Economy News

Konkan Railway elevates Sanjay Gupta as chairman and managing director

Konkan Railway Corporation Limited runs a rail network spanning 741 km.

Jul 12, 2016

Coal, power ministries at loggerheads over mortgaging coal blocks as collaterals for bank loans: Report

The coal and power ministries have opposing views on whether coal blocks can be used as collateral for bank loans.

Jul 12, 2016

Mumbai: 3 firms bid for global financial hub project

The three bidders will now make a master plan for the International Financial Services Centre at the Bandra Kurla Complex area.

Jul 12, 2016

Oil prices rise on Iraq loading worries; bearish investors cap gains

Traders said the rise in prices was largely a result of a suspension of tanker loading of Basra Light crude at two export terminals in Iraq's south after a pipeline leak.

Jul 12, 2016

Arvind Panagariya, vice chairman of Niti Aayog may be new RBI governor: Report

If the report turns out to be true, it would surprise all, as Arvind Panagariya was not considered in the race to replace Raghuram Rajan.

Jul 11, 2016

India's refineries to go capacity deficit by 2030

Oil and gas consumption is going to grow even till 2040,

Jul 11, 2016

Retail inflation expected to slow down in June, industrial activity to show weakness: Analyst

Retail inflation in June is expected to slow down to 5.6 percent, while May factory output would be weak, says a DBS Bank economist.

Jul 11, 2016

India to lend Tanzania $500 million for water projects

India and Tanzania signed several agreements, including a loan of $92 million for water projects.

Jul 11, 2016

Push to luxury travel, new Tejas trains to have wifi, integrated Braille displays and hi-tech entertainment units

The trains are expected to be introduced in the current fiscal as part of the budget proposal.

Jul 10, 2016

Public sector bank staff threaten strike on July 12, 13 over merger of banks

Banking operations would thus, get affected on July 12 and July 13.

Jul 10, 2016

Assocham not in favour of changing financial year

Changing the financial year won't yield any benefit but result in "huge avoidable disruption", says Assocham.

Jul 10, 2016

Indian IT firms likely to be hit by proposed legislation on H-1B, L-1 visas

The proposed bill seeking curbs on firms hiring workers holding H-1B and V-1 visas would affect Indian IT industry.

Jul 9, 2016

7th Pay Commission: Panel proposed scrapping 10-year concept of salary, allowances hike

The 7th Central Pay Commission's proposal to scrap the 10-year concept was "ignored" by the Modi government.

Jul 9, 2016

Direct, indirect tax collection rise in June quarter

Direct taxes increased 25 percent while indirect tax collection jumped 31 percent for the quarter ended June 2016.

Jul 8, 2016

UK's bilateral trade negotiations begin with India

Britain wants to extend similar trade talks with other big economies without losing time on the post-Brexit trade regime.

Jul 8, 2016