On the sidelines of Rafale deal signed on Friday, France has also offered help to India in reviving the unsuccessful Kaveri engine project for indigenous Tejas aircraft and a host of other high-end collaborations as
Dassault Aviation CEO Eric Trappier hinted on Friday that the French company is open to manufacture the aircraft in India under 'Make in India' initiative if the plane is shortlisted for a bigger order. He
The Finance Ministry today expressed concerns about the methodology used by credit rating agency Moody's.
The government has appointed three academics - Chetan Ghate, Pami Dua and Ravindra H Dholakia- as members on interest-rate setting Monetary Policy Committee.
In another addition to the series of high profile exits seen at Mukesh Ambani-led Relialce Jio in the last few weeks, the company's Chief Marketing Officer Pradeep Shrivastava has bid adieu to the firm, making
The all powerful GST Council will meet for the first time tomorrow to iron out issues between Centre and states for rolling out the GST from April 1, 2017.
Entailing an investment of Rs 4,550 crore, Adani Green Energy, part of the Adani Group, today unveiled the world’s largest 648-mw solar power plant in Tamil Nadu. The solar power plant, producing 648 mw at
E-commerce major Snapdeal on Tuesday said it will flag off the festive season with its 'Unbox Diwali Sale' from October 2, the same day when its larger rival Flipkart will begin its own festive offers.
Moody's on Tuesday indicated that it is unlikely to upgrade India’s sovereign rating and will only do so in 1-2 years if it is convinced that economic reforms are tangible.
Owing to the slow pace of bad loan formation, the Indian banking sector is set to remain stable for the next 12-18 months, Moody's Investors Service said today. "While the stock of impaired loans
The Bombay High Court today likened the beleaguered businessman Vijay Mallya with the bird ‘Kingfisher’, the namesake of his company, saying Mallya aptly named his company 'Kingfisher', as like the bird, he too flew away
Just retired RBI Governor Raghuram Rajan who cleaned-up more than $100 billion of stressed assets on the books of banks has finally resumed his role as ‘Distinguished Service Professor of Finance’ at the University of
As many as 70,000 workers were hit by the sharp fall in merchandise exports as it cost them their jobs in Q2 2015-16, a report stated. A joint study conducted by Assocham and Thought Arbitrage
Adding further to the woes of embattled businessman Vijay Mallya, the 17-lender consortium led by State Bank of India has put on sale his prime Goa property, the Kingfisher Villa, at a reserve price of
The CBI today registered a preliminary enquiry (PE) against unidentified Defence Ministry officials and others to probe allegations of kickbacks in the purchase of three Embraer aircraft in a $208 million (Rs 1.3K approx) deal
In an effort to help CBI in its probe into Embraer aircraft deal, the defence ministry has handed over a set of key documents to the investigative agency. This also includes minutes of the meetings
In a slight relief for Subrata Roy, the Supreme Court today extended the parole of Sahara chief till September 23, granted to him in May on humanitarian grounds after his mother passed away. The parole
Finance Minister Arun Jaitley today stated that four PSU banks are working towards keeping the number of zero-balance accounts low. The banks are "investigating from their branches" whether money in some Jandhan accounts was deposited
India's exports have dipped by 0.3 per cent to USD 21.51 billion (Rs. 14 lakh crore) for the second consecutive month in August. The decline has emerged due to dip in shipments of products like
Prime Minister Narendra Modi on Wednesday directed that all steps must be completed before the deadline of April 1 to roll out GST.
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