National & International Financial news and Updates

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India Becomes World's Largest Direct Benefit Transferer on LPG Subsidy Scheme

The world's second most populous nation successfully rolls out its Direct Benefit Transfer for LPG in 54 districts, with others to be covered in 2015

Dec 26, 2014

Ajay Singh-led Consortium to Submit SpiceJet Revival Plan to Government

The cash strapped airline would see a round of funding, if the revival plan to be submitted by its former promoter receives the green light

Dec 26, 2014

PE Firm Indigo Partners To Lead Consortium In Ajay Singh's Bid To Takeover SpiceJet

PE funds - Indigo Partners, TPG Capital and JPMorgan Infrastructure are said to back Ajay Singh's bid to take over the beleaguered airline and to pump in the required funds.₹

Dec 24, 2014

CEA Arvind Subramanium Asks RBI to Cut Rate to Spur Investment, Drive Growth

Arvind Subramanium called on the RBI to cut rates to help increase investments and boost the GDP rate to 7-8%

Dec 24, 2014

Budget 2015: Full Year Tax Collections Likely to Fall Short of Estimates

Even as the direct and indirect tax collection show growth, it still falls short of government expectations ₹

Dec 24, 2014

RBI May Allow Banks to Resume Gold Loans to Jewellers, Review Ban on Import of Gold Coins and Medallions

The RBI could lift the embargo on banks lending against gold.

Dec 24, 2014

UltraTech Acquires Jaiprakash Associates' Cement Plants For ₹5,400 crore

UltraTech has finalised a deal with Jaiprakash Associates to takeover two cement plants for ₹5,400 crore

Dec 24, 2014

Budget Deficit: India Slashes Healthcare Budget by Almost a Fifth

The Finance ministry has cut spending on healthcare in a struggle to contain its fiscal deficit

Dec 24, 2014

American Apparel Confirms Buyout Approach; Dov Charney Speaks Out

American Apparel, the famous clothing brand that recently hired a new CEO after firing founder head Dov Charney, confirmed on Monday that it was approached for a buyout.

Dec 23, 2014

Open Up Coal Sector To Enhance Production, Says Suresh Prabhu-headed Advisory Group

The advisory group suggested reforms to open up the coal sector and to increase production, along with suggestions to make it easier to move coal to required industries.

Dec 23, 2014

Russia Could Get 'Junk' Status in 2015, Says Former Minister; China Willing To Aid Falling Ruble

The Russian government's slow stance on the growing economic instability could earn it the "junk" status in 2015, former finance minister Alexei Kudrin said on Monday.

Dec 23, 2014

Xiaomi Redmi 1S Successor Release Date, Specs and Price Details Leaked

Xiaomi Raises $1 billion in Fresh Fundraising; Firm Now Valued at $45 Billion

Xiaomi, the third-largest smartphone maker in the world and the largest in China, has reportedly managed to raise $1 billion in its latest round of funding, which now values the company at $45 billion.

Dec 22, 2014

SpiceJet To See Ajay Singh Again? Shares Rally 20%

SpiceJet's co-founder is said to be interested to buy back the airline and to infuse much needed capital in association with financial majors and PE funds ₹

Dec 22, 2014

India Inc Raises Record $19bn in 2014; India's External Debt Crosses $500bn

India Inc forex debt issuance finds acceptance in investor community, a record $19bn raised in 2014.

Dec 22, 2014

India, Russia Close in on Kamov-226T Helicopter Deal

India and Russia are close to finalizing the Kamov-226T helicopter deal, which would see India manufacture up to 400 helicopters a year, for local and export markets

Dec 22, 2014

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'No Onion Month': Viral WhatsApp forward urges people to stop using onions in December

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