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MDG : Brics leaders at Brazil summit

Bangladesh to join $50 billion BRICS Bank

Post prime minister’s go ahead, Bangladesh to join $50 billion BRICS Bank. Bangladesh has expressed its willingness to join the $50 billion BRICS Bank in an announcement made by the country’s finance minister, AMA Muhith, on August...
Tata Motors sees 8 percent hike in profits

Tata Motors sees 8 percent hike in profits

With a three-fold rise since November 2013, India’s Tata Motors sees 8 percent hike in profits. India’s largest automaker, Tata Motors sees 8 percent hike in profits, as its net income jumped to $883 million in the second quarter...
Jet Airways reports loss first quarter

India’s Jet Airways shows $35 million loss in Q1

India’s second largest airline by market share, Jet Airways shows $35 million loss in Q1. Announcing its sixth quarterly drop in a row, India’s Jet Airways shows $35 million loss in Q1 for this year, in a released company statement...
WH

WH Group shares increase by 10% on Hong Kong stock market debut

China’s WH Group has a successful first round at the Hong Kong stock exchange. Chinese pork firm – WH Group – witnessed a 10% surge as they made their debut at the Hong Kong Stock Exchange on Tuesday, August 5th 2014. The...
ATM cash

ATM holders to have two free withdrawals from third party ATMs

ATM card holders earlier had the benefit of having five free withdrawals from third party ATMs in a month. But now the number will be down to two for the account holders in the cities. Meanwhile the Reserve Bank of India has asked to continue...

India’s Tata Group to invest $35 bn in next 3 years

In a bid to strengthen global position Tata Group to invest $35 bn in next 3 years. India’s largest conglomerate – Tata Group – is all set to invest $35 billion in the next 3 years, the investments will range across various...
economy

Manufacturing activity in China at 18-month high, HSBC survey

China shows signs of economy boost with increased manufacturing activity. An initial survey by HSBC has revealed that the manufacturing activity in China has grown at its fastest pace in 18 months in July, 2014. This latest survey will calm...
India budget

New Indian government unveils maiden budget

India gets its first budget under the new Narendra Modi government. Indian Finance minister Arun Jaitley unveiled the country’s first budget under the new government. The budget speech was read out at the Parliament in New Delhi on Thursday...
An employee counts money at a fuel station in Kolkata

Diesel prices slashed due to loss in sales

During recent times, losses has been noticed in the sales of diesel which has led to a record low of Rs. 1.62 per litre. This has increased the chances of the deregulation of the most consumed fuel of the nation. If the Indian rupee continues...
credit card

China’s credit card sector hit by bad debts, says survey by NetEase

China’s credit card sector reportedly hit by a spate of bad debts. A recent survey conducted by China-based Internet technology company – NetEase – came out with a report on June 5, 2014. The survey’s findings have stated...