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Economy News

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

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
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