ECONOMY

  • More tax concessions when economy improves: Finance Minister July 12, 2014

    New Delhi: Finance Minister Arun Jaitley on Saturday promised more concessions in income tax when the economy improves. "We do not want a high taxation regime. It was because of the high taxation regime of the previous government that inflation rose." "I think there was never a Union Budget since 1947, which...
  • Budget 2014: Economic growth targeted, says Adi Godrej July 11, 2014

    Reacting to the Narendra Modi government's first budget, Godrej group chairman Adi Godrej said, "I think the middle class has been catered to very strongly in this budget. Not that the other consumers in India have been totally left out but it is certainly the budget which has been particularly...
  • IIP signals economy on revival path, Budget 2014 to help: India Inc July 11, 2014

    New Delhi: India Inc on Friday said the sharp rise in industrial output in May is a sign the economy is on the road to recovery and expects the rebound to sustain on the back of policy measures unveiled in the maiden budget of the Narendra Modiled government. "Rise in...
  • Poor monsoon in India threatens first drought in five years July 11, 2014

    New Delhi: Weak rainfall in India since June when the monsoon season starts, crucial to the country's agricultural earnings, has raised concerns of a first drought in five years, although weather experts are hopeful rains will revive in the next week. A poor monsoon cuts exports, stokes food inflation and leads...
  • Rupee rebounds 26 paise vs US dollar to 59.93; logs 1st weekly drop in 3 weeks July 11, 2014

    Mumbai: The rupee on Friday bounced back by 26 paise to end at 59.93 versus dollar as exporters and some banks sold the greenback, but steep losses in previous sessions forced the local currency to log its first weekly drop in three. After ending at 59.72 last Friday, the rupee depreciated...
  • It is not the end, but start of the journey, says Arun Jaitley on his maiden Budget July 10, 2014

    New Delhi: Finance Minister Arun Jaitley is confident that his government will be able to stick to the 4.1 per cent fiscal deficit target even though rating agencies have voiced skepticism about the Budget estimates. "This is not the end, this is just the start of the journey," Jaitley said...
  • Budget 2014: Main objective is to revive the economy, says Arun Jaitley July 10, 2014

    In his first post Budget interview to Lok Sabha TV, Finance Minister Arun Jaitley said, "Hope this budget leads to a revival of the economy without burdening the common man." ...
  • Had to clear issues left behind by UPA: Arun Jaitley July 10, 2014

    After tabling his first budget in Parliament, Finance Minister Arun Jaitley said, "I hope this leads to revival of economy without burdening the common man. I had to clear up issues that the UPA had left behind." ...
  • Budget 2014: This is not about UPA vs NDA, but about economy, says FM July 10, 2014

    New Delhi: Hours after delivering the Union Budget, Finance Minister Arun Jaitley on Thursday called its "a directional budget" adding that the government has laid down the roadmap and given relief to the common people. "Reasonable taxation is required for providing growth to manufacturing sector. People must have more money and...
  • Jaitley's Budget cautious on fiscal prudence, seeks to push growth July 10, 2014

    In the first Budget of the NDA's Narendra Modi Administration, Union Finance Minister Arun Jaitley presented a cautious testament of fiscal prudence combined with steps for encouraging increased investments, for boosting industrial infrastructure through roads, airports, ports and smart cities, and for providing cost breaks to specific industries. He also...
  • Rupee logs worst drop in a month, down 44paise at 60.19 vs dollar July 10, 2014

    Mumbai:Moving in tandem with equities, the rupee today tumbled 44 paise, posting its biggest drop in nearly a month, to end at 60.19 against the dollar on a day the Narendra Modiled government presented its maiden Budget. A firm dollar overseas and demand for the US currency from importers weighed on...
  • Arun Jaitley set to present Modi government's maiden Budget today July 10, 2014

    New Delhi: The Narendra Modi government's maiden Budget will be presented in Parliament on Thursday by Finance Minister Arun Jaitley. With high expectations to meet, it remains to be seen whether the Budget will be a bitter pill for the common man in its bid to revive the economy. It is...
  • India @ 9 with Anubha Bhonsle July 9, 2014

    Catch the day's top stories with Anubha Bhonsle on India @ 9. ...
  • Economic Survey suggests economy was robust in UPA regime: Congress July 9, 2014

    New Delhi: On the eve of the Union Budget, Congress on Wednesday latched on to the Economic Survey in seeking to puncture government claims that it has inherited 'empty coffers' and a bad economy. Party spokesman Abhishek Singhvi quoted profusely from the highlights of the Survey presented to Parliament on Wednesday,...
  • Economic Survey presents realistic macroeconomic picture: India Inc July 9, 2014

    New Delhi: Terming the Economic Survey 201314 as a "realistic" assessment of the current picture, India Inc on Wednesday hoped that the Budget will address key issues like infrastructure development and implement measures outlined in the document to revive growth. "The bold reform measures outlined in the Economic Survey need to...
  • Sensex tanks by over 300 points; capital goods, metals down July 9, 2014

