PM Modi meets officials of power utilities to tackle mounting debt

Last Updated: Monday, September 14, 2015, 15:31

The combined debt of power distribution companies (discoms) stands at over Rs 3 lakh crore. Faced with acute financial stress, many of these are unable to buy power.

PM Modi to visit Facebook HQ, may drop in at Google campus

Last Updated: Sunday, September 13, 2015, 13:25

Modi on his second visit to the US, will be visiting the headquarters of Facebook in Silicon Valley's Menlo Park for a townhall Q&A, the company's founder Mark Zuckerberg announced on Sunday.

In India, utility debts threaten Modi's power-for-all drive

Last Updated: Sunday, September 13, 2015, 09:35

States who cannot pay banks what they owe over the next few years could be forced to turn to the central government for help, putting pressure on India`s consolidated fiscal deficit.

Manmohan, Montek were reluctant reformers: Arun Maria

Last Updated: Friday, September 11, 2015, 14:12

Former Planning Commission member Arun Maira has revealed that former Prime Minister Manmohan Singh had inducted him as a change management expert but never backed any changes.

Govt gives ex-post-facto nod to capital infusion in EXIM Bank

Last Updated: Wednesday, September 9, 2015, 20:20

The government on Wednesday gave its ex-post-facto approval to 800 crore capital infusion made in the Export Import Bank of India (EXIM Bank).

Govt sending conflicting signals on reforms: Rahul Bajaj

Last Updated: Wednesday, September 9, 2015, 19:40

Noted industrialist Rahul Bajaj Wednesday criticised the Modi government saying it was sending conflicting signals on reforms and asked BJP to extend its hand of friendship to Congress to end the deadlock in Parliament.

Cabinet allows 100% FDI under automatic route for white label ATMs

Last Updated: Wednesday, September 9, 2015, 17:12

The Cabinet on Wednesday permitted 100 percent foreign direct investment (FDI) under the automatic route for white label ATM operations, a move that is aimed at promoting financial inclusion.

Industry steps up call for cheaper capital at meet with PM

Last Updated: Tuesday, September 8, 2015, 22:29

The top honchos of India Inc, who met with Prime Minister Narendra Modi Tuesday, highlighted the need for lower cost of capital to boost investments, propping up rural demand and more measures for ease of doing business.

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.

Sensex close to erasing gains since Modi came to power

Last Updated: Tuesday, September 8, 2015, 13:42

The BSE Sensex is down 16 percent from a record high touched in early March and only about 1 to 1.5 percentage points away from the levels it was trading at in late May.

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.

PM Modi meets India Inc amid global gloom in markets

Last Updated: Tuesday, September 8, 2015, 11:21

Prime Minister Narendra Modi on Tuesday chaired a high level meeting on global economic scenario with about 40 captains of industry and leading economists at his Race Course Road residence.