Economy News

Inside West Bank and Gaza: Economy suffers among a few millionaires

A report on how the West Bank economy depends on Israeli restrictions and how a few Gazans gained handsomely from nine years of a blockade and three wars on the city.

Jan 19, 2016

Supreme Court restrains Centre from selling residual stake in Hindustan Zinc

The apex court questioned the decision to sell stake in a company that deals with strategic minerals.

Jan 19, 2016

Govt's target of Rs 15,000 crore from gold bond sale 'difficult' to achieve

The government was able to raise Rs. 246 crore from the first tranche of gold bond scheme.

Jan 19, 2016

Fabindia sales cross Rs 1,000 crore mark, becomes India's largest retail apparel brand

During the fiscal year 2014-15, the textile company witnessed a 12% rise in sales worth Rs 1,148 crore.

Jan 19, 2016

China fourth-quarter growth slows to 6.8%, weakest since 2009

China is locked in the midst of a protracted slowdown, weighed down by weak exports, factory overcapacity and slowing investment.

Jan 19, 2016

Volkswagen faces shareholder claims over emissions scandal

Law firm Nieding + Barth said on Monday it would lodge a case in Brunswick court seeking hundreds of millions of euros in damages.

Jan 19, 2016

Now, you can read job contracts in Indian, Sri Lankan and Afghan languages

The UAE government's move is to increase transparency in employment contracts.

Jan 18, 2016

Domestic air traffic: SpiceJet, Jet Airways marginally lose market share; GoAir, IndiGo, Air India gain

SpiceJet's market share dipped to 12.7% in December from 13.3% in November.

Jan 18, 2016

MakeMyTrip under scanner for service tax evasion of Rs 75 crore

The DGCEI registered a case against the company and also arrested a senior executive who was later released on bail.

Jan 18, 2016

India's exports down for the 13th month in a row in December, fall 14%

The country exported goods valued at $22.29 billion, down 14.75% from $26.15 billion in December 2014.

Jan 18, 2016

Saudi Arabia launches ICT venture fund for start-ups worth $133 million

Apart from ICT, the fund will also explore investments in energy, advanced material and sustainability.

Jan 18, 2016

Qualcomm forms $280 million JV in China to design and sell server chips

Under the agreement, Qualcomm will also establish a vehicle company for future investments in China.

Jan 18, 2016

Tata Steel to cut 1,050 jobs in Britain: Sky News

British steelmakers pay some of the highest energy costs and green taxes in the world.

Jan 18, 2016

Indian Postal Department to open 1,000 ATMs by March 2016

For financial inclusion, the department would also set up a 'payment bank' by March 2017.

Jan 17, 2016

World Bank partners with Indian Railways to set up railways development fund

However, Railway Minister Suresh Prabhu said that the size and nature of the fund were still under discussion.

Jan 17, 2016