Economy News

Kingfisher Airlines: Vijay Mallya declared a wilful defaulter by SBI

Mallya can still challenge the label in the apex court through review petitions, according to banking experts.

Nov 22, 2015

Derivatives expiry and reforms set to drive markets in coming week

Government has shown willingness to amend draft GST Bill to form consensus ahead of Winter session.

Nov 22, 2015

Japan to reform yen loans to to help Asian nations build infrastructure

Japan, along with the Asian Development Bank, will provide $110 billion over the next five years.

Nov 22, 2015

Good response to Aadhaar-based small units' registration scheme

53,243 enterprises have taken it up so far across the country.

Nov 22, 2015

Monetary policy risks becoming futile in low-growth world, says ECB's Coeure

He calls for academics and policy-makers to address issues at the root of a global economic malaise.

Nov 22, 2015

India's growth rate seen to surpass China's despite sync in business models

Domestic demand, saving and investment rates helped India's growth to remain steady.

Nov 22, 2015

China to give $14.5 million for MH370 search operations

The search has involved more than two dozen countries contributing planes, ships, submarines and satellites.

Nov 22, 2015

India's foreign exchange kitty buoys to $352 billion

The reserves had dwindled by $1.90 billion to $351.73 billion for the week ended 6 November.

Nov 21, 2015

India looks to double coal output by 2020

For some this is the sound of progress. The coal mining industry is booming in India where a new mine is opened every month. In their push to compete on the global stage, Asian countries like India are increasingly looking to coal to power their economies and feed their growing energy demands. Officials in Indias coal ministry said despite a push for renewable energy sources, coal will continue to win out.

Nov 21, 2015

Foreign investors meet Rahul Gandhi to know GOP's stand on reforms

The meeting was aimed at getting a 'first-hand view' of the Congress party's stand, according to one of the investors.

Nov 21, 2015

Asean-Business and Investment Summit: Come, invest in India's growth, says Modi

He outlined a host of steps that have been taken to make his country an investment friendly destination,

Nov 21, 2015

Saudi Arabia will face crisis in 3-5 years if oil prices stay low: Investors

Investors predicted a broadly stronger dollar in 2016.

Nov 21, 2015

Indian economy performing well on all fronts, says PM Modi

Modi said that FDI flows have gone up across many key sectors.

Nov 21, 2015

ECB to act quickly to stop inflation from falling in Euro Zone

Mario Draghi highlighted changes to the ECB's asset purchase program and deposit rate as tools to stop inflation from falling further.

Nov 21, 2015

ECB willing to act fast on rates and raise inflation as quickly as possible

The European Central Bank is ready to act quickly to boost anaemic inflation in the euro zone, its president Mario Draghi said on Friday (20 November), highlighting changes to its asset purchase programme and deposit rate as possible tools. Draghis comments offered the strongest hint yet that the ECB will unveil fresh stimulus measures at its 3 December meeting to stop inflation from falling further below its target of just under 2 percent.

Nov 20, 2015