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Online shopping set to rise 78% this year: study

Online buying is set to witness a boost this year on the back of attractive deals and aggressive marketing with average online purchases expected to increase by 78 per cent in 2016 from 66 per cent in 2015, a study…

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Starwood plans to accept Anbang's bid

Starwood Hotels & Resorts Worldwide, owner of brands such as Westin, Sheraton and W, said it plans to accept a $13.2 billion takeover bid by China’s Anbang Insurance Group Co. and gave suitor Marriott International Inc a deadline to make…

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China says economy improving, capital outflows cooling

China’s economy is showing signs of improvement while capital outflows from the country are moderating, top Chinese officials said on Sunday, seeking to shore up fragile investor confidence after recent market volatility.Chinese leaders have repeatedly tried to reassure jittery financial…

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RBI stocks up on forex reserves for the rainy day

Between the end of February and March 11, $6.5 billion were added to the country?s forex reserves. This has been the trend over the last 12 months; the Reserve Bank of India has been adding to the reserves at every…

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FDI in food processing: FM holds meeting with officials

Finance Minister Arun Jaitley held a meeting with top officials of food processing, commerce and industry ministries to work out the modalities for allowing 100 per cent FDI in marketing and processing of foods products. After the finalisation of the…

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Russia c.bank revises down 2016-18 growth forecasts

Russia’s central bank was marginally more pessimistic on the outlook for the Russian economy in the next three years in a quarterly monetary policy update released on Friday, lowering forecasts as it expects oil prices to be weaker than previously.a…

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