Economy News

Govt approves India-UAE MoU for $75B infra investment vehicle

The fund would support India's plans for the expansion of next generation infrastructure projects.

Mar 24, 2016

US investors pour in Indian equities, trim exposure to China

US investments in Indian equities stood at 1.8 percent of their foreign equity holdings by December 2015, as against 1.6 percent of China.

Mar 24, 2016

Govt okays highway projects worth Rs 6,284 crore for Karnataka, Himachal Pradesh

In addition, four road over-bridges projects totaling approximately Rs 683 crore were also approved.

Mar 24, 2016

Tirupati temple wants gold, not cash on maturity

The world's richest Hindu temple wants the longer-duration deposits under the Gold Monetisation Scheme to be redeemed in the yellow metal instead of cash.

Mar 24, 2016

Standard Chartered seeks to protect $2B diamond loans to Indian, Belgian traders

The London-based bank is asking diamond borrowers to furnish payment insurance or provide 100 percent collateral, according to a Bloomberg report.

Mar 24, 2016

IIM-A hikes course fees citing inflation trends

The fee has been increased 5.4 percent to Rs 19.5 lakh from Rs 18.5 lakh.

Mar 24, 2016

Global MNCs' outlook for China has deteriorated: Morgan Stanley

Industrials, IT, materials, and staples have the worst outlook for China's revenue trends, says Morgan Stanley.

Mar 23, 2016

Chinese media pooh-poohs Modi's India

In an op-ed, state-run Global Times says "Modi's economic reform has achieved little progress".

Mar 23, 2016

Mumbai airport charges to go up by 7%

The hike is significantly less than what Mumbai International Airport Ltd and the GVK group had demanded.

Mar 23, 2016

Bank credit growth rises sharply in 2016

However, the rise in credit growth gives little comfort with several commodity businesses suffering from low prices and high debt.

Mar 23, 2016

Bharat Petroleum lines up major capital expenditure

The company will spend 40 percent of the total Rs. 10,000 crore on augmenting refining capacity at its Kochi refinery, reported The Economic Times.

Mar 23, 2016

India hopes to sign Farzad B gas field deal with Iran next month

India's Oil Minister said he is "hopeful" a deal on Farzad B could be concluded during his visit to Tehran on April 9-10.

Mar 23, 2016

Vijay Mallya discredited India's private sector: Arun Jaitley

Arun Jaitley was responding to a question on Vijay Mallya's bank loans of about Rs 9,000 crore.

Mar 22, 2016

India's current account deficit falls to 1.3% of GDP in December quarter

The reduction in the current account deficit was primarily on account of lower trade deficit that stood at $34 billion.

Mar 22, 2016

Govt releases new Defence Procurement Policy; defence stocks gain

The new policy will focus on India-made products and fast-track the acquisition process for firms.

Mar 22, 2016