Economy News

Tata Steel to cut 1,050 jobs in Britain: Sky News

British steelmakers pay some of the highest energy costs and green taxes in the world.

Jan 18, 2016

Indian Postal Department to open 1,000 ATMs by March 2016

For financial inclusion, the department would also set up a 'payment bank' by March 2017.

Jan 17, 2016

World Bank partners with Indian Railways to set up railways development fund

However, Railway Minister Suresh Prabhu said that the size and nature of the fund were still under discussion.

Jan 17, 2016

'Start-up India' to end license raj, says FM

Speaking to entrepreneurs, Arun Jaitley said that the government's role should be that of a facilitator, not of a regulator.

Jan 17, 2016

India's foreign exchange reserves drop below $350 billion

The reserves stood at $348.93 billion as on 8 January, down $1.43 billion a week ago.

Jan 16, 2016

Congress dismisses Narendra Modi's Start-up India; President Mukherjee says India woke up late

Union Finance Minister Arun Jaitley has hinted at sops for start-ups in the forthcoming budget.

Jan 16, 2016

Iran-India $2.5 billion steel deal totters as end of sanctions looms

Steel exports had been halted since Iran stopped making payments in September, a source said.

Jan 16, 2016

RBI's Rajan likely to cut rates only once in 2016: Deutsche Bank

RBI's target to bring down the inflation rate to below 5% by early 2017 is likely to be an "uphill task", it said.

Jan 15, 2016

FIPB approves Cadila Healthcare's Rs 5,000 crore FDI proposal

In all, the FIPB approved five proposals worth Rs 6,050 crore and deferred six.

Jan 14, 2016

India and Japan working on deepening energy ties: Piyush Goyal

Goyal and Hayashi reaffirmed their desire to significantly increase the engagement between the two countries in various areas.

Jan 14, 2016

India to register entire population using Aadhaar ID: World Bank

About 60% of the world's population remains excluded from the ever-expanding digital economy.

Jan 14, 2016

Bihar levies luxury tax on samosa; will TN follow suit and impose tax on idli, dosa?

Imposing prohibition entails foregoing revenues, leaving hard choices for states to raise resources.

Jan 14, 2016

Air signs: India sees more MNCs booking charter flights

India sees a surge in private charter plane booking by MNCs to ferry their foreign executives visiting the country.

Jan 14, 2016

Asian shares skid as crude oil plumbs 12-year lows

MSCI's broadest index of Asia-Pacific shares outside Japan extended early losses and was down 1.7%.

Jan 14, 2016

Indian domestic air traffic demand was highest globally in November: IATA

The country's 25% growth demand was far ahead of US at 9% and China at 8%.

Jan 13, 2016