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Economy News

Kingfisher and UB Group chairman Vijay Mallya

Banking Consortium Slaps Vijay Mallya with Contempt Application

The new year brings a new set of trouble for Vijay Mallya with the banking consortium alleging violation on the undertaking given to the DRT. Jan 7, 2015
Infosys founder Narayana Murthy

Unionization Of IT Employees? A Resounding 'No!'

The move to unionize IT staff is shortsighted and would steal the industry of its ability to self-regulate and adapt to economic and technological realities. Jan 6, 2015
Tata Consultancy Services

TCS Jobcuts and Unionisation Drive: Existential Threat to India's Knowledge-Driven IT Industry?

Trade unions, until recently considered a taboo in the IT industry, are seeking to ingrain themselves with employees facing the axe. Jan 6, 2015
Modi

Dholera, Gujrat To Kick-Off India's Ambitious Smart Cities Infra Project, Japanese Investment at $4.5bn

The 2,700 km DMIC project is finally taking shape, with the Japanese helping with technology, consultancy services and funding Jan 5, 2015
oil prices

Crude Oil Freefall: 'Picking a Bottom Could be Deadly'

Brent Crude prices took another hit falling 1.8 percent to $55.42 per barrel on Monday marking another decline due to the global oil oversupply. Jan 5, 2015
Coal being unloaded

Coal Unions Plan 'Militant' Five-day Strike From Tuesday; Power Cuts Possible

CIL has increased coal rake movement to 225 a day from 207 in a bid to increase coal stocks with power generation units. Jan 5, 2015
Tata Consultancy Services

IT Workers To Unionise? TCS Retrenchment 'Limited' to 3,500 Employees

IT workers with eight-years of work experience are allegedly marked for retrenchment to make way for younger colleagues. Jan 5, 2015
PM Modi's Make in India huge success

Modi's 'Make in India' Hugely Successful: Facebook Page Adds New Members Every 3 Seconds [VIDEO]

According to an unofficial statement from the government, "Make in India" has already touched over 2.1 billion global impressions on social media. Jan 4, 2015
finance-minister-jaitley-rejects-raghuram-rajans-criticism-of-make-in-india

Banking Sector Needs Reforms, Says Jaitley

He called for 'conceiving' several reforms to the banking sector and 'the need for greater autonomy' being granted to banks. Jan 3, 2015
Arvind Panagariya

Arvind Panagariya -- Meet the Man Who Will Implement Modi's Plans for Economy

Jagdish Bhagwati favored his protege, Panagariya, to become the chief economist to Narendra Modi, in April. Jan 3, 2015
PM Modi

Government Plans Massive Public Investment to Boost Economy

The Narendra Modi government's growth strategy for fiscal 2015-16 is three-pronged – increase in public investment, easing fiscal roadmap and higher revenue generation from oil, spectrum and disinvestment. Jan 3, 2015
former-pm-went-ahead-with-corruption-knowing-it-will-hurt-countrys-economy-prakash-javadekar

Javadekar Eases Green Norms For 'Linear' Infra Projects

On receiving the necessary approvals, infra projects can go ahead with tree cutting and commence work if the necessary funds are in place Jan 2, 2015
OPEC

Iran Calls on Saudi Arabia to Control OPEC Oil Supply; Prices Could Tumble to $30?

As oil prices fell to new six-year lows last week, Iran called on OPEC leader Saudi Arabia to take a stance on the global oil glut that has been plaguing the markets. Jan 2, 2015
Manufacturing Industry

Manufacturing PMI Zooms to Two-Year High Of 54.5 in December

Expectations run high on government reforms and RBI rate cut. Jan 2, 2015
Arun Jaitley

Reforms Push Gets Boost in 2015, Says Jaitley

Reforms introduced will realise GDP expansion, said Jaitley, with projections at 5.5% for FY 2014/15. Jan 1, 2015
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