Global economic situation an opportunity for India: Jaitley

Last Updated: Tuesday, September 8, 2015, 18:35

Describing India as transiently impacted by recent events in China, Finance Minister Arun Jaitley on Tuesday said the global situation instead presented an opportunity for the country as it is a net importer of commodities and oil is in free fall.

China scraps dividend tax for long-term investors

Last Updated: Tuesday, September 8, 2015, 18:15

Chinese investors holding a stock for more than one year will be exempted from a 5-percent dividend tax from Tuesday, a move aimed at boosting long term investment following recent stock market collapse in the world's second biggest economy.

PM Modi seeks to capitalise on China's market woes

Last Updated: Tuesday, September 8, 2015, 18:07

Modi reportedly urged business leaders including Reliance Industries owner Mukesh Ambani -- India`s wealthiest man -- to take greater risks and scale up investments as concerns over China`s economy grow.

European stocks rally on eurozone data, Shanghai gains

Last Updated: Tuesday, September 8, 2015, 17:40

Europe`s main stock markets rallied Tuesday on upwardly revised eurozone economic growth data and gains in Shanghai, dealers said.

Uber raises $1.5 bn for Chinese branch: Source

Last Updated: Tuesday, September 8, 2015, 17:09

Uber, the app-based car service has raised $1.2 billion to keep expanding Uber China, a source close to the efforts said.

China's foreign trade declines, record drop of forex reserves

Last Updated: Tuesday, September 8, 2015, 17:04

China Tuesday said its foreign trade in August decreased 9.7 percent year on year to about USD 320.8 billion amid rising concerns over the record drop of USD 93.9 billion in the Communist giant's foreign exchange reserves last month.

PM Modi asks India Inc if China's pain can be India's gain

Last Updated: Tuesday, September 8, 2015, 13:29

The International Monetary Fund considers India`s economy a rare bright spot among emerging markets and Modi sees a chance to attract more foreign investment as money flows out of China.

China slowdown may have an impact on India: Chinese think tank

Last Updated: Tuesday, September 8, 2015, 13:23

Titled 'Can India benefit from Chinese economic slowdown? Think twice,' the article said the success of the Indian economy is more linked to internal factors.

Asian stocks hold gains after China data in volatile trade

Last Updated: Tuesday, September 8, 2015, 10:53

The weak data raised expectations of more policy easing in the coming months. A Reuters poll at end-August showed a 80 percent of respondents expected a further cut in the reserve requirement ratio and 70 percent saw a chance of interest rate cuts.

China August exports fall 5.5%, better than forecasts, but imports disappoint

Last Updated: Tuesday, September 8, 2015, 08:42

That left the country with a trade surplus of $60.24 billion for the month, the General Administration of Customs said on Tuesday, compared with forecasts of $48.20 billion.

Uber to enter 100 new Chinese cities in next 12 months: CEO

Last Updated: Tuesday, September 8, 2015, 08:37

Kalanick made the comments at an event held by Uber investor Baidu Inc in Beijing. On Monday, Uber China said it had raised $1.2 billion as part of an ongoing fundraising round.