Business news

Two 'game changing reforms' in the Pipeline: Arun Jaitley

A state-of-the art indirect tax system the GST (Goods and Services Tax) and the JAM to be implemented

Feb 28, 2015

Economy Better Placed, Credibility Re-established: Arun Jaitley

He also said a double-digit growth was now feasible.

Feb 28, 2015

Union Budget 2015: Will Achieve Fiscal Deficit Mid-Term Target of 3%, Says Jaitley

The FM has confirmed that he will stick to the 3% fiscal deficit, but would spread it out over the next three years.

Feb 28, 2015

BSE Jumps 225 Points Ahead of Union Budget 2015

Jaitley met President Pranab Mukherjee, who was himself a finance minister, and was also present at the customary meeting of the cabinet.

Feb 28, 2015

Shah Rukh Khan at the India Poochega Sabse Shaana Kaun press conference

Budget 2015: What Bollywood Expects from Modi Government

Bollywood hopes that this year Finance Minister Arun Jaitley will take the film industry into consideration.

Feb 28, 2015

Defence Allocation: Strategic and Fiscal Review Key Factors

The primary objective of the defence allocation is to enhance India's composite military capability in a tangible manner

Feb 28, 2015

Finance Minister Arun Jaitley and Minister of State for Finance, Jayant Sinha along with the team at North Block before going to Parliament to present the Union Budget in New Delhi on Feb. 28, 2015.

Union Budget 2015 Belies Hopes of Tax Slab Revision

Jaitley abolishes wealth tax. Corporate tax slashed from 30% to 25%.

Feb 28, 2015

Dow, Nasdaq winners fourth straight week

Mixed data Friday suggests the economy is slowly improving. But it didn't keep stocks from sliding on the day. Still, the Dow and Nasdaq rose for the fourth straight week. U.S. economic growth

Feb 28, 2015

Low gas prices, yes, spending, no

Tumbling gas prices equate to virtual pay raises. But many Americans don't seem to be spending that that new found cash. Retail sales have been relatively flat and the savings rate is up. So what

Feb 28, 2015

Despair in Donetsk over rising prices

Plenty of food - but for some, no way to buy it. In war torrn Ukraine, food prices are rising rapidly. For many residents in the rebel stronghold of Donetsk, food items once considered staple - are

Feb 27, 2015

Lloyds raises rare smile - and dividend

Success has been hard to come by for banks of late. One though seems to have found a winning formula. Lloyds resuming dividend payments for the first time in 6 years. The UK lender was bailed out

Feb 27, 2015

Airbus on the up, IAG upgrades forecasts

Earnings at Airbus took to the skies in 2014, rising 54 percent before one-off items. The news boosted shares more than 6 percent, the equivalent of 2.5 billion euros or roughly the price of six A380

Feb 27, 2015

Buffett may look abroad for buys

Warren Buffett called America "the mother lode of opportunity" last year, but this year, he could look for some of that lode in a foreign land. The billionaire investor's must-read annual shareholders

Feb 27, 2015

Russia worry sets tone for Estonia poll

Estonia's defence league holds a fun day at a local school in Tallinn. The tiny Baltic state is one of the few NATO members to keep defence spending at a NATO target of two per cent of GDP. Its 1.3

Feb 27, 2015

Indian stocks rise more than 450 points ahead of budget

Mumbai / New Delhi, Feb 27 (ANI): The Bombay Stock Exchange (BSE) Sensex and Nifty rose nearly two percent on Friday, their best single-day advance in six weeks, as blue chips rallied on hopes the Indian government would deliver a budget that increases public investment but sticks broadly to its fiscal deficit targets. The benchmark BSE Sensex closed 1.65 percent higher at 29,220.12, its biggest single-day gain since January 20. The broader Nifty gained 1.85 percent to 8,844.60, its best single-day gain since January 15. BSE president, Ashish Chauhan, expected pro-growth and pro-reform budget. The Confederation of Indian Industry (CII) asked the government to target and cut subsidies.

Feb 27, 2015