Economy News

ECB president Mario Draghi extends QE programme until March 2017

The European Central Bank has decided against an increase in the pace of the asset purchase programme, Mario Draghi announced at a press conference on 3 December.

Dec 3, 2015

#ChennaiRains: First gesture comes from film fraternity, not India Inc

IIFA Utsavam has postponed its celebrations in view of the unprecedented rainfall in Chennai.

Dec 3, 2015

India to ban old trucks as cities choke on dirty air

Hauliers complain such a move would unfairly single them out.

Dec 3, 2015

Khan Academy arrives in India with launch of Hindi portal

By the end of 2015 Khan Academy estimates more than 8 million users in India

Dec 3, 2015

ADB revises forecast for China's 2015 economic growth higher

China's economy is now expected to clock growth of 6.9% in 2015, from 6.8% earlier.

Dec 3, 2015

Bond yields slump on RBI's OMO plan to infuse liquidity

At 9:08 a.m., the benchmark 10-year bond yield was down 5 basis points at 7.69%.

Dec 3, 2015

India: Services growth at five-month low in November

The PMI for services fell sharply to 50.1 in November from October's eight-month high of 53.2.

Dec 3, 2015

Swachh Bharat cess not pushing up inflation: Sanitation minister

From 15 November, the government started levying a 0.5% cess on all taxable services to fund Swachh Bharat mission.

Dec 3, 2015

Global server shipments grew 9.2% in third quarter of 2015: Gartner

Vendor revenue increased 7.5% year-on-year, says Gartner

Dec 3, 2015

Government grants approval for setting up 13 airports: Minister

The will come up in Goa, Maharashtra, Karnataka, Kerala, Gwalior, Sikkim, UP and Puducherry.

Dec 2, 2015

Chennai floods: Hyundai, Renault suspend operations; Assocham says financial loss may exceed Rs 15,000 crore

It has urged the Modi government to immediately announce a relief package for industry in Tamil Nadu.

Dec 2, 2015

India sees 13% increase in FDI in first half of this fiscal year

India saw highest FDI inflows of $6.69 billion from Singapore.

Dec 2, 2015

Gas worth Rs.11,000 cr migrated from ONGC to RIL fields: Report

The volume of gas belonging to ONGC which RIL has produced comes out to worth $1.7 billion.

Dec 2, 2015

Yahoo preparing to sell off its core Internet business: report

Future of the company and that of high-profile Chief Executive Marissa Mayer in doubt.

Dec 2, 2015

Edmund Shing on defence spending

Edmund Shing on defence spending

Dec 2, 2015