Economy News

Modi govt may raise service tax to 16% in Budget 2016: Report

In the next Union Budget, the service tax may be raised by two percentage points to 16%.

Dec 21, 2015

Make in India: India Expo to be held in Islamabad for first time

The earlier exhibitions were held in Lahore.

Dec 20, 2015

GST benefits will be brought another way to industry: Goyal

The government will "find another way" to bring benefits of the law to industry, he said.

Dec 20, 2015

Listed firms spent Rs.6,400 crore in 2014-15 on CSR: CII

Over 90 percent of 1,181 companies in a survey complied with the CSR norms.

Dec 20, 2015

Toshiba to announce net loss for fiscal year 2015-16

Official announcement of the company's losses, amid worst crisis to hit the company, may come as early as Monday.

Dec 20, 2015

Banks to consider soft loan for housing, vehicles, crop damage, says Jaitley after meeting Jayalalithaa

Arun Jaitley visited flood-battered Chennai to offer financial aid for the flood-affected victims.

Dec 20, 2015

Securities fraud charges baseless, says Martin Shkreli, vilified for for hiking AIDS drug price

Federal prosecutors have alleged that Shkreli was running a Ponzi-like scheme at his former hedge fund.

Dec 20, 2015

JPMorgan to pay $307 million penalty for failing to disclose conflict of interest to clients

Two JPMorgan Chase wealth management affiliates admit to wrongdoing, says US SEC statement.

Dec 19, 2015

Railways paid extra cost of Rs 1.07 lakh crore for delay in completion of projects

"There was lack of consistency in prioritisation of projects," the CAG said.

Dec 19, 2015

Domestic air traffic: Indigo, GoAir lose market share, Air India, SpiceJet gain

Indigo's market share declined from 36.8% in October to 35.5% in November 2015.

Dec 18, 2015

Micromax YU to lock horns with Paytm, FreeCharge; plans roll-out of Mobile Wallet

Micromax's YU Televentures Ltd will soon foray in to Mobile Wallet business, to compete with Paytm, FreeCharge in India.

Dec 18, 2015

World-class guided missile destroyer 052D joins Chinese fleet in South China Sea

Developed and independently built by China, the new warship is the third to be added to the fleet in South China Sea.

Dec 18, 2015

Lockheed to provide Indian Army with night vision sensor systems

India will be the 15th nation to acquire Lockheed's modernised target acquisition night vision sensor system.

Dec 18, 2015

Govt to come out with new defence procurement procedure: Manohar Parrikar

The procedure and manual will be finalised by June 2016.

Dec 18, 2015

Mid-year economic review: Govt lowers FY16 GDP growth projection to 7-7.5% from 8.5%; Senex, Nifty fall

The government said so in the mid-year economic review tabled in Parliament on Friday.

Dec 18, 2015