Economy News

Mumbai-Ahmedabad bullet train project clears major roadblock

The proposed Rs. 98,000 crore project had hit a roadblock after the Maharashtra government refused to allot BKC land to the railways.

Jun 21, 2016

Gold edges up on softer dollar; Brexit concerns ease further

A vote on June 23 by Britain to leave the 28-member EU, dubbed "Brexit," could tip Europe back into recession.

Jun 21, 2016

India Inc cautious about profit levels, investment prospects: FICCI survey

India's overall business confidence index, however, increased with regard to the outlook on sales, exports and employment.

Jun 20, 2016

Monsoon rains cover half of India; to accelerate sowing

The June to September monsoon is crucial for farm output and economic growth.

Jun 20, 2016

Small savings interest rates: Why govt decided to spare PPF, senior citizen scheme, recurring deposits this quarter

Small savings include public provident fund, NSCs, Kisan Vikas Patra and other deposit schemes sold through post offices.

Jun 20, 2016

Domestic air traffiic: Passenger complaints skyrocket in 2 months

Passengers complaints shot up to 96,361 in May from 46,833 in April, DGCA data shows.

Jun 20, 2016

Govt allows 100% FDI in defence, aviation sectors

The new measures are expected to bring higher FDI inflows and contribute to the growth of investment, income and employment.

Jun 20, 2016

Domestic air traffic: How IndiGo, Jet Airways, Air India, Go Air, AirAsia India, Vistara performed in May

Read here to know the market share of Indigo, Air India, SpiceJet, Go Air, AirAsia India, Jet Airways, Vistara in May.

Jun 20, 2016

Oil extends gains as Brexit fears ease

London Brent crude for August delivery was up 34 cents at $49.51 a barrel by 0235 GMT.

Jun 20, 2016

AC passenger boats to connect commuters to Kochi metro by 2020

The Kerala government, German funding agency KfW and Kochi Metro signed an agreement to implement a Rs. 747 crore water transport project.

Jun 19, 2016

Who will replace Raghuram Rajan? [PHOTOS]

Here are the names of seven people, one of whom will replace RBI Governor Raghuram Rajan in September.

Jun 19, 2016

Read full text of RBI governor Raghuram Rajan's letter to employees here

Evincing a preference for academics, RBI governor Raghuram Rajan has ruled out seeking a second term at the central bank.

Jun 18, 2016

FM Arun Jaitley says Rajan's successor to be announced shortly

In a letter to the central bank staff, Reserve Bank of India chief Raghuram Rajan said he wants to return to academics at Chicago.

Jun 18, 2016

Boeing, Tata JV sets up aerospace manufacturing centre at Hyderabad

The facility, once fully established, will be Boeing's only manufacturing centre building fuselages of AH-64 Apache helicopters.

Jun 18, 2016

2016 Olympics: Rio declares public calamity as financial crisis mounts

Despite the financial emergency the state assures smooth running of the Games.

Jun 18, 2016