Economy News

Govt expects FDI to rise by 45% in 2016

A DIPP official told PTI that measures to improve business conditions would help attract more foreign capital.

Dec 29, 2015

Saudi Arabia deficit balloons to $98 billion, kingdom raises petrol prices by 50%

Saudi Arabia will also cut planned expenditure for 2016 by 14%.

Dec 29, 2015

E-commerce giant Snapdeal to spend on logistics, will speed up delivery

One of the biggest challenges faced by e-commerce industry is quick and efficient delivery systems.

Dec 29, 2015

Centre gives approval for four greenfield airports; three to come up in Andhra Pradesh

Each airport may take at least six years to get completed, according to officials.

Dec 29, 2015

No LPG subsidy for Indians earning more than Rs 10 lakh per annum

The decision will be effective from next month on a self-declaration basis while booking LPG cylinders.

Dec 29, 2015

Dilwale, Bajirao Mastani, Bajrangi Bhaijaan, Baahubali mint money at box office, India Inc downbeat

Many movies fared well at the box office, while BSE200 companies reported decline in sales in H1, FY2016.

Dec 28, 2015

Arun Jaitley on GST Bill: In touch with Congress, hope to pass it in next session of Parliament

The GST Bill is stuck in the Rajya Sabha, where the ruling NDA does not have a majority.

Dec 28, 2015

Singapore: Financial sector jobs face the heat

Global banks are resorting to job cuts and Singapore can't be immune to it.

Dec 28, 2015

Make in India Week to be held from 13 to 18 February in Mumbai

The event will feature sector-wise, state-wise pavilions, exhibitions of products and manufacturing processes.

Dec 28, 2015

More than 3 lakh bank employees to observe 1-day strike on 8 January called by AIBEA

They will be protesting against the violation of bilateral settlement between IBA and AIBEA for employees of the five associate banks of SBI.

Dec 28, 2015

December car sales: How many vehicles will Hyundai, Renault-Nissan, Ford, Honda, Maruti, Mahindra, Tata Motors sell?

Hyundai and Renault-Nissan are likely to take the maximum hit from Chennai floods.

Dec 28, 2015

Govt planning to roll out universal health insurance: Report

The aim is to bring all the cashless health schemes of the Centre and the states under one umbrella.

Dec 28, 2015

Narendra Modi ends year with talk of 'Start-up India' policy for youth

Modi said government will unveil action plan for 'Start-up India, Stand-up India' on 16 January, 2016.

Dec 27, 2015

Indian-origin Rambarran fired as T&T central bank's governor

There is uproar on both sides of the political and ethnic divide over the sacking of Jwala Rambarran

Dec 26, 2015

Expected foreign funds' inflows to strengthen rupee: Experts

Rupee value is expected to be stable around 65.80-66.30 to a US dollar in the coming week, say observers.

Dec 26, 2015