Economy News

India will be world's fastest growing economy over next decade: Harvard

The Chinese economy, the world's second-largest, is projected to see continued slowdown.

Dec 22, 2015

Govt may trim excise exemption list to 90 items in Budget 2016

The move to reduce the list may fetch tax revenue of Rs 50,000-60,000 crore to the government.

Dec 22, 2015

China set to buy more assets abroad in 2016 after fuelling Asia's $1 trillion deal value in 2015

Asia-Pacific M&A totalled $1.2 trillion so far this year, up 46% from last year.

Dec 22, 2015

Medium term prospects of NBFCs are not uniform: Gandhi

The micro finance institution segment would shrink as big 10 would become small finance banks.

Dec 21, 2015

Highlights of the proposed Insolvency and Bankruptcy Code

Here are the highlights of the bankruptcy code presented in Parliament on Monday.

Dec 21, 2015

Bengal tea garden workers in crisis; reel from starvation, water scarcity

Deaths in the region's tea gardens have made headlines this year.

Dec 21, 2015

Nepal turns away from India; looks to China for trade, transit, fuel

Nepal's Deputy Prime Minister Kamal Thapa will travel to China on Wednesday to seek help.

Dec 21, 2015

Iran looks to Indian refiners to bolster oil sales in market awash with crude

Tehran's return to the market will deepen a global supply glut.

Dec 21, 2015

Modi govt may raise service tax to 16% in Budget 2016: Report

In the next Union Budget, the service tax may be raised by two percentage points to 16%.

Dec 21, 2015

Make in India: India Expo to be held in Islamabad for first time

The earlier exhibitions were held in Lahore.

Dec 20, 2015

GST benefits will be brought another way to industry: Goyal

The government will "find another way" to bring benefits of the law to industry, he said.

Dec 20, 2015

Listed firms spent Rs.6,400 crore in 2014-15 on CSR: CII

Over 90 percent of 1,181 companies in a survey complied with the CSR norms.

Dec 20, 2015

Toshiba to announce net loss for fiscal year 2015-16

Official announcement of the company's losses, amid worst crisis to hit the company, may come as early as Monday.

Dec 20, 2015

Banks to consider soft loan for housing, vehicles, crop damage, says Jaitley after meeting Jayalalithaa

Arun Jaitley visited flood-battered Chennai to offer financial aid for the flood-affected victims.

Dec 20, 2015

Securities fraud charges baseless, says Martin Shkreli, vilified for for hiking AIDS drug price

Federal prosecutors have alleged that Shkreli was running a Ponzi-like scheme at his former hedge fund.

Dec 20, 2015