India Inc described the GDP figures released on Friday as encouraging, saying these confirmed industry's assessment that the economy is showing signs of recovery.
The US economy contracted 0.7 % in the first quarter of 2015, with the impact of a ports slowdown and cautious consumer spending worse than originally estimated.The Commerce Department's revised estimate of confirmed the stall in the first three months of the year
The economy grew at 7.3% in 2014-15, up from 6.9% a year ago, government data showed on Friday.
Coming of the red after seven quarters, SpiceJet posted a Rs 22.51 crore net profit in the January-March period of FY15, helped by a Rs 650 crore funding by the new promoter, renegotiated contracts with its vendors and provisioning for re-delivery expenses.
Chinese e-commerce giant Alibaba is working with 17 shoe manufacturers here to cultivate home-grown brands online after being criticised and even sued by luxury brand Gucci for facilitating the fake-goods trade.
Budget airline SpiceJet, in the middle of a turnaround, has decided to bring the salaries of its Bombardier Q400 pilots on par with those who fly Boeing 737 planes.
From team holidays to adventure trips to freebies including laptops, washing machines and even bikes, start-ups are pulling out all stops to retain employees this appraisal season.
I believe what we have is a pretty decent report card. On the global stage India features among the top two. One year is too short to brand India as an attractive investment destination, but the build-up has happened and now we need to maintain it. To improve the ease of doing business, states must also chip in and respond.
The rupee depreciated by 11 paise to 63.78 against the US dollar in early trade today at the Interbank Foreign Exchange due to appreciation of the American currency overseas riding on strong economic data.
The benchmark BSE Sensex gained over 206 points and the NSE Nifty reclaimed the 8,400-mark in early trade today on across-the-board buying by funds and retail investors amid a mixed trend in other Asian markets.
Government subsidies have forced major US airlines out of the Indian market, a top airlines executive has said.
"Let's be very clear. What the DIPP (Department of Industrial Policy and Promotion) did was publish the existing policy and so far what was decided by the UPA is continuing, the fact that the BJP was never in favour of this decision is publicly known," Jaitley told PTI in an exclusive interview.
In the latest twist of a tussle for influence in the fast-growing region, Prime Minister Shinzo Abe is set to unveil the five-year public-private partnership this week, Jiji Press reported.
Wang Li was one of several victims of a scam, involving millions of dollars, at a branch of the state-owned Industrial and Commercial Bank of China (ICBC) in Shijiazhuang, highlighting increasingly sophisticated financial crime.
Extending losses for the second day, the rupee weakened by 8 paise to 63.80 against the US dollar in early trade today due to appreciation of the American unit against other currencies overseas.