Economy News

Great Britain: All coal-fired power stations to shut down by 2025

Climate Change Secretary Amber Rudd said new gas-fired power stations will be a priority.

Nov 19, 2015

Central government approves Rs 3,231-cr housing project for urban poor

Under the components, Central assistance of Rs 1.50 lakh per house will be provided.

Nov 19, 2015

Toyota aims upmarket in India, where no-frills cars rule

Toyota sold 141,347 vehicles in the year to end-March - a fraction of the 1.2 million sold by Maruti.

Nov 19, 2015

Seventh Pay Commission to submit recommendations today: What to expect

The Commission is also expected to propose an increase in house rent allowance (HRA).

Nov 19, 2015

Govt clears FDI proposals worth Rs 1,810 cr, to revive road projects worth Rs 35,000 cr

The government also approved 3% interest subsidy for exports, which have declined for 11 months.

Nov 18, 2015

US puts companies selling unproven products like Jack3d in the dock

Six USPlabs executives and S.K. Laboratories, which manufactured the supplements, face criminal charges.

Nov 18, 2015

Delayed payments hit small, medium Indian manufacturers hard

They said clients often take 150 days to pay as against the standard 30 days' time.

Nov 18, 2015

Monsanto seeks to gobble up rival agrochemical companies

Monsanto is studying possibilities for consolidation in both the seed and agrochemical sectors.

Nov 18, 2015

RBI may cut key rate by 25 bps this fiscal despite spike in inflation: UBS

The central bank is likely to cut policy rate further by 50 bps in the next fiscal year, says Swiss brokerage.

Nov 18, 2015

7th Pay Commission may submit proposals on 19 Nov, recommend 15% hike: Report

However, the commission may not recommend any change to retirement age.

Nov 17, 2015

Exports declined 17.53% in October, shrinking trade deficit

The exporters have requested the government to rescue them from the dipping situation.

Nov 17, 2015

Western Coalfields to invest Rs. 6,280 crore across five years

Rs. 850 crore is being spent on land acquisition during the current fiscal year.

Nov 17, 2015

India to surpass US in Internet population by December

The country's Internet user base took over 10 years to rise from 10 million to 100 million.

Nov 17, 2015

Infosys shares fall 2% to a two-month low despite warning on weak margins

EBIT margins for Q3 will be weak due to lower revenue growth and higher investments.

Nov 17, 2015

Modi govt has required number of votes to pass GST bill: Arun Jaitley

"We have numbers on our side," Jaitley said.

Nov 17, 2015