Economy News

China: Sinopec Corp offers refineries big incentives to export surplus diesel

About a half-dozen of Sinopec's refineries are being offered around $37.60 for each tonne of diesel exported.

Nov 29, 2015

Karnataka to clear projects instead of just inking pacts: Deshpande

Karnataka has a poor record of agreements not being implemented years after they were inked.

Nov 29, 2015

NDA's Bihar debacle has not affected reforms agenda, especially in realty

Reforms that stand out include the move for a pan-India goods and services tax regime.

Nov 29, 2015

Defiant Japan to resume whaling in Antarctic Ocean by March 2016

Japan notified the ICW that Japan will resume whaling from 2015-16 under a revised plan.

Nov 29, 2015

Brazil govt to sue Samarco for $5.24 billion in damages for dam burst

Samarco is a joint venture between the world's largest mining company, BHP Billiton Ltd, and Vale SA.

Nov 29, 2015

Rationalisation of tax exemptions, rebates to reduce litigation, says Jaitley deputy

Minister of State for Finance Jayant Sinha also said the government would soon launch a Start Up India programme

Nov 28, 2015

Strengthening dollar dents India's forex kitty by $149.7 million

The foreign exchange reserves stood at $352.36 billion for the week ended 20 November.

Nov 28, 2015

OPEC officials question upbeat forecast ahead of oil ministers' gathering

A year ago, OPEC made its historic decision to refuse to prop up prices by cutting supply

Nov 28, 2015

Gates to launch multi-billion dollar Clean Tech Initiative with heads of state

Gates and a group of developing and developed countries will launch the Clean Tech Initiative in Paris on Monday.

Nov 28, 2015

Govt planning $1 billion private equity fund for renewable energy sector: Piyush Goyal

The New and Renewable Energy Ministry is trying to get $2 billion from the World Bank and Asian Development Bank.

Nov 28, 2015

Meghalaya: Once successful, strawberry crops now failing due to climate change

The state is the third largest producer of strawberries in India.

Nov 28, 2015

Saudi Arabia: Bad PR effort fuels riyal devaluation rumours

Bankers said that capital city Riyadh has the available tools to protect the country as low oil prices push the current account.

Nov 27, 2015

High-level panel soon to tackle banks' bad loans, says official

NPAs is a matter of concern and the government is vigilant in this regard, he added.

Nov 27, 2015

WTO talks deadlocked as ministers prepare to meet in December

The ministers are scheduled to meet in Nairobi on 15 December and disagree on a worldwide package of trade reforms.

Nov 27, 2015

India to have more than 500 million mobile subscribers by 2015 end: Report

Another 250 million subscribers would be added by 2020.

Nov 27, 2015