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Finance

Raghuram Rajan

No Flip-Flops on Interest Rate, says Rajan; Will Wait for Inflation to Stabilise

Raghuram Rajan reiterated his stand on the interest rate cut, economic growth, inflation and Uber. Dec 27, 2014
Bill Gates

And The Richest People of 2014 Are… (PHOTOS)

The year 2014 has perhaps seen the highest number of people joining the "Billionaire's Club". Dec 27, 2014
No-frills airline SpiceJet

SpiceJet Eases 6-months Notice Period, Will let Pilots Disembark on 31 December

Even as it awaits recapitalisation, SpiceJet has informed 50 of its pilots who have resigned, about their last working day as 31 December 2014. Dec 27, 2014
SpiceJet

SpiceJet's Recapitalisation could See ₹1,500 Crore Infusion; New Investors Seek ECB Route

The Ajay Singh led recapitalisation move for the beleagured airline could see a sum of ₹1,500 crore invested in the airline, with ₹500-₹600 crore through ECB mechanism Dec 27, 2014
1 Indian Rupee

Govt to Issue ₹1 Currency Note After Gap of Two Decades

The 1 Rupee note to start being printed from 2015, move aims to mitigate coin shortage ₹ Dec 26, 2014
arun-jaitley-stresses-on-need-for-meaningful-employment-at-second-edition-of-services-conclave

Jaitley to Meet State FMs and Stakeholders to Discuss FY 2015/16 Budget

Jaitley will meet the state finance ministers and representatives of other stakeholders to help formulate the forthcoming budget in order to address economic fundamentals Dec 26, 2014
Crude Oil Import

India Hikes Import Duty on Crude, Refined Oil by 5%

The Finance Ministry has increased import duties by 5% on crude and edible oil, in a bid to protect local producers Dec 26, 2014
Direct Benefit Transfer on LPG

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
No-frills airline SpiceJet

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
SpiceJet Airlines

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
Indian Economy

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
Tax Collection

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
Gold

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 Cement

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
Indian Healthcare

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
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