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Jan Dhan Yojana Beneficiaries Face ATM Access Shortage; Cap On Transactions Risks Scheme

The Government's Pradhan Mantri Jan Dhan Yojana (PMJDY) scheme faces a severe shortage of ATMs for the beneficiaries. Cap on ATM transactions hinders adoption.

Dec 15, 2014

India Records Wholesale Price Inflation at Zero; Lowest in 5 Years

For October and November, the Wholesale Price Index (WPI)-based inflation was recorded at 1.77% and 7.52% respectively.

Dec 15, 2014

SpiceJet Warns Employees of Disruption to Service, if DGCA Meeting Fails

Cash-strapped SpiceJet could terminate operations if its COO's meeting with the airline regulator does not go in its favour

Dec 15, 2014

Stake Sale in PSUs to Gain Momentum in Next Three Months

The Government of India is engaged in pushing through as many stake sales as possible before the fiscal year ends.

Dec 15, 2014

SpiceJet Refused Refuel at Madurai Airport, Madurai-Hyderabad Flight Delayed by 4 Hours

Budget airline SpiceJet faced fresh trouble last Saturday when a private petroleum company refused refueling facility over payment issues at Madurai airport, leading to its Madurai-Hyderabad flight delayed by four hours.

Dec 15, 2014

SpiceJet to Receive funds from Promoter, Says Airline to DGCA

Promoter of SpiceJet, the Sun Group, will infuse funds into the financially struggling airline

Dec 13, 2014

best-relations-with-neighbours-priority-of-defence-arun-jaitley

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

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

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

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

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