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Swiss agrees to provide details of black money: Jaitley  

NEW DELHI: Finance Minister Arun Jaitley today claimed a breakthrough saying the Swiss government has agreed to share information on Indians stashing illicit money there in certain cases, but blamed… Read more »

India forex reserves up USD 1.309 bn to USD 312.737 bn

MUMBAI: After falling for five straight weeks, the country’s reserves rose by whopping USD 1.309 billion to USD 312.737 billion in the week to October 10, on account of rise… Read more »

India must simplify rules for expat investorsLord Paul

India must simplify rules for expat investors: Lord Paul

LONDON: India needs to simplify its rules to make the expat community feel welcome in their homeland and encourage them to invest in the country to help shape its future,… Read more »

Mayaram transferred from Finance Ministry, made Tourism secy

Mayaram transferred from Finance Ministry, made Tourism secy

NEW DELHI: In first major Secretary-level shuffle by the Narendra Modi-government, Finance Secretary Arvind Mayaram has been transferred out of the Finance Ministry to a low profile Tourism Ministry. Mayaram,… Read more »

IndiGo to acquire 250 Airbus A-320 neos

IndiGo to acquire 250 Airbus A-320 neos

NEW DELHI: In the largest global aircraft order, no-frill carrier IndiGo on Wednesday signed a MoU to acquire 250 of the latest Airbus A-320 neo aircraft worth over USD 25.5… Read more »

Economic recovery in India still uneven Rajan

Economic recovery in India still uneven: Rajan

NEW YORK: Stating Indian economic recovery is still uneven, RBI governor Raghuram Rajan has exuded optimism that the country will be “solidly” in the 5 per cent growth bracket during… Read more »

IL&FS

IL&FS mulling USD 1 billion clean tech fund for India

HELSINKI: India’s leading infrastructure company, IL&FS is mulling a USD 1 billion fund to bring in clean technologies from Nordic nations to the country to support the new government’s huge… Read more »

India eyes Finland for tech cooperation to boost manufacturing

India eyes Finland for tech cooperation to boost manufacturing

HELSINKI: With the new government keen on making the country a global manufacturing hub, India is seeking to engage with Finland, known for its knowledge-based economy and clean technology, official… Read more »

We have political will to undertake Financial reform RBI Gov

We have political will to undertake Financial reform: RBI Gov

NEW YORK: Underscoring the need for financial sector reforms, Reserve Bank of India Governor Raghuram Rajan has stressed that the “time to deliver begins now” and there is political will… Read more »

Govt will look into Nokia plant suspension Nirmala

Govt will look into Nokia plant suspension: Nirmala

NEW DELHI: With global giant Nokia announcing suspension of its Chennai mobile plant operations, the Centre on Wednesday said it will look into the issue and make efforts to ensure… Read more »

'Indian biotech industry on cusp of new era'

‘Indian biotech industry on cusp of new era’

WASHINGTON: India’s biotechnology industry is on the cusp of entering a new era as it already has many of the necessities required to grow its bio economy such as a… Read more »

Indian consulate launches app to guide Haj pilgrims

Indian consulate launches app to guide Haj pilgrims

JEDDAH: A free smartphone application launched this year by the Indian mission here that guides Indian Haj pilgrims to their accommodations has become a huge hit with even the Saudi… Read more »

S&P

S&P betters India’s credit outlook to stable from negative

NEW DELHI: Standard & Poor’s today improved India’s outlook to stable from negative saying the new political formation at the Centre has the capacity to push reforms and put the… Read more »

India invites countries invest in its ambitious projects

India invites countries invest in its ambitious projects

UNITED NATIONS: India has invited countries like the UK, Norway and Greece to invest in ambitious projects and proposals unveiled by the new government to boost the economy. External Affairs… Read more »

Indian economy showing turnaround; ADB ups 2015 growth to 6.3%gif

Indian economy showing turnaround; ADB ups 2015 growth to 6.3%

NEW DELHI: Revising India’s GDP upwards by 0.3 per cent to 6.3 per cent in 2015, Asian Development Bank (ADB) has said the economy shows a new promise of turnaround… Read more »

India's 100 richest are all billionaires

India’s 100 richest are all billionaires; Mukesh Ambani tops

SINGAPORE: For the first time, the 100 richest tycoons in India are all billionaires with Mukesh Ambani topping the league for the eighth consecutive year, according to Forbes. With a… Read more »

Need to break back of inflation

Need to break back of inflation: Rajan

MUMBAI: Reserve Bank Governor Raghuram Rajan today said there was a need to “break the back” of inflation which remains high and controlling it would make the apex bank’s position… Read more »

standard

StanChart to decide soon on local subsidiarisation

MUMBAI: With the RBI nudging foreign banks to operate as wholly-owned subsidiaries here, the largest offshore lender by branch presence, Standard Chartered, said it will come out with a final… Read more »

India home to 100 billionaires;6th largest population globally

India home to 100 billionaires; 6th largest population globally

SINGAPORE/NEW DELHI: India has retained its sixth position in terms of number of billionaires with 100 such people collectively having USD 175 billion in networth, while globally the number of… Read more »

USDA

India will oust China as top cotton producer this year: USDA

BEIJING/WASHINGTON: India is all set to beat China and become the top cotton producer this year, ousting the communist nation from the number 1 position for the first time in… Read more »