Economy News

Chidambaram comes to the defence of Rajan, wonders whether Modi govt 'deserves' him

Former finance minister P Chidambaram spoke in defence of RBI chief Raghuram Rajan in the wake of Subramanian Swamy's attacks on him.

May 28, 2016

FM Arun Jaitley to woo Japanese investors during 6-day visit

On a six-day visit from Sunday to Japan, Finance Minister Arun Jaitley will meet Japanese Prime Minister Shinzō Abe and prominent Japanese CEOs.

May 28, 2016

Oil slips for second day as $50 level sparks new output fears

A three-day weekend for the United States, owing to Monday's Memorial Day holiday, further discouraged investors from holding bullish bets.

May 28, 2016

Yellen says Fed rate hike likely appropriate in coming months

Although Yellen expressed caution about too steep a rise in U.S. rates, she sounded more confident than she has in the past.

May 28, 2016

Bad loans of State Bank of India, Punjab National Bank, Bank of Baroda and ICICI Bank now at a staggering $18.5 billion

The net NPAs of SBI, PNB, Bank of Baroda and ICICI Bank have spiked over 100 percent from $8.56 billion at the end of FY2015.

May 27, 2016

Shinzo Abe may delay sales tax hike by 2 years: Media

Abe would likely announce the delay in sales tax hike as early as June 1, when the current parliament session closes.

May 27, 2016

Brexit would be serious risk to global economic growth: G7 leaders

Brexit was listed alongside geopolitical conflicts, terrorism and refugee flows as a potential shock of a "non-economic origin".

May 27, 2016

RBI Governor Rajan warns of risks to global economy from China slowdown

Contraction in China's imports has had a cascading impact on the global economy, Raghuram Rajan said at a SAARC event.

May 26, 2016

This tech park in India claims it does not have central air-conditioning

The Karnataka High Court dismissed Manyata Tech Park's claim that it is not a "centrally air-conditioning" building.

May 26, 2016

Indian women earn 18.8% less than their male counterparts: Report

One of the main reasons for the difference in income is lack of women in highest-paying job roles and industries.

May 26, 2016

Rajdhani ticket not confirmed? Try Air India instead

The agreement between the state-run carrier and IRCTC gives waitlisted passengers on Rajdhani Express an option to fly by Air India.

May 26, 2016

Tata Steel yet to finalise buyer for UK assets

Some of the bidders for Tata Steel's business are Liberty House, JSW Steel, Management buyout team and Greybull Capital.

May 26, 2016

Japan's Abe to take G7 leaders to shrine as economy tops summit agenda

Abe was to take U.S. President Barack Obama and other G7 partners to the expansive grounds of Ise Grand Shrine in central Japan.

May 26, 2016

India seen holding off for now on reducing raw sugar import tax

Sugar production in the current year ending Sept. 30 is likely to drop following two drought years in a row.

May 26, 2016

What new Capital Goods Policy means to India

The policy aims to facilitate improvement in technology depth across sub-sectors and propel India's direct and indirect employment numbers in the capital goods sector.

May 25, 2016