Economy News

Bain sells shares in Hero MotoCorp to raise $116 million

Bain launched the deal to sell 2.98 million Hero shares on 25 November.

Nov 26, 2015

US: Class action lawsuit accuses big banks of swapping interest rates

The lawsuit said every year the banks extracted billions of dollars in monopoly rents from the class members.

Nov 26, 2015

Pimco, other investors sue Citigroup over billions in mortgage debt losses

The bank had allegedly failed to properly monitor toxic securitiesresulting in $2.3 billion losses.

Nov 26, 2015

Construction equipment industry to grow to $5 billion by 2019-20

Recent progress in highway road building activity and coal mining auction augurs well for it.

Nov 26, 2015

Construction of transnational TAPI gas pipeline to begin in December

Turkmenistan and Afghanistan have agreed to jointly launch the construction of the multi-billion dollar TAPI pipeline.

Nov 26, 2015

GlaxoSmithKline refurbishing its image to boost China sales after bribery scandal

China's drug market is the world's second largest but growth is slowing.

Nov 26, 2015

CITIC under the scanner for overstating financial derivatives by $166 billion

China's biggest brokerage says the current size of its swap business is no larger than 40 billion yuan.

Nov 26, 2015

Auto components, electronics have untapped potential in MSME, says report

India is an emerging global hub for sourcing auto components being geographically close to key automotive markets.

Nov 26, 2015

India among nations showing highest levels of corporate fraud, says survey

Both China and Russia showed much lower levels of corruption and bribery in corporate scenarios.

Nov 26, 2015

RBI's Rajan to maintain status quo on policy rates at December meeting: Poll

Rajan may wait to see the effect of expected rate hike by the US Federal Reserve in December.

Nov 26, 2015

Mudra Bank, Start up India to shore up MSMEs

While loans to larger businesses have increased 4%, small business loans have decreased 20%.

Nov 25, 2015

Autumn Statement verdict: Despite tax credits u-turn, Osborne will continue to hit countrys most vulnerable

Chancellor George Osborne delivered u-turns on tax credits and police cuts in his spending review.

Nov 25, 2015

China: Police crack $4.5 billion worth underground bank network

14 gangs, each of whose daily illegal transactions were more than $100,000, were arrested.

Nov 25, 2015

Number of Americans filing for unemployment benefits on the decline

Claims have now held below the 300,000 threshold for 38 consecutive weeks.

Nov 25, 2015

Timely tariff hikes key to keep discoms sustainable : Fitch

India's power generators continue to face low and declining capacity utilisation,

Nov 25, 2015

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Economy News

Bain sells shares in Hero MotoCorp to raise $116 million

US: Class action lawsuit accuses big banks of swapping interest rates

Pimco, other investors sue Citigroup over billions in mortgage debt losses

Construction equipment industry to grow to $5 billion by 2019-20

Construction of transnational TAPI gas pipeline to begin in December

GlaxoSmithKline refurbishing its image to boost China sales after bribery scandal

CITIC under the scanner for overstating financial derivatives by $166 billion

Auto components, electronics have untapped potential in MSME, says report

India among nations showing highest levels of corporate fraud, says survey

RBI's Rajan to maintain status quo on policy rates at December meeting: Poll

Mudra Bank, Start up India to shore up MSMEs

Autumn Statement verdict: Despite tax credits u-turn, Osborne will continue to hit countrys most vulnerable

China: Police crack $4.5 billion worth underground bank network

Number of Americans filing for unemployment benefits on the decline

Timely tariff hikes key to keep discoms sustainable : Fitch

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

Dhanush's Captain Miller has no buyers in Telugu states? Here's why

Deepika Padukone is a sight to behold in velvet gown; attends Academy Museum Gala with Selena Gomez, Dua Lip [see pics]

Is exhibiting cleavage mandatory? Malaika Arora opts for low neck sleeveless outfit at event in Vrindavan, leaves netizens furious

'She is cruel…': Ankita Lokhande CRIES after fight with Mannara, tells Vicky she wants to go home; fans react