Economy News

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

FCI eyes Rs 10,400 crore from surplus wheat sale in open market

The average wheat selling price has been slightly higher than the price last year.

Jan 10, 2016

Govt planning to install 2,500 Wi-Fi hotspots by 2017: Telecom Minister

"Today mobile penetration is 100 crore, while internet penetration is 40 crore," said the Telecom Minister.

Jan 10, 2016

India will save $6 billion annually after switching to LED bulbs by 2018: Piyush Goyal

The minister of state for power said that the move will result in saving 100 billion units of electricity.

Jan 10, 2016

Sri Lanka cancels plan of purchasing JF-17 fighter jets from Pakistan

India had objected to the $400-million defence deal citing negative technical assessment as a reason.

Jan 10, 2016

Q3 results, budgetary expectations, macro-data points to drive markets: Observers

The upcoming Q3 earning results will start rolling out from 12 January.

Jan 10, 2016

Excise duty on petrol, diesel prices to be hiked again before March: Report

The government has already increased excise duty on petrol and diesel thrice in the past two months.

Jan 9, 2016

State governments keen on wooing investments, says Arun Jaitley

He said that governments are realising the need for economic development to address poverty.

Jan 8, 2016

Govt should relax fiscal deficit target to 3.9% in Budget 2016: BofA-ML

BofA-ML said the deficit gap is "well below" the medium term average of 4.8% since FY2000.

Jan 8, 2016

Foreign tourist arrivals up but earnings down in December

Arrivals increased by 3.2% but earnings declined by 3.39%.

Jan 8, 2016