Economy News

Govt's disinvestment shortfall stands at Rs 50,000 crore

Poor stock market conditions have forced the government to delay stake sale in PSUs.

Dec 31, 2015

Oil ends trading session of 2015 in downbeat mood, hangover to continue

Crude prices held losses after falling 3% in the previous session.

Dec 31, 2015

Delhi: Authorities to crack down on vehicles emitting smoke to save choking city

A plan to fit particulate filters in diesel vehicles has been put into immediate effect.

Dec 31, 2015

Income tax defaulters: Names of 18 persons owing Rs 1,100 crore revealed

The biggest defaulter from Mumbai has a liability of Rs 779 crore.

Dec 30, 2015

Global growth will be disappointing in 2016: IMF managing director Christine Lagarde

Prospect of rising interest rates in the US and an economic slowdown in China were contributing to uncertainty, she said.

Dec 30, 2015

Railways want to import crude directly, set up refinery to benefit from soft prices globally: Report

Indian Railways is the largest consumer of diesel in India, at 2.8 billion litres annually.

Dec 30, 2015

Indian Railways to form joint ventures for improved connectivity, faster land acquisition

It also envisages participation by banks, ports and PSUs

Dec 30, 2015

HAL ties up with Russian firm Rostech to build 200 Kamov helicopters

The Value of the deal is estimated to be $1 billion.

Dec 30, 2015

Reputed Indian firms and multinationals pulled up for misleading ads

Advertising Standards Council of India upheld 51 out of 98 advertisements for misleading content.

Dec 30, 2015

Chennai, Madurai, Coimbatore, Tiruppur in Tamil Nadu's smart city plan

The state government submitted its list of 12 cities to the NDA government on Tuesday.

Dec 29, 2015

RBI-appointed panel wants Indian commercial banks to look at Islamic banking

The concept is similar to Islamic banking.

Dec 29, 2015

'Love for cash' is proving costly, says RBI panel

A single transaction at an ATM costs Rs 18-20.

Dec 29, 2015

UAE, Britain, Russia sovereign funds want to invest in India: Arun Jaitley

The first meeting of the National Investment and Infrastructure Fund (NIIF) was held on 29 December.

Dec 29, 2015

Pasargan Bank and Parsian Bank to open branches in India even as US prepares for fresh sanctions against Iran

Iran sought India's participation to develop Chabahar Port and Chahbahar Free Trade Zone (FTZ).

Dec 29, 2015

Govt expects FDI to rise by 45% in 2016

A DIPP official told PTI that measures to improve business conditions would help attract more foreign capital.

Dec 29, 2015