Economy News

Monsanto seeks to gobble up rival agrochemical companies

Monsanto is studying possibilities for consolidation in both the seed and agrochemical sectors.

Nov 18, 2015

RBI may cut key rate by 25 bps this fiscal despite spike in inflation: UBS

The central bank is likely to cut policy rate further by 50 bps in the next fiscal year, says Swiss brokerage.

Nov 18, 2015

7th Pay Commission may submit proposals on 19 Nov, recommend 15% hike: Report

However, the commission may not recommend any change to retirement age.

Nov 17, 2015

Exports declined 17.53% in October, shrinking trade deficit

The exporters have requested the government to rescue them from the dipping situation.

Nov 17, 2015

Western Coalfields to invest Rs. 6,280 crore across five years

Rs. 850 crore is being spent on land acquisition during the current fiscal year.

Nov 17, 2015

India to surpass US in Internet population by December

The country's Internet user base took over 10 years to rise from 10 million to 100 million.

Nov 17, 2015

Infosys shares fall 2% to a two-month low despite warning on weak margins

EBIT margins for Q3 will be weak due to lower revenue growth and higher investments.

Nov 17, 2015

Modi govt has required number of votes to pass GST bill: Arun Jaitley

"We have numbers on our side," Jaitley said.

Nov 17, 2015

Asian stocks rise as fallout from Paris attacks recedes

Expectations for a December rate hike by the US Federal Reserve keeps dollar bullish.

Nov 17, 2015

Greece signs deal with lenders for fresh bailout loans

The deal provided foreclosure protection for primary residences for about 60% of mortgages.

Nov 17, 2015

Pulse prices witness sharpest increase in decade: CRISIL

A spike in pulse prices led both the retail and wholesale inflation rates to move higher in October.

Nov 16, 2015

GDP will exceed 7.3 percent this fiscal year, says Jaitley in Dubai investors' forum

Economic growth, Jaitley said, will come despite weakness in rural demand.

Nov 16, 2015

Facing drugs shortage, Nepal mulls airlifting of medicines

Around 400 trucks laden with drugs were stranded at various points on the Nepal-India border.

Nov 16, 2015

OPEC basket price drops below $40 for the first time in 11 years

The last time the price of the OPEC basket fell to $39 was in 2004.

Nov 16, 2015

India's annual wholesale inflation inches up to (-) 3.81%

The index for the sub-category of food articles, though, was up 2.44%.

Nov 16, 2015