National & International Financial news and Updates

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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

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

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

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

Nepal tightens controls on Indian rupee exchange as black market expands

The move is aimed to check the misuse of Indian currency as many traders were hoarding it.

Nov 20, 2015

Reliance Defence receives conditional approval for 12 projects

The projects span areas like aircraft, choppers, missiles, night vision equipment.

Nov 20, 2015

World shares advance even as commodity prices plunge

Copper hovered at its lowest level since 2009 and nickel since 2003.

Nov 20, 2015

State finance ministers seek simplicity in GST at meeting

The GST, when implemented, would unify Asia's third-largest economy into a single market,

Nov 20, 2015

Pay hikes a risk factor for India's fiscal consolidation, warns Fitch Ratings

The pay hike could challenge the government's goal of achieving a fiscal deficit of 3.5% by March 2017.

Nov 20, 2015

Drop in public, private investments holding economy back: Raghuram Rajan

The RBI has cut its growth forecast for the current fiscal year to 7.4% from 7.6% previously.

Nov 20, 2015

Jack Dorsey's Square spurts in market debut, gains 45%

The shares jumped to $14.78 in early trading on Thursday, and closed at $13.07, booking a 45% gain.

Nov 20, 2015

Toyota aims upmarket in India, where no-frills cars rule

Toyota sold 141,347 vehicles in the year to end-March - a fraction of the 1.2 million sold by Maruti.

Nov 19, 2015

Central government approves Cochin Shipyard's Rs 33,984 crore IPO

The disinvestment is in line with the government's earlier decision on the issue.

Nov 18, 2015

Delayed payments hit small, medium Indian manufacturers hard

They said clients often take 150 days to pay as against the standard 30 days' time.

Nov 18, 2015

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