Economy News

FDI inflows surged 114% in December 2015

Economists attribute the spike in FDI inflows to several initiatives taken by the BJP-led government.

Feb 5, 2016

India ratifies nuclear liability convention, hopes to win foreign investment

Nuclear reactor makers have been reluctant to set up plants in India because a 2010 liability law makes equipment suppliers potentially accountable for accidents.

Feb 5, 2016

BSE, IFC to jointly develop India's first corporate governance scorecard

"The scorecard will result in increased transparency and boost investor confidence," said Ashishkumar Chauhan, MD & CEO, BSE.

Feb 4, 2016

'Sanam Teri Kasam' vs 'Ghayal Once Again' pits Eros against Reliance Entertainment at the box office

"Sanam Teri Kasam" is being distributed by Eros, while Anil Ambani-owned Reliance Entertainment is distributing "Ghayal Once Again".

Feb 4, 2016

IAF requires Rs 6,800 crore to ramp up safety measures at air bases

The audit recommended that smart surveillance systems, advanced intrusion detection system and drones be set up to aid the safety measures.

Feb 4, 2016

OROP implementation to cost govt Rs 7,500 crore per year

The arrears for the period from July 2014 to December 2015 would cost about Rs 10,900 crore.

Feb 3, 2016

IIT panel recommends three-fold fee hike in student fees

We cannot keep subsisting at sub-critical levels and also face all-round criticism for not making a mark globally, an IIT director told the ET.

Feb 2, 2016

Indian economy 'lost momentum' in third quarter, says Reserve Bank of India

The central bank retained its FY2016 GDP growth estimate of 7.4 per cent.

Feb 2, 2016

RBI keeps policy rate on hold at 6.75 percent

The central bank cut the repo rate INREPO=ECI by 125 basis points in 2015.

Feb 2, 2016

Food imports rise as Modi struggles to revive rural India

Droughts, lack of agricultural investment and increasing demands from people are undermining the country's bid to be self-sufficient.

Feb 2, 2016

January car sales: Maruti Suzuki, Hyundai, Tata Motors report decline; Renault, Mahindra volumes up

Commercial vehicle sales of Ashok Leyland and Tata Motors are up, while two wheeler brand Royal Enfield has reported robust sales.

Feb 1, 2016

Iran says frozen assets worth $100 billion 'fully released'

The money is primarily from the sale of Iranian oil and is lying with banks in China, India, Japan, South Korea and Turkey.

Feb 1, 2016

RBI likely to keep policy rates unchanged, say analysts

Analysts argue that a rise in retail inflation and the pay commission's proposals would limit the RBI's options to lower rates.

Feb 1, 2016

India's manufacturing activity hit a four-month high in January

The Nikkei Manufacturing PMI was 51.1 in January, after plunging to a 28-month low of 49.1 in the previous month.

Feb 1, 2016

January car sales: Maruti Suzuki, Hyundai, Tata Motors report decline; Renault, Mahindra volumes up

Commercial vehicle sales of Ashok Leyland and Tata Motors are up, while two wheeler brand Royal Enfield has reported robust sales.

Feb 1, 2016