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Gold bars

Gold Imports Fall to 39 Tonnes in Dec; Exporters Seek Duty Drawbacks in Budget 2015

Post scrapping the 80:20 gold import/export scheme, gold import for December 2014 sharply to 39 tonnes. Jan 8, 2015
China Flag

China Catches 680 Fugitive Criminals Through Anti-Corruption Campaign

The Chinese government announced on Thursday that it managed to nab 680 people accused of committing economic crimes and had fled the country with their ill-gotten money Jan 8, 2015
Tata Consultancy Services

Sacked Employees to File Lawsuit against TCS

Sacked employees of TCS, backed by the Forum for IT Employees are contemplating legal recourse in a local court of law. Jan 8, 2015
SpiceJet

SpiceJet Misses December 2014 Salary Payment Deadline

Sources from within the airline reaffirmed that no disruptions are expected for the month. Jan 8, 2015
Mahinda Rajapaksa

Elections 2015: Is Sri Lanka Ready for Peace and 'Inclusive' Democracy?

Even as Rajapaksa and Sirisena fight out the elections, the promise of lasting peace appears like an illusion. Jan 7, 2015
Labourers work during the early morning at the construction site of a road in Mumbai January 2, 2015.

Budget 2015/16 Must Induce People To Spend - India Inc To Jaitley

India Inc asks for tax rationalization and gold-backed schemes to help monetize funds for retail and public spending. Jan 7, 2015
Kingfisher and UB Group chairman Vijay Mallya

Banking Consortium Slaps Vijay Mallya with Contempt Application

The new year brings a new set of trouble for Vijay Mallya with the banking consortium alleging violation on the undertaking given to the DRT. Jan 7, 2015
Infosys founder Narayana Murthy

Unionization Of IT Employees? A Resounding 'No!'

The move to unionize IT staff is shortsighted and would steal the industry of its ability to self-regulate and adapt to economic and technological realities. Jan 6, 2015
Tata Consultancy Services

TCS Jobcuts and Unionisation Drive: Existential Threat to India's Knowledge-Driven IT Industry?

Trade unions, until recently considered a taboo in the IT industry, are seeking to ingrain themselves with employees facing the axe. Jan 6, 2015
Modi

Dholera, Gujrat To Kick-Off India's Ambitious Smart Cities Infra Project, Japanese Investment at $4.5bn

The 2,700 km DMIC project is finally taking shape, with the Japanese helping with technology, consultancy services and funding Jan 5, 2015
Coal being unloaded

Coal Unions Plan 'Militant' Five-day Strike From Tuesday; Power Cuts Possible

CIL has increased coal rake movement to 225 a day from 207 in a bid to increase coal stocks with power generation units. Jan 5, 2015
Vistara CEO

Jet Airways Eyes SpiceJet's Bombardier Q400 Fleet; Vistara To Take Delivery of 3rd A-320

The fall in fuel prices bodes well for the airline industry which has struggled to turn in a profit. Fleet expansion and optimization could help improve operating costs and profits. Jan 5, 2015
Tata Consultancy Services

IT Workers To Unionise? TCS Retrenchment 'Limited' to 3,500 Employees

IT workers with eight-years of work experience are allegedly marked for retrenchment to make way for younger colleagues. Jan 5, 2015
finance-minister-jaitley-rejects-raghuram-rajans-criticism-of-make-in-india

Banking Sector Needs Reforms, Says Jaitley

He called for 'conceiving' several reforms to the banking sector and 'the need for greater autonomy' being granted to banks. Jan 3, 2015
Arvind Panagariya

Arvind Panagariya -- Meet the Man Who Will Implement Modi's Plans for Economy

Jagdish Bhagwati favored his protege, Panagariya, to become the chief economist to Narendra Modi, in April. Jan 3, 2015
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