Economy News

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

Budget 2015: Govt to Double Allocation to ₹45,000 crore to Fast-track Road Projects

The allocation of money is seen as critical to revive the highways sector, which is likely to have a target of constructing about 8,500 km of roads next fiscal, despite inadequate participation by the private sector

Feb 16, 2015

Budget 2015: CII Wants Govt to Reform Tax Rules For Investment Trusts

The industry body wants a 'conducive' tax regime to spur growth of such trusts

Feb 16, 2015

293 Firms Commit to 266 GW of Renewable Power at Inaugural RE-Invest Conference

Many of the companies have expressed an interest to set up a factory shop to create the necessary infrastructure in India.

Feb 15, 2015

Coal Auction: GMR and Reliance Cement Emerge Winners on Day One

The coal block auction was kicked off on Saturday. The auction saw considerable interest from major infrastructure-related companies.

Feb 15, 2015

'Make in India': PM Inaugurates GE's First Manufacturing Plant in India

Inaugurating GE's first manufacturing plant in the nation, PM Modi invited the company to build ships in India

Feb 14, 2015

Sun Pharma's Dilip Sanghvi to Invest $290 Mn in Tulsi Tanti's Suzlon

The wind turbine maker would see funds infusion to the tune of 1,800 crore by Dilip Sanghvi through his personal investment firm.

Feb 14, 2015

Boeing Asks India to Confirm Helicopter Deal Worth $2.5bn, Warns Govt of Price Rise

Boeing asked the Indian Government to finalise the helicopter deal which would see Apache attack and Chinook heavy-lift helicopters, at a reported cost of $2.5bn, which could rise if the deal continues to hang.

Feb 13, 2015

Budget 2015: Sensex Up 860 Points in 4 Days; Markets Cheer Jaitley's Assurance On Reforms

The pre-Budget rally is taking indices to record highs, expecting positive announcements

Feb 13, 2015

'Digital India': Call Centers, BPOs in Small Towns Soon, Says Ravi Shankar Prasad

Private players will be given incentives to set up the centres that will serve the poor, he said

Feb 12, 2015

Mahindra to Acquire Pipavav Defence for ₹3,000 Crore, Eyes Order Book

The Indian defence industry is witnessing consolidation, as companies line up to pick up supplying to the Indian defence requirements. This news could see more tie-up between Indian players, and Indian and foreign players.

Feb 12, 2015