National & International Financial news and Updates

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Coal Unions Plan 'Militant' Five-day Strike From Tuesday; Power Cuts Possible

CIL has increased coal rake movement to 225 a day from 207 in a bid to increase coal stocks with power generation units.

Jan 5, 2015

Jet Airways Eyes SpiceJet's Bombardier Q400 Fleet; Vistara To Take Delivery of 3rd A-320

The fall in fuel prices bodes well for the airline industry which has struggled to turn in a profit. Fleet expansion and optimization could help improve operating costs and profits.

Jan 5, 2015

IT Workers To Unionise? TCS Retrenchment 'Limited' to 3,500 Employees

IT workers with eight-years of work experience are allegedly marked for retrenchment to make way for younger colleagues.

Jan 5, 2015

finance-minister-jaitley-rejects-raghuram-rajans-criticism-of-make-in-india

Banking Sector Needs Reforms, Says Jaitley

He called for 'conceiving' several reforms to the banking sector and 'the need for greater autonomy' being granted to banks.

Jan 3, 2015

Government Plans Massive Public Investment to Boost Economy

The Narendra Modi government's growth strategy for fiscal 2015-16 is three-pronged – increase in public investment, easing fiscal roadmap and higher revenue generation from oil, spectrum and disinvestment.

Jan 3, 2015

former-pm-went-ahead-with-corruption-knowing-it-will-hurt-countrys-economy-prakash-javadekar

Javadekar Eases Green Norms For 'Linear' Infra Projects

On receiving the necessary approvals, infra projects can go ahead with tree cutting and commence work if the necessary funds are in place

Jan 2, 2015

Manufacturing PMI Zooms to Two-Year High Of 54.5 in December

Expectations run high on government reforms and RBI rate cut.

Jan 2, 2015

Snapchat Raises $486 mn, Firm Now Valued at $10 bn

Snapchat, the instant photo messaging app, has managed to raise about $486 million in its latest round of funding, which now pegs its value at $10 billion.

Jan 2, 2015

Reforms Push Gets Boost in 2015, Says Jaitley

Reforms introduced will realise GDP expansion, said Jaitley, with projections at 5.5% for FY 2014/15.

Jan 1, 2015

will-do-our-best-to-bring-indian-economy-back-on-track-arun-jaitley

India's Fiscal Deficit Zooms as Revenue Realisation Falters

A cut in non-plan expenditure and more disinvestment could help rein in the deficit

Jan 1, 2015

Infrastructure Growth Rises to 5-Month High of 6.7% in November

The core sector of India's infrastructure platform, accounting for 38% of its total output, grew by a five-month high at 6.7%.

Jan 1, 2015

Microsoft Sues Bangalore-Based Software Firm for Running 'Tech Support Scam'

Almost 65,000 complaints involving such scams have been registered since May, Microsoft said

Dec 31, 2014

SpiceJet Denies Extending Flight Cancellations, to Operate 230 Flights Daily in January

Cash strapped airline SpiceJet denied media reports on flight cuts, confirming that it intends to operate 230 flights a day in January 2015 ₹

Dec 31, 2014

Xiaomi Confirms $1.1 Billion Funding and $45 Billion Valuation

Xiaomi, the largest smartphone maker of China, confirmed on Monday that it has managed to raise $1.1 billion in its latest round of funding.

Dec 30, 2014

Shake Shack Files for IPO; Will Go Public to Raise $100 Million

The burger giant reportedly filed for an Initial Public Offering with the US Securities and Exchange Commission on Monday.

Dec 30, 2014

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