National & International Financial news and Updates

Business news

Government to Invest ₹5 Lakh Crore on Road Construction Over 5 Years

The Center is focused on improving connectivity and in reducing road accident deaths.

Jan 16, 2015

Audi R8 LMX and Datsun Go+ Launched in India

A budget and a super car share the same launch day.

Jan 15, 2015

Marans Exit SpiceJet, Transfer Ownership to Ajay Singh

SpiceJet's Maran Brothers have agreed to transfer ownership and control of the beleaguered budget airlines to its original founder Ajay Singh and his partners

Jan 15, 2015

Nation's Top Bankers Welcome RBI Rate Cut, Confirm Banking Rates to Come Down Soon

India's top bankers have welcomed the RBI rate cut and confirmed that banking rates will also go down soon.

Jan 15, 2015

arun-jaitley-at-vibrant-gujarat-summit-part-1

FM Jaitley Hails Rate-Cut as 'Positive for Indian Economy'

FM Jaitley called the RBI rate cut as a very positive move for the economy and hopes that the investment cycle would get a boost

Jan 15, 2015

RBI Signals More Rate Cuts after 25 Basis Point Reduction in Repo Rate

In a surprise move the RBI brings down the lending rate to 7.75% from 8%, the first reduction in almost a year.

Jan 15, 2015

World Bank President Jim Young Kim and India's Prime Minister Narendra Modi

World Bank Projects India's GDP to Surpass China's by 2017

The World Bank's Global Economic Prospects projects India to post 6.4% GDP growth rate in 2015, with the economy expanding by 7% in 2016.

Jan 14, 2015

Budget 2015 - Increase Infra Spending, Allow Fiscal Deficit To Widen, Adopt Fiscal Consolidation, Says Financial Experts

Investors are willing to cut the government some slack, if it invests in infrastructure projects while reforming the tax revenues.

Jan 14, 2015

Zomato Buys US Food Portal Urbanspoon for $50 mn; Plans to Raise $100 mn in Fresh Funding

Indian start-up Zomato acquires US-based food portal Urbanspoon for $50mn in an all-cash deal and plans to raise $100mn in fresh funding.

Jan 13, 2015

India Pins Hopes on Budget 2015; Will it be the Harbinger of Growth?

2015 Budget and reforms to revitalise Indian economy. Sensex to reflect GDP expansion more closely.

Jan 13, 2015

Government Will Work Towards Non-Adversarial Tax Regime: Arun Jaitley

Union Minister Arun Jaitley said India must have credibility in terms of governance.

Jan 12, 2015

Vistara, Lean Season To Trigger Airfare War

Air Vistara's entry and the lean season setting in, has driven down airfares, with Air India cutting its fares by almost 50%.

Jan 12, 2015

Coal India Shares Fall 4% on Reports of 10% Stake Sale by Government

The Center is likely to offload 10% of its 89.65% stake in the coal major, in a bid to reach the disinvestment target and to help limit the fiscal deficit to 4.1%

Jan 12, 2015