Economy News

JPMorgan to pay $307 million penalty for failing to disclose conflict of interest to clients

Two JPMorgan Chase wealth management affiliates admit to wrongdoing, says US SEC statement.

Dec 19, 2015

Railways paid extra cost of Rs 1.07 lakh crore for delay in completion of projects

"There was lack of consistency in prioritisation of projects," the CAG said.

Dec 19, 2015

Domestic air traffic: Indigo, GoAir lose market share, Air India, SpiceJet gain

Indigo's market share declined from 36.8% in October to 35.5% in November 2015.

Dec 18, 2015

Micromax YU to lock horns with Paytm, FreeCharge; plans roll-out of Mobile Wallet

Micromax's YU Televentures Ltd will soon foray in to Mobile Wallet business, to compete with Paytm, FreeCharge in India.

Dec 18, 2015

World-class guided missile destroyer 052D joins Chinese fleet in South China Sea

Developed and independently built by China, the new warship is the third to be added to the fleet in South China Sea.

Dec 18, 2015

Lockheed to provide Indian Army with night vision sensor systems

India will be the 15th nation to acquire Lockheed's modernised target acquisition night vision sensor system.

Dec 18, 2015

Govt to come out with new defence procurement procedure: Manohar Parrikar

The procedure and manual will be finalised by June 2016.

Dec 18, 2015

Mid-year economic review: Govt lowers FY16 GDP growth projection to 7-7.5% from 8.5%; Senex, Nifty fall

The government said so in the mid-year economic review tabled in Parliament on Friday.

Dec 18, 2015

India ranks 97th on Forbes' Best Countries for Business list

India has been ranked three ranks below China.

Dec 18, 2015

China: Beijing issues second 'red alert' on choking smog

The smog will begin rolling in from Saturday evening and last until Tuesday.

Dec 18, 2015

RBI announces new base rate calculation method

The guidelines will be effective from 1 April, 2016.

Dec 17, 2015

China ranked first in the world for online retail trade

Internet has been the biggest boon to China, contributing 7% GDP to the country's economy.

Dec 17, 2015

What analysts say about future US Fed rate hike path

Shrugging off the possible negative impact, most of the global markets rallied after the US Fed rate hike.

Dec 17, 2015

Fed liftoff: Janet Yellen says not to ‘overblow’ recent rate hike

US Federal Reserve Chairman Janet Yellen cautioned Americans not to overblow the Federal Reserves move 16 December to raise US interest rates a quarter of a point, saying the hike reflects the Federal Reserves confidence in the US economy.

Dec 17, 2015

Make in India: Modi govt throws open defence labs, facilities to private sector

This is the boldest move by the NDA government to indigenise defence production.

Dec 17, 2015