Economy News

Indian Railways to form joint ventures for improved connectivity, faster land acquisition

It also envisages participation by banks, ports and PSUs

Dec 30, 2015

HAL ties up with Russian firm Rostech to build 200 Kamov helicopters

The Value of the deal is estimated to be $1 billion.

Dec 30, 2015

Reputed Indian firms and multinationals pulled up for misleading ads

Advertising Standards Council of India upheld 51 out of 98 advertisements for misleading content.

Dec 30, 2015

Chennai, Madurai, Coimbatore, Tiruppur in Tamil Nadu's smart city plan

The state government submitted its list of 12 cities to the NDA government on Tuesday.

Dec 29, 2015

RBI-appointed panel wants Indian commercial banks to look at Islamic banking

The concept is similar to Islamic banking.

Dec 29, 2015

'Love for cash' is proving costly, says RBI panel

A single transaction at an ATM costs Rs 18-20.

Dec 29, 2015

UAE, Britain, Russia sovereign funds want to invest in India: Arun Jaitley

The first meeting of the National Investment and Infrastructure Fund (NIIF) was held on 29 December.

Dec 29, 2015

Pasargan Bank and Parsian Bank to open branches in India even as US prepares for fresh sanctions against Iran

Iran sought India's participation to develop Chabahar Port and Chahbahar Free Trade Zone (FTZ).

Dec 29, 2015

Govt expects FDI to rise by 45% in 2016

A DIPP official told PTI that measures to improve business conditions would help attract more foreign capital.

Dec 29, 2015

Saudi Arabia deficit balloons to $98 billion, kingdom raises petrol prices by 50%

Saudi Arabia will also cut planned expenditure for 2016 by 14%.

Dec 29, 2015

E-commerce giant Snapdeal to spend on logistics, will speed up delivery

One of the biggest challenges faced by e-commerce industry is quick and efficient delivery systems.

Dec 29, 2015

Centre gives approval for four greenfield airports; three to come up in Andhra Pradesh

Each airport may take at least six years to get completed, according to officials.

Dec 29, 2015

No LPG subsidy for Indians earning more than Rs 10 lakh per annum

The decision will be effective from next month on a self-declaration basis while booking LPG cylinders.

Dec 29, 2015

Dilwale, Bajirao Mastani, Bajrangi Bhaijaan, Baahubali mint money at box office, India Inc downbeat

Many movies fared well at the box office, while BSE200 companies reported decline in sales in H1, FY2016.

Dec 28, 2015

Arun Jaitley on GST Bill: In touch with Congress, hope to pass it in next session of Parliament

The GST Bill is stuck in the Rajya Sabha, where the ruling NDA does not have a majority.

Dec 28, 2015