Economy News

January car sales: Maruti Suzuki, Hyundai, Tata Motors report decline; Renault, Mahindra volumes up

Commercial vehicle sales of Ashok Leyland and Tata Motors are up, while two wheeler brand Royal Enfield has reported robust sales.

Feb 1, 2016

India requires $1 trillion for infrastructure development: Nitin Gadkari

The transport minister feels upgrading infrastructure would add 2 percent to India's GDP.

Feb 1, 2016

HSBC to freeze salaries, hiring in 2016 to cut costs

HSBC is in the midst of a cost-cutting drive to boost profitability.

Feb 1, 2016

Tirumala Tirupati Devasthanams approves budget of Rs 2,678 crore for FY16-17

The trust estimated a cost of Rs 500 crore just for paying salary to their 9,000 staff members.

Jan 31, 2016

50 lakh jobs in roads sector in 3 years, says Nitin Gadkari

The transport minister said the jobs creation would also give a boost to the steel and cement industry and will contribute 2% to the GDP.

Jan 31, 2016

Budget 2016: Finance Minister Arun Jaitley pins hopes on Congress to pass GST Bill

The finance minister also said that there is a sharp divide over fiscal consolidation among economists.

Jan 30, 2016

India has potential to grow at 8 to 9%: Nouriel Roubini

Roubini said that Indian economic reforms process is hindered by the opposition parties.

Jan 30, 2016

Mumbai airport to charge passengers additional fee from April 2016

The additional surcharge will be charged from 1 April, 2016, and will be imposed at least until 31 March, 2021.

Jan 30, 2016

Flyers travelling abroad from non-metro cities boost duty-free shops' sales

Over the next 6-7 years, the Airport Authority of India will invest $12 billion on construction and expansion of non-metro cities' airports.

Jan 30, 2016

India emerges as Dubai's top source country for inbound tourists

Over 1.6 million Indians visited Dubai in 2015.

Jan 30, 2016

Indians third largest buyers of property in US

Canadians reportedly topped the list of investments made by foreign nationals in the US property market in 2015.

Jan 30, 2016

RBI likely to cut policy rate by 25bps next week: BofA-ML

The rate cut could be its final in the current cycle, BofA-ML said.

Jan 29, 2016

Spain economy grows 3.2% in 2015 as record 68.1 million tourists visit

The unemployment rate in the country also fell 2.8% in the fourth quarter.

Jan 29, 2016

Arun Jaitley may tinker with deficit targets to boost growth: Poll

Most of the participants in the poll expect the 2016-17 fiscal deficit to be raised to 3.7% of GDP.

Jan 29, 2016

'Make in India' initiative aiding FDI, central bank says

The country's gross FDI inflows have grown by 31% between September 2014 and November 2015.

Jan 29, 2016