Economy News

India's forex reserves up $4 billion during week ended March 4; Sensex, rupee gain

The reserves had dropped by $3.57 billion in the week ended Feb. 26, the sharpest since August 2014.

Mar 11, 2016

India's industrial output slows by 1.5 % in January

The manufacturing component of the index slumped by 2.8 percent, pulling down the entire index.

Mar 11, 2016

Real Estate Bill: Positive but risks remain

The complex nature of land laws in India will make the implementation of the real estate bill difficult, says Kotak Equities.

Mar 11, 2016

Rise in bank credit growth won't be sustainable, say analysts

Both lenders and borrowers have constraints, limiting credit growth, says analysts at Nomura and DBS Bank.

Mar 11, 2016

Govt approves Navy's proposal to buy 2 rescue subs worth Rs 1,900 cr: Report

The Navy's proposal of buying the rescue submarines has been hanging for the last 15 years.

Mar 11, 2016

Vijay Mallya case: No lapses in initiating action against former United Spirits chairman, says State Bank of India

In a statement on Thursday, India's biggest lender listed a series of steps taken to recovery the overdue loans.

Mar 10, 2016

RBI may lower rates on prudent budget, subdued inflation

The RBI may cut key policy rates on April 5, a Reuters poll found.

Mar 10, 2016

Eyeing cricket ad revenues: Sony targets Rs 1,200 cr from IPL, Star India expects Rs 300 cr from WorldT20

Sony Pictures Network India and Star India are hoping to cash in on the excitement surrounding the IPL and the ICC WorldT20 cricket matches.

Mar 10, 2016

Indian Oil cuts jet fuel prices; aviation stocks rise

State-owned Indian Oil Corporation cut ATF prices by Rs 515 per kilolitre with effect from March 9 midnight.

Mar 10, 2016

Clinton calls for sanctions on Iran after more missile tests

Hilary Clinton, a former secretary of state under President Barack Obama, said she was "deeply concerned" by the tests.

Mar 10, 2016

Indian steel companies likely to hike prices for second straight month, says analyst

After the Rs 1,500 per tonne increase in February, Indian steel companies could raise prices by Rs 1,000 to Rs 1,500 per tonne this month.

Mar 9, 2016

Capping movie ticket price in multiplexes will benefit all: Dayal Padmanabhan

Dayal Padmanabhan has spoken to International Business Times on the capping of movie ticket in Karnataka.

Mar 9, 2016

Saudi Arabia launches 'Saudization' plan to tackle unemployment; cellphone industry to have 100% local employees

The kingdom launched the nationalisation plan Tuesday with the aim to achieve total or partial "Saudization" in the private sector.

Mar 9, 2016

Indian Railways hires E&Y to generate ad revenue worth Rs 5,000 crore

The latest move comes after the railway minister announced during the rail budget that non-tariff earnings would be raised instead of hiking ticket prices.

Mar 9, 2016

Food courts, dispensaries and car servicing centres on highways likely: Report

Under the CSR initiative, the Ministry of Road Transport and Highways will write to companies to provide basic amenities on highways.

Mar 8, 2016