Economy News

North Korean economy falls lowest in 20 years as sanctions hit hard

Estimates by the Bank of Korea say that North Korea's GDP fell by 3.5 percent in 2017, its largest drop since 1997. With denuclearization talks in full swing, Kim Jong Un is attempting to revive his country's economy at the earliest.

Jul 20, 2018

China's offer to build economic corridor in Myanmar reaches final stage

The two government seems to be interested on project by but a there is a number issues that may block its progress.

Jul 19, 2018

Apple bigwigs Tom Gruber and Vipul Ved Prakash call it quits amid Siri reshuffle

Apple has confirmed both the departures. Tom Gruber, one of the original co-founders of Siri, will be pursuing personal interests in photography and ocean conservation, the company said.

Jul 19, 2018

SoftBank CEO Masayoshi Son calls Japan 'a stupid country' for prohibiting ride sharing

The Japanese government outlaws non-professional drivers from transporting paying customers on safety grounds and the country has a vocal taxi industry lobby that has opposed deregulation.

Jul 19, 2018

New hurdle for Vodafone-Idea merger as telecom department rejects request

The Vodafone-Idea deal is already running late as the companies had agreed upon a deadline for the end of June.

Jul 18, 2018

Indian Railways set to get its first dedicated freight corridor on Independence Day

Although the dedicated freight corridor received an in-principle approval from the Cabinet way back in 2006, the project has been delayed multiple times.

Jul 17, 2018

IBT BizTalk: IBTimes India Executive Editor Danish Manzoor (right) in talk with Almora founder Evan Luthra (left)

Meet Evan Luthra, the young entrepreneur set out to change the world with blockchain [VIDEO]

In our latest BizTalk, International Business Times, India's Executive Editor, Danish Manzoor interacts with Evan Luthra, a young serial entrepreneur, innovator and angel investor, about blockchain and investments. Watch the full interview here.

Jul 17, 2018

Government to rescue public sector banks; might infuse Rs 8,000 crore

In January 2018, the government had announced a capital infusion of Rs. 88,000 crore to 20 public sector banks in the current financial year.

Jul 17, 2018

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IMF cuts India's growth projection, but it still retains world's top spot

Maury Obstfeld, International Monetary Fund's director of the Research Department, said that the rise in oil prices due to supply disruptions and geopolitical tensions have harmed importers like India.

Jul 16, 2018

Indian IT companies witness drop in foreign portfolio investors' exposure

Interestingly, one of the major features of the Indian markets in the current year has been the high volatility in terms of investment when it comes to foreign inflow and outflow

Jul 16, 2018

Punjab National Bank's turnaround on full throttle; recovers Rs 77 billion in Q1

The most encouraging part of this development is that the recovery has surpassed the total amount it recovered in the entire financial year 2017-18

Jul 16, 2018

china, china economy, china growth rate 6.7 percent, china growth rate 6.7%, xi jinping, indian economy

China second-quarter GDP growth slows to 6.7 % amid US trade war

Faced with a slowdown in domestic demand and the potential fallout from the trade war, Chinese policymakers have started to step up policy support for the economy and have softened their stance on deleveraging.

Jul 16, 2018

Mukesh Ambani, Chairman and Managing Director of Reliance Industries, smiles as he attends the World Economic Forum (WEF) annual meeting in Davos, Switzerland, January 23, 2018.

Mukesh Ambani leapfrogs Alibaba's Jack Ma to become richest man in Asia

Reliance Industries' market valuation had surged past Rs 7 lakh crore mark in the morning trade, thus becoming the second company after TCS to join the $100-billion mark for market capitalization club.

Jul 14, 2018

india news, india external trade, india exports, india imports, gold imports by india, trade deficit, india external trade, note ban

India's trade deficit widens to more than five-year high

Merchandise exports last month rose to $27.7 billion from a year ago, while imports rose 21.31 percent year-on-year to $44.3 billion, the Ministry of Commerce and Industry said in a statement.

Jul 13, 2018

Cash-strapped Fortis accepts Malaysia's IHH Healthcare bid for $585 million

Fortis has accepted a ($585 million) offer from IHH for a 31 percent stake, capping a months-long bidding war for control of the Indian firm that drew interest from domestic and international suitors.

Jul 13, 2018

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Economy News

North Korean economy falls lowest in 20 years as sanctions hit hard

China's offer to build economic corridor in Myanmar reaches final stage

Apple bigwigs Tom Gruber and Vipul Ved Prakash call it quits amid Siri reshuffle

SoftBank CEO Masayoshi Son calls Japan 'a stupid country' for prohibiting ride sharing

New hurdle for Vodafone-Idea merger as telecom department rejects request

Indian Railways set to get its first dedicated freight corridor on Independence Day

Meet Evan Luthra, the young entrepreneur set out to change the world with blockchain [VIDEO]

Government to rescue public sector banks; might infuse Rs 8,000 crore

IMF cuts India's growth projection, but it still retains world's top spot

Indian IT companies witness drop in foreign portfolio investors' exposure

Punjab National Bank's turnaround on full throttle; recovers Rs 77 billion in Q1

China second-quarter GDP growth slows to 6.7 % amid US trade war

Mukesh Ambani leapfrogs Alibaba's Jack Ma to become richest man in Asia

India's trade deficit widens to more than five-year high

Cash-strapped Fortis accepts Malaysia's IHH Healthcare bid for $585 million

Time for India to follow suit? France, Germany, Netherlands, US banned use of EVMs [here's why]

Dhanush's Captain Miller has no buyers in Telugu states? Here's why

Deepika Padukone is a sight to behold in velvet gown; attends Academy Museum Gala with Selena Gomez, Dua Lip [see pics]

Is exhibiting cleavage mandatory? Malaika Arora opts for low neck sleeveless outfit at event in Vrindavan, leaves netizens furious

'She is cruel…': Ankita Lokhande CRIES after fight with Mannara, tells Vicky she wants to go home; fans react