Economy News

India, Israel to explore joint defence equipment manufacturing, R&D

India will send a business delegation to Tel Aviv for a defence seminar to be held from Feb. 21 to 25.

Feb 13, 2016

Palestine Investment Fund chairman likely to visit India shortly: Report

The PIF is a private equity and venture capital firm, according to Bloomberg.

Feb 13, 2016

Abu Dhabi crown prince Sheikh Mohammed bin Zayed al-Nahyan's India visit overshadowed by market mayhem

A slew of bilateral agreements were signed, but details were not available except for tweets by the External Affairs Ministry spokesperson.

Feb 13, 2016

Oil rockets from 12-year low on renewed talk of OPEC cut

Despite the strong daily gain, oil prices were poised to end the week down as much as 5 percent.

Feb 13, 2016

IIP contracts for second straight month in December

While electrical machinery and apparatus shrank by 44.9 percent, mining and electricity bucked the trend, growing at around 3 percent each.

Feb 12, 2016

January retail inflation hits 17-month high at 5.69%, below RBI's target of 6%

India's central bank had targeted 6 percent retail inflation by January 2016 and had tweaked its key policy rate accordingly.

Feb 12, 2016

Residential property launches fell 20% in 2015, says Colliers International

Delays in clearances, combined with other factors, caused the decline, says the report.

Feb 12, 2016

India's fuel demand up 12.7% in Jan, rises at fastest pace in 3 months

Fuel consumption in India surged 12.7 percent to 15.71 million tonnes.

Feb 12, 2016

Rupee closes at 68.30, near all-time low of 68.85 to the US dollar

On Aug.28, 2013, the rupee fell to a new depth and recorded its biggest single-day fall since October 1995.

Feb 11, 2016

Govt may hike service tax to 16% in this budget: Report

The existing service tax rate is 14 percent, excluding 0.5 percent levied under Swachh Bharat cess.

Feb 11, 2016

Insurance, pension benefits for workers in unorganised sector likely soon

The smart card will provide pension and insurance benefits to about 40 crore people employed in unorganised sectors.

Feb 11, 2016

UAE's Adnoc to store crude oil in India's strategic facility: Report

Adnoc will stock 0.75 million tonnes of crude oil in the Mangalore facility, of which 0.5 million tonnes will be for India.

Feb 11, 2016

Abu Dhabi keen to invest Rs 35,000 crore in Indian highways

India will award 104 highways through the toll-operate-transfer model, and Abu Dhabi may take up 50 of them.

Feb 11, 2016

RBI may cut repo rate by 25 bps in April: Nomura

Nomura said it would be important to watch what measures the government takes for fiscal consolidation in the budget.

Feb 10, 2016

E-commerce market in India may reach Rs 3.4 lakh crore by 2020

Around 60 percent of e-commerce sales would come from the travel segment, while electronics may contribute to about 30 percent of the sales.

Feb 10, 2016