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Rail Budget 2016 Suresh Prabhu Freight Wagons

Rail Budget 2016: Industralists, business chambers hail Suresh Prabhu's balancing act

The broad consensus is that Railway minister Suresh Prabhu has done well, given the constraints. Feb 25, 2016
Indian Railways Rail Budget Suresh Prabhu

Rail Budget 2016: Fare hike is still possible, says India Ratings

The railways has projected a shortfall of Rs 15,000 crore in revenues on account of "global slowdown." Feb 25, 2016
foreign tourists india FTAs Incredible India

Rail Budget 2016: Soon, foreign tourists, NRIs can buy railway tickets using debit, credit cards

The decision will be implemented in the next three months, as announced in the Railway Budget 2016-2017 on Thursday. Feb 25, 2016
Electronic Cash payment

Service fee, surcharge on debit and credit card payments scrapped

The cabinet approved making electronic payments compulsory for amounts beyond a prescribed threshold. Feb 25, 2016
Aviation Air India IndiGo Jet

SpiceJet, Jet, GoAir, IndiGo could sue Centre if 5/20 rule is abolished: Report

They contend that the proposed removal of the 5/20 rule is aimed at benefiting "two new airlines." Feb 24, 2016
Bajirao Mastani Airlift Viacom18

Viacom18 to launch Hindi film channel soon

Viacom18 is a joint venture between US-based Viacom Inc and the Network 18 Group controlled by Mukesh Ambani Feb 24, 2016
Monsoon Rainfall

India may see normal monsoon this year

The El Nino phenomenon is projected to "turn neutral" during the monsoon season this year, a scientist told the Economic Times. Feb 24, 2016
ONGC

ONGC $500 million San Cristobal investment deal imminent: PDVSA

The deal is expected to ensure state-owned ONGC gradually receives around $530 million of unpaid dividends. Feb 24, 2016
Indian Railways Rail PSUs

Rail Budget 2016: Will Suresh Prabhu announce listing of railway PSUs?

There are six unlisted companies managed by Indian Railways, most of them profit-making. Feb 23, 2016
Indian Railways

Rail stocks plummet ahead of Railway Budget

The losses ranged from 2 percent to almost 8 percent Tuesday on the BSE. Feb 23, 2016
Mazagon Docks Limited

Govt may okay Mazagon Docks' Rs 2,300 crore contract to build naval survey vessel

The Defence Acquisition Committee will also discuss the procurement of new carbines for the Indian Army. Feb 23, 2016
Indian Railway Rail projects

Rail Budget 2016: Wagon, coach makers to benefit from Rs 1.25 lakh crore outlay

The railways had announced a Rs 8.56 lakh crore capex in last year's budget to be spent over five years till FY2019. Feb 23, 2016
Bombay Stock Exchange building

NTPC shares fall after government announces 5% stake sale

The Narendra Modi government plans to raise about Rs 5,000 crore from this sale, based on the floor price of Rs 122 per share. Feb 23, 2016
Indian rupee Rupee Rupee vs dollar

Rupee closes at new 30-month low to 68.61, nears all-time low of 68.85

Renewed selling of Indian equities by foreign investors and a rise in demand for the dollar pulled the currency down. Feb 22, 2016
Prostitution sex racket spa

Prostitution in the garb of spa business is an aberration, says CEO of salon and spa chain YLG

The salon and spa business is about Rs 21,000 crore in India and growing at about 20 percent annually, says YLG CEO Rahul Bhalchandra. Feb 22, 2016
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