Economy News

'No Big Bang Investments' Witnessed in Modi's Government So Far: CII

CII President termed Modi's aim to raise India's rank to the 50th position in World Bank's ease of doing business index as "ambitious".

May 25, 2015

Why RBI Should Keep Repo Rate Unchanged at June Meeting

Lower food grain production, El Nino, and oil prices pose risks for inflation.

May 23, 2015

Higher Interest Rates Key to Success of Gold Monetization Scheme: Report

Currently, banks offer up to 1 percent on gold deposits.

May 23, 2015

Modi's First Year as PM: Tax Row With FIIs a Blunder

Kiran Mazumdar-Shaw said that the government did not deal with the issue "deftly".

May 21, 2015

Sections of India Inc 'Creating Economic Slowdown' to Strike Back at PM Modi: Report

Ironically, Modi is perceived by the Opposition and some analysts as "pro-corporate".

May 21, 2015

George Osborne warns that EU is ‘sleepwalking’ out of global economy

The European Union risks pricing itself out of the global economy by excessive regulation, Chancellor of the Exchequer, George Osborne said on Wednesday (20 May), making the case for reforms in the bloc ahead of a referendum on whether Britain remains a member.

May 21, 2015

El Nino May Halt RBI Rate Cuts After June, Says HSBC

HSBC expects inflation to go up in the second half of the year due to the El Nino effect.

May 20, 2015

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