Economy News

Centre likely to free defence airspace for commercial flights, AAI working on routes

The flexible usage of air space would cut down expenditure on fuel cost and reduce travel time, Business Standard reported.

Aug 24, 2016

GST rate above 18% would hurt growth, says CII president Naushad Forbes

CII chief Naushad Forbes says GST rate above 18 percent would hit consumption and thereby prove detrimental to the economy.

Aug 24, 2016

Karnataka: Multiplex film tickets may get cheaper, draft policy recommends price to be capped at Rs. 120

The draft policy proposes making it mandatory for multiplexes in Karnataka to have two prime-time shows of Kannada films.

Aug 24, 2016

Taxman sees multiple benefits in advancing budget presentation to January

Shifting the budget presentation to January will bring in more efficiency, Central Board of Direct Taxes head Rani Singh Nair said.

Aug 24, 2016

Four companies confounding the Brexit doom-mongers

With all the post-vote pessimism hurting a whole range of companies in the domestically-sensitive Retail, Housebuilding and Leisure sectors, there is still value to be had even after the recent stock market rally back. Here are four companies that I think can rebound further should the UK economy hold up in the months ahead.

Aug 23, 2016

Citigroup, Morgan Stanley, other banks to manage National Stock Exchange IPO

The NSE plans to submit a draft prospectus for a listing on Indian bourses in January 2017.

Aug 23, 2016

Bank deposits, advances witness tepid growth

Data published by RBI show deposits and advances rose by less than 1 percent for the fortnight ended August 5, 2016.

Aug 23, 2016

India's steel production rose 8.1% since July 2015: WSA

India produced 8.1 million tonnes of crude steel last month, according to World Steel Association.

Aug 23, 2016

Illegal construction in Bengaluru: Will my house be demolished next, ask worried residents

Residents of Bengaluru (Bangalore) are panicking ever since the BBMP went on a drive to remove illegal constructions over drains and lakes.

Aug 22, 2016

Ficci, BCIC, CII give thumbs up to Urjit Patel's appointment as RBI governor

The appointment of Urjit Patel as successor to RBI Governor Raghuram Rajan sends a positive signal to investors, they say.

Aug 22, 2016

India to have 50 more operational airports by 2019

The government is planning to utilise the inactive airports in the country in a bid to increase regional connectivity.

Aug 22, 2016

Provident fund subscribers can expect higher interest rate, stocks markets willing

If the government decides to invest more PF money in stock markets, the interest rate could go up, benefiting millions of employees.

Aug 22, 2016

Punjab National Bank makes locker visit free; eliminates cap of 12 free visits

PNB removes the cap of 12 free visits to its locker in a year, making locker visits free for its customers.

Aug 21, 2016

New RBI governor Urjit Patel to head monetary policy panel

The decisions whether to cut the policy rates or not will be taken by the majority of the 6-member panel.

Aug 21, 2016

Andhra Pradesh to have first private sector Light Combat Aircraft manufacturing unit

The weapons integration unit is estimated to cost Rs. 2,135 crore.

Aug 21, 2016