Economy News

Prices of essential food items on the rise, with little respite in sight: Report

Food inflation dropped to 5.3 percent in February, keeping it within the RBI's target of 6 percent, reports the Economic Times.

Mar 28, 2016

Spectrum auction likely from mid-July

The spectrum auctioning is expected to generate revenues worth Rs 5.36 lakh crore for the government.

Mar 27, 2016

Delhi govt may rationalise VAT to reduce burden on common man

The Aam Admi Party had promised to streamline tax system to make Delhi with one of the lowest VAT regimes in the country.

Mar 27, 2016

Pakistan, Iran aim to boost trade to $5 billion

The two leaders held talks about increasing Pakistan's electricity imports, reviving gas pipeline between Iran and Pakistan.

Mar 27, 2016

Domestic air traffic rises 24% in February, IndiGo market share at 36.8%

Indian domestic air carriers flew 74.76 lakh passengers in February 2016, up from 60.16 lakh in February 2015.

Mar 26, 2016

Delhi airport may see infrastructure expansion, 4th runway by 2020

The company is looking at ways to increase its passenger handling capacity from 18 million passengers to 30 million passengers.

Mar 25, 2016

India to rank states over ease of doing business

The move is intended at promoting competition among states under 340 parameters to improve ease of doing business.

Mar 24, 2016

Govt approves India-UAE MoU for $75B infra investment vehicle

The fund would support India's plans for the expansion of next generation infrastructure projects.

Mar 24, 2016

US investors pour in Indian equities, trim exposure to China

US investments in Indian equities stood at 1.8 percent of their foreign equity holdings by December 2015, as against 1.6 percent of China.

Mar 24, 2016

Govt okays highway projects worth Rs 6,284 crore for Karnataka, Himachal Pradesh

In addition, four road over-bridges projects totaling approximately Rs 683 crore were also approved.

Mar 24, 2016

Tirupati temple wants gold, not cash on maturity

The world's richest Hindu temple wants the longer-duration deposits under the Gold Monetisation Scheme to be redeemed in the yellow metal instead of cash.

Mar 24, 2016

Standard Chartered seeks to protect $2B diamond loans to Indian, Belgian traders

The London-based bank is asking diamond borrowers to furnish payment insurance or provide 100 percent collateral, according to a Bloomberg report.

Mar 24, 2016

IIM-A hikes course fees citing inflation trends

The fee has been increased 5.4 percent to Rs 19.5 lakh from Rs 18.5 lakh.

Mar 24, 2016

Global MNCs' outlook for China has deteriorated: Morgan Stanley

Industrials, IT, materials, and staples have the worst outlook for China's revenue trends, says Morgan Stanley.

Mar 23, 2016

Chinese media pooh-poohs Modi's India

In an op-ed, state-run Global Times says "Modi's economic reform has achieved little progress".

Mar 23, 2016