Economy News

Govt's definition of start-ups is an unhappy compromise: Mohandas Pai

A three year tax holiday is of no use for start-ups, as they wouldn't have started making profits by then, he says.

Jan 20, 2016

Crude prices plummet to fresh 12-year lows after IEA says oil market may 'drown in oversupply'

The West Texas Intermediate (WTI) slipped to $27.92 a barrel before recovering later.

Jan 20, 2016

British firms hiring non-EU workforce will face £1,000 surcharge

The committee also recommended increasing the salary threshold of British employers who wanted to hire non-EU workforce.

Jan 20, 2016

Aamir Khan's comments hurt brand India: DIPP secretary

Amitabh Kant, secretary, department of industrial policy and promotion, said that the actor failed in his role as the face of the 'Incredible India' campaign.

Jan 19, 2016

IMF cuts 2016 global growth forecast to 3.4%

The IMF warned that the growth in emerging economies is likely to be impacted further if China slows down further.

Jan 19, 2016

Inside West Bank and Gaza: Economy suffers among a few millionaires

A report on how the West Bank economy depends on Israeli restrictions and how a few Gazans gained handsomely from nine years of a blockade and three wars on the city.

Jan 19, 2016

Supreme Court restrains Centre from selling residual stake in Hindustan Zinc

The apex court questioned the decision to sell stake in a company that deals with strategic minerals.

Jan 19, 2016

Govt's target of Rs 15,000 crore from gold bond sale 'difficult' to achieve

The government was able to raise Rs. 246 crore from the first tranche of gold bond scheme.

Jan 19, 2016

Fabindia sales cross Rs 1,000 crore mark, becomes India's largest retail apparel brand

During the fiscal year 2014-15, the textile company witnessed a 12% rise in sales worth Rs 1,148 crore.

Jan 19, 2016

China fourth-quarter growth slows to 6.8%, weakest since 2009

China is locked in the midst of a protracted slowdown, weighed down by weak exports, factory overcapacity and slowing investment.

Jan 19, 2016

Volkswagen faces shareholder claims over emissions scandal

Law firm Nieding + Barth said on Monday it would lodge a case in Brunswick court seeking hundreds of millions of euros in damages.

Jan 19, 2016

Now, you can read job contracts in Indian, Sri Lankan and Afghan languages

The UAE government's move is to increase transparency in employment contracts.

Jan 18, 2016

Domestic air traffic: SpiceJet, Jet Airways marginally lose market share; GoAir, IndiGo, Air India gain

SpiceJet's market share dipped to 12.7% in December from 13.3% in November.

Jan 18, 2016

MakeMyTrip under scanner for service tax evasion of Rs 75 crore

The DGCEI registered a case against the company and also arrested a senior executive who was later released on bail.

Jan 18, 2016

India's exports down for the 13th month in a row in December, fall 14%

The country exported goods valued at $22.29 billion, down 14.75% from $26.15 billion in December 2014.

Jan 18, 2016