Economy News

Water ATMs soon in New Delhi

New Delhi Municipal Council — one of the three local bodies of the NCT of Delhi — has invited tenders for installing water ATMs on PPP basis.

Apr 28, 2016

Foreign tourist arrivals slowed down in 'God's Own Country,' reveals Kerala Tourism data

Foreign tourist arrivals to Kerala grew 5.86 percent in 2015, down from 7.60 percent in 2014, according to Kerala Tourism.

Apr 28, 2016

India could end up as importer of sugar for the first time in four years

India, the second-largest sugar producer in the world, could see output falling due to drought in Maharashtra.

Apr 27, 2016

J&K minister orders closure of a state corporation formed to facilitate employment for the youth

"It makes no sense to have an organisation doing absolutely nothing," said Jammu & Kashmir Minister for Finance Haseeb Drabu.

Apr 26, 2016

Saudi prince unveils sweeping plans to end 'addiction' to oil

Saudi Arabia expects state oil company Saudi Aramco to be valued at more than $2 trillion ahead of the sale of it through an IPO.

Apr 26, 2016

France wins $40 billion Australian submarine contract: Reuters sources

France's state-controlled naval contractor DCNS has proposed a diesel-electric version of its 5,000-tonne Barracuda nuclear-powered submarine.

Apr 26, 2016

Essar Oil, Indian Oil, HPCL, BPCL expanded fuel retail network, Reliance added none in FY16

Essar Oil, Indian Oil, HPCL and BPCL together added 2,770 retail diesel, petrol stations in FY2016. Reliance Industries' network remained unchanged at 1,400 outlets.

Apr 25, 2016

PF deposits to fetch 8.7% interest, lower than 8.8% proposed by EPFO

The government approved 8.7 percent interest on PF deposits for FY2016, lower from the 8.8 percent proposed by the EPFO.

Apr 25, 2016

FDI inflows in India topped $51B in April-Feb FY16

India attracted $44.29 billion in foreign direct investments over the same period in 2014-15 and $46.55 billion in 2011-12.

Apr 25, 2016

Oil-exporting countries to take $500 billion hit in revenue loss this year: IMF

The loss is expected to widen from the actual revenue loss of $390 billion in 2015 due to falling crude oil prices.

Apr 25, 2016

Govt may spend Rs. 6,000 crore to revamp regional airports

The government would invest about Rs. 6,000 crore to revive 75 regional airports across the country, the Economic Times reported.

Apr 25, 2016

Saudi Cabinet approves 'Vision 2030' outlining reforms for next 15 years

A partial initial public offering of the state-owned oil company Saudi Aramco is part of the reform plan to turn the economy around.

Apr 25, 2016

Govt panel suggests liquidating loss-making PSUs

There were 77 loss-making PSUs at the end of March 2015 with aggregate losses totaling over Rs. 27,360 crore.

Apr 24, 2016

PM to launch Rs. 8,000 crore scheme for free LPG connections to BPL families

The Pradhan Mantri Ujjwala Yojana, to be launched by Narendra Modi on May 1, will provide 5 crore free LPG connections across India.

Apr 23, 2016

Mumbai, Delhi, Bengaluru, Hyderabad airports post high growth in domestic passenger volumes

Mumbai, Delhi, Bengaluru and Hyderabad airports recorded growth in the range of 19 to 25 percent in passenger volumes in 2015-16.

Apr 23, 2016