Economy News

Government ports posted increase in operating surplus for FY16

The operating surplus of 12 state-run, major ports rose 19 percent to Rs. 4,268 crore in 2015-16, said a Modi government minister on Monday.

May 10, 2016

Developing countries' renewables markets more attractive: Report

Mexico's recent power auctions have opened the door to multi-billion dollar opportunities in a newly liberalised energy market, the report said.

May 10, 2016

India ranks 9th on politico-biz nexus

Crony-capitalism witnessed a fall from 18 percent in 2008 to 3.4 percent of India's GDP in 2016.

May 9, 2016

Equity mutual funds see net inflows in April

Mutual fund investors poured in Rs. 4,438 crore in equity mutual funds during April, according industry body Amfi.

May 9, 2016

Indian Railways film shoot earnings get a leg up from Apta railway station

"Baaghi," starring Tiger Shroff and Shraddha Kapoor, was shot at the Apta railway station at a cost of Rs.24.97 lakh, reports the Hindu.

May 9, 2016

Fake notes worth Rs. 29.6 crore found in 2015-16

Data released by the finance ministry showed that about 6.3 lakh imitation notes were detected in FY 16, the Hindu reported.

May 9, 2016

Trump changes tune on tax hikes for wealthy Americans

After sealing the republican nomination for the presidential election, Trump has used speeches and interviews to offer details on his policy positions.

May 9, 2016

Wilful defaulters' list to be made public: RBI governor

Raghuram Rajan said the RBI is working on a mechanism for out-of-court settlement in bad-loan disputes.

May 8, 2016

China April exports, imports decline more than expected

China exports fell 1.8 percent from a year earlier whereas imports dropped 10.9 percent.

May 8, 2016

IRCTC sold 200 million tickets in FY16, aims for more in current fiscal

IRCTC, an Indian Railways subsidiary, handles catering, tourism and online ticketing.

May 7, 2016

Oil up on Canada wildfire, dollar; big weekly loss for Brent

Reports of a militant attack on a Chevron platform in Nigeria's oil-rich Niger Delta region and a drop in the number of U.S. oil drilling rigs also helped lift prices on the day.

May 7, 2016

Trump dips toe into delicate US debt discussion

the likely Republican presidential nominee said he would "borrow knowing that if the economy crashed you could make a deal."

May 7, 2016

Rupee closes unchanged at 66.55 to the US dollar; IDFC gains despite markets ending with losses

The Indian rupee closed at 66.55 to the greenback; on the BSE, IDFC gained 11.69 percent even though Sensex shed 34 points.

May 6, 2016

India aims to boost gas consumption, reduce dependence on oil

Currently, oil accounts for a quarter of the country's energy needs, while the share of gas stands at 8 percent.

May 6, 2016

India's foreign exchange reserves at an all-time high of $363 billion

An increase of $1.52 billion in India's foreign exchange reserves lifted kitty to $363.12 billion, according to RBI's weekly data.

May 6, 2016