Economy News

India's exports to fall 13% to $270 billion in FY2016

India's merchandise exports stood at $309.6 billion last financial year, down from $314.4 billion in 2013-14.

Jan 8, 2016

Quikr acquires CommonFloor to create strong online real-estate industry entity

The deal would mutually benefit both the companies although the two brands will operate independently.

Jan 8, 2016

S&P warns of more downgrades for country ratings in 2016

The rating agency has been maintaining a rating of 'BBB-' for India with a stable outlook for the past three years.

Jan 8, 2016

Global semiconductor revenues fall in 2015, Samsung bucks the trend: Gartner report

It had earlier forecast revenues to grow by 5.4% over 2014 to reach $358 billion in 2015.

Jan 7, 2016

INS Kadmatt marks another milestone in journey towards self-reliance and 'Make in India': RK Dhowan

INS Kadmatt is the second of the four P28 Anti-Submarine Warfare (ASW) Corvettes commissioned into the Indian Navy.

Jan 7, 2016

Yahoo to lay off about 10% of its workforce: Report

Starboard, which has a 0.75% stake in Yahoo, has been seeking changes in the company since 2014.

Jan 7, 2016

Govt agrees to Congress demands to pass GST Bill: Report

Union Parliamentary Minister Venkaiah Naidu on Thursday met Congress president Sonia Gandhi to discuss and seek support for the passage of key reforms.

Jan 7, 2016

Sajjan Jindal's JSW Group to invest Rs 10,000 cr in West Bengal

The cement project is expected to generate 250 permanent and 600 contract-based jobs.

Jan 7, 2016

India to leapfrog from BS-IV to BS-VI emission norms in 2020

The BS-V emission norms, proposed for 2020, will be skipped and BS-VI implemented that year.

Jan 7, 2016

India in a bright spot amid global economic slowdown: World Bank

Growth is projected to slow further in China, while Russia and Brazil are expected to remain in recession in 2016.

Jan 7, 2016

Box office collections to cross Rs 14,200 crore by next year: Assocham

Box office collections will contribute about 74% of the total revenues of Indian film industry by FY2017, says an Assocham-Deloitte report.

Jan 6, 2016

India keen to develop trade with neighbours: Sitharaman

"Tripura would become the gateway to northeast India and southeast Asian countries," she said.

Jan 6, 2016

Indian Overseas Bank mulls closure of regional offices

The bank's MD & CEO R. Koteeswaran was not available to comment on the matter.

Jan 6, 2016

Budget 2016: Eliminate all surcharges on taxes, says Assocham to Arun Jaitley in pre-budget talks

The meeting was part of a routine exercise.

Jan 6, 2016

Scheme to scrap old vehicles may get green light in budget

Approximately 5.92 crore vehicles older than 15 years need to be scrapped.

Jan 6, 2016