Economy News

FIPB to consider 15 foreign investment proposals next week

The board will decide proposals of IBM India, Morgan Stanley India Primary Dealer and BNP Paribas Asset Management, among others.

Sep 19, 2016

IDS 2016: Taxman gets ready to go after defaulters once amnesty scheme ends

The Income Declaration Scheme (IDS) 2016 is a one-time chance to come clean on undisclosed income.

Sep 19, 2016

India approves transnational highway project worth $1 billion

The highway project, funded by the Asian Development Bank, will connect India with Bangladesh, Bhutan and Nepal.

Sep 18, 2016

Germans protest against Obama-backed trade deals

Germans are concerned about certain 'controversial' provisions that may have negative impact on consumers.

Sep 17, 2016

Oil hits multi-week lows as growing supplies stoke glut concern

Apart from rising Iranian exports, there are also signs of Nigeria and Libya resuming oil exports, fuelling concerns that a global glut would persist.

Sep 16, 2016

Arun Jaitley hopeful RBI will keep interest rates low due to declining retail inflation

The next policy review meeting is scheduled to be held on October 4.

Sep 16, 2016

RBI to issue new Rs. 20 currency note carrying Urjit Patel's signature

The new Rs. 20 note will bear the year as "2016" on the reverse and Urjit Patel's signature on the front, says RBI.

Sep 16, 2016

Rupee devaluation is a bad idea, says DBS Bank economist

The disadvantages far outweigh the likely gains, says Radhika Rao, DBS Bank economist.

Sep 16, 2016

India's exports fall less than 1% in August; gold imports decline 77%

Exports account for about 20 per cent of India's gross domestic product.

Sep 15, 2016

Tesco, Sainsburys, Waitrose, Harrods eyeing entry into India

International firms have expressed interest after the government allowed 100 per cent FDI in the food processing segment.

Sep 14, 2016

Indian cement companies set to gain in coming months: Deutsche Bank

Monsoon-led demand recovery and improved margins are set to reflect in share prices of cement firms, says Deutsche Bank.

Sep 14, 2016

India expected to post first current account surplus in nine years

For the full year ending in March 2017, India is likely to post a deficit even lower than last year's 1.1 per cent of GDP.

Sep 14, 2016

India adds 94 lakh vehicles to its roads in 5 months

Domestic vehicle sales rise 15.4 percent to 93.91 lakh units between April and August this year, but exports fall.

Sep 14, 2016

Chiefs of SBI, ICICI Bank, Axis Bank feature in Fortune list of most powerful women outside US

While Arundhati Bhattacharya ranks second, Chanda Kochhar claims fifth and Shikha Sharma holds the 19th position in the list.

Sep 14, 2016

National Payments Corporation of India expands shareholding base to 56 banks

In the last six years, the umbrella organisation has grown from two million transactions a day to 25 million transactions.

Sep 13, 2016