Economy News

Takeover deals worth $5 billion-plus touch record number of 128 this year

The week's biggest M&A deal was a $13.4 billion tie-up between France's Air Liquide and U.S. peer Airgas.

Nov 22, 2015

Kingfisher Airlines assets to be auctioned on 7 December

Kingfisher, founded by liquor baron Vijay Mallya stopped flying 3 years ago as it ran out of cash.

Nov 22, 2015

India unveils plans to phase out tax exemptions for companies

Over four years, the government plans to lower corporate tax from 30% to 25%, Arun Jaitley had said

Nov 22, 2015

Arun Jaitley to meet heads of state-run banks to review assets, loans, rate cuts

Jaitley has allocated Rs 7,940 crore in the budget for re-capitalisation of public sector banks this year.

Nov 22, 2015

US hopes F-35s will be allowed in race to replace Canada's CF-18 jets

A decision not to go with the F-35s could raise hopes for Boeing's F/A-18E/F fighters.

Nov 22, 2015

Kingfisher Airlines: Vijay Mallya declared a wilful defaulter by SBI

Mallya can still challenge the label in the apex court through review petitions, according to banking experts.

Nov 22, 2015

Derivatives expiry and reforms set to drive markets in coming week

Government has shown willingness to amend draft GST Bill to form consensus ahead of Winter session.

Nov 22, 2015

Japan to reform yen loans to to help Asian nations build infrastructure

Japan, along with the Asian Development Bank, will provide $110 billion over the next five years.

Nov 22, 2015

Good response to Aadhaar-based small units' registration scheme

53,243 enterprises have taken it up so far across the country.

Nov 22, 2015

Monetary policy risks becoming futile in low-growth world, says ECB's Coeure

He calls for academics and policy-makers to address issues at the root of a global economic malaise.

Nov 22, 2015

India's growth rate seen to surpass China's despite sync in business models

Domestic demand, saving and investment rates helped India's growth to remain steady.

Nov 22, 2015

China to give $14.5 million for MH370 search operations

The search has involved more than two dozen countries contributing planes, ships, submarines and satellites.

Nov 22, 2015

India's foreign exchange kitty buoys to $352 billion

The reserves had dwindled by $1.90 billion to $351.73 billion for the week ended 6 November.

Nov 21, 2015

India looks to double coal output by 2020

For some this is the sound of progress. The coal mining industry is booming in India where a new mine is opened every month. In their push to compete on the global stage, Asian countries like India are increasingly looking to coal to power their economies and feed their growing energy demands. Officials in Indias coal ministry said despite a push for renewable energy sources, coal will continue to win out.

Nov 21, 2015