Economy News

India, Russia to sign $5 billion deal for S-400 air defence missile systems

According to the deal, Russia will deliver S-400 'Triumf' long-range air defense missile systems to New Delhi.

Oct 14, 2016

Evening wrap: JNU to probe PM effigy burning, Galaxy Note 7 threat to Samsung credit ratings and Diwali gift for armed forces

Also read about new smartphones added by Reliance Jio and censor board chopping Ranbir-Aishwarya's intimate scenes.

Oct 13, 2016

Retail inflation drops to 13-month low of 4.31%

Analysts polled by Reuters had expected the CPI to rise 4.80 per cent, after a 5.05 per cent gain in August.

Oct 13, 2016

Hatton Garden jewellery quarter under pressure from rising rents

The London quarter was the centre of the worlds diamond market market, but traders are fighting to bring back the glory days.

Oct 13, 2016

Central Railway earns less than Rs. 6 from each suburban passenger

During April-September 2016, Central Railway earned Rs. 424.08 crore from 74.10 crore suburban passengers.

Oct 13, 2016

BRICS 2016: Trade ministers meet ahead of Goa summit

Nirmala Sitharaman, union commerce and trade minister, is meeting her BRICS counterparts; a BRICS Business Forum is also scheduled.

Oct 13, 2016

7th Pay Commission: Defence forces to get 10% arrears before October 30 as 'Diwali gift'

The arrears will be 10 percent of the current pay drawn by the soldiers, which would be calculated from January 2016.

Oct 13, 2016

ICICI Prudential lifts 2016 IPOs to a 6-year-high

So far, 22 firms have listed for IPOs bringing the estimated year-end deal value to $5.8 billion.

Oct 13, 2016

Demand outlook for steel remains weak, says World Steel Association

Global steel demand in 2017 would improve marginally to 1,510 mt from 1,501 mt this year, says World Steel Association.

Oct 12, 2016

Inflation seen cooling to one-year low in September

The latest poll of over 30 economists showed retail inflation probably eased further last month to 4.80 percent.

Oct 12, 2016

1 MDB scandal: Singapore penalises Falcon Bank, DBS, UBS; to decide on Standard Chartered Bank soon

The Monetary Authority of Singapore (MAS) penalises Falcon Bank, DBS, UBS; awaits assessment of Standard Chartered Bank.

Oct 12, 2016

Andhra Pradesh registers 20% rise in tourist arrivals in January-August 2016

Anantapur district is the "most visited destination" by foreign tourists.

Oct 11, 2016

Indian Railways to introduce coaches with glass roof soon

The aim of introducing glass-ceiling coaches is to boost tourism in the country.

Oct 11, 2016

7th Pay Commission: Govt sources claim disability pension for defence services 'not reduced'

Reports indicated the government has notified a new set of rules for granting disability pensions to the armed forces.

Oct 11, 2016

Oliver Hart and Bengt Holmstrom awarded 2016 Nobel Prize in Economics for Contract Theory

Indian-origin economist Amartya Sen had won the award in 1998.

Oct 10, 2016