Economy News

CII hails FDI relaxation in 15 sectors as Jaitley's Diwali gift

CII is expecting more such moves in the "times to come".

Nov 11, 2015

Singles' Day: Alibaba sales may surpass last year's $9.3 billion by 50 %

Alibaba believes it might have made sales totaling $13.8 billion this year.

Nov 11, 2015

Foreign exhange earnings from tourism drop in spite of increased arrivals

The Indian government earned Rs.9,611 crore as Foreign Exchange Earning in October 2015.

Nov 11, 2015

BRIC funds find it hard to attract investors on poor returns, weak economic growth

Investors pull out due to underperformance by the bourses of Brazil, Russia, India and China.

Nov 11, 2015

Car safety gear: Autoliv gains in Japan after Takata's damaged airbags fiasco

Autoliv is the world's top maker of equipment such as air bags and seat belts.

Nov 11, 2015

Japan's first commercial jet in 50 years makes successful maiden flight

The Mitsubishi Regional Jet (MRJ) took off on a one-hour return flight from Nagoya Airport.

Nov 11, 2015

VW hopes to fix cars first before finding out who was behind emissions scam

VW's internal investigation is focusing on as many as 40 employees.

Nov 11, 2015

India says foreign investment norms will become more open; 15 sectors listed

The exercise will facilitate further opening up of the economy.

Nov 10, 2015

Festive season welcomes 13.91% increase in sales of automobiles

SIAM report shows increase in sales of automobiles in October 2015.

Nov 10, 2015

Chinese yuan to become international currency by 2020: Central Bank Governor

Reforms will include improving central bank communications and guiding market expectations to improve monetary policy.

Nov 10, 2015

Inflation climbs up in October, factory output slowed in September

Consumer prices are expected to have risen 4.82 percent in October from a year earlier.

Nov 10, 2015

Nepal runs out of fuel stocks; crisis deepens as border blockade continues

Imports from India have come to a halt for the past five days.

Nov 10, 2015

Drought, spike in food prices to hurt India's rural population next year

Poor transport infrastructure stops falling global prices from reaching rural areas.

Nov 10, 2015

GE, Alstom win $5.6 billion contract to supply locos to Indian Railways

It is one of the largest awarded contracts to foreign firms since India allowed 100% FDI last year.

Nov 10, 2015

Oil prices unlikely to return to $80 by 2020: International Energy Agency

The IEA estimates investment has already fallen by 20% this year.

Nov 10, 2015