Economy

PE activity may hit record high in 2015: Report

Private equity investments in India are poised to hit a record high this year, surpassing its previous milestone of $14.7 billion in 2007, as a result of large investments in the country’s online start-up sector, according to a research firm. Private equity investments in India are poised to hit a record high this year, surpassing its previous milestone of $14.7 ... Read More »

Rupee closes at 65.41, down 12 paise

T he trading range for the spot USD/INR pair is expected to be within 65.00 to 65.80. The dollar index was trading down by 0.18 per cent as against a basket of six currencies. In Tokyo market, the dollar also maintained its strength on expectations that the Bank of Japan will ease its monetary grip later this month. Meanwhile, the ... Read More »

Indian economy expected to weather global volatility, grow at 7.5%: World Bank

Lifted by the prospects of faster implementation of reforms and a favourable terms-of-trade shock, India is expected to weather global volatility with real GDP growth projected to increase to 7.5 per cent despite a weak export recovery, the World Bank has forecast. Confirming India as the fastest growing among large economies in the world, the bank in its latest report ... Read More »

Rupee ends at 7-week high of 65.29, up 22 paise

The Indian rupee surged by another 22 paise to close at a seven-week high of 65.29 per dollar on persistent selling of the American currency by banks and exporters amid strengthening equities. Weakness of dollar in the overseas market also boosted the rupee value against the dollar. The rupee opened higher at 65.25 per dollar as against the last weekend’s ... Read More »

Switzerland to publish first list of unclaimed assets in December

Having started making public the names of Indians and other foreigners with bank accounts that are under scanner, Switzerland will now publish in December a list of accounts that have remained unclaimed for 60 years.This would be the first time that such a list would be made public by Switzerland , where banks have long been known for keeping top-secret ... Read More »

Germany offers India 2 billion euros for solar energy

You are using an outdated browser. Please upgrade your browser to improve your experience. Germany will provide India more than 2 billion euros ($2.25 billion) for developing a clean energy corridor and solar projects, Prime Minister Narendra Modi said on Monday after talks with Chancellor Angela Merkel . Modi has made ambitious renewable energy targets a key part of his ... Read More »

PM Narendra Modi agrees to fast-track German business deals

India and Germany signed a deal on Monday to fast-track business approvals, an arrangement to make it easier for German companies to operate in Asia’s third largest economy that was announced as Chancellor Angela Merkel visited New Delhi. The fast-track approvals process will ensure that German firms will have a single point of contact in the Indian administration, helping them ... Read More »

Blackmoney disclosure: Govt revises amount higher at Rs 4,147 crore

Government collected Rs 4,147 crore during the 90-day black money disclosure compliance window, which is higher than the previously announced amount of Rs 3,770 crore, Revenue Secretary Hasmukh Adhia said today. Adhia said while the total number of disclosures is 638 as stated last week, the total illegal foreign assets brought to book stands at Rs 4,147 crore. The government’s ... Read More »

Indian economy expected to weather global volatility, grow at 7.5%: World Bank

Lifted by the prospects of faster implementation of reforms and a favourable terms-of-trade shock, India is expected to weather global volatility with real GDP growth projected to increase to 7.5 per cent despite a weak export recovery, the World Bank has forecast. Confirming India as the fastest growing among large economies in the world, the bank in its latest report ... Read More »

Rupee ends at 7-week high of 65.29, up 22 paise

You are using an outdated browser. Please upgrade your browser to improve your experience.  The Indian rupee surged by another 22 paise to close at a seven-week high of 65.29 per dollar on persistent selling of the American currency by banks and exporters amid strengthening equities. Weakness of dollar in the overseas market also boosted the rupee value against the ... Read More »