Economy News

Japan economy up 2.4 percent in first quarter of 2015

Japan said on Wednesday (20 May) the countrys economy expanded at its fastest pace in a year in January-March but growth was inflated by inventory as business investment failed to gather momentum, keeping alive expectations for more monetary stimulus later this year.

May 20, 2015

Edmund Shing: HSBC and Co-op Bank do battle as sub-1% mortgage wars break out

HSBC is offering first sub-1% mortgage with an initial rate of 0.99% on its two-year discount special mortgage.

May 19, 2015

Modi Govt Plans to Spend ₹70,000 crore on Internet Connectivity in Rural India

Doubling of outlay will result in establishing a broadband network that brings internet access to 250,000 village clusters.

May 19, 2015

Samsung and Xiaomi Lead India's 4G Smartphone Market, Lenovo A6000 Becomes Most Sold Device: CMR Report

Apple came down to the 3rd position while other smartphone makers like Huawei, ZTE and BlackBerry made a debut in the segment

May 19, 2015

US Investors See No Real Change on Ground in Modi's First Year as PM

Rate cuts by RBI will have more impact on growth than 'big ticket reforms', says BofA-ML.

May 19, 2015

Power Minister Piyush Goyal Confident of Meeting Poll Promise of 24x7 Supply

He claimed that India's energy deficit is at historic low.

May 18, 2015

Modi Government Performs Well in First Year despite Slow Pace of Reforms

India made major improvement in its economic fundamentals after NDA came to power.

May 16, 2015

Modi's China Visit to See Signing of Business Deals Worth $10 Billion

Modi will be meeting CEOs of leading Chinese business houses in Shanghai on Saturday.

May 15, 2015

Modi Govt's Inability to Pass Key Bills to Hinder Growth in Medium Term: Analyst

Markets are already feeling the heat of slow pace of reforms.

May 15, 2015

India Inc Bets on Easing Inflation Rates, Slowing IIP For RBI Rate Cut in June

Domestic companies are demanding a rate cut in the wake of slowing investment growth

May 15, 2015

Low Inflation, Reforms To Boost India's Growth to 8.1% in 2015, Says UN Report

The estimate is more optimistic than those given by the World Bank and the IMF.

May 15, 2015

India's Wholesale Price Inflation Slips Further to -2.65%

According to government data, inflation fell on the back of a major decline in prices of fuels and minerals.

May 14, 2015

Easing Inflation, Slowdown in IIP Offer RBI Room for Rate Cuts

A decline in industrial activity and easing of retail inflation provide RBI more scope for key policy rates cut in its meeting on 2 June.

May 13, 2015

Edmund Shing: Goodbye mansion tax, hello post-election property bonanza

A property bonanza looms now that a Labour mansion tax is no longer on the cards.

May 12, 2015

India to Grow by 7.5% in FY16, to Outperform Other G20 Nations: Moody's

The rating agency said India remains at advantage from shrinking external imbalances.

May 12, 2015