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Government Seeks Nod To Up Net Spending By Rs 35,170 Crore

Union Finance Minister Arun Jaitley sought parliamentary approval on Wednesday to increase net spending by Rs 35,170 crore in the current fiscal year that ends in March 2017

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PM Modi Slams Opposition For Not Allowing Debate On Demonetisation

Prime Minister Narendra Modi on Wednesday flayed the opposition for its "undemocratic" act of not allowing a debate on the demonetisation issue even as he asserted that the "major reform" exercise had the support of the people

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ONGC Exploring Swap Deals To Import Gas From Myanmar

A unit of Oil and Natural Gas Corp Ltd (ONGC) is in early talks with Gazprom for supply of natural gas through a complex swap involving Russia, China and Myanmar, the head of the unit

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Stock Market Outlook Downgraded As Banknotes Ban Hits Economy: Poll

Sensex is expected to rise next year but it may not scale record highs predicted a few months back, a Reuters Poll showed, mainly because Prime Minister Narendra Modi's shock currency ban is seen knocking economic growth in the next few quarters

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Rupee Firmly On Recovery Path, Gains 12 Paise

Forex dealers said that besides sustained selling of the greenback by banks and exporters, the dollar's weakness against some currencies overseas backed up the rupee at the Inter-bank Foreign Exchange

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Sensex Up 77 Points Ahead Of RBI Policy Meet

Rising for the third back-to-back session, the Sensex moved up another 77 points on Wednesday with interest-sensitive stocks gaining the most as investors raised bets on RBI's policy decision amid firm global cues

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US Supreme Court Backs Samsung In Smartphone Fight With Apple

The US Supreme Court on Tuesday sided with Samsung in its big-money smartphone patent fight with Apple , throwing out an appeals court ruling that the South Korean company had to pay a $399 million penalty to its American rival for copying key iPhone designs

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PM Narendra Modi's Cash Clampdown Gamble May Force RBI To Cut Interest Rates

An intense cash shortage in India could force the central bank to cut interest rates to a six-year low on Wednesday as Prime Minister Narendra Modi's currency gamble threatens to hit nearly every aspect of the economy, from consumers to supply chains

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Jayalalithaa Buried With Full State Honours, President Mukherjee, PM Modi Pay Homage

Lakhs of grieving men and women on Tuesday bid a tearful adieu to J Jayalalithaa, the charismatic Chief Minister who held sway over Tamil Nadu politics for more than three decades with a pro-poor image, as the AIADMK supremo was buried in Chennai with full state honours

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Just Depositing Black Money Doesn't Make It White, Says Revenue Secretary Hasmukh Adhia

Revenue Secretary Hasmukh Adhia on Tuesday said it is wrong to assume that black money that has come into the banking system following the demonetisation will become white and unless tax is paid on such amount it will continue to be remain black

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