Business

IMF to separately identify Chinese yuan in survey of COFER

Washington: The International Monetary Fund (IMF) announced it will separately identify the Chinese yuan in its quarterly survey of the composition of foreign exchange reserves (COFER) from October 1. Currently,....

Big win for mobile consumers: SC refuses to stay Delhi HC order on compensation

  New Delhi: With Delhi High Court’s landmark judgement, telecom companies would be required to pay Re 1 for every call drop, with Rs 3 being the maximum compensation which....

China tops the world in digital payment systems

Beijing: China has the highest adoption rate in the world for technology-enabled payment systems, the media reported on Thursday. In a survey of 13,000 respondents in 26 countries, 86 percent....

China’s marine output increase by 7 percent 2015

Beijing: China's marine economy generated 6 trillion yuan ($989 billion) in 2015, 7 percent more than in 2014, official data showed on Thursday. The sum accounted for about 9.6 percent....

GST network to be implemented soon across India

Bengaluru: As the world's largest open source project, the Goods and Services Taxes Network (GSTN) will be ready soon for implementation across the country, a top official said on Wednesday.....

Mukesh Ambani tops 84 Indian billionaires; Bill Gates world’s richest

Washington: Reliance Industries chairman Mukesh Ambani again topped 84 Indian billionaires in Forbes 2016 list of the world's richest people once again headed by Bill Gates with a net worth....

US stocks open higher as oil continues to recover

New York: US stocks opened higher on Tuesday, the first trading day of March, as oil continued to recover and investors expected a further easing of monetary policies due to....

Jewellers oppose sales tax; want reversal of hike

New Delhi: A community of jewellers in the country decided to go on an indefinite strike from Tuesday in protest over the re-introduction of sales tax on gold jewellery after....

Moody’s, Fitch Ratings terms India’s Budget 2016 as credit positive

Chennai: Global credit rating agencies -- Moody's Investors Service (Moody's) and Fitch Ratings -- termed India's fiscal budget for 2016-17 as credit positive for sovereign rating, but pointed out certain....

Who is happy and who is sad post Budget 2016?

New Delhi: Finance Minister Arun Jaitley on Monday didn’t give relief to everyone and as it’s said you can’t make everyone happy – Jaitley couldn’t put a smile on everyone’s....

What’s cheap and what’s expensive post Budget 2016?

New Delhi: Decoding the Union Budget 2016-17 for the common man, we bring you a list of things that will be more expensive and a few things that will cost....

Finance minister Arun Jaitley’s 9 pillars to transform India

New Delhi: While addressing the Union Budget2016-17 in the Parliament Finance Minister Arun Jaitley on Monday listed out 'nine pillars' including tax reforms, education and job creation, social sector, agriculture,....