Economy News

India may see normal monsoon this year

The El Nino phenomenon is projected to "turn neutral" during the monsoon season this year, a scientist told the Economic Times.

Feb 24, 2016

ONGC $500 million San Cristobal investment deal imminent: PDVSA

The deal is expected to ensure state-owned ONGC gradually receives around $530 million of unpaid dividends.

Feb 24, 2016

Rail Budget 2016: Will Suresh Prabhu announce listing of railway PSUs?

There are six unlisted companies managed by Indian Railways, most of them profit-making.

Feb 23, 2016

Rail stocks plummet ahead of Railway Budget

The losses ranged from 2 percent to almost 8 percent Tuesday on the BSE.

Feb 23, 2016

Govt may okay Mazagon Docks' Rs 2,300 crore contract to build naval survey vessel

The Defence Acquisition Committee will also discuss the procurement of new carbines for the Indian Army.

Feb 23, 2016

Rail Budget 2016: Wagon, coach makers to benefit from Rs 1.25 lakh crore outlay

The railways had announced a Rs 8.56 lakh crore capex in last year's budget to be spent over five years till FY2019.

Feb 23, 2016

NTPC shares fall after government announces 5% stake sale

The Narendra Modi government plans to raise about Rs 5,000 crore from this sale, based on the floor price of Rs 122 per share.

Feb 23, 2016

Rupee closes at new 30-month low to 68.61, nears all-time low of 68.85

Renewed selling of Indian equities by foreign investors and a rise in demand for the dollar pulled the currency down.

Feb 22, 2016

Prostitution in the garb of spa business is an aberration, says CEO of salon and spa chain YLG

The salon and spa business is about Rs 21,000 crore in India and growing at about 20 percent annually, says YLG CEO Rahul Bhalchandra.

Feb 22, 2016

Jat Stir: Railways to refund full amount for cancelled trains

Accounts of passengers, who had booked their tickets online, will automatically be credited.

Feb 22, 2016

Falling stock markets tend to hit SIP inflows, says Edelweiss AMC CEO

Monthly SIP inflows hover around Rs 2,500 crore, Vikas Sachdeva told International Business Times India.

Feb 22, 2016

India's $16 billion wage bonanza may force Jaitley to cut capex

The spending pressure on Finance Minister Arun Jaitley threatens to worsen imbalances in India's $2 trillion economy.

Feb 22, 2016

India set to seal major power deal in Bangladesh, beating China

After years of negotiations, India's BHEL will sign a contract to build a 1,320 MW thermal power station in Bangladesh.

Feb 22, 2016

Budget 2016: Price Stabilisation Fund may increase by 80% to Rs 900 crore

The PSF is used to protect consumers from price rise and for welfare activities

Feb 21, 2016

PIB approves India Post's Rs 800 crore payments bank proposal

The postal department is currently in the process of selecting a consultant for setting up the payments bank.

Feb 21, 2016