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Interim Budget: Cars get cheaper, but who will pay for it?

In short, Chidambaram has eaten up the growth-inducing expenses, while sparing the wasteful ones like subsidies. Chidambaram pulled the same trick as last year - with plan spending for next year being the same as last year's target - which was missed by a mile.

Hold Dec-end Sensex target of 24700; bet on banks: Nomura

Nomura Financial is buying private banks like ICICI Bank and Axis Bank.

Building FX reserves with debt a stupid idea

According to The Economic Times, the finance ministry is planning to take the wrong road to CAD nirvana. It wants to take up the foreign exchange reserves from around USD 250 billion now to nearly USD 300 billion by December-end, largely by borrowings.

GDP at 4.9% worst case; see fiscal deficit at 5.2%: Expert

India Ratings says that the country's FY14 GDP of 4.9 percent is the rock-bottom level. It also sees the fiscal deficit to be around 5.2 percent of the GDP and is wary of reduced planned expenses by government to put a cap on this deficit.

Oil Companies Continue to Take Hits on Diesel Subsidies

As demand for the fuel that powers Indian economy soars, government trips on subsidy bill and oil firms reel under losses

Buckle up! Market turbulence to continue, warn experts

It's been five turbulent days for equities in India, and unluckily the consensus is that things will not let up anytime soon.

Pranab Mukherjee: Fisc consolidation, inflation can't go together, says PMEAC

In an interview to CNBC-TV18, Saumitra Chaudhuri, member, Prime Minister’s Advisory Council sees the manufacturing sector which has been beaten out of shape, improving next year.

Oil industry sees no threat from electric car

The biggest oil companies in the world have calculated that few, if any, of today's drivers will see electric cars outnumber gasoline and diesel models in their lifetimes.

No urgency for SBI's rights issue currently: Govt sources

The SBI rights issue has been the talk of the season in the banking space over the past month. While it’s still not clear if the rights issue will happen at all, the public sector bank is in for a jolt. Sources at the finance ministry have revealed that the government might not subscribe to SBI's planned rights issue, reports CNBC-TV18.

Govt may pay around $6.8bn more in fuel subsidy: Source

India is likely to pay an additional around Rs 30,000 crore (USD 6.8 billion) than budgeted in 2011/12 to state refiners as compensation towards selling fuel at subsidised rates, a senior government official with direct knowledge of the matter said on Wednesday.