Economy News

World's single largest rooftop solar power plant inaugurated in India

Spread over a stretch of 42 acres, the renewable energy plant at Beas in Punjab will have a power generation capacity of 11.5 Mw.

May 18, 2016

India: Foreign tourist arrivals, earnings rise in April

India saw 11-percent increase in foreign tourist arrivals and 8.7-percent growth in foreign exchange earnings this April.

May 18, 2016

Indian rupee opens at 2-month low

The Indian rupee declined for the fifth straight day to the US dollar due to rising demand for the greenback and climbing crude oil prices.

May 18, 2016

Oil prices remain near 2016 highs on global supply disruptions

International Brent crude futures LCOc1 were trading at $49.31 per barrel at 0047 GMT, 3 cents above their last settlement.

May 18, 2016

Delhi High Court seeks Centre, RBI's response on surcharge levied on card payments

The notices were issued in response to a plea seeking removal of surcharge and convenience fee, with response sought by August 19.

May 17, 2016

US reveals $117-billion exposure to Saudi investments

The exposure is "surprisingly not that much," but the stockpiling could be larger than reported.

May 17, 2016

India's honeymoon on inflation, current account may be over: Uday Kotak

Global crude oil prices are hovering around $50 per barrel, tweeted banker Uday Kotak, MD of Kotak Mahindra Bank.

May 17, 2016

UK job vacancies fall on Brexit worries, higher minimum wage: Survey

Job openings dropped by 9 percent in April from March and were down a hefty 27 percent versus a year ago.

May 17, 2016

Renegotiation of tax treaty with Singapore on the anvil: FM Arun Jaitley

It will be in line with the amended double tax avoidance agreement signed with Mauritius on capital gains, said Arun Jaitley.

May 16, 2016

Indian banks akin to patients in ICU; surgery was inevitable: RBI deputy governor

SS Mundra, deputy governor of Reserve Bank of India (RBI), says the surgery has been "successful" but now banks need to "change their lifestyle".

May 16, 2016

India's wholesale price inflation rises first time in 17 months

A spike in inflation rate by 0.34 percent in April 2016 was driven by price rise in food articles and products.

May 16, 2016

'Sawan ko aane do' is the heartfelt expectation of all Indians: SBI chief Arundhati Bhattacharya

In India, 75 percent of the rainfall occurs between June and September; 60 percent of the cropped area is rain-fed, says SBI.

May 16, 2016

Sebi plans to attach properties, bank accounts of promoters for repeatedly violating listing norms: Report

The proposed changes by Securities and Exchange Board of India (Sebi) will kick in if the infringements happen in two consecutive quarters.

May 16, 2016

Vijay Mallya ready to return to India if assured of his safety, freedom

Mallya, whose company owes banks about Rs. 9,000 crore, has the support of United Breweries Ltd. board, the Economic Times reported.

May 16, 2016

Delhi's per capita income for FY17 may rise to Rs. 2.8 lakh

State-wise performance of Delhi is better when compared to other states such as Bihar, Haryana, Odisha and Madhya Pradesh.

May 15, 2016