Economy News

Flic-Flac - Spider that cart-wheels away from trouble

IBTimes UK looks at our favourite new species discovered in 2015.

Dec 24, 2015

Blue Bastard - Fish attacks its enemies by smothering them in kisses

IBTimes UK looks at our favourite new species discovered in 2015.

Dec 24, 2015

Saddleback Toad - Tiny frog smaller than 1cm

IBTimes UK looks at our favourite new species discovered in 2015.

Dec 24, 2015

Cess funds worth Rs. 1.4 lakh crore collected by govt remains unutilised: CAG

The government is still contemplating to levy additional cesses despite keeping these huge funds idle.

Dec 24, 2015

Modi in Russia: Reliance Defence signs pact with Russian arms firm Almaz-Antey

The announcement of the deal comes even as Prime Minister Modi is on a visit to Russia.

Dec 24, 2015

Indian rupee poised for 5th straight fall in 2015, likely to hover around 65-70 in 2016

If the rupee closes at around 66.50 on 31 December, 2015, it would have lost about 5%, y-o-y.

Dec 24, 2015

Pre-2005 bank notes (currency notes) can be exchanged upto June 30, 2016: RBI

From 1 January, 2016, this facility will be available only at identified bank branches and issue offices of the RBI.

Dec 24, 2015

RBI warns India Inc vulnerabilities may increase banks' bad loans

The central bank expressed concern over bad debt getting "more concentrated" among large, highly-leveraged borrowers.

Dec 24, 2015

Reliance Infrastructure in advanced talks to sell cement business for $394 million

Under the terms of the deal, the buyer would also take over the cement unit's outstanding debt of Rs 24 billion.

Dec 24, 2015

What if Arun Jaitley quits over the alleged DDCA scam? What if he doesn't?

The consequences would be tough both ways for the Modi government.

Dec 23, 2015

Black money: Modi govt detects undisclosed income worth Rs 16,000 crore

In October, Finance Minister Arun Jaitley had said that "the bulk of black money was still within the country."

Dec 23, 2015

Reliance and Aircel begin talks to merge their telecom operations

The combined business would surpass Vodafone's Indian operation as number two in the sector.

Dec 23, 2015

Asia shares edge higher following bounce on Wall Street, oil rout pauses

Economic data showed a slight downward revision in US economic growth to an annualised 2.0%

Dec 23, 2015

Modi government shrugs off falling exports, says domestic consumption matters

Contribution of exports to India's GDP down from 25.2% in FY13 to 21.2% in H1, FY16

Dec 22, 2015

India to save $44 billion in crude oil imports in FY16; case for reducing petrol, diesel prices?

There is a strong case for reducing petrol, diesel prices.

Dec 22, 2015