Economy News

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India's forex reserves hit lifetime high of $375.7 billion; retail inflation falls to 2.99% for April

During the week ended May 5, India's foreign exchange reserves rose $2.98 billion to reach an all-time high of $375.71 billion, retail inflation for April came at 2.99 percent.

May 12, 2017

US Congresswoman Pramila Jayapal for thoughtful roll-out of H1-B visa changes

Pramila Jayapal (Democrat, Washington), is in India as part of a US Congressional delegation.

May 12, 2017

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First working session of G7 finance summit begins

The summit is being attended by finance ministers and banking representatives of the world's seven most industrialised nations.

May 12, 2017

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Modi govt had approved introduction of Rs. 2,000 note in June last year: Report

The decision to demonetise Rs. 500 and Rs. 1,000 notes and introduce a new denomination (Rs. 2,000) in November had its origins in mid-2016.

May 11, 2017

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IT jobs: India's loss is America's gain; layoffs here, stepped-up hiring in US

Indian employees of Wipro, Infosys and Tech Mahindra may be a worried lot, but some of these IT companies are planning to hire American workers in a big way.

May 11, 2017

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India rejects Boston Scientific plea on stent price caps

The Modi government in February slashed prices of drug-releasing stents, small mesh devices used to pop open blocked arteries, by as much as 75 percent.

May 10, 2017

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Car sales surge 17% in April, commercial vehicle segment sluggish

Data released by industry body Siam shows overall vehicle sales grew 6.82 percent for April, led by car sales and 7.34 percent for two wheelers.

May 9, 2017

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India poised to grow at 7.2% in 2017-18: IMF

On the flip side, India's current account deficit is likely to widen as domestic demand strengthens further and commodity prices rebound.

May 9, 2017

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Does US tax plan have implications for India?

Brokerage Angel Broking analyses the impact of changes in tax rates proposed by US president Donald Trump.

May 9, 2017

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How will GST impact the Indian real estate sector?

The Goods and Services Tax (GST) is expected to be rolled out from July 1 this year.

May 9, 2017

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India is a huge market for anyone to ignore: Warren Buffet

In an interview to an Indian business channel, Warren Buffett, billionaire and CEO of Berkshire Hathaway said the country offers good investment opportunities.

May 8, 2017

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Arun Jaitley urges Asian Development Bank to open regional office in New Delhi

Jaitley was addressing the ADB Board of Governors in Yokohama, Japan.

May 6, 2017

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France at a glance in the backdrop of presidential elections

As candidates Emmanuel Macron and Marine Le Pen keep their fingers crossed ahead of the second round of French presidential polls, here is a look at France, its economy, fashion, tourism,challenges and society.

May 6, 2017

Vince Cable says Ukip and Conservatives are effectively the same

Vince Cable stated the Liberal Democrats enjoyed a positive outcome in the local elections after being quite badly damaged in the coalition years. Mr Cable described the Conservatives and Ukip as effectively the same and insisted that if voters want an alternative we are it.

May 5, 2017

Marine Le Pen Booed at Reims Cathedral

A crowd gathered outside the cathedral ahead of Le Pens arrival and booed her, shouting, Give back the money! according to reports.After touring the cathedral, Le Pen left by a side door, where she was again jeered.

May 5, 2017