Economy News

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

Global food prices plung 19% in 2015: FAO

In December, the FAO food price index averaged at 154.1 points, 1% down from November value.

Jan 11, 2016

India isn't necessarily a beneficiary of falling oil, commodity prices

The sharp fall can be attributed to the drop in petroleum product exports, which have plunged by about 52%, according to government data.

Jan 11, 2016

Birla Corp may acquire Reliance cement business in Rs 5,000-crore deal

Birla Corp is perhaps the only potential buyer engaged in advanced talks with Reliance Infra cement company.

Jan 11, 2016

Domestic cars sales up for the 14th month in a row, reveals Siam data

Car makers sold 1,72,671 units in December 2015, up 12.87%, y-o-y.

Jan 11, 2016

Asian share markets fall amid China confusion

Equity investors seemed less than reassured with the Shanghai Composite Index and the CSI300 index.

Jan 11, 2016

Indian Oil to invest $600 million to upgrade Paradip refinery in Odisha

Paradip refinery is IOC's most advanced plant that can process the dirtiest crude oil available at a cheaper rate.

Jan 11, 2016