Economy News

PM to launch Rs. 8,000 crore scheme for free LPG connections to BPL families

The Pradhan Mantri Ujjwala Yojana, to be launched by Narendra Modi on May 1, will provide 5 crore free LPG connections across India.

Apr 23, 2016

Mumbai, Delhi, Bengaluru, Hyderabad airports post high growth in domestic passenger volumes

Mumbai, Delhi, Bengaluru and Hyderabad airports recorded growth in the range of 19 to 25 percent in passenger volumes in 2015-16.

Apr 23, 2016

Domestic passenger air traffic to cross 100 million in FY17; IndiGo, SpiceJet to outperform industry: Analyst

Strong demand is expected to lift domestic air traffic beyond 100 million from 85 million in FY16; Indigo, SpiceJet to outperform industry, says an Edelweiss Securities note.

Apr 23, 2016

Wall Street ends flat; Alphabet and Microsoft tumble

The S&P technology sector dropped 1.9 percent, its worst decline since early February, with Facebook down 2.5 percent and Intel falling 1.03 percent.

Apr 23, 2016

Oil up, marking third week of gains as market sentiment improves

Strong gasoline consumption in the United States, increasing signs of declining production around the world and oilfield outages have underpinned a return to investment in the sector, traders said.

Apr 23, 2016

India's forex reserves hit record high of $360.25 billion

The foreign exchange reserves of India rose $333.7 million in the week ended April 15, according to the RBI data.

Apr 22, 2016

India dethrones China as world's top FDI destination: Report

India received $63 billion in foreign direct investments in 2015, against China's $56.6 billion, says a report by a Financial Times division.

Apr 22, 2016

China seizes biggest share of global exports in almost 50 years

The success belies widespread predictions rising costs for Chinese labour and a currency that has increased nearly 20 percent against the dollar.

Apr 22, 2016

Domestic air traffic: How IndiGo, Jet Airways, Air India, Go Air, AirAsia India, Vistara performed in March [PHOTOS]

Indian air carriers flew 7.87 million passengers in March 2016, up 25 percent from 6.28 million in March 2015. IndiGo, Go Air gained, Jet, SpiceJet lost.

Apr 21, 2016

Bank deposit growth rate in FY16 falls below five-decade low

Bank deposits grew 9.72 percent as on April 1, 2016, year-over-year, lower than the five-decade low of 9.9 percent as on March 18, according to the RBI.

Apr 21, 2016

Indian Railways capital expenditure rose to a new high in FY16: Report

The capital expenditure of Indian Railways in 2015-16 was Rs. 94,000 crore, up Rs. 37,000 crore YoY, the Economic Times reported.

Apr 21, 2016

Future Generali India Insurance expects rural, micro-insurance to grow by 30%

Future Generali India Insurance has tied-up with 10 banks in Maharashtra to tap the growing insurance segments.

Apr 20, 2016

Rupee gains for second straight day

The Indian rupee gained 33 paise on Wednesday to close at 66.23 to the US dollar on sustained selling by bankers and exporters.

Apr 20, 2016

World steel production plunges 3.6% in the first three months of 2016

The three-month steel production in 2016 was 385.67 mt, down from 400.27 mt in the corresponding period of 2015, according to World Steel Association.

Apr 20, 2016

RBI Governor Raghuram Rajan says no need to get hyper over India's growth rate

India needs to repeat this performance for the next 20 years to earn a decent livelihood for every Indian, Rajan said.

Apr 20, 2016