Economy News

RBI's defence of rupee drains $1.90 billion from India's forex kitty

The rupee was dented due to heavy outflows of foreign funds during the week ended 6 November.

Nov 14, 2015

India's largest trade fair kicks off; 7,000 firms from 28 countries participate

The two-week exposition concludes on 27 Nov, with the first five days reserved exclusively for business visitors.

Nov 14, 2015

Bengal looks to China for investment; signs bus factory deal

The Chinese, who are keen to invest in the east, will be visiting the Kolkata-Kunming forum.

Nov 14, 2015

PM Modi vows to provide electricity to 18,000 villages in 1,000 days

"As many as 18,000 villages need electricity. There are not even electricity poles," he said.

Nov 14, 2015

Coal India posts 16% rise in net profit for Q2

Coal production during the second quarter of the current fiscal was 108.20 million tonnes.

Nov 14, 2015

China's yuan moves closer to joining IMF currency basket

Joining the Special Drawing Rights basket could increase demand for the yuan among reserve managers.

Nov 14, 2015

Gold jewellery demand up 79% in Q2; soft prices may spike imports, widen CAD

The recently-launched gold monetisation scheme is not seen as making any substantial impact on unleashing hoarded gold.

Nov 13, 2015

Narendra Modi: 'India will no longer resort to retrospective taxation'

India has risen 16 places on the World Economic Forum's global competitive index.

Nov 13, 2015

Amazon to leverage India export delivery lessons to cut costs abroad

Britain could get a delivery service called Easy Ship, where orders are picked up by Amazon directly from sellers.

Nov 13, 2015

IMF calls Indian economy a bright spot; will benefit from policy reforms

After a modest and uneven expansion in 2015, the global economy is expected to grow next year at 3.6 percent.

Nov 13, 2015

SpiceJet reports modest net profit in Q2, on recovery path

SpiceJet has returned to profit this year by filling more seats on its planes after reducing capacity by 34%.

Nov 13, 2015

Asian shares fall, tracking commodity prices

The Shanghai Composite index slipped 1.3%, but was poised to end the week flat.

Nov 13, 2015

India, UK sign business deals worth $14 billion; big energy project for Tamil Nadu

Merlin Entertainment to open Madame Tussaud's wax museum in New Delhi by 2017.

Nov 13, 2015

British and Indian companies to sign collaborations worth 9 billion pounds

London wants to support Modi in his vision to transform India with improved infrastructure and education.

Nov 12, 2015

Inflation to remain well anchored in 2016 as well: Barclays

Falling crude oil prices likely to keep inflation low.

Nov 12, 2015