Economy News

Train travel between Delhi and Mumbai soon possible in less than 12 hours

At present, the Talgo hi-speed train is being tested using an Indian engine to check its compatibility on Indian tracks.

Jul 14, 2016

Not two-wheelers, India's oil sector needs petrol-guzzling cars to outdo China: Report

China's consumption of 2.8 million barrels of petrol a day is way ahead of India's 5,44,000 barrels, reported Reuters.

Jul 14, 2016

Mumbai: After 10 years, BEST now plans to reduce minimum bus fare

The Bombay Electric Supply & Transport Undertaking wants to draw more commuters to face the rising popularity of cab-hailing services.

Jul 14, 2016

Asian shares near eight-month peak on hopes of BoE rate cuts

MSCI's broadest index of Asia-Pacific shares outside Japan were down 0.1 percent in early trade but stood near its eight-month peak hit on Wednesday

Jul 14, 2016

One million bank employees to go on nationwide strike on July 29

The strike which was supposed to take place on July 12,3 has been deferred to July 29.

Jul 13, 2016

China Railway Corporation may bid for National Highway contracts in India

The value of the contracts is estimated to be between Rs. 35,000-40,000 crore, the Economic Times reported.

Jul 13, 2016

Arvind Panagariya: A look at Niti Aayog vice-chairman's profile and his views on Modi govt policies

Niti Aayog vice-chairman Arvind Panagariya is tipped to be appointed as RBI governor Raghuram Rajan's successor.

Jul 13, 2016

High retail inflation diminishes India's rate cut hopes

With prices of sugar, pulses and vegetables seeing double-digit annual increase, food inflation accelerated to 7.79 percent in June.

Jul 12, 2016

India's fuel consumption hit a record high in May 2016; diesel to drive the economy

India's push towards manufacturing and infrastructure improvement will accelerate diesel consumption.

Jul 12, 2016

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