Finance

Xiaomi Confirms $1.1 Billion Funding and $45 Billion Valuation

Xiaomi, the largest smartphone maker of China, confirmed on Monday that it has managed to raise $1.1 billion in its latest round of funding.

Dec 30, 2014

Shake Shack Files for IPO; Will Go Public to Raise $100 Million

The burger giant reportedly filed for an Initial Public Offering with the US Securities and Exchange Commission on Monday.

Dec 30, 2014

A farm worker next to the Tata Motor's mothballed plant in West Bengal

Modi's Land Acquisition Reforms are Industry-Friendly but Farmers Feel Ripped Off

The ambitious agenda belies complex and worrisome socio-economic issues.

Dec 30, 2014

People travelling in a tractor in rural India

Over 10 Crore Bank Accounts Opened under Jan Dhan Yojana a Month Before Deadline

The Pradhan Mantri Jan Dhan Yojana scheme has seen 10 crore account opened a month before the deadline

Dec 29, 2014

No Pressure on RBI To Cut Rates, Insists Jaitley

The finance minister has denied pressurizing the RBI Governor to cut rates, after his reference to 'high cost of capital' sent the markets soaring in the expectation of a rate cut.

Dec 29, 2014

Commerce and Industry Minister Nirmala Sitharaman on the right

FDI rises 25% in April to October to $17.35 bn, Says Nirmala Sitharaman

The nation has witnessed foreign direct investment raise by 25%

Dec 29, 2014

Allianz Jinxed? After MH370 and MH317, Company Confirms It is Lead Insurer to Missing AirAsia Flight; Could Take $100 mn Hit in Claims

Allianz SE, the German multinational financial services company, confirmed on Monday that it was the lead re-insurer for the AirAsia flight that went missing on Sunday. Agencies believe the payout could cost more than $100 million.

Dec 29, 2014

Sources: Modi Govt Eyes Surplus Land of PSUs for New Infra, Manufacturing Projects

Extra land held by state-run companies could be used for new infra projects, as per a plan of the Narendra Modi-led government to help speed up progress in land acquisition.

Dec 29, 2014

Vijay Mallya's Kingfisher Airlines Set to Lose Flying Licence on 31 December

Mallya is all set to be slapped with a wilful defaulter tag by UBI, after the Calcutta High Court rejected the bank's action on technical grounds; also Kingfisher Airlines would see its Air Operator Permit expiring on 31 December. ₹

Dec 29, 2014

RBI Governor Raghuram Rajan Questions Govt's Farm Debt Waiver Schemes

Rajan said that studies show such measures to be ineffective, adding that debt waivers effectively dry up formal credit facilities post waiver to the farmers.

Dec 27, 2014

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

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

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'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

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

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Finance

Xiaomi Confirms $1.1 Billion Funding and $45 Billion Valuation

Shake Shack Files for IPO; Will Go Public to Raise $100 Million

Modi's Land Acquisition Reforms are Industry-Friendly but Farmers Feel Ripped Off

Over 10 Crore Bank Accounts Opened under Jan Dhan Yojana a Month Before Deadline

No Pressure on RBI To Cut Rates, Insists Jaitley

FDI rises 25% in April to October to $17.35 bn, Says Nirmala Sitharaman

Allianz Jinxed? After MH370 and MH317, Company Confirms It is Lead Insurer to Missing AirAsia Flight; Could Take $100 mn Hit in Claims

Sources: Modi Govt Eyes Surplus Land of PSUs for New Infra, Manufacturing Projects

Vijay Mallya's Kingfisher Airlines Set to Lose Flying Licence on 31 December

RBI Governor Raghuram Rajan Questions Govt's Farm Debt Waiver Schemes

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

And The Richest People of 2014 Are… (PHOTOS)

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

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

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

Time for India to follow suit? France, Germany, Netherlands, US banned use of EVMs [here's why]

Dhanush's Captain Miller has no buyers in Telugu states? Here's why

Deepika Padukone is a sight to behold in velvet gown; attends Academy Museum Gala with Selena Gomez, Dua Lip [see pics]