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Finance

Indian Prime Minister Narendra Modi

World's Top Sovereign Wealth Funds Listen to Modi's Reform Plans

He was addressing 20 top global investors who manage assets worth about $11 trillion globally Feb 4, 2015
airasia-india-venture-to-break-even-in-december-later-than-they-expected

AirAsia India To Break-Even by May/June: CEO

AirAsia India is expected to break-even by May/June. Feb 3, 2015
ONGC

Modi Gets Cracking on State-Owned Institutions to Spend $19bn Cash Hoard

The Modi government has gone after state-owned entities, sitting on piles of cash, to deploy the asset into capital expenditure and to increase overseas investments. Feb 3, 2015
Dr.Raghuram Rajan, RBI Director

RBI Holds Rate; Says Tracking Govt Fiscal Consolidation and Inflation

The RBI has decided to hold rates steady, at least until the Fiscal Budget to be presented on Feb 28. Instead, it decided to lop off 50 basis points on SLR, which frees us additional funds for banks to increase lending. Feb 3, 2015
Chris Urmson, director of Google's self-driving car project

Google Developing Uber Competitor, to Enter Ride-Sharing Business Soon

Google emerges as the most significant threat to Uber. Feb 3, 2015
Mukesh Ambani

Reliance, Bharti, Aditya Birla Apply for India's Payments Bank Licence

Some of India's largest business houses and a few obscure names have applied for the payments bank licence with the RBI. Feb 3, 2015
Narendra Modi

Budget 2015: Prime Minister's Office Solicits Inputs from Economists

The Prime Minister's Principal Secretary has reached out to economists and help define and design the upcoming Budget Feb 3, 2015
ONGC

Govt to Opt for More PSU Stake Sale in Feb and March, Hopes to Raise ₹43,425 crore to Meet Disinvestment Target

The government is expected to see ONGC, IOC and NHPC share being sold in the next two months to help fund the fiscal deficit. Jan 31, 2015
Oil storage tanks

India to Commission 5-mt Underground Oil Storage Reserves by October

The Indian Government is expected to commission a 5 million tonne underground storage facility. Jan 31, 2015
Growth

Fiscal Deficit Breaches Full-Year Target in December 2014

The fiscal deficit target was breached in end of December 2014. The government hopes that the disinvestment and mobile spectrum auction would provide the necessary funds to meet the 4.1% deficit target Jan 31, 2015
Indian Worker

Budget 2015: Indian Economy to Record 5.5% Growth in 2015, Says Report

A research report sees the Indian economy expanding by 5.5% in 2015, owing to the fall in crude oil prices and interest rates. Jan 30, 2015
Coal being unloaded

Coal India OFS Scrapes Through, Oversubscribed By 1.04 Times Minutes Before Closure

Retain investor segment saw just 42.5% subscription, while non-retail portion was oversubscribed by 1.2 times. Jan 30, 2015
all-efforts-on-to-make-india-open-for-business-jayant-sinha

India Poised to Become $5 Trillion Economy by 2025: Jaitley Deputy

It's a great time to invest in India, according to him. Jan 30, 2015
HCL Technologies

HCL Posts 28% Increase in Profits, Issues 1:1 Bonus Share; Shares Hit 52-week High

HCL Technologies saw employee strength cross one lakh mark; and declared interim dividend of ₹8 per share Jan 30, 2015
No-frills airline SpiceJet

SpiceJet Approves Transfer Of Maran's Entire Stake of 58.46% to Ajay Singh; Marans Out of Company's Board

Kalanithi Maran is to be allotted 37.5 lakh non-convertible cumulative redeemable preference shares Jan 30, 2015
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