Economy News

North Korea: Underground market generating wealth for citizens

When tanks rolled down Kim Il Sung Square in Pyongyang, the capital of North Korea on 10 October, the image given to the rest of the world was one of business as usual in the isolated country. However, away from the bombast and sabre rattling, a change is underway at the very heart of the North Korean state, once driven by a tightly controlled communist command economy, largely synonymous with rationing and material deprivation.

Oct 29, 2015

7th Pay Commission recommendations likely to boost domestic auto sales

Employees saw an average increase of 35% in salaries after implementation of the Sixth Pay Commission's recommendations.

Oct 29, 2015

European parliament votes in new procedure to approve 'novel foods'

It relates to a whole new series of food products, including insects, fungi, and algae.

Oct 29, 2015

GoAir considering IPO worth $150 million

It was early to say whether the company would sell new shares or existing shareholders, bankers said.

Oct 29, 2015

Pennsylvania: Runaway U.S. Military blimp causes havoc [VIDEO]

The tether attached to the aircraft caused widespread power outages across Pennsylvania.

Oct 29, 2015

Iraq pips Saudi Arabia to emerge as top crude oil supplier to India

Iraq has pushed back Saudi Arabia as the top crude exporter to India for the third time this year.

Oct 28, 2015

Meghalaya CM lobbying in Delhi to reopen 'rathole' coal mining operations

He has not disclosed that his wife owns several mines, say Reuters.

Oct 28, 2015

Nepal in deal with Petro China; ends Indian monopoly on fuel imports

This an unofficial trade and fuel embargo from India against Nepal.

Oct 28, 2015

Google search engine reveals 'top searches' by international students

Universities are trying even harder to lure prospective students, especially the overseas ones.

Oct 28, 2015

India's goes up 12 notches in World Bank's 'ease of doing business' rankings

While China is ranked at the 84th spot, Pakistan stood at 138th position.

Oct 28, 2015

Honda CEO sees uncertain outlook despite good showing in China

The CEO expects the sales growth to slow down, since there is uncertainty in the outlook of China.

Oct 28, 2015

India Africa Forum Summit 2015: Business expo showcases Indian interests in Africa

It was organised jointly by Assocham, CII, Ficci and the PHDCCI.

Oct 27, 2015

Govt to achieve 3.9% fiscal deficit target, says Jaitley

Jaitley ruled out any possibility to slash expenditure either of state governments or that of various central ministries.

Oct 27, 2015

Attacks on India's beef industry hit buffalo meat industry and trade

India is the world's biggest buffalo meat exporter; April-September shipments fell 13.2 percent.

Oct 27, 2015

Indo-Africa Summit: India catching up with Chinese economy

India's headline economic growth has overtaken China's.

Oct 27, 2015