Economy News

Pharma exports hit by shortage of drug inspectors, says Assocham; Dr Reddy's Laboratories plunges to 52-week low

India's pharma exports stood at $13.7 billion in 2014-15.

Dec 9, 2015

Modi govt's move to unearth black money a joke: Mohandas Pai

"Black money is not waiting in foreign banks for you to go and get information and do...," he said.

Dec 9, 2015

Google's commercial quantum computer is 100 million times faster than a PC

The quantum computer resoundingly beat a conventional computer in a series of tests.

Dec 9, 2015

GST Bill: Is Congress unleashing 'vendetta' using National Herald case?

The Congress has dragged Narendra Modi into the National Herald case, saying he is orchestrating it.

Dec 9, 2015

Australian computer forensics police raid home of suspected Bitcoin creator

The raids follow Wired magazine outing Craig Steven Wright as perhaps the one who released bitcoin's code in 2009

Dec 9, 2015

India is fourth biggest exporter of illicit capital; China leads, says report

With an average annual outflow of $51.03 billion, India is the fourth biggest exporter of illicit capital.

Dec 9, 2015

Changi Airport to manage Ahmedabad, Jaipur airports

The government had earlier scrapped a move to privatise these airports, along with Chennai and Ahmedabad airports.

Dec 9, 2015

Without GST we effectively divide our own country: Mahindra Group chairman

"In a fragile world, India's Brahmastra is its huge domestic market," he said.

Dec 9, 2015

US economy to have moderate growth in the next decade as more Americans retire

The Labour Department forecast the work-age population increasing at an annual rate of 0.5%, reaching 163.8 million in 2024.

Dec 9, 2015

Greece: Tour operators climb Colosseum to protest against Holy Year selling ban

Six Roman tour operators climbed on Romes Colosseum on 7 December to protest against an order banning them from approaching tourists on the streets to sell them their packages. The decree, passed by Romes municipality last month, came just before the Holy Year, due to start on 8 December and to last almost one year, when millions of pilgrims and tourists are expected to flock to the Italian capital as well as to the Vatican.

Dec 8, 2015

Erdogan's son denies any involvement in illegally selling Isis oil

Bilal has shipping and maritime assets and controls several oil tankers through his company.

Dec 8, 2015

Make in India: Govt gives 61 companies licence to make defence items

At least 50 of these firms, covering 79 industrial licences, have already reported commencement of production.

Dec 8, 2015

India ready to impose more curbs on steel imports

In September, India imposed the 20% import tax on some steel products.

Dec 8, 2015

Karnataka to incubate 20,000 start-ups by 2020: CM Siddaramaiah

The effort is expected to create six lakh direct and 12 lakh indirect jobs.

Dec 8, 2015

Sebi to come out with crowd funding norms

Sebi is also working to enable MFs to sell their schemes on e-commerce platforms.

Dec 8, 2015