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Blackmoney India to hold talks with tax havens

Blackmoney: India to hold talks with tax havens

NEW DELHI: Indian tax authorities and investigators probing black money cases have decided to hold one-to-one meetings with their overseas counterparts based in tax haven nations and other countries to… Read more »

Exports decline 14% in Apr; 5th straight month of contraction

Exports decline 14% in Apr; 5th straight month of contraction

NEW DELHI: Raising fresh concerns about economic growth, India’s exports contracted by about 14 per cent in April to USD 22 billion due to a sharp dip in petroleum, gems… Read more »

India, China agree on task force to look into market access

India, China agree on task force to look into market access

BEIJING: India and China have agreed to set up high power task force to address New Delhi’s concerns over increasing trade deficit and lack of access to its pharmaceuticals, IT… Read more »

ICICI Bank to expand China presence

ICICI Bank to expand China presence

SHANGHAI: India’s largest private sector lender ICICI Bank is set to expand its Chinese presence with the opening of a branch this weekend in Shanghai, China’s biggest city and a… Read more »

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China’s military budget over 3 times that of India

WASHINGTON: China has significantly increased its defense budget which is now more than three times that of India, the Pentagon has said. China’s official defense budget last year was USD… Read more »

china rate

China cuts interest rates to revive economy

BEIJING: In the latest effort to revive its sluggish economy, China has cut interest rates by 25 basis points, the third intervention by its central bank in six months amid… Read more »

manmohansingh

Manmohan Singh speaks for RBI’s autonomy

NEW DELHI: The RBI and the Finance Ministry need to work in harmony, former Prime Minister Manmohan Singh said here, even as he stressed on the need to keep the… Read more »

student

Education tech start-ups gaining investor attention

MUMBAI: Education technology start-ups are seeing a spate of investor activities over the past few months with top venture capital firms validating their growth potential. Since April, at least five… Read more »

indian_it_office_reuters

IoT, cloud tech to bring next phase of growth for Indian BPO

NEW DELHI: Business process management firm WNS sees more business opportunities in evolving technologies like Internet of Things (IoT) and cloud computing, saying these would bring next phase of growth… Read more »

Sanjay Gupta

Sanjay Gupta to be dean of Michigan varsity

WASHINGTON: An Indian-origin expert in accountancy has been recommended to become the new dean of the business school of a leading US university after a national search. Sanjay Gupta is… Read more »

Mahanadi basin

ONGC to explore Mahanadi basin for oil

BHUBANESWAR: As part of its efforts to ensure energy security, the Centre has decided to undertake fresh appraisal over 40,000 line km including East Indian state Odisha’s Mahanadi basin to… Read more »

TIME cover & interview with Modi this week

Bullish on digital drive, EMC to double India sales by FY18

LAS VEGAS: Bullish on Modi government’s Digital India and smart cities initiatives, storage solutions provider EMC on Thursday said it plans to double its India sales by 2017-18. “He (Modi)… Read more »

IMF welcomes passage of GST by Indian parliament

IMF welcomes passage of GST by Indian parliament

SINGAPORE: International Monetary Fund (IMF) today welcomed passage of the long-pending Goods and Services Tax (GST) by the Indian parliament, saying it will lead to long-term sustainable growth in the… Read more »

India bright spot in Asia

India bright spot in Asia: IMF

SINGAPORE: Although India’s near-term growth outlook has improved, its medium-term prospects remain constrained by longstanding structural weakness, the IMF today said, describing the country as a new bright spot in… Read more »

ArcelorMittal’s net loss widens to $728mn, cuts capex to $3bn

ArcelorMittal’s net loss widens to $728mn, cuts capex to $3bn

NEW YORK: World’s largest steel company ArcelorMittal on Thursday reported a net loss of USD 728 million for the first quarter ended March 31 on account of currency headwinds as… Read more »

AP generated maximum power using waste

AP generated maximum power using waste

NEW DELHI: Andhra Pradesh has taken the lead in generating energy through waste, as 16 states created a total of over 4100 million units of power using waste material, the… Read more »

Rafale deal

Rafale deal: India, France set up teams to work out details

NEW DELHI: India and France today decided to set up teams to work out details of the acquisition of 36 Rafale fighter jets in fly-away condition in a “time bound… Read more »

GST rate will be much more diluted than 2

GST rate will be much more diluted than 27%: Jaitley

NEW DELHI: The GST rate will be “much more diluted” than the speculated 27 per cent and the final rate will be worked out by the GST Council, Finance Minister… Read more »

Coal scam

Coal scam: Naveen Jindal, Koda, 13 others summoned as accused

NEW DELHI: Congress leader and industrialist Naveen Jindal and 14 others, including former Minister of State for Coal Dasari Narayan Rao and ex-Jharkhand Chief Minister Madhu Koda, were today summoned… Read more »

Prime Minister Narendra Modi chairing the high-level meeting on infrastructure sectors, in New Delhi on May  2

Modi takes stock of progress of infra projects

NEW DELHI: Prime Minister of India Narendra Modi on May 2 chaired a high-level meeting to review the status of various infrastructure projects in the country. The meeting also took… Read more »