Economy News

Karnataka govt's likely ticket price capping may bring revenues for multiplexes

The state government may propose fixing the maximum price of a movie ticket as Rs 120 in the budget.

Mar 6, 2016

India to study mergers of state-run banks in efficiency push

State-run lenders hold more than two-thirds of assets in India's banking sector.

Mar 6, 2016

China says cuts in overcapacity won't cause massive layoffs

Xu Shaoshi, head of NDRC told reporters at a briefing that economic growth will create more jobs.

Mar 6, 2016

RBI unlikely to cut policy rates before April: Reuters poll

In 2015, the RBI had surprised the markets by announcing a 25 basis points cut in repo rate, just a few days after the presentation of budget.

Mar 5, 2016

India's foreign exchange reserves plunge $3.58 billion to $346.79 billion

The fall is almost twice the decline registered in the preceding week ended Feb.19.

Mar 5, 2016

China sets cap for energy consumption for first time

Total energy consumption was 4.3 billion tonnes of standard coal in 2015, up 0.9 percent from the previous year.

Mar 5, 2016

IMF to identify holdings of China's yuan in reserves surveys

The move will aid China's effort to secure a bigger role for its currency by revealing quarterly reserve holdings of yuan among the 188 IMF member countries.

Mar 5, 2016

China lowers 2016 growth target, announces lowest defense budget increase in 6 years

China set a growth target of 6.5-7 percent in 2016.

Mar 5, 2016

JNU student leader Kanhaiya Kumar goes full throttle at Modi sarkar

The JNU student leader says Constitution can't be "doctored" and nationalism can't be "patented".

Mar 4, 2016

India can grow at 9% if states perform: NITI Aayog CEO Amitabh Kant

Kant admitted certain liquidity constraints caused by some stressed companies and banks, but hoped the budget proposals could iron them out.

Mar 4, 2016

Indian tourists contributed Rs 5,400 crore to Australian economy in 2015: Report

The number of Indian tourists visiting Australia rose 18.6 percent in 2015 to 2,33,100 from 1,97,000 in the previous year.

Mar 4, 2016

Rupee gains for sixth straight day on higher dollar inflows

The domestic currency has been appreciating in tandem with a rally in stocks since March 1.

Mar 4, 2016

Gyan Sangam II: FM Arun Jaitley likely to unveil M&A road map for state-owned banks

The two-day conclave that kick-starts on Friday will be addressed by Jaitley and RBI Governor Raghuram Rajan.

Mar 4, 2016

Govt to repair British-era bridges in Rs 50,000 crore project

Under the Setu Bharatam project, 208 over-bridges and underpasses will be constructed in the first phase at the cost Rs 10,200 crore.

Mar 3, 2016

Govt may hike gas prices for ONGC, Reliance Industries by 60%: Report

The aim is to help the companies for their undeveloped gas discoveries in difficult areas, the PTI reported.

Mar 3, 2016