Economy News

RBI chief Urjit Patel favours merger of public sector banks

It would help deal with the problem of non-performing assets (NPA) of state-owned banks, Patel said.

Apr 25, 2017

India's oil and gas sector at a glance

The government's official body, the Petroleum and Planning Analysis Cell (PPAC), has come out with its report for FY2017.

Apr 24, 2017

India's economy poised to hit $7.25 trillion by 2030: NITI Aayog

On Sunday, PM Narendra Modi met state chief ministers and senior members of government's think-tank NITI Aayog to discuss many issues.

Apr 24, 2017

Australian retailers to 'wage war' against Amazon

Some analysts have said Amazon could take in as much as three billion dollars in sales in its first five years in Australia.

Apr 24, 2017

PM Modi's cooking gas drive makes India world's second-largest LPG importer in FY2017

In FY2017, India imported 11 million tonnes of LPG, racing ahead of Japan's 10.6 million tonnes, while China remains world's top importer; PM Narendra Modi has been aggressively pushing gas-for-all-households.

Apr 24, 2017

Nano-technology will soon make GM obsolete: MS Swaminathan

Speaking on the efforts for commercial cultivation of GM crops in India as well as the opposition to this by environment activists, Swaminathan said there was no clear public policy on GM crops.

Apr 23, 2017

Waiting for green cards, Indian visa-holders see hope in Trump review

Estimates show there are some 1.5 million H-1B visa holders in the country waiting for green cards, many of whom are from India.

Apr 22, 2017

Global steel demand likely to slow down next year: World Steel Association

From 1.3 percent growth rate forecast for this year, global steel demand is expected to rise 0.9 percent next year, mainly due to modest uptick in China, says WSA.

Apr 22, 2017

Trump to announce important tax reforms next week

US Treasury Secretary Steven Mnuchin said on Friday that the government is "pretty close" to having it ready to announce.

Apr 22, 2017

Indian software professionals, IT firms fret as US president Donald Trump orders US visa review

Trump's decision was not a huge surprise, given his election campaign pledge to put American jobs first.

Apr 22, 2017

Foreign tourist arrivals into India on the decline since December

Foreign tourist arrivals (FTAs) have been falling over the past four months, indicating tough times for the $20 billion business annually.

Apr 21, 2017

Northeast Frontier Railway tops in passenger traffic growth

NFR recorded a 6.22 percent growth in passenger traffic, highest growth rate among all zones.

Apr 20, 2017

Yamuna Expressway Authority cancels 17 housing projects shattering dreams of many buyers

The Yamuna Expressway Industrial Development Authority handles the road and real estate projects spanning 334 villages in Uttar Pradesh.

Apr 20, 2017

Layoffs in IT sector not ruled out: Assocham

India's multi-billion information technology (IT) is feeling the heat of a rising rupee, new curbs on H-1B visa.

Apr 19, 2017

Foreign direct investment by Indian companies rises sharply in March

Investments by Indian companies abroad spike more than two-fold in comparison to February 2017 figures, according to RBI data.

Apr 18, 2017