Here are the top 5 business news for the day.
Here are the top 5 business news for the day:
1. China's economy grew 6.8% in Q4, slowest in 25 years
China's gross domestic product growth slowed to 6.9% in 2015, official data shows, the weakest annual rate in a quarter of a century for the world's second-largest economy, a mounting concern for global investors.
The figure was the slowest in the People's Republic since the 3.8% of 1990, a year after the bloody Tiananmen Square crackdown rocked the country and isolated it internationally. Read more here.
2. Petrol price rises by 96 paise/litre; diesel up 53 paise
Petrol price in Delhi was on Tuesday hiked by 96 paise per litre and diesel by 53 paise after the state government raised VAT or local sales tax on the two fuels.
The Delhi government last night raised VAT on petrol to 27% from 25%, resulting in a 96 paise a litre hike in retail pump rates. Read more here.
3. India home to 2.36 lakh millionaires: Asia-Pacific 2016 Wealth Report
India is home to the fourth largest population of millionaires in the Asia-Pacific region, with 2.36 lakh such high net worth individuals, while Japan topped the list with 12.60 lakh people, a report says. Read more here.
4. Flipkart, Snapdeal, Jabong, 21 others under ED scanner for flouting FDI norms
After a retailers' association in New Delhi and the Delhi High Court, the Enforcement Directorate has now pulled up e-commerce companies in India for allegedly flouting foreign investment norms in the country.
Out of 21 e-commerce companies, the ED is likely to submit a report on in February on eight companies including, Flipkart, Snapdeal, Jabong, and so on. Read more here.
5. Interpol re-notifies RCN against Britisher in Rs 3,600 crore VVIP chopper deal
Interpol has re-notified a global Red Corner Notice (RCN) against a British national, alleged to be a middleman in the Rs 3,600-crore VVIP chopper deal, on charges of money laundering pressed against him by the ED. Read more here.
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