Economy News

India to have more than 500 million mobile subscribers by 2015 end: Report

Another 250 million subscribers would be added by 2020.

Nov 27, 2015

RBI to hold rates steady, growth to be 7.3% in Sept quarter: poll

All 45 economists surveyed expected the RBI to stand pat at its policy review on Tuesday.

Nov 27, 2015

HSBC planning to shut down private banking business in India

Yet another exit by a foreign bank from the cut-throat wealth management business in Asia's third-largest economy.

Nov 27, 2015

E-commerce: Number of Indians who buy from global online retailers to soar

Cross-border trade has been predicted to grow; high customs duty and delivery shipping costs are key deterrents.

Nov 27, 2015

Government facing difficulties convincing Indians inflation will stay low

Convincing Indians that the central bank can keep inflation low is proving difficult.

Nov 27, 2015

India to become 3rd largest air passenger market by 2026: IATA

India will displace Britain as the third-largest market by 2026.

Nov 27, 2015

Brazil: Destruction of Amazon rainforest rises 16% in 2015

The data released by the environment ministry on Thursday confirmed preliminary information released recently.

Nov 27, 2015

ADB, Pakistan sign agreement for $800 million loan to boost power sector

Power shortages are a major obstacle in Pakistan's economic development.

Nov 27, 2015

Rupee tumbles to 26-month low on US Fed rate hike fears

The rupee has depreciated by 5.5% so far this year.

Nov 27, 2015

UK house prices: Are Osbornes plans helping to turn around the situation for first time buyers?

The Help to Buy: ISA scheme will be introduced on 1 December 2015.

Nov 26, 2015

Assocham appeals to opposition parties to pass GST bill

Assocham urged the Congress party to "rise up to the national call" and help the passage of the bill.

Nov 26, 2015

Bain sells shares in Hero MotoCorp to raise $116 million

Bain launched the deal to sell 2.98 million Hero shares on 25 November.

Nov 26, 2015

US: Class action lawsuit accuses big banks of swapping interest rates

The lawsuit said every year the banks extracted billions of dollars in monopoly rents from the class members.

Nov 26, 2015

Pimco, other investors sue Citigroup over billions in mortgage debt losses

The bank had allegedly failed to properly monitor toxic securitiesresulting in $2.3 billion losses.

Nov 26, 2015

Construction equipment industry to grow to $5 billion by 2019-20

Recent progress in highway road building activity and coal mining auction augurs well for it.

Nov 26, 2015