Economy News

India dethrones China as world's top FDI destination: Report

India received $63 billion in foreign direct investments in 2015, against China's $56.6 billion, says a report by a Financial Times division.

Apr 22, 2016

China seizes biggest share of global exports in almost 50 years

The success belies widespread predictions rising costs for Chinese labour and a currency that has increased nearly 20 percent against the dollar.

Apr 22, 2016

Domestic air traffic: How IndiGo, Jet Airways, Air India, Go Air, AirAsia India, Vistara performed in March [PHOTOS]

Indian air carriers flew 7.87 million passengers in March 2016, up 25 percent from 6.28 million in March 2015. IndiGo, Go Air gained, Jet, SpiceJet lost.

Apr 21, 2016

Bank deposit growth rate in FY16 falls below five-decade low

Bank deposits grew 9.72 percent as on April 1, 2016, year-over-year, lower than the five-decade low of 9.9 percent as on March 18, according to the RBI.

Apr 21, 2016

Indian Railways capital expenditure rose to a new high in FY16: Report

The capital expenditure of Indian Railways in 2015-16 was Rs. 94,000 crore, up Rs. 37,000 crore YoY, the Economic Times reported.

Apr 21, 2016

Future Generali India Insurance expects rural, micro-insurance to grow by 30%

Future Generali India Insurance has tied-up with 10 banks in Maharashtra to tap the growing insurance segments.

Apr 20, 2016

Rupee gains for second straight day

The Indian rupee gained 33 paise on Wednesday to close at 66.23 to the US dollar on sustained selling by bankers and exporters.

Apr 20, 2016

World steel production plunges 3.6% in the first three months of 2016

The three-month steel production in 2016 was 385.67 mt, down from 400.27 mt in the corresponding period of 2015, according to World Steel Association.

Apr 20, 2016

RBI Governor Raghuram Rajan says no need to get hyper over India's growth rate

India needs to repeat this performance for the next 20 years to earn a decent livelihood for every Indian, Rajan said.

Apr 20, 2016

Indians sent $4 billion for students studying overseas in FY16

This is approximately 187 percent more than $1.32 billion in outward remittances for educational purposes in 2014-15.

Apr 19, 2016

Foreign tourist arrivals up 12% in March

During the month, 8.17 lakh foreign tourists visited India as compared to 7.29 lakh in March 2015.

Apr 19, 2016

Maharashtra may halt water supply to breweries in Aurangabad from May

The Maharashtra government will review on April 30 the 20 percent water supply cut to breweries and distilleries till the end of the month.

Apr 19, 2016

India, US must increase bilateral trade to $500 billion, says US official

Indian-owned companies in the U.S. employ around 44,000 people and contribute $2 billion to U.S. exports.

Apr 19, 2016

Rajan says forex intervention to continue to reduce volatility

India will intervene in the currency market when there's a sustainable risk in global markets, Rajan said.

Apr 19, 2016

India's March trade deficit narrows to $5.07 billion

Rapid shrinking in imports aided by falling crude oil prices contributed to the lowest deficit in five years.

Apr 19, 2016