Economy News

Bihar levies luxury tax on samosa; will TN follow suit and impose tax on idli, dosa?

Imposing prohibition entails foregoing revenues, leaving hard choices for states to raise resources.

Jan 14, 2016

Air signs: India sees more MNCs booking charter flights

India sees a surge in private charter plane booking by MNCs to ferry their foreign executives visiting the country.

Jan 14, 2016

Asian shares skid as crude oil plumbs 12-year lows

MSCI's broadest index of Asia-Pacific shares outside Japan extended early losses and was down 1.7%.

Jan 14, 2016

Indian domestic air traffic demand was highest globally in November: IATA

The country's 25% growth demand was far ahead of US at 9% and China at 8%.

Jan 13, 2016

Arun Jaitley, Nirmala Sitharaman, Azim Premji part of Indian delegation to WEF Davos meet

The 100-member Indian delegation includes many famous businessmen.

Jan 13, 2016

Modi government sets up panel to assess 7th Central Pay Commission proposals

The 7th Pay Commission proposals are expected to cost the Central government Rs 1 lakh crore in FY2017.

Jan 13, 2016

Abraaj Group will acquire majority stake in CARE hospitals

Abraaj and CARE's management will focus on expanding CARE's healthcare delivery system in India.

Jan 13, 2016

Rafale fighter jets deal may cost India Rs 60,000 crore

Although the final price will be announced only after the two governments sign the deal.

Jan 13, 2016

Coal India plans biggest tech overhaul to check rampant theft

Coal India's productivity is estimated at just one-eighth of its technologically-advanced rivals in the US.

Jan 13, 2016

Retail inflation rises for fifth straight month in December, IIP contracts in November

Retail inflation, or CPI, had hit a 14-month high of 5.4% in November last year.

Jan 12, 2016

New Defence Procurement Policy results in dynamic changes

Another major change of the DPP is that "small and medium-scaled industries would get opportunities," Parrikar said.

Jan 12, 2016

New Sebi norms for MFs on corporate debt exposure hit housing finance companies

The norms restrict Mutual Funds exposure from 10% of NAV to 5% of NAV.

Jan 12, 2016

IT firms may increase fee for clients to absorb US visa fee hike

It is expected that IT firms will be burdened by an extra $400 million per year due to the increase in visa fees.

Jan 12, 2016

US funds are top investors in Indian stocks

Britain and Japan are the other two top countries with investment of $41.5 billion and $15.2 billion, respectively.

Jan 12, 2016

India close to sealing Rafale fighter jet deal with Dassault

India and France are expected to seal the military deal just before Hollande's arrival or during his visit to India in January.

Jan 12, 2016

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Economy News

Bihar levies luxury tax on samosa; will TN follow suit and impose tax on idli, dosa?

Air signs: India sees more MNCs booking charter flights

Asian shares skid as crude oil plumbs 12-year lows

Indian domestic air traffic demand was highest globally in November: IATA

Arun Jaitley, Nirmala Sitharaman, Azim Premji part of Indian delegation to WEF Davos meet

Modi government sets up panel to assess 7th Central Pay Commission proposals

Abraaj Group will acquire majority stake in CARE hospitals

Rafale fighter jets deal may cost India Rs 60,000 crore

Coal India plans biggest tech overhaul to check rampant theft

Retail inflation rises for fifth straight month in December, IIP contracts in November

New Defence Procurement Policy results in dynamic changes

New Sebi norms for MFs on corporate debt exposure hit housing finance companies

IT firms may increase fee for clients to absorb US visa fee hike

US funds are top investors in Indian stocks

India close to sealing Rafale fighter jet deal with Dassault

Time for India to follow suit? France, Germany, Netherlands, US banned use of EVMs [here's why]

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