Economy News

Oil Prices Drop as US Adds More Oil Rigs

US oil companies added more oil rigs this week despite the plunge in crude prices.

Aug 8, 2015

Time is Running Out for Further RBI Rate Cuts This Fiscal: BofA Merrill Lynch

The brokerage estimates the credit growth to have fallen to 10% from 21%.

Aug 7, 2015

How Pay Commissions Play a Key Role in Boosting India's Growth

Salary hike recommended by 6th Pay Commission had partly offset the impact of Lehman crisis of 2008 on India

Aug 5, 2015

RBI Keeps Repo Rate Unchanged; Analyst Says No Signal to End Loosening Cycle

A key concern for the RBI governor is impending interest rate hike by the US central bank in September.

Aug 4, 2015

Oil Prices Rise 5% Fall, But Outlook Weak

Although prices edged up in early trading on Tuesday, with Brent 37 cents higher at $49.89 a barrel, analysts said further price falls were expected.

Aug 4, 2015

RBI Governor Rajan May Cut Key Rate by 25bps at Tuesday's Meeting: Moody's

Markets are widely expecting the central bank to keep policy rates on hold at the meeting.

Aug 3, 2015

What Foreign Brokerages Expect from RBI Meeting on 4 August

The RBI had expressed concern over the rise in inflation last month.

Aug 1, 2015

Calais migrant crisis: The cost of Operation Stack to the UK economy

Local businesses suffer as M20 in Kent is closed due to chaos in Calais

Jul 31, 2015

Monsoon, Crude Oil, Global Cues Augur Well for RBI Rates Cut

In June, the RBI Governor had cautioned that the outcome of monsoon rainfall is the biggest risk ahead for the economy.

Jul 31, 2015

IFC Bill: Scrapping RBI's Independence Detrimental to India's Growth Prospects, Say Analysts

Moody's says IFC bill is unlikely to get Parliament's nod.

Jul 30, 2015

Modi Govt May Fail to Pass Key Reform Bills This Year or Even 2016: Moody's

Passing of the land acquisition bill is crucial for the economy, as it expected to boost the investment in the country.

Jul 30, 2015

7th pay panel may hike govt employees salaries, says analyst

The Pay Commission is scheduled to submit its recommendations in October.

Jul 29, 2015

China Can Become Key Cause for Next Global Recession: Morgan Stanley

The debt situation of local governments in China is also of huge concern to the country's economy.

Jul 29, 2015

61,000 High Net-Worth Indians Left Country in Past 14 Years; Security, Taxation Remain Top Reasons

China remained at first spot, with as many as 91,000 such individuals leaving the country to settle abroad.

Jul 28, 2015

Russian President Putin Cuts 110,000 Jobs to Save Economy

Putin himself had cut his salary by 10% in March.

Jul 25, 2015