Economy News

India's steel production rose 8.1% since July 2015: WSA

India produced 8.1 million tonnes of crude steel last month, according to World Steel Association.

Aug 23, 2016

Illegal construction in Bengaluru: Will my house be demolished next, ask worried residents

Residents of Bengaluru (Bangalore) are panicking ever since the BBMP went on a drive to remove illegal constructions over drains and lakes.

Aug 22, 2016

Ficci, BCIC, CII give thumbs up to Urjit Patel's appointment as RBI governor

The appointment of Urjit Patel as successor to RBI Governor Raghuram Rajan sends a positive signal to investors, they say.

Aug 22, 2016

India to have 50 more operational airports by 2019

The government is planning to utilise the inactive airports in the country in a bid to increase regional connectivity.

Aug 22, 2016

Provident fund subscribers can expect higher interest rate, stocks markets willing

If the government decides to invest more PF money in stock markets, the interest rate could go up, benefiting millions of employees.

Aug 22, 2016

Punjab National Bank makes locker visit free; eliminates cap of 12 free visits

PNB removes the cap of 12 free visits to its locker in a year, making locker visits free for its customers.

Aug 21, 2016

New RBI governor Urjit Patel to head monetary policy panel

The decisions whether to cut the policy rates or not will be taken by the majority of the 6-member panel.

Aug 21, 2016

Andhra Pradesh to have first private sector Light Combat Aircraft manufacturing unit

The weapons integration unit is estimated to cost Rs. 2,135 crore.

Aug 21, 2016

China's high-speed train maker begins India operations, plans more plants

CRRC is planning to build more plants to produce trains, locomotive traction systems and other key parts in India.

Aug 21, 2016

Urjit Patel appointed new Reserve Bank of India governor, to replace Raghuram Rajan

The announcement appointing current RBI deputy governor Urjit Patel as successor to Rajan was made on Saturday.

Aug 20, 2016

India's foreign exchange reserves rise marginally to $365.82 billion

In its weekly supplement, the RBI said India's foreign exchange reserves rose $73.2 million to $365.82 billion for the week ended Aug. 12.

Aug 20, 2016

Domestic air traffic: How IndiGo, Jet Airways, Air India, Go Air, AirAsia India, Vistara performed in July

Jet Airways, Go Air, AirAsia India, IndiGo, Vistara and Air India reported divergent trends, according to DGCA data.

Aug 20, 2016

Bengaluru has many tech parks, shopping malls built on encroached land: BJP member Ramesh

Tech parks and shopping malls built on storm water drains should also be demolished, says Bengaluru BJP member N R Ramesh.

Aug 19, 2016

India to negotiate air service agreements with six countries: Report

Greece, which does not have any foreign rights with India so far, is considering a deal for the first time.

Aug 19, 2016

Brent crude oil prices dip on US profit taking

Brent crude oil prices dipped in early Asian trading hours on Friday, but remained near two-month highs with Brent still holding above $50 per barrel in a bull-run.

Aug 19, 2016