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Exclusive: India to reap $12 billion-plus budget windfall from oil slide - sources

Dec 15, 2014 at 01:15 | Source: FirstPost

NEW DELHI (Reuters) - A plunge of nearly half in oil prices could help Finance Minister Arun Jaitley reap a fiscal windfall of at least $12 billion when he presents his 2015/16 budget in February, two government sources told Reuters.The savings would...

Xiaomi's India smartphone ban exposes wider patent risk

Dec 14, 2014 at 22:15 | Source: FirstPost

MUMBAI/BEIJING (Reuters) - The court order that banned Chinese mobile maker Xiaomi from selling its phones in India has halted its breakneck expansion into the world's fastest growing major smartphone market and could be just the start of a string of...

A different kind of artwork in Kochi

Dec 06, 2014 at 00:15 | Source: FirstPost

Kochi, Dec 5 (IANS) Three currencies, three loudspeakers and three languages will combine to narrate a different tale of the value of numbers at the Kochi-Muziris Biennale (KMB) exhibition of contemporary art beginning next week.In a portrayal that p...

The Indian sanitary pad revolutionary

Oct 28, 2014 at 11:57 | Source: BBC

A school dropout from a poor family in southern India has revolutionised menstrual health for rural women in developing countries by inventing a simple machine they can use to make cheap sanitary pads. Arunachalam Muruganantham's invention came ...

US firm told pay $40,000 for underpaying Indian workers in Los Angeles

Oct 24, 2014 at 15:30 | Source: FirstPost

Los Angeles: A Silicon Valley IT company in the US has been ordered to pay $40,000 in back wages to eight Indian workers who worked up to 122 hours a week and received as little as $1.21 an hour.The Electronics for Imaging Inc (EFI) also paid a fine ...

RBI eases rules for ECB lenders to extend loans in rupees

Sep 03, 2014 at 21:22 | Source: Economic Times

MUMBAI: Relaxing norms for external borrowings, the RBI today allowed ECB lenders can now extend loans in Indian Rupees to domestic businesses. "With a view to providing greater flexibility for structuring of external commercial borrowings (ECB) arr...

PM Modi gets 100-day gift: Nifty hits historic high of 8,000

Sep 01, 2014 at 10:31 | Source: FirstPost

Indian equity markets continued to gallop ahead with the Nifty hitting 8,000 mark on hopes of acche din after April-June GDP data showed a break from the sub-5 percent growth to hit a nine-quarter high. The Sensex hit also seemed to be inching closer...

Karbonn Mobiles expects to go public by 2016

Aug 25, 2014 at 22:45 | Source: Economic Times

Karbonn Mobiles, India's third-largest smartphone maker, expects to go public by 2016 as it bets on sales of Android devices made in partnership with Google Inc. "Frankly I've been delaying it for the last couple of years because I wanted to know my ...

ASI, its Nepalese counterpart to restore Pashupatinath temple

Aug 05, 2014 at 16:39 | Source: FirstPost

New Delhi: Archaeological Survey of India (ASI) along with its Nepalese counterpart and Pashupati Area Development Committee will work jointly to restore the ancient Pashupatinath temple, a project that is expected to cost Rs 25 crore.Authorities in ...

Budget 2014 Live: Correction or no correction in market post budget, this is time to buy equities

Jul 10, 2014 at 10:39 | Source: FirstPost

10:38 am Correction or no correction, this is time to buy equitiesRamdeo Agarwal of Motilal Oswal is of the opinion that the market is likely to have a shallow correction if the Union Budget is in line with the Railway Budget. He, however, said that ...

Markets Live: India Inc expects Modi sarkaar to scrap retrospective law in Budget

Jul 10, 2014 at 08:33 | Source: FirstPost

8:30 am The Economic Survey, unveiled on Wednesday, called for tough measures to shore up public finances and reduce inflation, reinforcing hopes that Prime Minister Narendra Modi and Finance Minister Arun Jaitley will deliver a non-populist, prudent...

Rupee opens flat at 59.67 against US dollar

Jul 03, 2014 at 10:01 | Source: IBNLive

Mumbai: The Indian rupee opened flat at 59.67 per dollar versus 59.69 Wednesday. US dollar clings onto modest gains, having risen broadly on the back of a report that showed solid hiring in the US private sector. On Wednesday, the rupee posted its ...

Rupee strengthens past 60 against dollar: Why Modi budget could take it higher

Jul 02, 2014 at 16:11 | Source: FirstPost

In line with stock markets, the Indian rupee today rose by over 10 paise - its biggest single-day rise since 16 June - to trade at 59.80 against the dollar after the government hiked fuel and LPG prices to ease subsidy burden and ahead of Finance Min...

Foreign debt growth slows to 7.6% in FY14; sharp rise in deposits from non-resident Indians seen

Jul 01, 2014 at 08:12 | Source: Economic Times

MUMBAI: India's external debt grew at a much slower pace of 7.6% last fiscal than in FY13, thanks to a sharp rise in deposits from non-resident Indians and overseas borrowings. External debt stood at $440.6 billion as of end March, according to provi...

Petrol price hike disappointment to people who voted BJP: Jayalalithaa

Jul 01, 2014 at 07:18 | Source: FirstPost

Chennai: Tamil Nadu Chief Minister J Jayalalithaa on Monday opposed the latest revision in fuel prices, saying it has come as a 'disappointment' to people who voted for BJP expecting a change from the 'wrong' economic policies of the previous Congres...

Govt may cut 2% import duty on gold in budget: BoAML

Jun 29, 2014 at 16:17 | Source: Economic Times

MUMBAI: The union government is expected to cut two per cent import duty in gold in the forthcoming budget, as local jewellers run out of inventory, a leading US brokerage said here. "We expect a two per cent cut in gold import duty. In our view, the...

How to spot turnaround stocks

Jun 27, 2014 at 18:20 | Source: Economic Times

The results season is coming to an end and investors are scurrying through the quarterly reports to spot companies that made a turn around in their fortunes. The easy way to spot a turnaround stock is to pick a company which has reported a profit in ...

Rupee logs first drop in four days to end at 59.20

Jun 09, 2014 at 18:26 | Source: FirstPost

Mumbai: Bucking the trend in stocks, the Indian rupee today washed out initial gains and logged its first drop in four sessions to end at 59.20 against the dollar on late demand for the American currency from importers.At the Interbank Foreign Exchan...

Sugar surplus to maintain export momentum

Jun 02, 2014 at 19:52 | Source: Economic Times

MUMBAI: India is likely to export more than 2 million tonnes of sugar in 2014/15 as the top consumer is set to produce a surplus of the sweetener for the fifth straight year despite chances of reduced rainfall, a commodities executive said on Monday....

FY14 GDP growth at 4.7%; India sees worst slowdown in 25 years

May 31, 2014 at 06:52 | Source: Economic Times

NEW DELHI: The country's Gross Domestic Product (GDP) for the fourth quarter of the financial year 2013-2014 grew at 4.6% versus an ET Now Poll estimate of 4.7%. The GDP for the entire FY14 grew at 4.7%. This marks a second straight year of sub-5 pe...

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