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Manufacturing companies utilising less capacity: RBI

Capacity utilisation recorded a decline in the second quarter of 2015-16 over the previous quarter and the year-ago quarter, the Reserve Bank of India (RBI)’s Order Books, Inventories and Capacity Utilisation Survey (OBICUS) survey of manufacturing companies said. The capacity…

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Private Business Hopes for Bigger Role in Vietnam Economy

After a decade of uneven progress, foreign and local businesses hope the reshuffled leadership of Vietnam’s ruling Communist Party will double down on modernizing an economy dominated by state companies.Once a much-hyped rising star among developing Asian nations, foreign perceptions…

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India's energy demand to double in next 25 years

India’s energy demand is likely to almost double in next 25 years as the economy is estimated to expand to $9 trillion by 2040, US oil major ExxonMobil said in its Energy Outlook 2040.”Through 2040, we see China, India and…

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Bharti Infratel net profit up 12% at Rs 565 crore

Telecom tower company Bharti Infratel today reported 12 per cent jump in net profit to Rs 565 crore for the quarter ended December 31 on “aggressive” rollout of 3G and 4G networks by mobile operators.It had, in comparison, reported net…

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200 SEZs likely to be exempt from 18.5% MAT

Enterprises operating from over 200 Special Economic Zones (SEZs) in the country are likely to be exempted from the minimum alternative tax (MAT) of 18.5 per cent on their book profits. The Union commerce ministry is understood to have made…

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China Stocks Fall to 13-Month Low After Industrial Profits Slide

China?s stocks fell to a 13-month low as slumping industrial companies? profits increased concern the economic slowdown is deepening.The Shanghai Composite Index dropped 0.5 percent to 2,735.56 at the close, extending Tuesday?s 6.4 percent plunge. Airlines and power producers led…

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