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Finance

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
Dr.Raghuram Rajan, RBI Director

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
Indian laborers at a construction site

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 valuation quadruples in a year

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
BSE Sensex

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
Arun Jaitley

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 CEO

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
Piyush Goyal

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
SpiceJet Airlines

Ajay Singh's SpiceJet Rescue Plan Expected to be Finalised by January-end

The beleaguered airline could see a new management on board by the end of the month, if the necessary approvals are received. Jan 10, 2015
finance-minister-jaitley-rejects-raghuram-rajans-criticism-of-make-in-india

Jaitley: Major PSU Disinvestment before March 31, Govt Trying Hard To Limit Fiscal Deficit to 4.1%

Jaitley expresses hope that 2015 would be a much better year for the Indian economy, even as the government tries to deal with 'legacy of the past'. Jan 10, 2015
Arun Jaitley and Raghuram Rajan at the Indira Gandhi Institute of Development Research

FM Jaitley, RBI Governor Rajan Stand United ahead of Budget 2015

Prime Minister Narendra Modi's government is expected to announce major reforms during the budget session. Jan 10, 2015
Sahara Subrata Roy

SC Allows Sahara Group to Raise $1.05 Billion Loan to Secure Bail for Subrata Roy

The apex court allowed the scam-tainted Sahara Group raise $1.05bn in its bid to raise 10,000 crore bail amount, if the central bank approves the move. Jan 9, 2015
talks-still-on-eager-to-keep-alliance-intact-rajiv-pratap-rudy-on-bjp-shiv-sena-alliance

Govt to Introduce National Skill Development Policy to Train 50 Crore People by 2020: Rudy

In a bid to tackle the problem of shortage of skilled workers, the government plans to introduce necessary skill development programmes. Jan 9, 2015
infosys-posts-higher-than-expected-profit-keeps-annual-sales-growth-outlook

Infosys Beats Market Expectations, Net Profit Up 13% in Q3; Employees to Get 100% Bonus Payout

Infosys has maintained its annual sales growth guidance at 7-9 per cent. Jan 9, 2015
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