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Economy picking up; need more reformsRajan

Economy picking up; need more reforms: Rajan

CHENNAI: Confident of economic recovery, Reserve Bank of India’s Governor Raghuram Rajan has said capital investments are picking up but a stronger growth would require more reforms and clearing bottlenecks… Read more »

Global economy recovering; nowhere near depressionRajan

Global economy recovering; nowhere near depression: Rajan

CHENNAI:¬†Global economy is in a recovery mode which is still weak, but the overall situation is “not anywhere” like the depression of 1930s, Reserve Bank Governor Raghuram Rajan said here…. Read more »

India exports record USD 5.5-bn worth sea food in FY'15

India exported record USD 5.5-bn worth sea food in FY’15

KOCHI:¬†India exported a record one million tonnes of sea food fetching a foreign exchange of USD 5.5 billion in the last fiscal, the Marine Products Export Development Authority (MPEDA) said… Read more »

Adani coal project in Australia runs into controversy

Adani coal project in Australia runs into controversy

MELBOURNE: India’s mining giant Adani Group’s 16.5 billion dollar coal mine project in Australia’s Queensland has run into another controversy after reports that senior bureaucrats were sidelined over key decisions… Read more »

''World economy may be slipping into 1930s depression problems''

‘World economy may be slipping into 1930s depression problems’

LONDON: RBI Governor Raghuram Rajan has asked central banks from across the world to define “new rules of the game” as he warned that the global economy may be slipping… Read more »

Greater interest rate cuts by banks in offingJaitley

Greater interest rate cuts by banks in offing: Jaitley

NEW DELHI: Public sector banks today gave an assurance that they will make “greater” cuts in interest rates in the coming days and weeks, Finance Minister Arun Jaitley said. He… Read more »

RIL to invest Rs 2-lakh cr in oil biz Ambani

RIL to invest Rs 2-lakh cr in oil biz : Ambani

MUMBAI: Reliance Industries will begin commercial operations of its much-awaited 4G telecom services by December, while it plans to complete projects worth over Rs 2 lakh crore in the core… Read more »

India leads emerging economies in growth chart WB

India leads emerging economies in growth chart: WB

WASHINGTON: India may officially surpass China in its growth rate as it is now leading major emerging economies in growth chart, according to latest World Bank figures. “With an expected… Read more »

6,000-crore port to come up near Mumbai in 3 yrs

6,000-crore port to come up near Mumbai in 3 yrs

MUMBAI: The country’s 13th major port will come up at Dahanu near here on fully reclaimed land and the project envisaging an investment of up to Rs 6,000 crore is… Read more »

Anshu Jain

Anshu Jain quits as Deutsche Bank CEO

BERLIN: In a surprise move, India-born Anshu Jain has resigned as the Co-CEO of Germany’s biggest bank – Deutsche Bank – losing the top spot to former UBS banker John… Read more »

Anil Ambani to invest $3 bn in B'desh plant

Anil Ambani to invest $3 bn in B’desh plant

DHAKA: Anil Ambani-led Reliance Power has signed an agreement to invest USD 3 billion in setting up a mega power plant and a floating LNG import terminal in Bangladesh which… Read more »

FSSAI

FSSAI orders testing of more fast food brands

NEW DELHI: Central food safety regulator FSSAI has ordered testing of various noodles, pasta and macaroni brands, including Top Ramen, Foodles and Wai Wai, manufactured by seven companies to check… Read more »

maggi-pti-L

Maggi comes under scanner in Canada too

HYDERABAD: After being hit by a recall order in India, Maggi Noodles has come under the scanner of Health Canada as the product imported into the country is being investigated… Read more »

Sahara

Sahara able to avert Grosvenor House sale

LONDON/NEW DELHI: In a major deal for Sahara, billionaire brothers David and Simon Reuben are set to take over the crisis-hit Indian group’s Bank of China loan for its three… Read more »

Over 600 mobile towers restored in Kashmir

Over 600 mobile towers restored in Kashmir

SRINAGAR: Authorities have restored over 600 of the 1,058 mobile transmission towers affected by the recent militant attacks and threats in Kashmir while efforts are on to make the rest… Read more »

Swiss accountsFour new names public, but no Indian this time

Swiss accounts: Four new names public, but no Indian this time

BERNE: Continuing to shed its famed banking secrecy veil, Switzerland on Wednesday made public four fresh names about which it has been approached by foreign countries for information, but they… Read more »

Jaitley thinks it's now time for rate cut

Jaitley thinks it’s now time for rate cut

NEW DELHI: Days ahead of the monetary policy review, Finance Minister Arun Jaitley on Friday said it’s time for RBI to cut rate in view of moderation in inflation and… Read more »

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 »