ECONOMY & NATION


IANS 19 February 2016
New York : Indian-origin researchers have proposed a new method for detecting fraud from the payment-per-click model - a pricing model used for online advertising.   "If somebody likes something, they can click on the ad and go directly to the site. Hopefully, that translates to a...

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IANS 18 February 2016
According to a statement issued by KKR, it acquired the stakes from a sponsor group led by Analjit Singh, chairman emeritus of the Max group   Private equity firm KKR said on Thursday that it has acquired anapproximate 9.95% stake in Max Financial Services Ltd that owns 72% in Max...

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IANS 18 February 2016
On Thursday, the Toyota Motor Company said it would recall around 2.87 million vehicles globally owing to the possibility of their seat belts being damaged in an accident   None of the India made models figure in the global recall of around 2.87 million units by Japanese automobile...

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IANS 18 February 2016
The company had informed Bombay Stock Exchange on Sep 4, last year that the cash consideration payable for Invagen is $500 million and for Exelan it is $50 million   Drug major Cipla has acquired two US-based firms -- InvaGen Pharmaceuticals and Exelan Pharmaceuticals -- for $550...

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IANS 18 February 2016
India is relatively less exposed to external factors, including China slowdown and global capital flows   US agency Moody's Investors Service on Thursday forecast for India a "stable GDP growth at around 7.5% in 2016 and 2017", saying the country is relatively less exposed to external...

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IANS 18 February 2016
New Delhi : Tax exemptions are costing India's exchequer about Rs.200,000 crore annually and it is necessary to phase them out to provide a level playing field for domestic companies to make for a successful Make in India campaign, a finance ministry official said on Wednesday.   "In...

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Moneylife Digital Team 17 February 2016
India’s export growth contracted by 13.6% y-o-y in January, after contracting 14.7% in December   India’s export growth contracted by 13.6% in January, after contracting 14.7% in December.The weakness was largely price-driven, although export volumes also fell, says Nomura...

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IANS 17 February 2016
New Delhi : Leading Aircraft manufacturer Boeing and Kalyani Group company Bharat Forge Limited (BFL) on Wednesday announced the first shipment of BFL-made titanium flaptrack forgings for Boeing's Next-Generation 737 aircraft.   "Shipment of the first titanium forging from India is a...

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IANS 17 February 2016
New Delhi : Talent, recruitment and health solutions player Aon Hewitt on Wednesday said e-commerce industry leads its annual salary increase survey in India by forecasting a projected salary hike of 15.6 percent for the industry in 2016.   E-commerce is followed by Life Sciences with...

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Moneylife Digital Team 17 February 2016
Indian authorities, probing the Rs55,000 crore PACL scam, are likely to request Australian authorities to freeze assets bought by the company there, by funnelling investors' money   Indian authorities are likely to meet Australian Federal Police over next the few days and request them...

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IANS 16 February 2016
New Delhi : Software services provider HCL Technologies (HCL) said on Tuesday that it has acquired the external IT business of commercial vehicles manufacturers, Volvo Group.   "HCL has also acquired Volvo's external IT business, adding 40 new customers from the Nordics and France to...

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IANS 16 February 2016
Chennai : Japanese automobile major Nissan Motor Company has sent a notice to Ashok Leyland Ltd terminating its technology development joint venture Nissan Ashok Leyland Technologies Pvt. Ltd over non-payment of royalty, said a source.   The joint venture company is owned in 50:50 by...

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G Manthran 16 February 2016
The rot has spread faster in IDBI Bank due to too much easy money from the government for too long without any heads rolling    IDBI Bank has incurred the second highest ever quarterly loss among all the banks, of Rs2,184 crore for the quarter ended 31 December 2015. This is the...

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IANS 16 February 2016
New Delhi : India's Income Tax department has resolved 180 disputes worth Rs.5,000 crore since April 2014 under a mutual agreement procedure (MAP), the government said on Tuesday.   "The Central Board of Direct Taxes (CBDT) resolved cases pertaining to various sectors of the economy...

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IANS 16 February 2016
Non-petroleum exports also declined 10.6% to $19,116 million from $21,371 million year ago and 9.6% in 10 months to $1,92,408 million from 2,12,730 million   Exports declined 13.6% in January in dollar terms over the same month year ago, with no let-up in the last 13 months, the...

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IANS 16 February 2016
The measure, announced on January 29 by the BoJ, applies a negative interest rate of minus 0.1% to deposits that Japanese financial institutions place at the BoJ   The negative interest rate recently approved by the Bank of Japan (BoJ) for certain bank deposits, came into force on...

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IANS 15 February 2016
Mumbai : Day Three of the mega 'Make in India Week' here got down to specifics, with central and state ministers explaining why today's investment climate in the country is conducive for global investors in a host of areas, ranging from from energy to entertainment.   If Maharashtra...

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IANS 15 February 2016
New Delhi : Thanks to the seasonal softening in the food prices and a sharp drop in fuel costs, India's annual wholesale rate of inflation declined marginally to (-)0.90 percent for January from (-)0.73 percent for the month before, official data showed on Monday.   The anual...

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IANS 15 February 2016
Bengaluru : Leading online job portal Monster.com on Monday said the information technology (IT) sector continues to be the highest paying in India among Banking Financial Services and Insurance (BFSI) and manufacturing sectors.   According to 'Monster Salary Index' (MSI), IT...

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V. Jagannathan (IANS) 11 February 2016
Chennai : The distress in India's banking system is becoming evident by the day with more of these financing institutions reporting poor results in the third quarter of this fiscal, amid mounting bad loans. What is more, the stress is more pronounced in state-run banks.   "Such...

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