rupee

Union Budget 2014: Know Your Facts

The newly elected Narendra Modi government is set to present its first Budget on 10 July, three days after the Budget session begins in Parliament. Jul 3, 2014
will-hike-import-duty-on-sugar-to-40-per-cent-ram-vilas-paswan

Will hike import duty on sugar to 40 per cent: Ram Vilas Paswan

New Delhi, June 23 (ANI): After a high delegation meeting called by the Food and Civil Supplies Minister Ram Vilas Paswan, he said that they will hike import duty on sugar to 40 per cent as against the present 15 per cent. The decision and other such decisions came in order to discuss ways to bail out the sugar industry that is unable to pay Rs 11,000 crore dues to sugarcane growers. He said that the ministry will extend sugar export subsidy of Rs 3,300 per tonne till September this year and will provide additional interest free loan of Rs. 4,400 crore to cash-strapped sugar mills to make payments to sugarcane farmers. Jun 23, 2014
A supporter of BJP waves the party flag during celebrations after learning of initial poll results outside the party headquarters in New Delhi

Five Challenges for Modi's New Government

A landslide election victory for Narendra Modi's Bharatiya Janata Party (BJP) has created euphoria in India's financial markets, driving shares to life-time highs and the rupee to its strongest level against the dollar in 11 months. May 17, 2014
HSBC London Office

HSBC says Bonus for Chairman Capped at 1 Million Pounds

Banking group HSBC Holdings Plc (HSBA.L) has attempted to head off investor criticism over a new pay plan, capping any share bonus for its Chairman Douglas Flint this year at 1 million pounds ($1.7 million) and saying it would be a one off. May 15, 2014
Pfizer

AstraZeneca Leaves Door Ajar to Pfizer, Despite Hurdles

AstraZeneca's boss said on Wednesday he would engage with Pfizer if the price was right and the risks posed from forcing the British drugmaker's operations into the U.S. company's new three-unit model were addressed. May 15, 2014