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'Make in India': PM Inaugurates GE's First Manufacturing Plant in India

Inaugurating GE's first manufacturing plant in the nation, PM Modi invited the company to build ships in India

Feb 14, 2015

Snapdeal Valuation Pegged at $5 bn, Could Raise $400 Million from Investors

The online marketplace is looking at raising $400 mn in investment

Feb 14, 2015

S&P closes at record high

Late day momentum driving stocks on Friday. The Dow closing above 18,000, the S&P 500 hit an all-time high, and the Nasdaq another at a 15-year high, an all around good week for the equity markets.

Feb 14, 2015

First Tranche of Funding 'Imminent', Restructuring in Full Swing: SpiceJet COO

SpiceJet's COO said the airline's turnaround is progressing as per the new business plan, with the first tranche of funding to be made available soon.

Feb 13, 2015

U.S. Treasury Secretary Jack Lew (R) shakes hands with India's Finance Minister Arun Jaitley

Budget 2015: Sensex Up 860 Points in 4 Days; Markets Cheer Jaitley's Assurance On Reforms

The pre-Budget rally is taking indices to record highs, expecting positive announcements

Feb 13, 2015

Sahara Readies Legal Action against Mirach Capital over Deal Collapse

Allegations fly on both sides over collapse of the deal necessary to secure Sahara India's chief Subrato Roy and two other executives.

Feb 13, 2015

Hong Kong bitcoin scandal leaves investors in the dark

EDITORS' NOTE: THIS EDIT CONTAINS COVERTED 4:3 MATERIALS Digital cash for the future or a haven for cryptocurrency con-men? Bitcoin has been a controversial topic for years, but an alleged scandal

Feb 12, 2015

Apple Worth More Than $1 Trillion: Carl Icahn

Activist investor Carl Icahn said that he valued the company's shares at $216 per share.

Feb 12, 2015

Mahindra to Acquire Pipavav Defence for ₹3,000 Crore, Eyes Order Book

The Indian defence industry is witnessing consolidation, as companies line up to pick up supplying to the Indian defence requirements. This news could see more tie-up between Indian players, and Indian and foreign players.

Feb 12, 2015

Can art keep drawing in investors?

Visitors to a Swiss art gallery say their fond farewells. To a long-time resident - now global star. Gauguin's masterpiece When Will You Marry is moving on to shows in Madrid and Washington. Then

Feb 11, 2015

Apple Becomes First US Firm Worth $700Bn in Stock Valuation

The valuation puts Apple on the top, which is more than the combined valuation of Google and Microsoft, its two closest competitors.

Feb 11, 2015

Textile industry expects tax cuts in upcoming budget

Surat, Feb 11 (ANI): Manufacturers in textile industry in Gujarat expect tax cuts from the Central government in upcoming budget to help the industry come out of crisis. Union Finance Minister Arun Jaitley will on February 28 present his first full-year budget, seeking to put Asia's third-largest economy on a path of 7-8 percent growth over the next two years. In Surat, industrialists said they were facing crisis due to rise in prices of raw materials like yarn and colour chemicals. A favourable budget will being relief for one-and-a-half million people associated with the industry, he added. Vakharia also hoped for relaxation in prices of acquiring land. Investors and manufacturers have long advocated the GST as a way to simplify taxes while broadening the tax base, adding as much as 2 percentage points to economic growth in India.

Feb 11, 2015