Economy News

Employers want Modi government to reconsider contentious bonus payment clause

The retrospective implementation of bonus revision will create accounting implications, they said.

Jan 22, 2016

Power minister Piyush Goyal likely to be moved to finance in cabinet reshuffle: Report

Goyal is already "being groomed" for the new role, said the report.

Jan 22, 2016

Sharp $5.5 billion bailout plan likely to be decided by next weekend

Innovation Network Corporation of Japan is offering to invest $2.6 billion in Sharp.

Jan 22, 2016

Iran asks India to buy crude directly, ignore middlemen

Iran's state-owned National Iranian Oil Company has communicated to Indian refiners about it.

Jan 21, 2016

GoAir opposes dismantling of 5/20 rule that would benefit 'new' airlines

If the 5/20 rule is dismantled, new airlines such as Vistara and AirAsia India will benefit.

Jan 21, 2016

India changing tax regime for greater stability: Jaitley

He said that the proposed Goods and Services Tax (GST) is a major step in that direction.

Jan 21, 2016

RBI asks banks to stop circulating faulty Rs 1,000 notes

According to an RBI spokesperson, the total number of faulty notes is not more than 500.

Jan 21, 2016

150 Industrial units face closure along Ganga

Of the 764 Gross Polluting Industries, 514 units have already installed OCEMS while 94 are in the process.

Jan 21, 2016

Barclays to close Asia cash equities; exit South Korea, Taiwan: Sources

The London-based lender will close its equity research, sales and trading and convertible bond trading businesses in Asia.

Jan 21, 2016

Govt approves 5,000 MW solar power projects worth Rs 5,050 crore

The projects will be implemented over four years on build, own and operate basis.

Jan 20, 2016

Government approves new power tariff policy

The new power tariff policy would reflect a concern for the environment and also encourage renewable energy.

Jan 20, 2016

Rupee breaches 68-mark as global growth spooks markets

The Indian rupee plunged below the 68-level against the US dollar, but later recovered to close at 67.96.

Jan 20, 2016

Advertisement industry to grow at 15.5%, says GroupM

The digital medium is projected fastest in the year, though its share is expected to continue at low levels.

Jan 20, 2016

Govt's definition of start-ups is an unhappy compromise: Mohandas Pai

A three year tax holiday is of no use for start-ups, as they wouldn't have started making profits by then, he says.

Jan 20, 2016

Crude prices plummet to fresh 12-year lows after IEA says oil market may 'drown in oversupply'

The West Texas Intermediate (WTI) slipped to $27.92 a barrel before recovering later.

Jan 20, 2016