Economy News

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

Six South Korean cosmetic firms make their debut in India via Rajshree Empires

They've signed a deal with the Indian firm Rajshree Empires Private Limited.

Nov 9, 2015

Jet Airways confirms largest-ever order for 75 Boeing 737 aircraft; delivery in 2018

Jet Airways will start taking delivery of the aircraft starting in 2018.

Nov 9, 2015

Tata Steel seeks price cuts from suppliers

Tata has cut thousands of job in Europe ever since it bought Anglo-Dutch producer Corus in 2007.

Nov 9, 2015

Essar Steel resorts to advisers to cut debt, sell stakes

India imposed a 20% import tax on some steel products to mitigate the damage to domestic companies.

Nov 8, 2015

Bihar poll results a big setback for Modi govt's GST agenda

The central government has set the target for its implementation from April next year.

Nov 8, 2015

Increase in Fed rate 'makes sense', says U.S. central banker

The Fed has kept interest rates near zero for almost seven years.

Nov 8, 2015

Low prices put Toshiba in a tough spot over $7 billion US gas commitment

A plunge in Asian gas prices means an expected U.S. export bonanza has fizzled out.

Nov 8, 2015

Sun Pharma's profit drops 30% over compliance costs, lower sales

It reported a July-September net profit of Rs 1,107 crore, down from Rs 1,572 crore a year earlier

Nov 8, 2015

States agree to cut electricity distribution losses to 15 percent

All existing street lights and bulbs will be replaced with LEDs by 2019.

Nov 8, 2015

Swachh Bharat cess to make food, travel, phone bills costlier from 15 November

The Modi government is expected to generate nearly Rs 400 crore from the cess.

Nov 7, 2015

US President Obama rejects Keystone oil pipeline; Greens celebrate victory

"The pipeline would not make a meaningful long-term contribution to our economy," Obama said.

Nov 7, 2015

12 Pacific Rim countries sign pact to end currency manipulation

The pact would eliminate tariffs and integrate regulations throughout the Pacific Rim.

Nov 6, 2015

Oil prices rise as strong dollar, oversupply weigh fuel markets

Analysts say that the oversupply would pressurize oil markets.

Nov 6, 2015

Government joins monetary framework with RBI to curb inflation: PM

"Reforming to transform is a marathon not a sprint," emphasised PM Modi

Nov 6, 2015