Economy News

Obama's inversion push ends $160 billion Pfizer-Allergan merger

Deal would have seen Pfizer redomicile to Ireland to save paying huge corporate tax to the US

Apr 6, 2016

India serves steel products anti-dumping notice on China, others: Reuters source

The notices have been issued for hot-rolled coils of alloy and non-alloy steel, a source told Reuters.

Apr 6, 2016

IMF chief amps up call to boost global growth as risks increase

International Monetary Fund Managing Director Christine Lagarde turned up the volume on her calls for stronger action by the worlds economies to boost growth, warning that downside risks were increasing without decisive action. In a speech at Frankfurts Goethe University on 5 April, Lagarde prescribed specific moves, including for the United States to raise its minimum wage, for Europe to improve job training and for emerging economies to cut fuel subsidies and boost social spending. She said recovery from the 2007-2009 global financial crisis remains too slow, too fragile and risks to its durability are increasing.

Apr 5, 2016

This is how the industry reacted to RBI's 25bps rate cut

The repo rate cut sends a strong signal to maintain growth in view of the benign inflation and deficient demand, according to the CII.

Apr 5, 2016

Here is how RBI governor Raghuram Rajan views the global economy

At the first FY2017 bi-monthly monetary policy review meeting Tuesday, Raghuram Rajan gave a comprehensive view of the global economy.

Apr 5, 2016

Poor monsoon, rupee decline could spike inflation: Moody's

The credit rating agency's caution is similar to the concerns expressed by the RBI after Tuesday's monetary policy review meet.

Apr 5, 2016

RBI cuts repo rate by 25 basis points

Liquidity deficit had worsened from Rs.1.69 trillion as on 28 Jan to Rs. 2.8 trillion as on 2 April 2016.

Apr 5, 2016

Stake sale in 16 PSUs to fetch Rs. 40,000 crore for govt in FY17

Stake sales in Coal India, ONGC and NMDC are likely to raise Rs. 18,000 crore, Rs. 9,000 crore and Rs. 3,800 crore, respectively.

Apr 4, 2016

Assets under management of mutual funds grow 14% in FY16

The total assets under management of India's 43 mutual funds rose to Rs. 13.53 lakh crore in financial year 2015-16.

Apr 4, 2016

Debt downgrades hit an all-time high in FY16: Crisil

The scope for an improvement in credit quality in the near term is limited, the ratings agency noted.

Apr 4, 2016

Govt may reduce spectrum usage charge ahead of the mega auctions

Reduction in SUC may save up to Rs. 3,200 crore for debt-ridden telecom firms, may also lower tariffs for calls and broadband,

Apr 4, 2016

India missed many chances to lead global growth: FM Arun Jaitley

Arun Jaitley said, at the CII's annual session, that continuing with economic reforms holds the key to India leading the world economy.

Apr 4, 2016

India's factory output hits 8-month high in March

The country's manufacturing activity index rose to 52.4, the highest since 52.3 recorded in August 2015.

Apr 4, 2016

UK firms putting plans on hold ahead of EU vote: Survey

The June 23 referendum represented the biggest single concern for businesses, ahead of slow growth in the euro zone.

Apr 4, 2016

India ranks sixth in world's top manufacturers list

China topped the list as the world's top manufacturing country, according to a United Nations Industrial Development Organisation report.

Apr 3, 2016