Economy News

Demand outlook for steel remains weak, says World Steel Association

Global steel demand in 2017 would improve marginally to 1,510 mt from 1,501 mt this year, says World Steel Association.

Oct 12, 2016

Inflation seen cooling to one-year low in September

The latest poll of over 30 economists showed retail inflation probably eased further last month to 4.80 percent.

Oct 12, 2016

1 MDB scandal: Singapore penalises Falcon Bank, DBS, UBS; to decide on Standard Chartered Bank soon

The Monetary Authority of Singapore (MAS) penalises Falcon Bank, DBS, UBS; awaits assessment of Standard Chartered Bank.

Oct 12, 2016

Andhra Pradesh registers 20% rise in tourist arrivals in January-August 2016

Anantapur district is the "most visited destination" by foreign tourists.

Oct 11, 2016

Indian Railways to introduce coaches with glass roof soon

The aim of introducing glass-ceiling coaches is to boost tourism in the country.

Oct 11, 2016

7th Pay Commission: Govt sources claim disability pension for defence services 'not reduced'

Reports indicated the government has notified a new set of rules for granting disability pensions to the armed forces.

Oct 11, 2016

Oliver Hart and Bengt Holmstrom awarded 2016 Nobel Prize in Economics for Contract Theory

Indian-origin economist Amartya Sen had won the award in 1998.

Oct 10, 2016

India, UAE to hold bilateral talks on trade, geopolitics ahead of crown prince's R-Day visit

UAE is looking to invest in India's growing real estate sector apart from ports and hydro-carbon fields.

Oct 10, 2016

India seizes more illegal Chinese firecrackers; Indians call for boycott of Chinese products this Diwali

The Central Board of Excise and Customs warned about "illegal foreign origin firecrackers" that are hazardous in nature.

Oct 10, 2016

ICICI, Sundaram, IDBI and Reliance Mutual Funds launch new schemes

Equity and debt investment options are on offer by ICICI, Sundaram, IDBI and Reliance Mutual Funds.

Oct 10, 2016

Here is the full text of FM Arun Jaitley's speech at IMFC Plenary on 'IMF Institutional Issues'

The speech was delivered by Arun Jaitley at Washington on Saturday (Oct. 8).

Oct 10, 2016

7th Pay Commission: Finance Ministry abolishes 7 advances to Central government employees

It includes festival advances for leave salary, law suits, bicycle, warm clothing and natural calamity, as proposed by 7th pay commission.

Oct 10, 2016

Q2FY17 preview: Analysts expect IT sector to clock the worst performance in 10 years

Some of the reasons could be the slow growth in the banking and financial sector and Brexit among other things.

Oct 10, 2016

Govt to invite bids for developing waterways project

Funding for the project would come via extra budgetary support, public-private partnerships and central road fund cess.

Oct 9, 2016

Consumer durable companies confident of buoyant sales this festive season

A consumer electronics and appliances body says that business is likely to increase by 15-20 per cent this festive season.

Oct 8, 2016