Economy News

Govt to host India Investment Summit on 4, 5 February

The event is aimed at showcasing investment opportunities in various sectors in India.

Jan 27, 2016

India's FY2016 oil import bill to reduce sharply on lower crude oil prices

However, the import dependency was up from 78.2% to 80.2%, indicating that falling prices have led to an increase in consumption.

Jan 27, 2016

In Gujarat, farmers struggle over GIDC's land acquisition, compensation

While some farmers have neither been paid nor their land been returned, others are angry over lower compensation.

Jan 27, 2016

Govt mulling National Investment Grid to boost private investment

The Department of Industrial Policy & Promotion is in discussion with states over the creation of such a grid.

Jan 27, 2016

Oil falls around 2 percent as profit-taking kicks in

Prices were also dampened by a bigger-than-expected build in US crude inventory.

Jan 27, 2016

Asian stocks struggle as headwinds grow; gold shines

Despite a weak bounce of 0.6%, MSCI's broadest index of Asia-Pacific shares outside Japan was holding near a four-year low hit last week.

Jan 27, 2016

France to invest $10 billion in India over next five years

Mahindra Defence and Airbus signed an agreement to produce military helicopters in India.

Jan 25, 2016

Incredible India: Will 'Quantico' actor Priyanka Chopra and Amitabh Bachchan be able to woo foreign tourists?

The "Quantico" actor Priyanka Chopra and Amitabh Bachchan may find it hard to campaign, given their existing commitments and the weak global economic growth.

Jan 25, 2016

5 Indian drug companies in race to buy Sagent Pharmaceuticals

Sun Pharmaceutical Industries was also reportedly interested, but it backed out after the company was valued at Rs 3,400 crore.

Jan 25, 2016

Johnson Controls in advanced talks to acquire Tyco

Johnson Controls' building efficiency segment had sales of $2.9 billion last quarter.

Jan 25, 2016

ONGC gets environmental nod for Rs 53,000 crore KG basin project

Once completed, the project would result in the production of 51.33 billion cubic meters of gas over a period of 16 years.

Jan 24, 2016

Govt to set up Andamans dry-dock at Rs 1,800 crore

Currently, ships have to sail as far as to Malaysia or Singapore for repairing works.

Jan 24, 2016

Govt says it has slashed LED bulbs prices a further 10%

Ministry of Power says it has achieved a rapid decline in LED bulb prices, making it affordable to the common man.

Jan 24, 2016

Railways may tap sunshine sectors to boost freight revenue

At the same time, the railways is likely to explore road railers to ensure last mile connectivity.

Jan 24, 2016

Iran oil minister says proposed OPEC emergency meeting may hurt market

Iran ordered an increase in crude output of 500,000 barrels per day (bpd) last week.

Jan 24, 2016