Economy News

Greek banks must raise $15.9 billion to survive crisis, says ECB

Greece would need $4.84 billion to meet the standard scenario of economy.

Nov 1, 2015

Drought or cyclone, govt relief bypasses Odissa sharecroppers

CM Naveen Patnaik recently announced a Rs 1,000 crore special drought package.

Nov 1, 2015

Nod for Adani's coal mine triggers morality debate in Australia

Environment protection groups slam Australian govt for giving coal exports a moral twist.

Nov 1, 2015

Manufacturing startups shine at CeBIT, seek funds

Nationalised banks must give collateral free funding to manufacturing startups, says STPI official.

Oct 31, 2015

Investors losing confidence in Jharkhand, says ASSOCHAM

Jharkhand's contribution to India's GDP between 2004-05 and 2013-14 also dropped from 2% to 1.9% in 2013-14.

Oct 31, 2015

Radical reforms of India's bankruptcy norms proposed by experts

The outdated and overburdened bankruptcy system needs modernisation.

Oct 30, 2015

Uttar Pradesh: Villagers desperate for water as wells, pumps run dry

People living in drought-hit districts of Pratapgarh and Chitrakoot often walk miles to get water every day.

Oct 30, 2015

India risks losing credibility if PM Modi fails to keep BJP members in check: Moody's

Key reforms bills have stalled in Rajya Sabha due to "obstructionist opposition", the firm said.

Oct 30, 2015

LinkedIn profit surpasses estimates; hiring service, ads revenue surges

The company's full-year profit and revenue forecasts jumped 12%.

Oct 30, 2015

Euro-VI emission compliant fuel to be introduced by 2020: Oil Minister Pradhan

The government is planning to switch over directly from BS-IV to BS-VI auto fuels by 1 April, 2020.

Oct 30, 2015

World Bank keeps India's GDP forecast unchanged at 7.5% for FY16

However, IMF cut its forecast for India's growth to 7.3%.

Oct 30, 2015

Narendra Modi holds monthly meetings to revive stalled projects

Prime Minister Narendra Modi has set an ambitious goal of making India one of the 50 most business-friendly destinations in the world by 2017.

Oct 30, 2015

Saudi Arabia: Energy subsidy cut to test the country's pain threshold

The International Monetary Fund forecast that the Saudi budget could blow out to 20% GDP this year.

Oct 30, 2015

North Korea: Underground market generating wealth for citizens

When tanks rolled down Kim Il Sung Square in Pyongyang, the capital of North Korea on 10 October, the image given to the rest of the world was one of business as usual in the isolated country. However, away from the bombast and sabre rattling, a change is underway at the very heart of the North Korean state, once driven by a tightly controlled communist command economy, largely synonymous with rationing and material deprivation.

Oct 29, 2015

7th Pay Commission recommendations likely to boost domestic auto sales

Employees saw an average increase of 35% in salaries after implementation of the Sixth Pay Commission's recommendations.

Oct 29, 2015