Economy News

India's annual wholesale inflation rises to (-) 1.99%

Food prices rose sharply by 2.3%.

Dec 14, 2015

India to hold leather products expo in Dubai

The leather export industry is symptomatic of falling exports from India.

Dec 14, 2015

Manhattan: Google to be anchor tenant at Pier 57 $350 million project

Pier 57, located on the Hudson river, will be transformed into office, commercial and cultural space.

Dec 14, 2015

Alibaba acquires South China Morning Post in a $266 million deal

Alibaba and SCMP Group said on Friday said Alibaba would buy the English language newspaper and other media properties.

Dec 14, 2015

IMF's exclusion from Greek bailout programme ruled out by EU

The Greek PM had accused the IMF of making unrealistic reform demands.

Dec 13, 2015

Saudi Arabia working out strategy to face era of cheap oil, cut spending

Low crude prices have pushed state finances deep into deficit.

Dec 13, 2015

Japan provides $12 billion soft loan to build India's first bullet train

China is also conducting feasibility studies for high speed trains in parts of India.

Dec 13, 2015

Packaged food market to be worth $50 bn by 2017: Assocham

There has been a major shift in food habits in metropolitan cities, the survey said.

Dec 13, 2015

Heathrow expansion: Government accused of being gutless over decision delay

The British Chambers of Commerce has branded the government “gutless” over delaying a decision on an expansion to Heathrow airport until summer 2016.

Dec 11, 2015

Global airline industry's net profit to rise in 2016: IATA

IATA also revised its industry outlook for 2015 upwards to net profit of $33 billion.

Dec 10, 2015

Rupee to trade between 66-68 against US dollar in next 12-18 months: Report

There is, however, one risk to the Indian currency.

Dec 10, 2015

Modi govt to fund only 10 cities under Smart City project for this year: Report

The Centre will announce the first list of smart cities on 26 January.

Dec 10, 2015

IISc wins $52,900 contract from US military for R&D on solar powered micro-grid

The contract has been awarded by US Pacific Air Forces, Yokota Air Base in Japan.

Dec 10, 2015

India bullet train: Japan may clinch deal, announcement likely during Abe's visit

The $14.3 billion project is likely to be financed with a conditional loan of $8 billion from Japan.

Dec 9, 2015

Pharma exports hit by shortage of drug inspectors, says Assocham; Dr Reddy's Laboratories plunges to 52-week low

India's pharma exports stood at $13.7 billion in 2014-15.

Dec 9, 2015