Economy News

India risks losing credibility if PM Modi fails to keep BJP members in check: Moody's

Key reforms bills have stalled in Rajya Sabha due to "obstructionist opposition", the firm said.

Oct 30, 2015

LinkedIn profit surpasses estimates; hiring service, ads revenue surges

The company's full-year profit and revenue forecasts jumped 12%.

Oct 30, 2015

Euro-VI emission compliant fuel to be introduced by 2020: Oil Minister Pradhan

The government is planning to switch over directly from BS-IV to BS-VI auto fuels by 1 April, 2020.

Oct 30, 2015

World Bank keeps India's GDP forecast unchanged at 7.5% for FY16

However, IMF cut its forecast for India's growth to 7.3%.

Oct 30, 2015

Narendra Modi holds monthly meetings to revive stalled projects

Prime Minister Narendra Modi has set an ambitious goal of making India one of the 50 most business-friendly destinations in the world by 2017.

Oct 30, 2015

Saudi Arabia: Energy subsidy cut to test the country's pain threshold

The International Monetary Fund forecast that the Saudi budget could blow out to 20% GDP this year.

Oct 30, 2015

North Korea: Underground market generating wealth for citizens

When tanks rolled down Kim Il Sung Square in Pyongyang, the capital of North Korea on 10 October, the image given to the rest of the world was one of business as usual in the isolated country. However, away from the bombast and sabre rattling, a change is underway at the very heart of the North Korean state, once driven by a tightly controlled communist command economy, largely synonymous with rationing and material deprivation.

Oct 29, 2015

7th Pay Commission recommendations likely to boost domestic auto sales

Employees saw an average increase of 35% in salaries after implementation of the Sixth Pay Commission's recommendations.

Oct 29, 2015

European parliament votes in new procedure to approve 'novel foods'

It relates to a whole new series of food products, including insects, fungi, and algae.

Oct 29, 2015

GoAir considering IPO worth $150 million

It was early to say whether the company would sell new shares or existing shareholders, bankers said.

Oct 29, 2015

Pennsylvania: Runaway U.S. Military blimp causes havoc [VIDEO]

The tether attached to the aircraft caused widespread power outages across Pennsylvania.

Oct 29, 2015

Iraq pips Saudi Arabia to emerge as top crude oil supplier to India

Iraq has pushed back Saudi Arabia as the top crude exporter to India for the third time this year.

Oct 28, 2015

Meghalaya CM lobbying in Delhi to reopen 'rathole' coal mining operations

He has not disclosed that his wife owns several mines, say Reuters.

Oct 28, 2015

Nepal in deal with Petro China; ends Indian monopoly on fuel imports

This an unofficial trade and fuel embargo from India against Nepal.

Oct 28, 2015

Google search engine reveals 'top searches' by international students

Universities are trying even harder to lure prospective students, especially the overseas ones.

Oct 28, 2015