Economy News

France to invest $10 billion in India over next five years

Mahindra Defence and Airbus signed an agreement to produce military helicopters in India.

Jan 25, 2016

Incredible India: Will 'Quantico' actor Priyanka Chopra and Amitabh Bachchan be able to woo foreign tourists?

The "Quantico" actor Priyanka Chopra and Amitabh Bachchan may find it hard to campaign, given their existing commitments and the weak global economic growth.

Jan 25, 2016

5 Indian drug companies in race to buy Sagent Pharmaceuticals

Sun Pharmaceutical Industries was also reportedly interested, but it backed out after the company was valued at Rs 3,400 crore.

Jan 25, 2016

Johnson Controls in advanced talks to acquire Tyco

Johnson Controls' building efficiency segment had sales of $2.9 billion last quarter.

Jan 25, 2016

ONGC gets environmental nod for Rs 53,000 crore KG basin project

Once completed, the project would result in the production of 51.33 billion cubic meters of gas over a period of 16 years.

Jan 24, 2016

Govt to set up Andamans dry-dock at Rs 1,800 crore

Currently, ships have to sail as far as to Malaysia or Singapore for repairing works.

Jan 24, 2016

Govt says it has slashed LED bulbs prices a further 10%

Ministry of Power says it has achieved a rapid decline in LED bulb prices, making it affordable to the common man.

Jan 24, 2016

Railways may tap sunshine sectors to boost freight revenue

At the same time, the railways is likely to explore road railers to ensure last mile connectivity.

Jan 24, 2016

Iran oil minister says proposed OPEC emergency meeting may hurt market

Iran ordered an increase in crude output of 500,000 barrels per day (bpd) last week.

Jan 24, 2016

Scope for increasing dividend payout, says proxy advisory firm IiAS

The firm's assertion is based on its study of FY2015 results of 73 companies belonging to S&P BSE 500.

Jan 23, 2016

5/20 rule faces criticism from civil aviation minister Gajapathy Raju

The rule is being opposed as well as supported by Indian air carriers based on commercial considerations.

Jan 23, 2016

Oil's whiplash above $30: dead cat bounce or double-bottom base?

US oil futures for March CLH6 surged 13.5% on Thursday and Friday.

Jan 23, 2016

India's forex reserves fall for third week in a row to $347 billion

The RBI said the reserves declined by $1.72 billion for the week ending 15 January, 2016.

Jan 22, 2016

India to be fastest growing big economy in 2016: UN

India's economy is projected to grow by 7.3% in 2016 and 7.5% in 2017, says UNESCAP.

Jan 22, 2016

Cybercrime spike could hurt Indian companies: Report

India's quality of security infrastructure is at par with that of the US and Brazil, according to a report released by Cisco.

Jan 22, 2016