Economy News

Construction equipment industry to grow to $5 billion by 2019-20

Recent progress in highway road building activity and coal mining auction augurs well for it.

Nov 26, 2015

Construction of transnational TAPI gas pipeline to begin in December

Turkmenistan and Afghanistan have agreed to jointly launch the construction of the multi-billion dollar TAPI pipeline.

Nov 26, 2015

GlaxoSmithKline refurbishing its image to boost China sales after bribery scandal

China's drug market is the world's second largest but growth is slowing.

Nov 26, 2015

CITIC under the scanner for overstating financial derivatives by $166 billion

China's biggest brokerage says the current size of its swap business is no larger than 40 billion yuan.

Nov 26, 2015

Auto components, electronics have untapped potential in MSME, says report

India is an emerging global hub for sourcing auto components being geographically close to key automotive markets.

Nov 26, 2015

India among nations showing highest levels of corporate fraud, says survey

Both China and Russia showed much lower levels of corruption and bribery in corporate scenarios.

Nov 26, 2015

RBI's Rajan to maintain status quo on policy rates at December meeting: Poll

Rajan may wait to see the effect of expected rate hike by the US Federal Reserve in December.

Nov 26, 2015

Mudra Bank, Start up India to shore up MSMEs

While loans to larger businesses have increased 4%, small business loans have decreased 20%.

Nov 25, 2015

Autumn Statement verdict: Despite tax credits u-turn, Osborne will continue to hit countrys most vulnerable

Chancellor George Osborne delivered u-turns on tax credits and police cuts in his spending review.

Nov 25, 2015

China: Police crack $4.5 billion worth underground bank network

14 gangs, each of whose daily illegal transactions were more than $100,000, were arrested.

Nov 25, 2015

Number of Americans filing for unemployment benefits on the decline

Claims have now held below the 300,000 threshold for 38 consecutive weeks.

Nov 25, 2015

Timely tariff hikes key to keep discoms sustainable : Fitch

India's power generators continue to face low and declining capacity utilisation,

Nov 25, 2015

India may save Rs 2 lakh crore on oil imports this fiscal

However, consumers did not get the full benefit from a slump in global crude oil prices.

Nov 25, 2015

US economy grows 2.1% in Q3; Goldman Sachs calls it 'tortoise recovery'

The second estimate of 2.1% is higher than the first estimate of 1.5% reported in October.

Nov 25, 2015

Railways to create Rs 1.1 lakh crore fund to upgrade safety systems

A six-member committee has been formed to work out a blueprint for the programme.

Nov 25, 2015