Economy News

Reliance Infrastructure in advanced talks to sell cement business for $394 million

Under the terms of the deal, the buyer would also take over the cement unit's outstanding debt of Rs 24 billion.

Dec 24, 2015

What if Arun Jaitley quits over the alleged DDCA scam? What if he doesn't?

The consequences would be tough both ways for the Modi government.

Dec 23, 2015

Black money: Modi govt detects undisclosed income worth Rs 16,000 crore

In October, Finance Minister Arun Jaitley had said that "the bulk of black money was still within the country."

Dec 23, 2015

Reliance and Aircel begin talks to merge their telecom operations

The combined business would surpass Vodafone's Indian operation as number two in the sector.

Dec 23, 2015

Asia shares edge higher following bounce on Wall Street, oil rout pauses

Economic data showed a slight downward revision in US economic growth to an annualised 2.0%

Dec 23, 2015

Modi government shrugs off falling exports, says domestic consumption matters

Contribution of exports to India's GDP down from 25.2% in FY13 to 21.2% in H1, FY16

Dec 22, 2015

India to save $44 billion in crude oil imports in FY16; case for reducing petrol, diesel prices?

There is a strong case for reducing petrol, diesel prices.

Dec 22, 2015

Make in India generates $32.87 billion in FDI; IT hardware and software, services get maximum share

Construction, telecom, tourism, mining, pharmaceuticals, power and non-conventional energy also got sizeable investments.

Dec 22, 2015

Asset reconstruction companies of little help to debt-choked Indian banking system

India's central bank has set a clean-up target for the banking sector of March 2017.

Dec 22, 2015

Retrofitted electric vehicles likely to impact bus sales

The domestic industry size of buses was approximately 81,653 vehicles last year.

Dec 22, 2015

Govt planning to reduce eligibility tenure for paying gratuity: Report

The report says the eligibility could be reduced to three years from five.

Dec 22, 2015

India will be world's fastest growing economy over next decade: Harvard

The Chinese economy, the world's second-largest, is projected to see continued slowdown.

Dec 22, 2015

Govt may trim excise exemption list to 90 items in Budget 2016

The move to reduce the list may fetch tax revenue of Rs 50,000-60,000 crore to the government.

Dec 22, 2015

China set to buy more assets abroad in 2016 after fuelling Asia's $1 trillion deal value in 2015

Asia-Pacific M&A totalled $1.2 trillion so far this year, up 46% from last year.

Dec 22, 2015

Medium term prospects of NBFCs are not uniform: Gandhi

The micro finance institution segment would shrink as big 10 would become small finance banks.

Dec 21, 2015