Economy News

Pay hikes a risk factor for India's fiscal consolidation, warns Fitch Ratings

The pay hike could challenge the government's goal of achieving a fiscal deficit of 3.5% by March 2017.

Nov 20, 2015

Drop in public, private investments holding economy back: Raghuram Rajan

The RBI has cut its growth forecast for the current fiscal year to 7.4% from 7.6% previously.

Nov 20, 2015

'Face with tears of joy' emoji most popular on Twitter: Study

About 86% of emoji users are aged 24 or younger, with about 50% in the 18-24 age group.

Nov 20, 2015

Investors will need RBI nod to buy 5% shares in private sector banks

The buyer has to give an annual declaration to the lender that it remains a "fit and proper" investor.

Nov 20, 2015

Malaysia: Asean economy to rise 5.6% annually, says PM Najib Razak

He said he's confident that the FDI inflows will continue to increase in the future.

Nov 20, 2015

US: Volkswagen under pressure to buy back, fix cars after emissions scandal

California has set a 20 November deadline for VW to come up with a plan to fix the diesel cars affected by rigged emissions tests.

Nov 20, 2015

China SUV boom fades, carmakers stare at falling prices, sales

SUV prices dropped 3.4% in the first nine months of this year.

Nov 20, 2015

PM Modi's gold bond scheme does "reasonably" well

The bond sale closes on 20 November, 2015.

Nov 20, 2015

PM Modi: Terror threat and security issues to be discussed at East Asia Summit

Apart from security threats the visits to Malaysia and Singapore are aimed at improving economic and security cooperation.

Nov 20, 2015

Chinese yuan may enter IMF special basket with lower weightage

Last set in 2010, the basket is currently 41.9% dollar, 37.4% euro, 11.3% sterling and 9.4% yen.

Nov 20, 2015

Jack Dorsey's Square spurts in market debut, gains 45%

The shares jumped to $14.78 in early trading on Thursday, and closed at $13.07, booking a 45% gain.

Nov 20, 2015

7th pay panel recommendations to rev up car, home sales

The Commission recommended a massive 139% hike in house rent allowance (HRA) for the employees

Nov 20, 2015

India becomes hotbed of investment from Japanese households

Japanese retail investors, chasing higher yields and resilient assets, will provide Indian corporates source of capital.

Nov 20, 2015

Oil traders brace for fall in prices as warm winter expected

Crude futures have already lost around 60% of their value since mid-2014.

Nov 20, 2015

7th Pay Commission report submitted: 23.5% overall hike; OROP for govt staff, armed forces

The 7th Pay Commission report will be implemented from 1 January 2016.

Nov 19, 2015