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  • China pushes yuan down further amid fears of currency war Aug 12, 2015 11:25 AM IST

    China pushes yuan down further amid fears of currency war

    Spot yuan fell to 6.43 per dollar, its weakest since August 2011, after the central bank set its daily midpoint reference at 6.3306, even weaker than Tuesday's devaluation. The currency fared worse in offshore trade, touching 6.57.

  • Yuan weakness may raise steel imports from China:Tata Steel Aug 12, 2015 08:06 AM IST

    Yuan weakness may raise steel imports from China:Tata Steel

    Faced with exports shrinking 8.3 percent in dollar terms in July this year, China devalued yuanby record 1.9 percent to 6.23 per dollar, its lowest point in almost three years.

  • Good time to bet on Asian entrepreneurs: Softbank's Arora Aug 06, 2015 04:07 PM IST

    Good time to bet on Asian entrepreneurs: Softbank's Arora

    'It‘s a great time to be out there, raising money' says Nikesh Arora, President and CEO of Softbank.

  • India, Aus engaged in 'complicated negotiation' over FTA Jul 29, 2015 09:17 PM IST

    India, Aus engaged in 'complicated negotiation' over FTA

    Australia has said it is engaged in a "complicated negotiation" with India to conclude a free trade agreement with Australian negotiators battling with "strong protectionist sentiments and technical market issues".

  • Land acquisition, environmental nods hurting co: JSW Steel Jul 28, 2015 01:05 PM IST

    Land acquisition, environmental nods hurting co: JSW Steel

    Speaking at the company's annual general meeting (AGM) on Tuesday, Jindal, who leads the USD 11-billion steel-to-cement conglomerate, added that the unprecedented growth in steel imports in hurting the domestic industry.

  • Approval delays halt work on Australia coal project: Adani Jul 22, 2015 07:43 PM IST

    Approval delays halt work on Australia coal project: Adani

    Output from the mine, one of a handful under development in the Galilee Basin of Queensland state, will be mostly exported to India, where it will be central to plans by Indian Prime Minister Narendra Modi to bring electricity to hundreds of millions of people living off the grid.

  • China dumping, weak demand hurting volumes: Kalyani Steel Jul 22, 2015 05:28 PM IST

    China dumping, weak demand hurting volumes: Kalyani Steel

    If the government does not support the industry where there is disproportionate advantage in one country vis-à-vis India, the industry will die over a period of time, says management of Kalyani Steels.

  • Cabinet may discuss National Tourism Policy next month Jul 22, 2015 03:28 PM IST

    Cabinet may discuss National Tourism Policy next month

    The Union Cabinet is expected to take a decision next month on the new National Tourism Policy, which aims to create jobs and increase India's share in global tourism, a top government official on Wednesday said.

  • Hyundai receives over 10,000 pre-bookings for Creta Jul 15, 2015 12:02 PM IST

    Hyundai receives over 10,000 pre-bookings for Creta

    The company's Indian arm, Hyundai Motor India Ltd (HMIL), has invested Rs 1,000 crore in the development of the five-seater model.

  • Steel imports up 50% in Q1; consumption up 7.1% Jul 13, 2015 03:29 PM IST

    Steel imports up 50% in Q1; consumption up 7.1%

    Steel consumption however grew by 7.1 percent to 20.10 million tonnes (MT) in the first quarter of 2015-16 helped by cheaper imports and increased production of saleable steel, shows the latest data by Joint Plant Committee (JPC), under the Steel Ministry.

  • India equity funds see $9.5 billion inflow in H1 of FY15 Jul 09, 2015 08:00 PM IST

    India equity funds see $9.5 billion inflow in H1 of FY15

    India focused equity funds have witnessed an inflow of over USD 9.5 billion from worldwide investors in the first six months of the year, while neighboring China has seen a hefty outflow of USD 17 billion during the same period, says a report.

  • Indians spend 47% of time on WhatsApp, Skype: Report Jun 29, 2015 08:18 AM IST

    Indians spend 47% of time on WhatsApp, Skype: Report

    "Communication continues to be the dominant activity on smartphones. Communication apps are 'always on' and are a key driver of mobile broadband usage," the report by Swedish telecom equipment maker Ericsson said.

