Economy News

Australian computer forensics police raid home of suspected Bitcoin creator

The raids follow Wired magazine outing Craig Steven Wright as perhaps the one who released bitcoin's code in 2009

Dec 9, 2015

India is fourth biggest exporter of illicit capital; China leads, says report

With an average annual outflow of $51.03 billion, India is the fourth biggest exporter of illicit capital.

Dec 9, 2015

Changi Airport to manage Ahmedabad, Jaipur airports

The government had earlier scrapped a move to privatise these airports, along with Chennai and Ahmedabad airports.

Dec 9, 2015

Without GST we effectively divide our own country: Mahindra Group chairman

"In a fragile world, India's Brahmastra is its huge domestic market," he said.

Dec 9, 2015

US economy to have moderate growth in the next decade as more Americans retire

The Labour Department forecast the work-age population increasing at an annual rate of 0.5%, reaching 163.8 million in 2024.

Dec 9, 2015

Greece: Tour operators climb Colosseum to protest against Holy Year selling ban

Six Roman tour operators climbed on Romes Colosseum on 7 December to protest against an order banning them from approaching tourists on the streets to sell them their packages. The decree, passed by Romes municipality last month, came just before the Holy Year, due to start on 8 December and to last almost one year, when millions of pilgrims and tourists are expected to flock to the Italian capital as well as to the Vatican.

Dec 8, 2015

Erdogan's son denies any involvement in illegally selling Isis oil

Bilal has shipping and maritime assets and controls several oil tankers through his company.

Dec 8, 2015

Make in India: Govt gives 61 companies licence to make defence items

At least 50 of these firms, covering 79 industrial licences, have already reported commencement of production.

Dec 8, 2015

India ready to impose more curbs on steel imports

In September, India imposed the 20% import tax on some steel products.

Dec 8, 2015

Karnataka to incubate 20,000 start-ups by 2020: CM Siddaramaiah

The effort is expected to create six lakh direct and 12 lakh indirect jobs.

Dec 8, 2015

Sebi to come out with crowd funding norms

Sebi is also working to enable MFs to sell their schemes on e-commerce platforms.

Dec 8, 2015

Indian Navy set to negotiate purchase of multi-role Sikorsky helicopters

Although the helicopters were selected in December 2014, there were some issues over cost escalations.

Dec 8, 2015

RBI governor Rajan hopeful of GST Bill passage; National Herald case could spoil the game

RBI governor Raghuram Rajan reportedly made the statement while talking to FIIs at an event organised by USBIC.

Dec 8, 2015

OPEC hands a multi-billion dollar bonanza to India

India's crude oil import bill, which was $112.74 billion in 2014-15, could see a drastic fall this year.

Dec 8, 2015

Digital commerce market in India to triple by 2017: Report

The market is expected to triple to a whopping $128 billion in 2017 from $42 billion.

Dec 7, 2015