Economy News

Make in India: Govt gives 61 companies licence to make defence items

At least 50 of these firms, covering 79 industrial licences, have already reported commencement of production.

Dec 8, 2015

India ready to impose more curbs on steel imports

In September, India imposed the 20% import tax on some steel products.

Dec 8, 2015

Karnataka to incubate 20,000 start-ups by 2020: CM Siddaramaiah

The effort is expected to create six lakh direct and 12 lakh indirect jobs.

Dec 8, 2015

Sebi to come out with crowd funding norms

Sebi is also working to enable MFs to sell their schemes on e-commerce platforms.

Dec 8, 2015

Indian Navy set to negotiate purchase of multi-role Sikorsky helicopters

Although the helicopters were selected in December 2014, there were some issues over cost escalations.

Dec 8, 2015

RBI governor Rajan hopeful of GST Bill passage; National Herald case could spoil the game

RBI governor Raghuram Rajan reportedly made the statement while talking to FIIs at an event organised by USBIC.

Dec 8, 2015

OPEC hands a multi-billion dollar bonanza to India

India's crude oil import bill, which was $112.74 billion in 2014-15, could see a drastic fall this year.

Dec 8, 2015

Digital commerce market in India to triple by 2017: Report

The market is expected to triple to a whopping $128 billion in 2017 from $42 billion.

Dec 7, 2015

Nitin Gadkari promotes use of bamboo, has big plans to tap its potential

The calorific value of bamboo stands at 4,000 which reflects a huge potential.

Dec 7, 2015

Fitch says 'stable' India to grow at 7.5% in FY16, 8% in FY17

The rating agency warned India's business environment would remain weak despite improvements.

Dec 7, 2015

CPI(M) general secretary accuses BJP govt of inflating growth rate using 'dubious data'

Sitaram argued that the government's 7.4% growth rate came down to 5.2% when re-calculated on the basis of old points.

Dec 7, 2015

Iran to award $3 bn Farzad gas contract to Indian firms: Report

The Farzad-B field discovered by ONGC Videsh Ltd is estimated to hold initial in-place gas reserves of 12.5 trillion cubic feet.

Dec 7, 2015

Nepal: Indian MNCs facing severe crisis due to blockade

Dabur Nepal is facing hardships due to unavailability of raw materials and high cost of shipping products.

Dec 7, 2015

Economic blockade by Madhesis: Will Modi government resolve stalemate?

The 114-day blockade has caused a lot of problems in Nepal and India.

Dec 7, 2015

China's low-cost carriers add more routes

China, the fastest growing major air travel market, has passenger volume of 392 million.

Dec 7, 2015