adimage Presents the Union Budget 2015
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Updated: Mar 4, 2015 11:47 PM
Pre-emptive action needed as production, credit offtake indicators are weak: RBI chief Three days after Finance Minister Arun Jaitley presented a growth-oriented Budget, the Reserve Bank of India on Wednesday came up with a complementary move by cutting
Updated: Mar 4, 2015 11:20 PM
In the largest-ever deal in the Indian Defence sector, Anil Ambani-controlled Reliance Infrastructure (RInfra) will buy 18 per cent of Pipavav Defence and Offshore Engineering Company for about ₹819 crore. RInfra will also get the sole management co
Updated: Mar 4, 2015 10:47 PM
British filmmaker Leslee Udwin says she tried to examine the ‘mindset of rapists’ The Union Government’s ban on the telecast of a documentary film on the brutal gang-rape of a 23-year-old girl in a moving bus, was upheld by a Delhi Cour
Breaking News
4 hours ago
Production from ONGC’s Western Offshore fields have touched a five year high of 325,000 barrels of oil per day on March 3, the company said on Wednesday. “The production has started increasing from average 315,000 barrels of oil per day in
4 hours ago
Niffler, a Mumbai-based mobile only venture, has raised ₹6 crore seed capital from venture capital fund SAIF Partners. Niffler, started by three IITians Edul Patel, Prince Arora and Viraj Shah, helps users discover deals and discounts from brick and
4 hours ago
Shipping companies can now lower the fuel consumption of their ships plying on some key sea-lanes, thanks to a new product unveiled by the Indian National Centre for Ocean Information Services (Incois). The Institute has launched a customised service fo
4 hours ago
Amit Shah-led campaign to counter Opposition ‘propaganda’ on Land Act BJP president Amit Shah has requisitioned the party’s services to actively diffuse the “anti-poor” tag attached to the Centre’s policy framework.
4 hours ago
India’s power generation capacity from cleaner coal is expected to increase by 103 gigawatts (GW) between 2016 and 2025, according to research and consulting firm, GlobalData.“While India’s clean coal installations are in a nascent stage,
Markets
Mar 4, 2015 09:13 AM
The euphoria generated by the RBI repo rate cut did not last even a full day with the Sensex tanking by more than 210 points today. The S&P BSE Sensex plunged 213 points or 0.72 per cent at 29,380.73 and the CNX Nifty shed 73.6 points or 0.82 per ce
Mar 4, 2015 09:55 AM
The rupee pared morning gains to end weaker at 62.26 against the dollar on Wednesday after public sector banks bought dollars taking cues from the heavy outflows from the domestic equity markets. The Indian currency opened at 61.66 from Tuesday’s
Mar 2, 2015 09:48 PM
The gold futures contract traded on the Multi Commodity Exchange (MCX) has risen sharply on Saturday. The government leaving the import duty unchanged in the Budget on Saturday triggered this rise. The MCX-gold futures contract was consolidating between &#
Mar 4, 2015 09:24 PM
Economic Survey says Parliament can pass laws to override States' powers to create such a thing The Budget has proposed the setting up of a national agriculture market. Agriculture in the country is a State subject and thus all the States have set up Agr
Budget 2015
Mar 4, 2015 12:40 PM
The Government of India presented the Union Budget 2015-16 on February 28, 2015, which highlighted that India’s economy was currently in a bright spot in the global context. This was mainly attributed to reduce vulnerabilities concerning the economi
Mar 1, 2015 10:29 PM
Will send positive signals to global investors, though the devil is in the detail, say experts The 2015-16 Budget is unlikely to improve corporate bottomlines immediately and may not enthuse the stock market enough to prop up valuations. However, the com
Feb 28, 2015 11:49 PM
Move to lower tax from 30% to 25% over a four-year horizon India Inc, which was expecting the Finance Minister to deliver a dream Budget, will probably have to settle with a forward looking Budget instead. The decision to bring down the corporate tax fro
Mar 4, 2015 10:37 PM
‘Indirect tax regime beats logic. When the economy is supposed to grow at 8.5 per cent, how can tax collections go up 19 per cent?’ The Union Budget proposals have compelling merit and incontestable purpose about them but implementation will
Companies
Mar 4, 2015 04:29 PM
Drug used to treat limb disorder Stempeutics Research has received a process patent from the United States Patent and Trademarks Office for its novel stem cell-based drug Stempeucel. The company is part of the Manipal Education and Medical Group and d
Mar 4, 2015 06:19 PM
Bajaj showcased its RE60 at the 2012 Delhi Auto Expo, much to the displeasure of rivals It was in January 2012 when Bajaj Auto first showcased its RE60 at the Delhi Auto Expo. The intent was to offer a better mobility solution than the traditional thr
Mar 4, 2015 10:26 PM
Import of spectacle frames lot cheaper than manufacturing, says MD Titan Company is in the process of setting up a frame manufacturing facility. The company is yet to identify the location but the idea is in the pipeline, Bhaskar Bhat, Managing Director,
Economy
Mar 4, 2015 10:52 PM
Lok Sabha passes Coal, Insurance Bills The Government’s efforts to get support from the Opposition parties in the Rajya Sabha for crucial reform Bills such as the Coal Mines (Special Provisions) Bill and Insurance Laws (Amendment) Bill has been col
Mar 4, 2015 10:44 PM
Rajan may have wanted to moderate foreign investment flows, appease corporates RBI Governor Raghuram Rajan took everyone by surprise when he cut the repo rate early this morning. Just two days ago he had said that India was witnessing an avalanche of ca
Mar 4, 2015 11:33 AM
Composite index too shows marginal improvement While India’s manufacturing sector saw a lag, services sector showed better performance in February. HSBC Purchasing Manager Index (PMI) for Service sector shows that the index hit an eight-month high
Editorial
Mar 4, 2015 08:46 PM
Fiscal and monetary policy need to work in tandem In what seems to be turning into a Raghuram Rajan trademark, the RBI has, for the second time this calendar year, cut the repo rate before its scheduled monetary policy statement. The timing of the second
Features
Mar 2, 2015 09:34 PM
From Skyping funerals to chartered helicopters that disperse ashes over the Ganga, the economics of death is anything but morbid, writes Prince Mathews Thomas For many a Hindu, it is a final wish — to die in Varanasi or be cremated at one of its 10
Mar 4, 2015 11:16 PM
Beat the heat with these cool titles Mortal Kombat X The biggest fighting game of all times is going to come back even hotter this summer. Mortal Kombat X will most likely feature a completely redesigned storyline, to showcase some of the most legend
Mar 4, 2015 11:12 PM
The flavour of this year’s MWC seems to be newcomers to the world of personal tech. The Mobile World Congress in Barcelona is an annual showcase of the best that the leading telecoms, hardware and internet players of the world have come up with. T
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