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Finance

Supreme Court of India

SC Allows RBI to Initiate Action against Sahara over Diversion of Funds

The SC came down heavily on Sahara Group for alleged diversion of funds to repay investors, in direct contravention of an RBI order. Feb 25, 2015
Indian Railways

Budget 2015: Planned Rail Investments To Receive Boost from Low Oil Prices

The Rail Budget could see considerable increase in fund allocation helped by the fall in oil prices Feb 25, 2015
chinese-100-yuan-banknotes-are-seen-in-this-file-picture-illustration-taken-in-beijing-may-7-2013

Samsung Electronics, China Trade Deal Give Boost to South Korea's Yuan Hub Ambitions

South Korea became the third country in the world to begin direct trading of the yuan for a local currency in December. Feb 25, 2015
Vijay Mallya

SBI-led Consortium Initiates Kingfisher House Possession

A State Bank of India-led consortium of 17 banks has initiated the process of taking over physical possession of the famed Kingfisher House, valued at ₹100 crore. Feb 25, 2015
Y V Reddy

Modi Government Accepts 14th Finance Commission Recommendations

The Commission has recommended to the Centre to allocate 42% of the divisible pool to states, including taxes and grants Feb 24, 2015
Turkey's Finance Minister Mehmet Simsek

Turkey Keen to Join 'Make In India' Programme; Invites Indian Investments

Turkish Finance Minister has offered Indian industries better access to European and Central Asian markets. Feb 24, 2015
SpiceJet

SpiceJet Offers Holi Sale; Fares Start From ₹1,699

SpiceJet announced its Holi discount, with fares starting at ₹1,699 on domestic routes and ₹3,799 on international routes Feb 24, 2015
Indian Railways

Budget 2015: Rail Budget Could See Slew Of Environment-Friendly Initiatives

The 2015 Rail Budget to be presented by Railway Minister Suresh Prabhu could provide for solar-powered coaches, platforms and stations Feb 24, 2015
Indian Economy

S&P: Low Per Capita Income, High Fiscal Deficit 'Constraints' in India's Rating Upgrade

In a report released on Monday, the ratings agency said that the slow pace of fiscal consolidation will mean an upgrade is 3 to 5 years away Feb 23, 2015
SpiceJet Airlines

Ajay Singh to Infuse Second Tranche of ₹400 Crore in SpiceJet by Wednesday

SpiceJet's investment from Ajay Singh will funding of ₹400 crore by Wednesday as part of its second tranche Feb 23, 2015
Raghuram Rajan

Budget 2015: RBI Governor Rajan Supports Strong Action Against Black Money Holders, Tax Evaders

The RBI Governor indicated his preference to go after black money holders and hold them to account Feb 21, 2015
Former RBI Governor Bimal Jalan

Budget 2015: Relax Fiscal Deficit Target, Go For Growth, Says Bimal Jalan

Former RBI Governor Bimal Jalan has asked the government to stop focussing entirely on containing fiscal deficit and allow it to expand a bit, to spur growth Feb 21, 2015
Sukhoi T-50

Aero India 2015: Russia Hopes to Sign Fifth-Gen Fighter Aircraft Deal with India in 2015

Russia has expressed confidence that it hopes to finalise the FGFA deal to be concluded in 2015. Feb 20, 2015
Airbus production facility

Aero India 2015: Airbus in Talks with Indian Firms to Manufacture Helicopters Locally

Airbus's helicopter division has opened talks with major Indian conglomerates to partner in building Indian Armed Forces' next generation light utility and medium lift helicopters Feb 20, 2015
An Ilyushin-76 plane modified with the Israeli Phalcon strategic airborne radar system

India-Israel Security Ties Are Now in the Open, Says Visiting Israeli Defence Minister

Indo-Israeli strategic partnership is more mature and more visible, remarked visiting Israeli Defence Minister in New Delhi Feb 20, 2015
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