Economy News

Indian Oil cuts jet fuel prices; aviation stocks rise

State-owned Indian Oil Corporation cut ATF prices by Rs 515 per kilolitre with effect from March 9 midnight.

Mar 10, 2016

Clinton calls for sanctions on Iran after more missile tests

Hilary Clinton, a former secretary of state under President Barack Obama, said she was "deeply concerned" by the tests.

Mar 10, 2016

Indian steel companies likely to hike prices for second straight month, says analyst

After the Rs 1,500 per tonne increase in February, Indian steel companies could raise prices by Rs 1,000 to Rs 1,500 per tonne this month.

Mar 9, 2016

Capping movie ticket price in multiplexes will benefit all: Dayal Padmanabhan

Dayal Padmanabhan has spoken to International Business Times on the capping of movie ticket in Karnataka.

Mar 9, 2016

Saudi Arabia launches 'Saudization' plan to tackle unemployment; cellphone industry to have 100% local employees

The kingdom launched the nationalisation plan Tuesday with the aim to achieve total or partial "Saudization" in the private sector.

Mar 9, 2016

Indian Railways hires E&Y to generate ad revenue worth Rs 5,000 crore

The latest move comes after the railway minister announced during the rail budget that non-tariff earnings would be raised instead of hiking ticket prices.

Mar 9, 2016

Food courts, dispensaries and car servicing centres on highways likely: Report

Under the CSR initiative, the Ministry of Road Transport and Highways will write to companies to provide basic amenities on highways.

Mar 8, 2016

Proposed tax on EPF withdrawal rolled back; finance minister considers review

The proposal to tax withdrawal of EPF after retirement had drawn serious opposition from the salaried class.

Mar 8, 2016

2 major port projects worth Rs 15,000 crore likely to get cabinet approval: Report

The two ports have an initial investment of Rs 15,000 crore, ET reports.

Mar 8, 2016

Puma, Adidas apply for govt approval to have e-commerce portal

Long-existing foreign single-brands in India want to unify their operations in tune with the recent policy changes.

Mar 7, 2016

Court freezes Vijay Mallya's Diageo deal amount; fresh money laundering case registered against former chief of United Spirits

He and his group reportedly owe about Rs 7,800 crore primarily to Indian public sector banks.

Mar 7, 2016

Equity mutual fund inflows plunge to 21-month low in February: Report

At Rs 2,522 crore, February witnessed the third straight month when equity mutual fund investments dropped on account of falling stock markets.

Mar 7, 2016

SBI among 4 foreign banks granted approval to start branches in Myanmar

The four banks have been granted preliminary approval for a period of 12 months.

Mar 7, 2016

Nabard debuts with Rs 3,500-crore tax-free bond

The rural-economy-oriented development bank wants to utilise the proceeds for medium and minor irrigation projects.

Mar 7, 2016

Oil rises as traders close short positions, US producers cut rig count

U.S. energy firms last week cut oil rigs for an 11th week in a row to the lowest level since December 2009.

Mar 7, 2016