ECONOMY & NATION


IANS 15 January 2016
New Delhi : A court here on Thursday settled a cheating case against Unitech officials after the complainants said they have received payment and did not want to pursue the matter further.   Additional Chief Metropolitan Magistrate Gaurav Rao observed that the complainants settled the...

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IANS 15 January 2016
New Delhi : The overall Indian retail market has the potential to grow from $630 billion in 2015 to $1,100-1,200 billion by 2020, indicates a CII-BCG report on retail industry.   "Organized retail and ecommerce will grow rapidly to be $140-160 billion and $45-50 billion respectively...

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IANS 15 January 2016
Bengaluru : Spending by global enterprises on information technology (IT) in 2016 would be same as in 2015 or less due to global uncertainty, a senior Infosys executive said on Thursday.   "IT budgets for this year (2016) are yet to be finalised. As global uncertainty continues, we...

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IANS 15 January 2016
Bengaluru : Global software major Infosys Ltd on Thursday appointed noted investment manager Punita Kumar Sinha, wife of union Minister of State for Finance Jayant Sinha, as an independent director on its board.   In a regulatory filing to the Bombay Stock Exchange (BSE), the IT...

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Ram Bimani 14 January 2016
Low commodity prices weigh in on many sectors   The last one year has been challenging for equities in India. The benchmark Sensex has declined by around 7% to around 24,934 on 8 January 2016 from a level of around 26,900 on 7 January 2015. However, times have been far more difficult...

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IANS 14 January 2016
New Delhi : With food items, notably pulses and onions, continuing to remain dear, India's annual wholesale inflation rate moved up further to (-)0.73 percent for December, against (-)1.99 percent for the month before, official data showed on Thursday.   This was the fourth straight...

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IANS 14 January 2016
New Delhi : Reliance Communications (RCOM) and Sistema Shyam Teleservices on Thursday said they will apply to the Bombay High Court and the Rajasthan High Court for approving a merger.   The statement came in the form of a filing with stock exchanges following a query on the...

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Moneylife Digital Team 14 January 2016
By appointing Adv Hasankhan S Pathan as Chairman and M Iqbal Khan Sirguroh as MD, the Cooperative Bank is trying to rebuild its reputation and restoring morale of employees   After a long delay in acting on complaints against the bank, the Reserve Bank of India (RBI) has been slowly...

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IANS 14 January 2016
Mumbai : It will be advantage India during 2016 if inflation is kept under control and corporate profits revive, global credit rating agency Moody's said on Wednesday.   "India enters 2016 on the cusp of a cyclical growth recovery, with inflation under control and its economy...

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IANS 14 January 2016
New Delhi : The NHAI on Wednesday signed an agreement with National Remote Sensing Centre (NRSC) and North East Centre for Technology Application and Research (NECTAR) to use spatial technology for monitoring and maintaining highways.   Entrusted with National Highways Development...

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IANS 13 January 2016
New Delhi : Lauding the new "industry friendly" provisions of the Defence Procurement Procedure (DPP), industry lobby CII noted that its recommendations, including a level playing field, fast-tracking of procurement and preference in procurement from indigenous sources have been accepted and...

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Moneylife Digital Team 13 January 2016
The sharp decline in IIP number in November and retail inflation during December to a 15-month high, have got investors deeply worried   After an impressive 9.87% growth in October that triggered hopes of a recovery, India's factory output declined by 3.19% in the following month...

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IANS 13 January 2016
New Delhi : Bharti Airtel has sold its operations in Burkina Faso and Sierra Leone to French telecom giant Orange, the firm announced in a statement here on Wednesday.   "Orange will acquire 100 percent of the two companies' share capital. The consolidated revenue of the two companies...

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IANS 13 January 2016
Mumbai : Reliance Communications is still waiting to hear from the government on its application for spectrum sharing and trading in 20 circles and that a decision will be taken only after getting replies on all the areas, the company has clarified to stock exchanges.   As per a...

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IANS 13 January 2016
New Delhi : The Supreme Court on Tuesday asked the central government if it was seeking to hike the spectrum usage charge of one percent of the annual gross revenue of telecom companies for 4G services and if it had the powers to do so.   A bench of Chief Justice T.S. Thakur, Justice...

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IANS 13 January 2016
New Delhi : India's banking sector on Tuesday sought increasing the tax exemption limit for savings to Rs.2.5 lakhs and allowing it to issue off-shore rupee bonds to finance infrastructure, at a pre-Budget meeting Finance Minister Arun Jaitley had with banks and financial...

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IANS 12 January 2016
Chennai : Tamil Nadu Chief Minister J. Jayalalithaa on Tuesday urged the central government to issue an ordinance to enable the conduct of Jallikattu after the Supreme Court stayed the bull taming sport.   In a letter to Prime Minister Narendra Modi, Jayalalithaa said: "I strongly...

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IANS 12 January 2016
New Delhi : As prices of pulses continued to pinch consumers, India's annual retail inflation moved up further to 5.61 percent in December from 5.41 percent during the month before, official data released on Tuesday showed.   According to the numbers on consumer price index of the...

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IANS 12 January 2016
New Delhi : After an impressive 9.87 percent growth in October that triggered hopes of a recovery, India's factory output declined by 3.19 percent in the following month into the negative territory, due to a (-)4.4 percent drop in manufacturing activity.   As per data on index of...

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The Champcash app on Google Play store, wants you to install 10 other apps and refer it to others to earn unlimited money, similar to money circulations scams   Champcash, a mobile app from Champion Networks Pvt Ltd, is found luring several Android mobile users, under the pretext of...

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