Economy News

India's GDP seen outpacing China on improving domestic demand: poll

Asia's third-largest economy likely expanded 7.3 percent in the second quarter of the current financial year.

Nov 30, 2015

Paradigm shift: U.S. online shopping rivals store trips, says NRF survey

An equal number of U.S. shoppers sought to buy items online as they did in physical stores over the Thanksgiving weekend.

Nov 30, 2015

Hillary Clinton moots $275 billion infrastructure spending plan to create jobs

Hillary Clinton plans to make job creation the focus of her campaign over the next month.

Nov 30, 2015

Iran: 50 oil projects proposed to foreign investors, says media

Some 135 energy companies attended a conference in Tehran to hear the terms of a new energy contract.

Nov 29, 2015

Genuine climate change financing needed, says economic affairs secretary

Das says clean technology is important and not unreasonable standards that create markets for developed countries.

Nov 29, 2015

China: Sinopec Corp offers refineries big incentives to export surplus diesel

About a half-dozen of Sinopec's refineries are being offered around $37.60 for each tonne of diesel exported.

Nov 29, 2015

Karnataka to clear projects instead of just inking pacts: Deshpande

Karnataka has a poor record of agreements not being implemented years after they were inked.

Nov 29, 2015

NDA's Bihar debacle has not affected reforms agenda, especially in realty

Reforms that stand out include the move for a pan-India goods and services tax regime.

Nov 29, 2015

Defiant Japan to resume whaling in Antarctic Ocean by March 2016

Japan notified the ICW that Japan will resume whaling from 2015-16 under a revised plan.

Nov 29, 2015

Brazil govt to sue Samarco for $5.24 billion in damages for dam burst

Samarco is a joint venture between the world's largest mining company, BHP Billiton Ltd, and Vale SA.

Nov 29, 2015

Rationalisation of tax exemptions, rebates to reduce litigation, says Jaitley deputy

Minister of State for Finance Jayant Sinha also said the government would soon launch a Start Up India programme

Nov 28, 2015

Strengthening dollar dents India's forex kitty by $149.7 million

The foreign exchange reserves stood at $352.36 billion for the week ended 20 November.

Nov 28, 2015

OPEC officials question upbeat forecast ahead of oil ministers' gathering

A year ago, OPEC made its historic decision to refuse to prop up prices by cutting supply

Nov 28, 2015

Gates to launch multi-billion dollar Clean Tech Initiative with heads of state

Gates and a group of developing and developed countries will launch the Clean Tech Initiative in Paris on Monday.

Nov 28, 2015

Govt planning $1 billion private equity fund for renewable energy sector: Piyush Goyal

The New and Renewable Energy Ministry is trying to get $2 billion from the World Bank and Asian Development Bank.

Nov 28, 2015