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5.7% Q1 growth has generated huge positive sentiment Modi

5.7% Q1 growth has generated huge positive sentiment: Modi

TOKYO: Encouraged by economic growth of 5.7 per cent in the first quarter, 2014-15, Prime Minister Narendra Modi today said it has generated a “huge positive sentiment” while exhorting Japanese businessmen… Read more »

India may drop US Howitzer deal after price hike

India may drop US Howitzer deal after price hike

NEW DELHI: India has told the US that in view of the price increase, it cannot go ahead with the procurement of 145 ultra-light howitzers for the Army, which plans… Read more »

PrimMiniste

Singapore to help India build 100 ‘smart cities’

SINGAPORE: Having allocated over Rs 7,000 crores in its recent budget for development of 100 ‘smart cities’, India has roped in Singapore for providing its expertise in this even as… Read more »

Prime Minister Narendra Modi addressing after laying the foundation stones of Jawaharlal Nehru Port Trust Special Economic Zone and Port Connectivity Road, at a function, at Sheva, in Navi Mumbai, Maharashtra on August 16

States to have own export promotion councils

NHAVA SHEVA, Maharashtra: The states will soon be allowed to form their own Export Promotion Councils, Prime Minister Narendra Modi said as he underscored the need for the Centre and… Read more »

Jaitley

Low growth, high inflation not acceptable: Jaitley

MUMBAI: Finance Minister Arun Jaitley has said the current situation of high inflation and low growth has to be reversed to achieve sustainable GDP expansion along with improvement in price… Read more »

Govt to protect domestic industry

Govt to protect domestic industry

NEW DELHI: Government today promised all steps to protect domestic industry after concern was raised in the Lok Sabha over flooding of cheap Chinese goods in the market through third… Read more »

Ratan Tata may be suffering from delusion Amit Mitra

Ratan Tata may be suffering from delusion: Amit Mitra

KOLKATA: West Bengal Finance Minister Amit Mitra today countered Ratan Tata’s remarks on lack of industrialization in the state saying he may be suffering from delusion and that was why he… Read more »

India to be developed as refinery hub Govt

India to be developed as refinery hub: Govt

NEW DELHI: India refines more oil than the domestic requirement and the government seeks to develop the country as a refinery hub, Lok Sabha was informed today. Petroleum Minister Dharmendra… Read more »

Loans of PSU banks mounted due to eco slow down

‘Loans of PSU banks mounted due to eco slow down’

NEW DELHI: Government today said non-performing assets (NPAs) of PSU banks have mounted due to economic slow down even as recovery increased to Rs 33,486 crore in 2014. Finance Minister… Read more »

Taxman to track high-value spending in major cities

Taxman to track high-value spending in major cities

NEW DELHI: In order to widen the tax base and check undisclosed income, the Income Tax department has decided to train its scanner on instances of personal expenditure, interest earned… Read more »

Amazon to invest $2 bn in India; on track to hit $1 bn sales

Amazon to invest $2 bn in India; on track to hit $1 bn sales

NEW DELHI: Upping its ante in India’s fiercely competitive online shopping space, e-commerce giant Amazon Wednesday said it will invest USD 2 billion in the country to grow the business… Read more »

MOZILA

India a huge force in shaping global digital future: Mozilla

WASHINGTON: As the Internet penetration gains more strength, India is headed to be a huge force in shaping the digital future of the world, a top official of Mozilla Foundation,… Read more »

Ours is not high-tax govt Jaitley

Ours is not high-tax govt: Jaitley

NEW DELHI: Asserting that the new dispensation is not a high-tax government, Finance Minister Arun Jaitley said today that lower taxes and duties were aimed at improving savings for investment… Read more »

Jaitley announces some concessions, tax on MF from July 10

Jaitley announces some concessions, tax on MF from July 10

NEW DELHI: The government today announced some concessions for mutual fund industry and income tax payers, while committing to low tax regime to promote industrial activity to generate jobs and… Read more »

Jet says it aims to turn profitable in next three years

Jet aims to turn profitable in next three years

NEW DELHI: Jet Airways, which suffered a loss of Rs 4,130 crore in 2013-14, today said it aims to turn profitable in the next three years and was planning a major… Read more »

GDP growth to improve this fiscal Jaitley

GDP growth to improve this fiscal: Jaitley

NEW DELHI: India’s economic growth is expected to improve during the current fiscal from 4.7 per cent in 2013-14, helped by a revival in industrial growth, improved fiscal health and… Read more »

No new tax in Delhi Budget; Rs 260 cr power subsidy

No new tax in Delhi Budget; Rs 260 cr power subsidy

NEW DELHI: Proposing no new taxes in the Budget for Delhi, Indian Union Finance Minister Arun Jaitley on Friday announced subsidy of Rs 0.80 to Rs 1.20 per unit to… Read more »

CEO Satya Nadella

Microsoft to reinvent productivity to empower people: Nadella

WASHINGTON: With its “mobile-first, cloud- first world” concept, Microsoft aims to reinvent productivity to empower every person and organization on the planet, company’s CEO Satya Nadella has said. “This is… Read more »

Michael Froman]

WTO rejects India’s challenges on steel import: US

WASHINGTON: The US has claimed that the WTO has rejected most of India’s challenges against American trade remedy laws and determinations regarding imports of certain steel products from India. According… Read more »

Finance Minister Arun Jaitley

More tax concessions when economy improves: Jaitley

NEW DELHI: Indian Finance Minister Arun Jaitley has promised more concessions in income tax when the economy improves. “We do not want a high taxation regime. It was because of… Read more »