The government is set to hack away a great deal of red tape with a new classification of industries that uses colour codes to denote environmental impact, a move that means 36 industries may need no green clearance at all.
Lagarde said the world economy was facing headwinds from China’s rebalancing, Japan’s slow growth, falling commodity prices and uncertainties surrounding higher US interest rates.
The government, on Wednesday, extended the last date for filing Income Tax return to September 07, a week more than its initial deadline of August 31.
Swedish telecom equipment maker Ericsson said on Wednesday it has bagged a four-year 4G network rollout contract in Delhi from Bharti Airtel.
There’s something strange happening on Indian stock markets. Notwithstanding the losses of the past 10 days, the Sensex is expected to notch up decent gains this year. The remarkable thing is that this will happen at a time when oil and gold are falling and other assets like real estate and stocks in major global markets are struggling, a wholesale breakdown of correlations for the first time in years. What’s at play, and what’s likely to happen next?
India will auction 69 small and marginal oil and gas fields surrendered by state explorers offering operators full marketing and pricing freedom, oil minister Dharmendra Pradhan said on Wednesday.
The government flagged deflation as a new challenge for the economy but expressed hope that the growth will be close to 8% this fiscal year, notwithstanding lower first quarter GDP number.
Government announcing a major relief to foreign investors may have revived Indian market from one-year lows on Wednesday, but the benchmark BSE Sensex plunged heavily by 242.88 points to 25,453.56 on worries over economic slowdown in China and its impact on world growth.
Why were SBI and ICICI Bank declared systemically important by RBI? Primarily because of their size.
Rising for the second consecutive day, the rupee closed 3 paise higher at 66.19 against the US dollar on fag-end selling of the greenback by banks and exporters on Wednesday.
A quarter of the Air India's Boeing 787 co-pilots, trained at a cost of Rs 15 crore, are eyeing jobs as commanders. The state-owned airline operator is surviving on a bailout funded by the taxpayer.
Shanghai led a broad Asian equities sell-off Wednesday, plunging more than 4%, as further evidence of slowing in China's economy brought a new bout of volatility to global markets.
The latest economic growth numbers for the first quarter of the current fiscal year released on Monday have puzzled analysts. They see three closely inter-related problems.
After Tuesday’s sell-off, the markets look set for more losses ahead, with analysts raising red flags over muted private sector investments and declining exports, and foreign brokerages cutting their growth forecasts.
Finance minister Arun Jaitley had in his Budget for 2015-16 exempted FIIs from the levy from April 1. FIIs had argued that MAT is applicable only to domestic companies that had their base in India. By virtue of not being established in India, they should be "exempted".