Will shaky finances further delay I 69 work

Despite the rocky finances of the parent company of the lead contractor on key section of I-69 through Bloomington, the state says it has not changed its plans to pay I-69 Development Partners in advance to finish construction. Isolux Corsan, the Spanish parent company of the lead contractor, has started the process to avoid insolvency, Reuters reported. Isolux More...

by Loknath Das | Published 3 months ago
By Loknath Das On Saturday, April 8th, 2017
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Currency misalignment gains stature in Trump trade plans with China

President Donald Trump promised to label China a currency manipulator on his first day in office, but after 77 days, his administration is touting a new term: “currency misalignment.”   An administration More...

By Loknath Das On Saturday, April 8th, 2017
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Handset companies may gain under GST too

NEW DELHI: The government appeared to be working towards creating alternative solutions to continue duty differential such that making mobile phones in India remains an attractive proposition even under the goods More...

By Loknath Das On Saturday, April 8th, 2017
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Banks likely to slash interest rate on savings accounts and deposits this fiscal

It’s raining bad news for small savers and depositors as interest rates on savings and bank deposits are set to trend lower in the new fiscal. The government has announced lowering of interest rates on financial More...

By subhadip On Monday, February 13th, 2017
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I took a trip to Mars in 2117 and it was exactly like ‘Star Wars’

The skies are different shades of red while my space pod narrowly avoids a larger flying vehicle above. A gold monument adorns a large white plaza where thousands of humans are walking around. A welcome message More...

By subhadip On Monday, February 13th, 2017
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Fed could take the wheel from Trump and drive markets this week

The Federal Reserve could rival the White House as a source of volatility in the week ahead. Since he was elected, President Donald Trump has taken the driver’s seat for markets, pushing the obsessive focus More...

By subhadip On Wednesday, January 18th, 2017
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UK consumers to be more cautious spenders, GDP growth to slow – Reuters poll

British consumers will be cautious about spending this year as inflation soars, but the country will avoid recession as the Bank of England is expected to maintain its ultra-easy policy stance, a Reuters poll found. Britons More...

By subhadip On Wednesday, January 18th, 2017
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Public finances ‘unsustainable’ says OBR

The chancellor is likely to find it impossible to balance the books in the years ahead without increasing taxes or cutting spending, the Office for Budget Responsibility (OBR) has warned. The OBR said the public More...

By subhadip On Wednesday, January 18th, 2017
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Rising inflation hurts outlook for UK households – survey

Rising inflation weighed on the financial outlook of British households in January, a survey showed on Wednesday, an early sign that price pressures caused by sterling’s fall after the Brexit vote may be More...

By subhadip On Tuesday, January 3rd, 2017
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Gunman in Istanbul nightclub attack may have trained in Syria

The gunman who killed 39 people in an Istanbul nightclub on New Year’s Day in an attack claimed by Islamic State appears to have been well versed in guerrilla warfare and may have trained in Syria, a newspaper More...