Finance

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Oil Price Crash: What Does a $12 Billion Windfall Mean for Jaitley's Budget?

Finance Minister Arun Jaitley has his work cut out with the crash in oil price by almost half; seeks to balance fiscal deficit better

Dec 13, 2014

Raghuram Rajan speaks during a news conference on the World Economy Outlook in Singapore September 14, 2006.

Rajan seeks 'Make in India' to become 'Primarily for India'

Raghuram Rajan cautioned the government on its Make in India strategy, wants to harness regional and domestic growth given the circumstances.

Dec 13, 2014

Tea Exports to Russia a Losing Proposition

Russia, the world's largest importer of tea has come under pressure from the fall in ruble, leading to margins coming under severe pressure for Indian exporters.

Dec 11, 2014

Jet Airways Gains From SpiceJet's Problems, Shares Rise 80% in a Fortnight

Jet Airways sees shares jump 80% on the back of continued owes faced by SpiceJet and lower fuel bill.

Dec 11, 2014

India to Cut Stake in State-run Banks, Raise $26 bn

State-run banks would see government stake coming down to 52%; banks to use funds for capital infusion to meet newer international banking regulations ₹

Dec 11, 2014

SpiceJet Offers Tickets at 50% Discount to That of Rivals, Refunds 55,000 Cancellations

Budget airline SpiceJet offers to fly travelers at up to 50% discount to its peers's fares.

Dec 11, 2014

Finance Minister and RBI Governor Raghuram Rajan

RBI Governor Comes Under Pressure from MPs to Cut Rates

MPs cutting across political parties seek to increase pressure on Raghuram Rajan to cut rates to improve credit off-take and spur economic growth

Dec 11, 2014

Rising Demand will Push Indian Economy towards 5-6% Growth in 2015: Moody's

In a report titled 2015 Outlook-Global Credit Conditions, ratings agency Moody's says India is likely to expand 5-6% in 2015.

Dec 10, 2014

Citi Group Nears Japan Exit; SMBC to Buy Bank's Retail Unit

Citi Group, the third-largest US bank, has reportedly entered into advanced talks with SMBC, a unit of Sumitomo Mitsui Financial Group, to sell its retail banking unit in Japan as the sector has been grappling with losses.

Dec 10, 2014

Sun Pharma Could Retire Brand Ranbaxy, Retain Sub-brands Like Volini And Revital

Post merger, Sun Pharma is expected to retire Ranbaxy, emerge as the world's fifth largest generic drug company.

Dec 10, 2014

Foxconn Swoops Down on Nokia's Chennai Plant; Likely to Make Micromax Phones

Foxconn and Lava said to be eyeing Nokia's Chennai plant and efforts are on to untangle the tax dispute holding the plant hostage.

Dec 10, 2014

First-Time Home Buyers Can Now Avail Loans With 3% Down Payment

Buying a home just got easier for potential first timers. Fannie Mae and Freddie Mac, the two mortgage lending giants announced on Monday that they will be backing mortgages with just 3% down payment.

Dec 9, 2014

Gold Trades Higher; International Rate Holds Above $1,200

Gold managed to trade above $1,200 per ounce in the face of continued strength by the US$ and oil price dropping below $66 per barrel. ₹

Dec 9, 2014

Merck and Cubist to Take on Superbugs with $8.4 Billion Acquisition Deal

Merck & Co., the famous pharmaceutical firm, agreed to purchase antibiotics manufacturing firm Cubist Pharmaceuticals Inc for a deal worth $8.4 billion on Monday.

Dec 9, 2014