Economy News

Arrivals using E-tourist visas rose by a whopping 2713% in November

UK topped the list of countries using the facility followed by the USA.

Dec 15, 2015

Crude oil prices may snap losing streak, says top OPEC official

India has benefited a lot from falling crude oil prices.

Dec 15, 2015

Wealthy Asians continue to prefer Western brands over others: Survey

The survey covered 300 wealthy consumers in India, China, Indonesia, Thailand, Vietnam and the Philippines.

Dec 15, 2015

H-1B, L-1 visas could become costlier by $2,000 to fund US healthcare

Indian IT companies could face a spate of visa-related headwinds in the coming months.

Dec 15, 2015

November retail inflation hits 14-month high on costlier food items

The RBI aims to keep retail inflation to around 5% by March 2017.

Dec 15, 2015

Barack Obama expected to sanction Taiwan frigate sales despite China's opposition

The sale would mark the first time in four years that the United States has shipped arms to Taiwan.

Dec 15, 2015

Global glut plunges crude oil prices to near-11-year lows

Iran's entry in a big way poses another challenge to crude oil prices.

Dec 14, 2015

Window for further RBI rate cuts now closed: Capital Economics

'By contrast, the consensus is expecting further modest loosening next year', says research firm.

Dec 14, 2015

Modi govt may trim economic growth forecasts for this fiscal: Report

The trimmed growth estimates are likely to be announced in the Mid-Year Economic Review on 18 December.

Dec 14, 2015

December car sales: Will automobile segment snap 13-month growth?

December 2015 is a different ballgame altogether, with bad news pouring in from all sides.

Dec 14, 2015

India's annual wholesale inflation rises to (-) 1.99%

Food prices rose sharply by 2.3%.

Dec 14, 2015

India to hold leather products expo in Dubai

The leather export industry is symptomatic of falling exports from India.

Dec 14, 2015

Manhattan: Google to be anchor tenant at Pier 57 $350 million project

Pier 57, located on the Hudson river, will be transformed into office, commercial and cultural space.

Dec 14, 2015

Alibaba acquires South China Morning Post in a $266 million deal

Alibaba and SCMP Group said on Friday said Alibaba would buy the English language newspaper and other media properties.

Dec 14, 2015

IMF's exclusion from Greek bailout programme ruled out by EU

The Greek PM had accused the IMF of making unrealistic reform demands.

Dec 13, 2015