Indian Economy, Finance And Business

Sebi upgrading surveillance for CommExes

India's securities market regulator Sebi is upgrading and strengthening its surveillance system on commodity exchanges (CommExes). Recently, Sebi has barred 16 commodity trading members from trading for manipulating castor seed futures. National Commodity & Derivatives Exchange (NCDEX) is also enhancing and strengthening surveillance system for commodity exchanges in the country.

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GazProm Takes $2.17 Billion Loan From China

Russian energy company GazProm signed a loan agreement with Bank of China on Thursday. GazProm borrowed €2 billion ($2.17 billion) on a 5-year term

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Union Budget 2016: Arun Jaitely Presents His Third Budget In Parliament

FIIs extending support to Indian stocks

Indian stock markets recorded gains from continuous buying support from foreign institutional investors (FIIs). Encouraging global cues also led the stocks gain on Indian bourses. The latest institutional support made the best three-session rally since September 2013.

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Wall Street gains prop up stocks in Asia, Australia

Encouraging gains on Wall Street were propelling up stocks in Asia and Australia. Barring Hang Kong and Japan, all the major market benchmark indices in Asia and Australia, rose.

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Chinese 100 Yuan banknote and the Chinese flag.

China Will Relax Measures on Foreign Investment in High Tech and Green Industry

China will lower threshold for foreign investment and advance the revision on relevant regulation. China targets to attract more foreign investment in the country.

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2014 World Internet Conference - Preview

Jack Ma To Extend His Media Dynasty Through Acquiring Stake In Caixin Media

Ma is going to expand his control in media arena through acquiring stake in Caixin Media. However, the media company has confirmed that the potential investors primarily agreed not to interfere in Caixin’s editorial interest. Details of the possible deal hasn’t been available from either party.

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Closing Day Of The World Economic Forum (WEF) 2016

Arun Jaitley, Indian FM, Explains Disputed Tax Provisions On EPF Withdrawals, Hints For Partial Rollback

Indian Finance Minister has apparently faced the brunt of imposing tax on withdrawals from EPF. Ahead of widespread criticism, he has explained certain provisions in the proposed budget arguing in its favor. However, he has hinted for a partial rollback.

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CaixaBank may acquire Isabel Dos Santos' stake in BPI

Spain-based Caixabank is planning to buy the stake of Isabel Dos Santos in Portugal's Banco BPI SA. The negotiations over the acquisition are still going on and may be completed soon.

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G20 Finance Ministers and Central Bank Governors Meet In Shanghai

China to lower cap on foreign investments in 2016

The world's second largest economy will lower threshold for foreign investments in 2016. The Commerce Ministry of China has confirmed that the government is in the process of lowering the limit on foreign investment for 2016 year. China recorded 6.4 percent growth in foreign direct investment during 2015.

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Images Of Mobile Phone Carriers And Users As MyRepublic Seeks To Become Nation's Fourth Provider

MyRepublic Ltd. Seek Profit in Three Years as The Fourth Singapore's Mobile-Phone Carrier Provider

Internet service provider MyRepublic bid to become the fourth mobile-phone carrier in Singapore. The company aim to reach profit within three years of operation.

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$59-bln Dell-EMC deal is in progress: Michael Dell

The Dell's acquisition of EMC Corp for $59 billion is going ahead as per the schedule. EMC shareholders are expected to vote on the deal in May. Dell's Michael Dell said in a memo that the deal would be completed according to the stipulated schedule.

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 Images Of Mobile Phone Carriers And Users As MyRepublic Seeks To Become Nation's Fourth Provider

Hong Kong Based Mobvista Acquires Mobile Ad Developing Startup NativeX For $24.5 Million

The bigger companies are getting global through acquiring operations in the regional markets, which has become a trend in the multi-billion dollar market. Following the trend, Hong Kong based firm Mobvista has announced on Monday acquiring NativeX for $24.5 million. Through the deal, NativeX has been expected to contribute for achieving Mobvista’s international goals and successes.

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Union Budget 2016: Arun Jaitely Presents His Third Budget In Parliament : News Photo Comp Union Budget 2016: Arun Jaitely Presents His Third Budget In Parliament

India's defense budget down to 1.65% of GDP

India's budget allocation for the defense sector fell for the first time in the latest Union Budget-2016. India had been increasing military budget since its war with China 1962. It was notably down to 1.65 percent from 1.74 percent in previous budget.

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Workers Sacked After Toy Factories Shutdown In South China Amid Global Financial Crisis

China to lay off 6 million state workers

China has decided to layoff millions of workers from 'zombie enterprises' in the next two to three years. For relocating retrenched workers, the government will spend Yuan 100 billion ($15.27 billion). China's economy is suffering from industrial overcapacity and pollution levels.

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Startup Entrepreneurs At Jerusalem Venture Partners Tech Hub

Israeli investment firms get $665 million in 2016

Israel is witnessing an increasing number of new venture capital (VC) firms coming up. The country registered an inflow of $665 million VC funding during the first two months of the year. Unfazed with the recent market crash, the funds inflows continue for Israel startups.

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