Economy News

Stake sale in 16 PSUs to fetch Rs. 40,000 crore for govt in FY17

Stake sales in Coal India, ONGC and NMDC are likely to raise Rs. 18,000 crore, Rs. 9,000 crore and Rs. 3,800 crore, respectively.

Apr 4, 2016

Assets under management of mutual funds grow 14% in FY16

The total assets under management of India's 43 mutual funds rose to Rs. 13.53 lakh crore in financial year 2015-16.

Apr 4, 2016

Debt downgrades hit an all-time high in FY16: Crisil

The scope for an improvement in credit quality in the near term is limited, the ratings agency noted.

Apr 4, 2016

Govt may reduce spectrum usage charge ahead of the mega auctions

Reduction in SUC may save up to Rs. 3,200 crore for debt-ridden telecom firms, may also lower tariffs for calls and broadband,

Apr 4, 2016

India missed many chances to lead global growth: FM Arun Jaitley

Arun Jaitley said, at the CII's annual session, that continuing with economic reforms holds the key to India leading the world economy.

Apr 4, 2016

India's factory output hits 8-month high in March

The country's manufacturing activity index rose to 52.4, the highest since 52.3 recorded in August 2015.

Apr 4, 2016

UK firms putting plans on hold ahead of EU vote: Survey

The June 23 referendum represented the biggest single concern for businesses, ahead of slow growth in the euro zone.

Apr 4, 2016

India ranks sixth in world's top manufacturers list

China topped the list as the world's top manufacturing country, according to a United Nations Industrial Development Organisation report.

Apr 3, 2016

Gold repayments to help attract more depositors to monetisation scheme

Prime Minister Narendra Modi had launched the scheme last year to bring the gold stashed in Indian vaults to country's financial mainstream.

Apr 2, 2016

Indian banking system throws up worrying trends, says economist

While deposits grew at a five-decade low, currency circulation is at a disturbing high level, says Ajit Ranade.

Apr 2, 2016

Sixth Economic Census: Establishments grew by 38%, jobs by 41.7% in 8 years

Of the 5.85 crore companies, nearly 60 percent belonged to rural areas, employing 51.9 percent of the workforce.

Apr 2, 2016

Private equity, venture capital inflows into India plunge

Inflows from private equity players, venture capitalists and angel investors dropped 49 percent in the first quarter of calendar year 2016.

Apr 2, 2016

Wall Street off to a solid start in April

The Labor Department's report showed solid gains in nonfarm payrolls in March while the unemployment rate rose to 5 percent from an eight-year low of 4.9 percent.

Apr 2, 2016

Nagpur Metro gets Rs 3,800 crore loan from German development bank KfW

This is expected to be the first "green" metro project in the country, with power coming from rooftop solar panels.

Apr 1, 2016

EIB extends $512M credit for Lucknow Metro

A functional metro is expected to increase the use of public transport from 10 percent to an estimated 27 percent in Lucknow.

Apr 1, 2016