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Economy News

Suresh Prabhu

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
India Tops List Of Golroted Malware Attacks: What Are The Risks And How To Protect Yourself And Your Business?

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
Road construction in India

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
cii-hails-railway-budget

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
Solar power plant

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
A coal mine in India

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
GE

'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
Suzlon

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
Apache Attack Helicopter

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
U.S. Treasury Secretary Jack Lew (R) shakes hands with India's Finance Minister Arun Jaitley

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
Ravi Shankar Prasad

'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
Anand Mahindra

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
Apple Store in China

Apple Becomes First US Firm Worth $700Bn in Stock Valuation

The valuation puts Apple on the top, which is more than the combined valuation of Google and Microsoft, its two closest competitors. Feb 11, 2015
Sugarcane farmers in Maharashtra, India

Mills Sell Sugar at Lower Rates to Pay Farmers as they Wait for Subsidy

The sugar industry is reeling from increased production and depressed prices, and looks forward to the government announcing an export subsidy to tide over the crisis Feb 11, 2015
Prof.Amartya Sen

Amartya Sen Awarded Inaugural John Maynard Keynes Prize

The Bharat Ratna awardee and Noble Prize winner has been awarded the prize for his "outstanding contribution to society" Feb 10, 2015
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