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28 September, 2017 5:10 PM Arun Jaitley slams Yashwant Sinha, says 'Don't have the luxury of being former finance minister'

New Delhi [India] September 28, (ANI): A day after Bharatiya Janata Party (BJP) veteran Yashwant Sinha castigated Finance Minister Arun Jaitley of making a mess of Indian economy; the latter on Thursday defended the government policies and said he does not have the luxury of being a former finance minister. Taking a dig at the former finance minister 31

28 September, 2017 9:43 AM Policy flip-flops risk harming ‘Make in India’ drive, say industry executives

Railway Ministry said last week it wouldn't need diesel after all — hoping to save on fuel and maintenance costs — and suggested GE might want to make electric engines instead. Surprise policy shifts, such as an apparent U-turn over a locomotive deal with General Electric (GE), risk undermining Prime Minister Narendra Modi's flagship 'Make in India' 53

28 September, 2017 9:39 AM United States drastically slashes refugee intake to 45,000

Washington: The United States will curtail the number of refugees it will accept for resettlement to 45,000 next year, nearly half the figure for 2016, officials said on Thursday, triggering criticism from humanitarian groups and lawmakers. Secretary of State Rex Tillerson will soon brief the Congress on this, a US government official told reporters 64

27 September, 2017 6:13 AM Merger with Idea on track for completion in 2018, says Vodafone CEO

The merger of Vodafone India and Idea Cellular is on track and is expected to be completed in calender year 2018, a top Vodafone official said on Wednesday. Vodafone India MD and CEO Sunil Sood said “absolutely”, when asked if the merger of the two telecom firms is on course. Stating that the merger process goes through various stages, including approvals 42

27 September, 2017 12:59 AM SBI Life Insurance shares to be allotted today

MUMBAI: The initial public offering (IPO) of the SBI Life Insurance Co Ltd's to raise Rs 8,400 crore ($1.3 billion) will be allotted today. The issue was oversubscribed 3.58 times on the final day of bidding on September 22. The IPO by SBI Life is one of the biggest IPOs in seven years. As per a report by Thomson Reuters, the companies have raised $4.4 billion 112

25 September, 2017 10:52 PM CBO predicts ‘millions’ would lose coverage under the revised Senate health bill

The latest Senate Republican plan to tilt federal health-care law in a conservative direction would cause “millions” of Americans to lose insurance by 2026, while lessening the federal deficit by at least $133 billion, according to much-anticipated estimates by Congress’s nonpartisan budget scorekeepers. The partial analysis by the Congressional Budget 138

25 September, 2017 1:23 PM PM Modi Sets Up Economic Advisory Council With Bibek Debroy As Chief

PM Narendra Modi has set up the panel as his government grapples with a faltering economy and last quarter's dismal growth figures. New Delhi: Amid worries over an economic slowdown, Prime Minister Narendra Modi has set up a five-member panel of economists headed by NITI Aayog member Bibek Debroy to advise him. The economic advisory council includes 127

23 September, 2017 4:30 PM Japan to fund mass rapid transit systems in Gujarat, Haryana

$4.5 billion soft loan from Japan International Cooperation Agency to boost $100 bn Delhi-Mumbai Industrial Corridor project. Funds from a Japanese government loan will soon be utilised for the first time in the $100 billion, Delhi-Mumbai Industrial Corridor (DMIC) project. So far, the mega-project was being developed only with the Indian government’s 48

22 September, 2017 8:09 AM Economy slowdown: FM raises concerns, may relax fiscal deficit target

The government is mulling on measures to strengthen bank balance sheets by recapitalizing public sector undertaking banks and plans to loosen its fiscal deficit target to enable it to spend up to USD 7.7 billion more to halt an economic slowdown. The government is considering a plan to loosen its fiscal deficit target to enable it to spend up to USD 7.7 billion 72

22 September, 2017 8:05 AM Ratan Tata to have loudest voice if Tata Sons defaults on dividend payouts

In event of default, the voting rights of Ratan Tata would go up to 31.43% from 0.83% as preference and equity capital will be considered together Tata Sons Chairman Emeritus Ratan Tata is set to have the greatest say in case the company defaults on dividend payment to shareholders for two years or more. Under the new structure approved by the company’s 136