    Mumbai: The benchmark Sensex on Wednesday fell 137.30 points to end at over oneweek low of 25,444.81 on concerns highlighted by the Economic Survey and diminishing expectations from the Narendra Modiled government in its maiden Union Budget on Thursday. Weakness in global equities also dampened the sentiment. "After slight disappointment from...
  • Top British ministers woo India under Modi July 8, 2014

    Mumbai: Britain's finance minister announced a $428 million deal with India's military on Monday after arriving in the country to seek stronger trade and investment ties with new Prime Minister Narendra Modi's government. George Osborne and Foreign Secretary William Hague landed in Mumbai for the twoday visit to drum up business...
  • Rupee recovers 8 paise vs dollar in early trade July 8, 2014

    Mumbai: The rupee on Tuesday recovered by 8 paise to 59.93 against the US dollar in early trade at the Inter bank Foreign Exchange market on increased selling of the American currency by exporters. Besides, strengthening of the euro and yen against the dollar in overseas market and a higher opening...
  • Sensex falls over 350 points after hitting record highs July 8, 2014

    Mumbai: The BSE Sensex and the Nifty are slump 1.4 per cent each. Both the indexes hit a record high earlier in the session. The Nifty gained as much as 0.28 per cent to touch a record high for the fourth straight session, hitting the 7,800 mark for the first...
  • Sensex hits record high above 26,000; Infosys rises July 7, 2014

    Mumbai: The Nifty is up 0.25 per cent after rising 0.5 percent to a record high of 7,791.4, its third consecutive alltime high in as many sessions. The Sensex is up 0.44 per cent after rising as much as 0.6 per cent to an alltime high of 26,116.73, surpassing the...
  • Rupee drops most in nearly 3 weeks, down 29 paise as US dollar demand rises July 7, 2014

    Mumbai: The rupee on Monday slipped 29 paise, logging its biggest drop in nearly three weeks, to end at 60.01 versus the dollar on rising demand for the US currency from custodian banks. The rupee fell despite the stock benchmark Sensex ending above the 26,000level for the first time in its...
  • 'If I am FM: I will change the attitude of IT officers' July 6, 2014

    If I were FM, I will take steps to change the attitude of assesses. The IT officers should change their attitude and gain people's trust and confidence.A human touch will ensure better compliance. ...
  • Cuba's lawmakers examine weak economy July 6, 2014

    Havana: Cuba's National Assembly opened its biannual session, with the communist island's faltering economy topping the agenda. President Raul Castro, 83, was due to address the assembly on Saturday, which plans to examine why one of the world's last command economies has not experienced greater growth, after six years of...
  • Rajnath terms condition of Indian economy as 'serious', says it will take time to bring it back on track July 5, 2014

    Terming the condition of Indian economy as "serious", Union Home Minister Rajnath Singh on Saturday said though the new government is working to bring the situation back on track, it will take some time to do so. "The economy has derailed and its in a bad shape and serious condition. The...
  • Rupee ends flat at 59.72 vs US dollar; logs best week since May 16 July 4, 2014

    Mumbai: The rupee on Friday ended a mere one paisa higher at 59.72 against the US dollar on alternate bouts of demand and supply, wrapping up its best weekly performance since the period ended May 16. It gained 36 paise against the Greenback in the week ended on Friday on hopes...
  • Sensex, Nifty rebound to close at record highs ahead of Budget July 4, 2014

    Mumbai: Continuing its recordsetting spree, the benchmark Sensex on Friday rebounded over 138 points to end at new closing peak of 25,962.06, led by oil & gas shares, on hopes of reforms and a growthoriented Budget next week. Expectations the government is prepared to tackle any crisis related to poor rains...
  • Sensex, Nify end flat; Tata Motors up 3 pc, Hero falls 3 pc July 3, 2014

    Mumbai: Equity benchmarks snapped fourday gains on profittaking on Thursday weighed down by oil & gas, banks and power stocks. The 30share BSE Sensex, which resumed trading after over three hours of halt , slipped 17.46 points to close at 25823.75 while the 50share NSE Nifty fell 10.35 points to...
  • Rupee edges lower after surging to threeweek highs July 3, 2014

    Mumbai: The rupee on Thursday surged to threeweek highs in early trade but closed four paise lower at 59.73 against the dollar on weakness in local stocks and persistent demand for the American currency from importers, including oil firms. A firm dollar overseas ahead of crucial US payrolls data and a...
  • Watch: Face to Face with Facebook COO Sheryl Sandberg July 2, 2014

    In an exclusive interview to CNBC TV18, Facebook COO Sheryl Sandberg discusses on host of issues, including the India growth story. ...
  • Record high: Nifty at 7725, Sensex up 325 points on Budget hope July 2, 2014

    Mumbai: Budget hopes and firm global cues boosted market sentiments as benchmark indices see record closing high. The Nifty ended above 7700, for first time ever, at 7725.15, up 90.45 points or 1.18 per cent. The Sensex closed at 25841.21, up 324.86 or 1.27 percent. Sesa Sterlite was the biggest...