Economy News

Budget 2015: Prime Minister's Office Solicits Inputs from Economists

The Prime Minister's Principal Secretary has reached out to economists and help define and design the upcoming Budget

Feb 3, 2015

Govt to Opt for More PSU Stake Sale in Feb and March, Hopes to Raise ₹43,425 crore to Meet Disinvestment Target

The government is expected to see ONGC, IOC and NHPC share being sold in the next two months to help fund the fiscal deficit.

Jan 31, 2015

India to Commission 5-mt Underground Oil Storage Reserves by October

The Indian Government is expected to commission a 5 million tonne underground storage facility.

Jan 31, 2015

Fiscal Deficit Breaches Full-Year Target in December 2014

The fiscal deficit target was breached in end of December 2014. The government hopes that the disinvestment and mobile spectrum auction would provide the necessary funds to meet the 4.1% deficit target

Jan 31, 2015

Budget 2015: Indian Economy to Record 5.5% Growth in 2015, Says Report

A research report sees the Indian economy expanding by 5.5% in 2015, owing to the fall in crude oil prices and interest rates.

Jan 30, 2015

Coal India OFS Scrapes Through, Oversubscribed By 1.04 Times Minutes Before Closure

Retain investor segment saw just 42.5% subscription, while non-retail portion was oversubscribed by 1.2 times.

Jan 30, 2015

all-efforts-on-to-make-india-open-for-business-jayant-sinha

India Poised to Become $5 Trillion Economy by 2025: Jaitley Deputy

It's a great time to invest in India, according to him.

Jan 30, 2015

Olacabs to Buy Rival TaxiForSure for $200 mn to Take on Uber

Taxi aggregator Olacabs bought rival TaxiForSure to help take on the might of US-based Uber and also to rationalise costs.

Jan 29, 2015

Coal India: 10% Stake Sale on Friday to Raise ₹24,000 Crore; Shares Slide by 5%

The government has decided to divest almost 10% of its share holding in Coal India, to help mop-up almost ₹24,000 crore to help manage the fiscal deficit at 4.1%

Jan 29, 2015

Govt to Sell Stake in ONGC this Fiscal: Oil Minister Dharmendra Pradhan

The Narendra Modi government is going ahead with the stake sale of ONGC in the current fiscal, said oil minister Dharmendra Pradhan.

Jan 28, 2015

Mr. H.E. Joon-gyu Lee, Ambassador of the Republic of Korea to India, Mr. Hyun Chil Hong, President & CEO, Samsung India Electronics Ltd and Shri Akhilesh Yadav, Hon'ble Chief Minister, Uttar Pradesh unveiling the expansion of Samsung India Electronics Pv

Samsung Invests ₹517 Crore to Expand Noida Plant

The Tizen-based Smasung smartphone Z1 will be manufactured at the Noida plant.

Jan 27, 2015

Spice Group To Set Up Mobile Making Unit for ₹500 crore in UP, India

Signs MoU with Government of UP to set up the plant in the state

Jan 27, 2015

'Everything is Going Well With India' Says Jaitley; Sensex Closes at Record High

The Finance Minister said the fiscal targets are likely to be met for the year and noted that the manufacturing sector is witnessing a turnaround.

Jan 27, 2015

IBM Denies Forbes Massive Layoff Report, Confirms 'Workforce Rebalancing' but on Smaller Scale

The IT firm dismissed rumours surrounding a Forbes report claiming the company is to cut about 1,12,000 jobs.

Jan 27, 2015

India's Swiss Gold Imports Cross ₹1.2 Lakh Crore in 2014; Illicit Funds Being Routed Back Through Bullion?

The government suspects bullion and diamonds are being used to bring back illicitly stashed money from foreign shores.

Jan 27, 2015

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Economy News

Budget 2015: Prime Minister's Office Solicits Inputs from Economists

Govt to Opt for More PSU Stake Sale in Feb and March, Hopes to Raise ₹43,425 crore to Meet Disinvestment Target

India to Commission 5-mt Underground Oil Storage Reserves by October

Fiscal Deficit Breaches Full-Year Target in December 2014

Budget 2015: Indian Economy to Record 5.5% Growth in 2015, Says Report

Coal India OFS Scrapes Through, Oversubscribed By 1.04 Times Minutes Before Closure

India Poised to Become $5 Trillion Economy by 2025: Jaitley Deputy

Olacabs to Buy Rival TaxiForSure for $200 mn to Take on Uber

Coal India: 10% Stake Sale on Friday to Raise ₹24,000 Crore; Shares Slide by 5%

Govt to Sell Stake in ONGC this Fiscal: Oil Minister Dharmendra Pradhan

Samsung Invests ₹517 Crore to Expand Noida Plant

Spice Group To Set Up Mobile Making Unit for ₹500 crore in UP, India

'Everything is Going Well With India' Says Jaitley; Sensex Closes at Record High

IBM Denies Forbes Massive Layoff Report, Confirms 'Workforce Rebalancing' but on Smaller Scale

India's Swiss Gold Imports Cross ₹1.2 Lakh Crore in 2014; Illicit Funds Being Routed Back Through Bullion?

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