Economy News

Gold repayments to help attract more depositors to monetisation scheme

Prime Minister Narendra Modi had launched the scheme last year to bring the gold stashed in Indian vaults to country's financial mainstream.

Apr 2, 2016

Indian banking system throws up worrying trends, says economist

While deposits grew at a five-decade low, currency circulation is at a disturbing high level, says Ajit Ranade.

Apr 2, 2016

Sixth Economic Census: Establishments grew by 38%, jobs by 41.7% in 8 years

Of the 5.85 crore companies, nearly 60 percent belonged to rural areas, employing 51.9 percent of the workforce.

Apr 2, 2016

Private equity, venture capital inflows into India plunge

Inflows from private equity players, venture capitalists and angel investors dropped 49 percent in the first quarter of calendar year 2016.

Apr 2, 2016

Wall Street off to a solid start in April

The Labor Department's report showed solid gains in nonfarm payrolls in March while the unemployment rate rose to 5 percent from an eight-year low of 4.9 percent.

Apr 2, 2016

Nagpur Metro gets Rs 3,800 crore loan from German development bank KfW

This is expected to be the first "green" metro project in the country, with power coming from rooftop solar panels.

Apr 1, 2016

Bangalore Metro Namma Metro Bangalore infra

EIB extends $512M credit for Lucknow Metro

A functional metro is expected to increase the use of public transport from 10 percent to an estimated 27 percent in Lucknow.

Apr 1, 2016

India's forex reserves slide from historic high

Foreign exchange reserves dropped $387.5 million in the week ended March 25, after hitting an all-time high of $355.94 billion in the preceding week.

Apr 1, 2016

cement index of core industries production IIP

India's February core industrial growth highest in 13 months

The growth was led by fertilizer, cement, electricity and refinery sectors.

Mar 31, 2016

India's external debt rises to $480B

A $4.9 billion rise in external debt over March 2015 was largely on account of an increase in external commercial borrowings and non-resident Indian deposits.

Mar 31, 2016

JNPT to raise Rs 2,600 crore for port infra projects

The port would avail the dollar-denominated loan from DBS bank and State Bank of India, the Mint reported.

Mar 31, 2016

US firm expects to sign deal to build 6 nuclear reactors in India

This could be the first commercial nuclear power project since India signed a nuclear deal with the U.S. in 2008.

Mar 31, 2016

Indian rupee depreciates 50% in 5 years

The currency was trading at about 66.22 March 31, 2016 afternoon, marking a fall of 48.67 percent over its March 2011 closing of 44.54 to the US dollar.

Mar 31, 2016