Business

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,....

Arun Jaitley’s top quotes from Budget 2016 speech

New Delhi: Finance Minister Arun Jaitley on Monday presented Union Budget 2016 in the Lok Sabha amid concerns over stagnating growth, the state of government finances and stuttering pace of....

Has the Modi govt walked the talk? Experts speak about Budget 2016

New Delhi: Is India really growing at 7.6 %? Many people think it’s a Jumla - an empty promise. Let’s take a look at what experts feel. Experts feel that....

Budget 2016: Mid-Term Full overview of Narendra Modi Government

New Delhi: Enough indications are coming up to suggest that the Union Budget for the fiscal year 2016-17 will primarily focus on stimulating growth without deviating too much from the fiscal....

UltraTech buys JP cement plants for Rs 16,500 crore

Mumbai: Aditya Birla-led UltraTech Cement on Sunday announced acquisition of Jaiprakash Associates Ltd's cement plants, with total capacity of 22.4 million tons per annum (mtpa), for Rs 16,500 crore (about....

Arun Jaitley to present Budget amid worries over country’s stagnating growth rate

New Delhi: Finance Minister Arun Jaitley is set to present India's national budget for the next fiscal on Monday amid worries over the country's stagnating growth rate, government finances and....

Dubai-based shipping firm starts coastal service from Kochi

Kochi: Sima Marine India Pvt Ltd, a subsidiary of Dubai-based Simatech Shipping, launched coastal container shipping service from Kochi connecting Mangalore in Karnataka, Goa and Mundra in Gujarat. Simatech Shipping....

FTV launches F Salon in India

New Delhi: International fashion and lifestyle broadcasting television channel FTV has ventured into beauty and wellness segment with the launch of its flagship salon titled F Salon here on Saturday.....

900 defence-related companies to participate in DefExpo 2016

Panaji: Over 900 defence-related companies are expected to participate in the DefExpo 2016, Defence Minister Manohar Parrikar said on Saturday, adding that a final decision on shifting the international B2B....

Rajasthan, private sector sign MOUs worth over Rs 11,000 crore

Jaipur: The Rajasthan government on Saturday signed 51 MOUs with the private sector for projects worth over Rs 11,500 crore, an official statement said. These MoUs, which were signed in....

Reliance Jio launch to intensify competition, consolidate spectrum

New Delhi: As Reliance Jio prepares for the launch of 4G telecom services in India, analysts feel the volumes and margins of incumbents will come under stress, even as the....

Urgent need of action to boost confidence about the recovery: IMF chief

Beijing: China is not the only economy in need of structural reforms as they are fundamental for the success of every G20 economy, IMF Managing Director Christine Lagarde said on....

Economic Survey pegs 7-7.5 % growth for current fiscal

New Delhi: The Economic Survey for 2015-16 tabled in parliament on Friday has pegged India's growth for the current fiscal in the 7-7.5 percent range.   Reviewing the major developments....

Railways to re-develop 400 stations under PPP mode

New Delhi: About 400 railway stations across the country would be re-developed through the public-private partnership (PPP) mode, Railway Minister Suresh Prabhu announced on Thursday while presenting his budget for....

Rupee weakened by 15 paise, touches 30-month closing low

Mumbai: The Indian rupee weakened by 15 paise on Thursday to touch its new 30-month closing low. The rupee closed at 68.71 against the US dollar at a level which....

BSE dented with the Rail Budget 2016

Mumbai: Disappointment over the railway budget, coupled with negative Asian indices and derivatives expiry, subdued Indian equity markets on Thursday.   This led to the barometer 30-scrip sensitive index (Sensex)....

Jet Airways, Korean Air partner to increase connectivity

New Delhi: Leading Indian flyer Jet Airways on Thursday announced codeshare and reciprocal frequent flyer programme partnership with Korean Air for increasing connectivity further. "The codeshare cooperation with Korean Air....

Counter tickets can be cancelled through cellphone: Prabhu

New Delhi: The Indian Railways is launching a procedure enabling commuters who had booked tickets from Passenger Reservation counters to get them cancelled through their cell phones.   Currently people....

Railways to partner with Karnataka for Bengaluru suburban system

Bengaluru: The railways will partner with the Karnataka government for developing suburban services in Bengaluru, Railway Minister Suresh Prabhu announced on Thursday. "Bengaluru, the technology hub of the country, warrants....

Rail budget shows the government’s commitment to welfare of poor: PM

New Delhi: Prime Minister Narendra Modi on Thursday said that the rail budget lays emphasis on investment and information technology and shows the government's commitment to welfare of poorer sections....

Ahead of Rail Budget, Indian equities open flat

Mumbai: Ahead of the presentation of the railway budget for the next fiscal year, key Indian equity indices opened flat on Thursday, with additional caution due to the expiry of....

India’s largest power generator NTPC garners over Rs.5,000 crore from stake sale

New Delhi: The government on Wednesday raised around Rs.5,030 crore from sale of 5 percent stake in India's largest power generator NTPC, although retail participation was lukewarm at a time....