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Economy News

Anand Mahindra

Mahindra to Acquire Pipavav Defence for ₹3,000 Crore, Eyes Order Book

The Indian defence industry is witnessing consolidation, as companies line up to pick up supplying to the Indian defence requirements. This news could see more tie-up between Indian players, and Indian and foreign players. Feb 12, 2015
Apple Store in China

Apple Becomes First US Firm Worth $700Bn in Stock Valuation

The valuation puts Apple on the top, which is more than the combined valuation of Google and Microsoft, its two closest competitors. Feb 11, 2015
Sugarcane farmers in Maharashtra, India

Mills Sell Sugar at Lower Rates to Pay Farmers as they Wait for Subsidy

The sugar industry is reeling from increased production and depressed prices, and looks forward to the government announcing an export subsidy to tide over the crisis Feb 11, 2015
Prof.Amartya Sen

Amartya Sen Awarded Inaugural John Maynard Keynes Prize

The Bharat Ratna awardee and Noble Prize winner has been awarded the prize for his "outstanding contribution to society" Feb 10, 2015

IT Exports to Expand by 12-14% in FY15: Nasscom

Nasscom expects the Indian IT sector to clock 12-14% growth in the upcoming fiscal year, on the back of strong economic fundamentals of Western nations. Feb 10, 2015
A Railway Worker inspecting tanker wagons

RBI Orders Tighter Compliance on Suspicion of $3.2bn Iran Export Scam

The central bank asked Indian banks to tighten compliance and asked them to be more vigilant on suspected money laundering cases. Feb 10, 2015
Reserve Bank of India (RBI)

RBI Deputy Governor Directs Lenders to Improve Asset Quality

Reserve Bank of India's Deputy Governor R Gandhi reiterated the central bank's stand on the need for lenders to improve asset quality. Feb 9, 2015
Tax Collection

Budget 2015: Govt Mulling Incentives to Individuals, Companies to Boost Savings, Investments

The corporation tax rate is 30 per cent and has remained unchanged for the last seven years Feb 9, 2015
Indian Railways

No Proposal to Hike Rail Fares at Present: MoS for Railways Manoj Sinha

Railway's Sinha said that there are no proposals currently being considered to hike rail fare. He insisted that details would be out only when the Railway Budget is presented in the Parliament. Feb 7, 2015
JustEat

Foodpanda Acquires JustEat India, to Cover More Than 200 Cities

The online food ordering service is now in direct competition with Zomato. Feb 7, 2015
Indian Prime Minister Narendra Modi

Budget 2015: Modi Chairs Maiden NITI Aayog Meeting, Discusses Economic Policy Formulation with Noted Economists

The maiden NITI Aayog meeting saw discussions between the PM and economists on attracting investment, boosting domestic savings and the condition of agricultural sector and financing infrastructure. Feb 7, 2015
Defence Minister Manohar Parrikar

Defence Production Reforms Will be Ready Soon, Says Parrikar

He says 'proper' laws should be framed for defence projects Feb 6, 2015
Finance Minister Arun Jaitley

Global Bodies Lined up for Funding Infrastructure Development: Arun Jaitley

Arun Jaitley told industrialists that the expected infra boom would witness a combination of funding, which would see significant participation from international bodies. Feb 6, 2015
Huawei P8 Release Date; Invites Sent Out For April 15; Fingerprint Scanner, OIS Camera In The Books

'Make in India' Scheme: Huawei Invests $170 mn in R&D Facility in Bangalore

Huawei has opened its largest R&D center in Bangalore, which is expected to seat 5,000 employees. Feb 6, 2015
Raghuram Rajan

Budget 2015: RBI Governor Raghuram Rajan Favours Higher Tax Exemption Limit On Financial Investments

A rise in the limit will improve savings rate Feb 5, 2015
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