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28 August 2015, 02:56

Falling prices, not markets, the real headache for Chinese firms

NINGHAI, China The dramatic collapse of China's stock markets has shaken global investors, but for Chinese factory executives the real problem is a decline of another kind - the remorseless erosion of profits thanks to nearly four years of price ...
Reuters India, 9 min(s) ago
Also from: The Financial Chronicle

PM Modi concerned over steep airfare hikes

NEW DELHI: Prime Minister Narendra Modi has expressed concern over the frequent sharp hikes in airfares, especially during peak travel times and when someone has to buy a ticket on short notice to travel for an emergency. In a meeting with the ...
Times of India, 19 min(s) ago
Also from: Business Standard, Business Insider India and 4 other sources

US economy grows at 3.7% in second quarter

US stocks up sharply on the GDP data
Business Standard, 1 hour(s) ago
Also from: MSN India, Business Standard and 2 other sources

DCB Bank aims to have 300 branches

DCB Bank Ltd., an agriculture and inclusive banking focused bank, plans to expand its presence all over the country by opening about 300+ branches in the next two to three years, said a top official of the bank. The bank which provides a range of ...
Asian Age, 52 min(s) ago
Also from: DNA, Business Standard and 8 other sources

SEBI plans to make bond issuance online from November

The Securities and Exchange Board of India (Sebi) plans to overhaul the corporate debt market by pushing all issuance onto an electronic platform as early as November, sources with direct knowledge of the plan said, in a bid to boost
Asian Age, 52 min(s) ago
Also from: Business Today India, Sify and 3 other sources

US stocks advance after stronger GDP data amid global rally

US stocks extended their rally on Thursday, raising hopes that the worst of Wall Street's recent turmoil was behind it, after further evidence that the economy was on a solid footing. The three major indices were up more than 2% in early ...
Livemint.com, 1 hour(s) ago
Also from: Financial Express, Business Insider India and 6 other sources

Oil Soars Over 8% as Deep Shorts Scramble for Cover

New York : Oil rocketed more than 8 per cent higher on Thursday, posting its biggest one-day rally in years, as recovering equity markets and news of diminished crude supplies set off a short-covering surge by bearish traders. Snapping back ...
NDTV Profit, 3 hour(s) ago
Also from: Livemint.com, Business Standard and 1 other source

Cess on airfare in the air

The government is planning to impose a cess of 2 per cent on air tickets in the new civil aviation policy.
The Telegraph, 1 hour(s) ago
Also from: NDTV Profit, Rediff.com

China looks to calm markets

China has been so surprised by the global reaction to its currency devaluation that it is likely to keep the yuan on a tight leash in the near-term
Business Standard, 1 hour(s) ago
Also from: Business Standard, Money Control and 1 other source

Cabinet note on monetary policy panel prepared: Sinha

Sinha said the government and the Reserve Bank of India (RBI) had reached a consensus on the MPC, reiterating the stance taken by Finance Secretary Rajiv Mehrishi last month
Business Standard, 1 hour(s) ago
Also from: Business Standard, Economic Times

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