Economy News

Greece debt crisis: Eurozone ministers approve fresh bailout funds after marathon talks

Greece has unlocked €10.3bn (£7.9bn, $11.5bn) of fresh funds from creditors as Eurozone finance ministers struck a deal to continue financing the debt-stricken country.

May 25, 2016

Switzerland considers paying $2,500 per month to every citizen

On June 5, the Swiss will vote whether to introduce the basic income system in the economy or not, Bloomberg reported.

May 24, 2016

Supreme Court rejects plea seeking total ban on water supply to Maharashtra liquor industry

A petitioner had sought the Supreme Court to issue directions to the state government to fully stop water supply in the wake of drought.

May 24, 2016

Foreign investors like Indian equities, shun debt

Net equity position of foreign portfolio investors (FPIs/FIIs) is $2.06 billion while it is negative in debt investments.

May 24, 2016

Public debt declined to Rs. 55.73 lakh crore in March quarter of FY16

Internal debt constituted 92 percent of the total public debt for the March 2015-16 quarter.

May 24, 2016

India, Thailand and Myanmar to be connected by road

This is the first time India will be connected to the South East Asian nations, by a 1,400-km highway.

May 23, 2016

Tomato prices zoom in Karnataka

In Kolar, tomato prices were hovering at around Rs. 500 per 15 kg from a low of Rs. 30 per 15 kg a year ago.

May 23, 2016

India and Iran sign Chabahar port agreement

The central focus of Modi's visit to Iran is the signing of a trilateral agreement on the Chabahar port in the Gulf of Oman.

May 23, 2016

Remittances to India dip as Gulf jobs lose sheen on faltering oil prices

India's migrant workers face challenging work conditions in the Gulf as countries look to reserve more jobs for natives.

May 22, 2016

Some evacuation orders lifted in Canada's scorched oil lands

Authorities in the oil town of Fort McMurray lifted the mandatory evacuation orders on Suncor's base plant and Syncrude's Mildred Lake facility.

May 22, 2016

Apple CEO Tim Cook meets PM Modi, launches updated version of Narendra Modi mobile app

Apple CEO Tim Cook met PM Narendra Modi at his official residence on Saturday and also launched the updated version of Narendra Modi mobile app.

May 21, 2016

World Bank announces $500 million insurance fund to tackle disease outbreaks

Japan has become the first country to commit $50 million towards the fund.

May 21, 2016

Domestic air traffic: How IndiGo, Jet Airways, Air India, Go Air, AirAsia India, Vistara performed in April

Indigo, Air India, SpiceJet improved their market share, while Jet Airways recorded a decline in April.

May 21, 2016

Indian Railways faces increasing competition from road, air transport: Railway Minister Suresh Prabhu

Better roads and low airfares are eating into Indian Railways' passenger traffic growth, Suresh Prabhu told a news website.

May 21, 2016

India's foreign exchange reserves decline $968 million to $361 billion

The reserves fell for the second consecutive week, ended May 13, according to RBI data.

May 20, 2016