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DRDO

DRDO Secretary Says Rustum2 UAV to be Ready in a Year

The Rustum2 UAV for the Indian Defense forces to be ready in a year, says DRDO Secratary Dec 24, 2014
Travis Kalanick

Uber CEO Travis Kalanick Indicted in South Korea for Operating Without Licences

Travis Kalanick, the CEO of Uber, the controversial ride-sharing service, and its South Korean unit were indicted by the government for violating transport laws in the country. 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
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
Suresh Prabhu

Open Up Coal Sector To Enhance Production, Says Suresh Prabhu-headed Advisory Group

The advisory group suggested reforms to open up the coal sector and to increase production, along with suggestions to make it easier to move coal to required industries. Dec 23, 2014
Russia

Russia Could Get 'Junk' Status in 2015, Says Former Minister; China Willing To Aid Falling Ruble

The Russian government's slow stance on the growing economic instability could earn it the "junk" status in 2015, former finance minister Alexei Kudrin said on Monday. Dec 23, 2014
US$

India Inc Raises Record $19bn in 2014; India's External Debt Crosses $500bn

India Inc forex debt issuance finds acceptance in investor community, a record $19bn raised in 2014. Dec 22, 2014
SpiceJet

SpiceJet To See Ajay Singh Again? Shares Rally 20%

SpiceJet's co-founder is said to be interested to buy back the airline and to infuse much needed capital in association with financial majors and PE funds ₹ Dec 22, 2014
oil prices

Oil Prices Spike to $63, Investors Confident of Prices Staying at $60 Level

Brent crude prices increased 2 percent to $63 on Monday as investors believed that prices would remain around $60 for the rest of the year. News of the spike comes right after Saudi Arabia defended its decision to not impose any cuts on oil production and said they would stick to it. Dec 22, 2014
Kamov Helicopter

India, Russia Close in on Kamov-226T Helicopter Deal

India and Russia are close to finalizing the Kamov-226T helicopter deal, which would see India manufacture up to 400 helicopters a year, for local and export markets Dec 22, 2014
China Stocks

China Investigating Stock Market Manipulation

China's top authorities are reportedly investigating a possible price manipulation in the stock market. Dec 22, 2014
ONGC

Centre to Raise ₹14,900 crore Via 5% Stake Sale in ONGC; Retail Allocation at 20%

The Central government is all set to divest 5% of its holdings in the oil and petroleum explorer, ONGC, helping raise ₹14,900 crore. Dec 22, 2014
Staples

Staples Data Breach Impacts 115 Stores and 1.16 Million Customers

Staples Inc announced that more than 1.16 million customers could be affected in the massive data breach that exposed credit and debit card data of shoppers who used their cards in 115 stores around America from August 10 to September 16 2014. Dec 20, 2014
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