Economy News

Low prices put Toshiba in a tough spot over $7 billion US gas commitment

A plunge in Asian gas prices means an expected U.S. export bonanza has fizzled out.

Nov 8, 2015

Sun Pharma's profit drops 30% over compliance costs, lower sales

It reported a July-September net profit of Rs 1,107 crore, down from Rs 1,572 crore a year earlier

Nov 8, 2015

States agree to cut electricity distribution losses to 15 percent

All existing street lights and bulbs will be replaced with LEDs by 2019.

Nov 8, 2015

Swachh Bharat cess to make food, travel, phone bills costlier from 15 November

The Modi government is expected to generate nearly Rs 400 crore from the cess.

Nov 7, 2015

US President Obama rejects Keystone oil pipeline; Greens celebrate victory

"The pipeline would not make a meaningful long-term contribution to our economy," Obama said.

Nov 7, 2015

12 Pacific Rim countries sign pact to end currency manipulation

The pact would eliminate tariffs and integrate regulations throughout the Pacific Rim.

Nov 6, 2015

Oil prices rise as strong dollar, oversupply weigh fuel markets

Analysts say that the oversupply would pressurize oil markets.

Nov 6, 2015

Government joins monetary framework with RBI to curb inflation: PM

"Reforming to transform is a marathon not a sprint," emphasised PM Modi

Nov 6, 2015

India's distressed power sector relying on 'Uday' for new dawn

The outstanding debt of the distribution companies is Rs 3.8 lakh crore.

Nov 6, 2015

Gold schemes present wider choice for consumers: WGC

"We believe that the Indian Gold Coin will guarantee purity...," said WGC Managing Director Somasundaram PR.

Nov 6, 2015

China slowdown forcing MNCs to think of turning away

Companies find that double-digit growth of the first decade is now elusive.

Nov 6, 2015

Details of controversial Trans-Pacific Partnership trade pact released

Pact aims at freeing up commerce in 40 percent of the world's economy.

Nov 5, 2015

America offers 'help' to PM Modi to tackle 'bureaucratic' hurdles

"We stand ready to help India address its internal challenges," said Arun M Kumar, US Assistant Secretary of Commerce for Global Markets.

Nov 5, 2015

Modi launches three gold-related schemes

The World Gold Council says an estimated 23,000 tonnes of gold is lying idle with households and institutions in India.

Nov 5, 2015

Brazil: Petrobras' worst strike reduces oil output, deepens crisis

It's like the unions are saying, 'Hey, Petrobras is in intensive care. Let's pull the plug, a Brazil energy research company said.

Nov 5, 2015