  • Hyundai to enter mass-market SUV segment with Creta Jun 27, 2015 01:27 PM IST

    Hyundai to enter mass-market SUV segment with Creta

    The company's Indian arm, Hyundai Motor India Ltd (HMIL), has invested Rs 1,000 crore on the development of its upcoming five-seater model.

  • US starts inquiry into steel imports from India, 4 others Jun 26, 2015 05:30 PM IST

    US starts inquiry into steel imports from India, 4 others

    The US government has initiated investigations to determine whether to impose antidumping and countervailing duties on import of corrosion-resistant steel products from India and four other countries.

  • Gadkari asks states to form JVs with Centre on waterways Jun 25, 2015 02:18 PM IST

    Gadkari asks states to form JVs with Centre on waterways

    Private investments for development of inland waterways are also welcome, he said. The minister said that usage of inland waterways as a means for transportation of cargo and passengers was very low compared to China, Korea, France and the UK.

  • 'Repeal proposed Quality Control Order for steel imports' Jun 21, 2015 12:03 PM IST

    'Repeal proposed Quality Control Order for steel imports'

    Government should repeal the proposed Quality Control Order with regard to steel imports else it would adversely impact India's international trade relations, an industry body has said.

  • Philips to provide proton cancer therapy with IBA in India Jun 12, 2015 09:55 PM IST

    Philips to provide proton cancer therapy with IBA in India

    The agreement comprises R&D, marketing and sales of imaging and therapy solutions in oncology and enables both companies to mutually leverage technologies and solutions. Proton therapy is considered to be one of the most advanced treatments for cancer.

  • India to grow strongest in Jan-Mar, better than China: OECD Jun 12, 2015 08:41 AM IST

    India to grow strongest in Jan-Mar, better than China: OECD

    Indian economy saw the "strongest growth" in the first quarter of 2015 among large economies, including China, the US, Germany and Canada, according to Paris-based think tank OECD.

  • India sees 'strongest' growth in Q1 of 2015: OECD Jun 11, 2015 08:01 PM IST

    India sees 'strongest' growth in Q1 of 2015: OECD

    Data compiled by the Organisation for Economic Cooperation and Development (OECD) showed that overall GDP growth in the G-20 area was slightly lower at 0.7 percent during the January-March period. In the 2014 December quarter, the region had seen an overall expansion of 0.8 percent.

  • FIFA to kick off Blatter succession process in July Jun 10, 2015 03:15 PM IST

    FIFA to kick off Blatter succession process in July

    Scandal-hit FIFA will hold an extraordinary executive committee meeting in July to discuss dates for the election to replace president Sepp Blatter, who announced his resignation next week.

  • Steel imports surge 58% in May; consumption up 6.8% Jun 08, 2015 07:01 PM IST

    Steel imports surge 58% in May; consumption up 6.8%

    In May 2015, steel imports stood at 0.91 MT, a rise of 58 percent , compared to April 2015 when they rose by 20.4 percent , as per data by the Joint Plant Committee (JPC), under the Steel Ministry.

  • Asia central to picking next FIFA chief Jun 04, 2015 03:25 PM IST

    Asia central to picking next FIFA chief

    The Middle East holds power at the 46-member Asian Football Confederation (AFC), the third largest of FIFA's six regional bodies but boasting the biggest and fastest growing population, a dream ticket for FIFA sponsors like Coca-Cola and Adidas.

  • Hyundai to drive in new SUV Creta in H2 2015 Jun 02, 2015 03:21 PM IST

    Hyundai to drive in new SUV Creta in H2 2015

    The company's Indian arm Hyundai Motor India Ltd (HMIL), which sells top-end SUV SantaFE and i20 Active, is looking to take on Mahindra & Mahindra, Renault, Nissan Ford and Tata Motors with its upcoming 5-seater SUV.

  • JSW Steel results below par, to improve in FY16: Moody's May 25, 2015 05:36 PM IST

    JSW Steel results below par, to improve in FY16: Moody's

    Subdued domestic demand and a surge in imports from China, Russia and Korea exerted pressure on steel realisations, and steel prices in India fell 26 percent between April 2014 and March 2015.

  • China slashes import tax on consumer goods May 25, 2015 01:21 PM IST

    China slashes import tax on consumer goods

    The decision follows a statement by China's State Council, the country's Cabinet, in April that it would look to reduce import tariffs on some consumers goods to stoke domestic spending and support the slowing economy at a time when record numbers of cash-rich Chinese tourists are splurging overseas.

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