National & International Financial news and Updates

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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

HCL Posts 28% Increase in Profits, Issues 1:1 Bonus Share; Shares Hit 52-week High

HCL Technologies saw employee strength cross one lakh mark; and declared interim dividend of ₹8 per share

Jan 30, 2015

SpiceJet Approves Transfer Of Maran's Entire Stake of 58.46% to Ajay Singh; Marans Out of Company's Board

Kalanithi Maran is to be allotted 37.5 lakh non-convertible cumulative redeemable preference shares

Jan 30, 2015

Tigerair Calls Off Passenger Swapping Agreement with SpiceJet

The Singapore-based low-cost air carrier cited unsatisfactory business outcome to terminate the one-year-old agreement.

Jan 29, 2015

Zomato Acquires Turkish Restaurant Search Portal Mekanist; Seventh Acquisition in 6 Months

Zomato continues with its buying spree, picks up Turkey's Mekanist for an undisclosed sum, expanding its footprint in the bridge between Asia and Europe.

Jan 29, 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

Airlines Announce Discounted Fares to Tide over Lean Season; Lakhs Of Tickets go on Sale

In a bid to pull in more customers over the lean season, airlines have dropped airfare to gain more customers to improve load factor.

Jan 29, 2015

Former Indian Government under UPA Wanted to Tap Vodafone Calls, Messages

Vodafone Tax Case: Centre Not to Appeal Against Bombay High Court Order

The Narendra Modi government has decided not to appeal against the Vodafone tax case, which was decided by the Bombay High Court in favour of the mobile company.

Jan 28, 2015

TCS Bets High on Digital Vertical, Eyes $5bn in Revenues

TCS expects the digital vertical to bring in as much as $5bn in revenue, as it sees all businesses gradually move towards digitization, hires 1,500 experienced professionals.

Jan 28, 2015

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