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Figures slide even as eight out of ten companies plan to increase investment, says Business Climate Survey 2015-16 conducted by the Swedish Chambers of Commerce

Iran agreed to buy 118 Airbus jets worth $27 billion at list prices, including a dozen A380 superjumbos, after international sanctions were lifted against Tehran this month. The order for 73 wide-body and 45 narrow-body jets allows Airbus to steal a march on US rival Boeing.

The business sentiment of Swedish companies operating here has dampened over last year. Around half of 141 Swedish companies said the current business climate in India is very favourable, compared with 60% last year.

Ahead of the Union Budget, RBI governor Raghuram Rajan on Friday warned against generating economic growth through additional debt saying that any deviation from the fiscal consolidation path will hurt stability of the economy.

In a break with tradition, 15 Chinese coal mining groups have said they will close operations and allow workers to leave their posts during the Lunar New Year holidays next month, taking some pressure off a sector burdened by massive overcapacity.

India's fiscal deficit was 4.88 trillion rupees during April-December, or 87.9 per cent of the full-year target, government data showed on Friday. The deficit was 100.2 per cent of the full-year target during the same period a year ago.

Clothing companies H&M, Inditex, C&A and PVH have committed to improving the lives of workers in Bengaluru, after a report said employees lived in appalling conditions and were denied decent wages and freedom of movement.

India on Friday revised down its annual economic growth for the fiscal year that ended in March 2015 to 7.2 per cent from 7.3 per cent reported earlier. The federal statistics office also lowered growth for the fiscal year to end-March 2014 to 6.6 per cent from 6.9 per cent ...

Japan led global stock markets higher on Friday after its central bank introduced a negative interest rate policy in the latest move to overcome malaise in the third-biggest economy. The yen dived against the dollar and the euro.

Drug major Dr Reddy's Laboratories has received US health regulator's approval to market ZembraceSymTouch injection, a drug device combination product intended for the treatment of acute migraine, in the American market.