Economy News

Barclays to close Asia cash equities; exit South Korea, Taiwan: Sources

The London-based lender will close its equity research, sales and trading and convertible bond trading businesses in Asia.

Jan 21, 2016

Govt approves 5,000 MW solar power projects worth Rs 5,050 crore

The projects will be implemented over four years on build, own and operate basis.

Jan 20, 2016

Government approves new power tariff policy

The new power tariff policy would reflect a concern for the environment and also encourage renewable energy.

Jan 20, 2016

Rupee breaches 68-mark as global growth spooks markets

The Indian rupee plunged below the 68-level against the US dollar, but later recovered to close at 67.96.

Jan 20, 2016

Advertisement industry to grow at 15.5%, says GroupM

The digital medium is projected fastest in the year, though its share is expected to continue at low levels.

Jan 20, 2016

Govt's definition of start-ups is an unhappy compromise: Mohandas Pai

A three year tax holiday is of no use for start-ups, as they wouldn't have started making profits by then, he says.

Jan 20, 2016

Crude prices plummet to fresh 12-year lows after IEA says oil market may 'drown in oversupply'

The West Texas Intermediate (WTI) slipped to $27.92 a barrel before recovering later.

Jan 20, 2016

British firms hiring non-EU workforce will face £1,000 surcharge

The committee also recommended increasing the salary threshold of British employers who wanted to hire non-EU workforce.

Jan 20, 2016

Aamir Khan's comments hurt brand India: DIPP secretary

Amitabh Kant, secretary, department of industrial policy and promotion, said that the actor failed in his role as the face of the 'Incredible India' campaign.

Jan 19, 2016

IMF cuts 2016 global growth forecast to 3.4%

The IMF warned that the growth in emerging economies is likely to be impacted further if China slows down further.

Jan 19, 2016

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