Economy News

S&P: Low Per Capita Income, High Fiscal Deficit 'Constraints' in India's Rating Upgrade

In a report released on Monday, the ratings agency said that the slow pace of fiscal consolidation will mean an upgrade is 3 to 5 years away

Feb 23, 2015

Budget 2015: RBI Governor Rajan Supports Strong Action Against Black Money Holders, Tax Evaders

The RBI Governor indicated his preference to go after black money holders and hold them to account

Feb 21, 2015

Budget 2015: Relax Fiscal Deficit Target, Go For Growth, Says Bimal Jalan

Former RBI Governor Bimal Jalan has asked the government to stop focussing entirely on containing fiscal deficit and allow it to expand a bit, to spur growth

Feb 21, 2015

Aero India 2015: Russia Hopes to Sign Fifth-Gen Fighter Aircraft Deal with India in 2015

Russia has expressed confidence that it hopes to finalise the FGFA deal to be concluded in 2015.

Feb 20, 2015

Aero India 2015: Airbus in Talks with Indian Firms to Manufacture Helicopters Locally

Airbus's helicopter division has opened talks with major Indian conglomerates to partner in building Indian Armed Forces' next generation light utility and medium lift helicopters

Feb 20, 2015

India-Israel Security Ties Are Now in the Open, Says Visiting Israeli Defence Minister

Indo-Israeli strategic partnership is more mature and more visible, remarked visiting Israeli Defence Minister in New Delhi

Feb 20, 2015

Rail Budget 2015: No Reduction in 'Already Low' Train Fares, Says MoS Manoj Sinha

The Railway Minister for State said there could be no reduction in railway fares, as it is already low.

Feb 19, 2015

Make in India: Bharat Forge-Rafeal JV to Manufacture Spike Anti-Tank Missile in Hyderabad

Kalyani Group will hold 51% in the joint venture with the rest vesting with Rafael and will manufacture the Apike anti-tank missile for the Indian Armed Forces

Feb 19, 2015

US Federal Authorities Probe Mirach's 'Forged' Letter to Sahara India

Federal Authorities have began investigating Mirach Capital's alleged forged BofA letter to Sahara India in connection to their deal on boutique hotels.

Feb 19, 2015

Rafale Jet Deal: Final Decision Only After March, Says Indian Defence Minister

The long-delayed Rafale deal is to be decided only after March, said the Defence Minister.

Feb 18, 2015

Israeli Defence Minister Arrives at Aero India Expo; Arms Supply Deals Lined up

Moshe Ya'alon, Israel's Defence Minister is in India to participate in the Aero India 2015 and to expand military ties.

Feb 18, 2015

Aero India 2015 LIVE: Modi Not Content With Assembling Defence Equipment, Wants Tech Transfer

The Aero India Expo kicks off in Bangalore to record participation by defence vendors

Feb 18, 2015

Budget 2015: Mega Projects Will Help Boost Credit Offtake, Says SBI Chairperson

SBI's Bhattacharya said she expects the government spending on major projects to help improve credit growth.

Feb 17, 2015

Rail Budget 2015: RFID to Track Locomotives, Wagons, Coaches; WiFi at Major Stations on Cards

CCTV cameras in ladies' coach, digitised land mapping, could also be part of Rail Budget

Feb 16, 2015

The Great Online Bank Robbery: How Carbanak Cyber Gang Stole $1 Billion from 100 Banks Worldwide

The plot marks the beginning of a new stage in the evolution of cybercriminal activity, where malicious users steal money directly from banks, without targeting end users.

Feb 16, 2015