Billion News

The Centre's Domestic Efficient Lighting Programme will result in savings of up to USD 6.5 billion annually through energy efficiency and also help reduce carbon dioxide emission by 80 million tonnes (MT), Power and Coal Minister Piyush Goyal said Thursday.

Rapper and fashion designer Kanye West, who says he is $53 million in debt, has asked Facebook Inc`s Chief Executive Officer Mark Zuckerberg to invest $1 billion into his "ideas."

Logging fresh one-year high, India's exposure to US government securities reached USD 101.7 billion as the country purchased nearly USD 10 billion worth bonds in just one month.

French IT services company Capgemini will buy IGATE Corp -- a US-based company with a large presence in India -- for USD 4 billion in cash to create an entity with a combined revenue of USD 14 billion to take on rivals like IBM.

The central bank net purchased the currency from the spot market in April 2014-February 2015, according to the central bank data, which comes with a lag of two months.

China on Thursday offered $20 billion in loans and floated the possibility of a "friendship treaty" with Southeast Asian nations, in an apparent bid to defuse regional tensions which spiked this year over contested seas.