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Economy News

Iran-India $2.5 billion steel deal totters as end of sanctions looms

Steel exports had been halted since Iran stopped making payments in September, a source said. Jan 16, 2016

RBI's Rajan likely to cut rates only once in 2016: Deutsche Bank

RBI's target to bring down the inflation rate to below 5% by early 2017 is likely to be an "uphill task", it said. Jan 15, 2016

FIPB approves Cadila Healthcare's Rs 5,000 crore FDI proposal

In all, the FIPB approved five proposals worth Rs 6,050 crore and deferred six. Jan 14, 2016

India and Japan working on deepening energy ties: Piyush Goyal

Goyal and Hayashi reaffirmed their desire to significantly increase the engagement between the two countries in various areas. Jan 14, 2016

India to register entire population using Aadhaar ID: World Bank

About 60% of the world's population remains excluded from the ever-expanding digital economy. Jan 14, 2016

Bihar levies luxury tax on samosa; will TN follow suit and impose tax on idli, dosa?

Imposing prohibition entails foregoing revenues, leaving hard choices for states to raise resources. Jan 14, 2016

Air signs: India sees more MNCs booking charter flights

India sees a surge in private charter plane booking by MNCs to ferry their foreign executives visiting the country. Jan 14, 2016

Asian shares skid as crude oil plumbs 12-year lows

MSCI's broadest index of Asia-Pacific shares outside Japan extended early losses and was down 1.7%. Jan 14, 2016

Indian domestic air traffic demand was highest globally in November: IATA

The country's 25% growth demand was far ahead of US at 9% and China at 8%. Jan 13, 2016

Arun Jaitley, Nirmala Sitharaman, Azim Premji part of Indian delegation to WEF Davos meet

The 100-member Indian delegation includes many famous businessmen. Jan 13, 2016

Modi government sets up panel to assess 7th Central Pay Commission proposals

The 7th Pay Commission proposals are expected to cost the Central government Rs 1 lakh crore in FY2017. Jan 13, 2016

Abraaj Group will acquire majority stake in CARE hospitals

Abraaj and CARE's management will focus on expanding CARE's healthcare delivery system in India. Jan 13, 2016

Rafale fighter jets deal may cost India Rs 60,000 crore

Although the final price will be announced only after the two governments sign the deal. Jan 13, 2016

Coal India plans biggest tech overhaul to check rampant theft

Coal India's productivity is estimated at just one-eighth of its technologically-advanced rivals in the US. Jan 13, 2016

Retail inflation rises for fifth straight month in December, IIP contracts in November

Retail inflation, or CPI, had hit a 14-month high of 5.4% in November last year. Jan 12, 2016
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