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Economy News

China cuts wholesale gas prices, seeks to boost demand for cleaner fuel

The impact could be mixed for players in the market. Nov 24, 2015

UK adding 9 P-8 Poseidons, 24 F-35 stealth fighters to its warplane repository

Cameron has committed 2 % of the GDP for defence spending to fulfil a NATO target. Nov 24, 2015

Foreign banks grab 90% of Indian state government bonds

The move raises the prospect of more volatility in one of Asia's best performing debt markets. Nov 24, 2015

India will be in top 100 in ease of doing business index in 2016: Jayant Sinha

The World Bank ranks India 130 out of 189 countries in the ease of doing business. Nov 24, 2015

Infrastructure, steel groups consider 'masala bonds' to diversify debt funding

The government last month clarified how income from the rupee-denominated offshore bonds would be taxed. Nov 24, 2015

Bupa to invest Rs 191 crore in Max Bupa to boost stake

The deal is expected to come into force once all regulatory clearances have been sought. Nov 23, 2015

Can Fin Homes share soars 120% in one year

Its share price zoomed from Rs 457 on 24 November, 2014, to Rs 1005 on 23 November, 2015, on BSE. Nov 23, 2015

GCC: 'Perfect time' to introduce taxes to augment revenues, says experts

Levying tax is the "best solution" for GCC countries to diversify revenue sources, according to experts. Nov 23, 2015

Austrian Finance Minister wants EU to take out migrant costs from Budget calculations

The EU said Austria, Italy, Lithuania and Spain risked breaking European Union rules with their budget plans. Nov 23, 2015

Chinese investors looking to risk investing money in Indian startups

Chinese groups willing to put money into Indian startups are Baidu, Alibaba Group and Tencent Holdings. Nov 23, 2015

Modi in Malaysia: Pacts signed on infrastructure, cybersecurity

The infrastructure development agreement was signed between India's NITI Aayog and Malaysia's Pemandu. Nov 23, 2015

U.S. oil prices fall by more than 3% on strong dollar, oversupply

The fall was part of a wider decline in commodities stoked by worries over faltering demand from China. Nov 23, 2015

Walmart takes Cyber Monday forward to Sunday, expects record industry sales

It will launch 2,000 online-only specials on 29 November, up from 500 such deals last year. Nov 23, 2015

Seventh Pay Commission: Implementation will have multiple fallouts, says economist

Fiscal consolidation, inflation, rate cuts, ratings are all areas of concern, says DBS Bank economist Radhika Rao. Nov 23, 2015

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
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