Latest Economy & Business News
In a recent data declared by the Reserve Bank of India (RBI) it was seen that the Foreign Exchange Reserve or the Forex for India has gone up, as compared to the last month. There was a rise to USD 292.33 billion by an amount of USD 1.26 billion. This increase was measured till the […]
Samsung Electronics were ordered to pay $290 million to the Apple for being guilty of infringement of the patents of Apple. This order was passed by the jury in Silicon Valley.
In today’s economy the major problem is the excessive hiking of the prices of the food products.
Climatic and weather changes are abrupt and cannot be in anyway controlled by human activity. So investors are now being affected by such climatic hazards that are taking place round the world. The entire investment portfolios are being changed and assets are being reviewed by investors before investing at any place at any corner of […]
A survey conducted by the Confederation of Indian Industry or the CII shows that the industry of insurance which had been facing a heavy cash crunch can register a fall of below 5% during the current fiscal year. About half of the majors of insurance had surveyed and declared that there would be negative growth […]
DOT the (department of Telecommunication) have issued a legal notice to Bharti Airtel and have imposed Rs. 650 crore for breach of subscriber norms related to the violation of license agreement of roaming services. Irrespective of the regulation norms being violated during the years 2003 and 2005 no legal charges have been imposed so far […]
It has reported that more than thousands of financial bankers are to be affected with the European Union’s bonus cap getting tightened up and soon it emerged yesterday. It has claimed that any employee with the earning capacity of more than €500,000 (£420,000) annually is to be held as “materially risk taker” and this is the […]
It is said that truth is stranger than fiction and in real life there are several such incidents which have failed to bear a minimum resemblances. Films are supposed to be the manifestation of real life events, however in financial market the situation appears to be different.
BMW has been alleged for the payment of $650 crore duty evasion charges on account of its malpractices. This escalating value on this luxury brand charged was due to the fact that it has brought completely knocked down car units while paying the duty for semi knocked units. Therefore Central Board of excise and customs […]
Over the past few years, the worldwide price of silver has appreciated by 354% and hence, it has become a very attractive piece of investment, both to the common man and also business houses.
E-shopping or online shopping has seen a surge in growth among Indian consumers. With consumers switching to online research before making a final buying decision carves out the fact of rising online marketing influence on consumer’s mind.
BP authorities has finally admitted their guilt and agreed to pay $4.5 billion as fine to the Federal Government and it is going to be the biggest fine by any corporate in US history. This was confirmed by US Attorney General Eric Holder in New Orleans.
The atmosphere of battle is all set for the fiscal cliff at Washington. In very recent interview with a news channel Mr. John Boehner from Ohio, being the speaker of the house said that the increases in the tax rates are totally unacceptable. It is very well known that the country is all set to face […]
CAG has demanded a performance audit in RIL as the former believes that company has been involved in malpractices. In response to the same, RIL has retaliated with a financial audit to be executed as a norm, not a performance audit that is not mentioned in the contract.
The news of collapse of Lehman Brothers is old now and the most recent announcement which created big news in the financial sector is that UBS is planning to lay off around 3000 employees from their London office.
The global finance sector is shocked to know that Euro against Dollar recorded a two weeks low. Aside to this a fall was noticed against Yen on the last day of the previous week that is on Friday, 26th of October, 2012. The traders of the share market are citing their concern for Greece for […]
As we all are updated about the latest news on the chances of Hurricane Sandy attack on US coasts, a addition in the news has come that the second largest refinery located in the U.S. East Coast has shut down on last Sunday along with three other refineries cutting down the output .
It has been a year after the death of the immaculate co-founder of Apple, Steve Jobs and reports claim that the replacement of this amazing personality by Tim Cook have not only increased the profit margin of the company but also introduced more ethics in the company environment.
As of late, China is undergoing a heavy setback in terms of growth in the economic world. Beijing has not shown any promising news headlines since a long time now as far as stimulus is concerned and this is surely against the theories of some good market analysts.
All the commercial as well as business activities across India will most probably be crippled owing to the 2 day strike that the banking employees have planned to take up from Wednesday, as reported today by a bank-union official.