Economy News

Arun Jaitley, Nirmala Sitharaman, Azim Premji part of Indian delegation to WEF Davos meet

The 100-member Indian delegation includes many famous businessmen.

Jan 13, 2016

Modi government sets up panel to assess 7th Central Pay Commission proposals

The 7th Pay Commission proposals are expected to cost the Central government Rs 1 lakh crore in FY2017.

Jan 13, 2016

Abraaj Group will acquire majority stake in CARE hospitals

Abraaj and CARE's management will focus on expanding CARE's healthcare delivery system in India.

Jan 13, 2016

Rafale fighter jets deal may cost India Rs 60,000 crore

Although the final price will be announced only after the two governments sign the deal.

Jan 13, 2016

Coal India plans biggest tech overhaul to check rampant theft

Coal India's productivity is estimated at just one-eighth of its technologically-advanced rivals in the US.

Jan 13, 2016

Retail inflation rises for fifth straight month in December, IIP contracts in November

Retail inflation, or CPI, had hit a 14-month high of 5.4% in November last year.

Jan 12, 2016

New Defence Procurement Policy results in dynamic changes

Another major change of the DPP is that "small and medium-scaled industries would get opportunities," Parrikar said.

Jan 12, 2016

New Sebi norms for MFs on corporate debt exposure hit housing finance companies

The norms restrict Mutual Funds exposure from 10% of NAV to 5% of NAV.

Jan 12, 2016

IT firms may increase fee for clients to absorb US visa fee hike

It is expected that IT firms will be burdened by an extra $400 million per year due to the increase in visa fees.

Jan 12, 2016

US funds are top investors in Indian stocks

Britain and Japan are the other two top countries with investment of $41.5 billion and $15.2 billion, respectively.

Jan 12, 2016

India close to sealing Rafale fighter jet deal with Dassault

India and France are expected to seal the military deal just before Hollande's arrival or during his visit to India in January.

Jan 12, 2016

Asian shares shaky, oil near 12-year low on China worries

Japan's Nikkei fell 1.3% after a market holiday on Monday.

Jan 12, 2016

Carl Icahn buying up Time Warner shares: sources

Time Warner shares closed at $69.66 on Monday.

Jan 12, 2016

NRI deposit growth slows down; falling crude oil prices could make matters worse

The growth pattern this fiscal is significantly different from that in the previous fiscal, reveals RBI data.

Jan 11, 2016

RINL signs MoU with Andhra govt for investments totaling Rs 38,500 crore

At an investment of Rs 3,400 crore, construction of Coke Oven Battery and other projects will be modernised.

Jan 11, 2016