Economy News

Government grants approval for setting up 13 airports: Minister

The will come up in Goa, Maharashtra, Karnataka, Kerala, Gwalior, Sikkim, UP and Puducherry.

Dec 2, 2015

Chennai floods: Hyundai, Renault suspend operations; Assocham says financial loss may exceed Rs 15,000 crore

It has urged the Modi government to immediately announce a relief package for industry in Tamil Nadu.

Dec 2, 2015

India sees 13% increase in FDI in first half of this fiscal year

India saw highest FDI inflows of $6.69 billion from Singapore.

Dec 2, 2015

Gas worth Rs.11,000 cr migrated from ONGC to RIL fields: Report

The volume of gas belonging to ONGC which RIL has produced comes out to worth $1.7 billion.

Dec 2, 2015

Yahoo preparing to sell off its core Internet business: report

Future of the company and that of high-profile Chief Executive Marissa Mayer in doubt.

Dec 2, 2015

Edmund Shing on defence spending

Edmund Shing on defence spending

Dec 2, 2015

RBI governor Rajan expects banks to clean up bad loans by FY17

India's banks are struggling under $100 billion of stressed loans.

Dec 1, 2015

Emission woes: Volkswagen to recall 3,23,000 diesel cars in India: govt official

The vehicles to be recalled would include Audi and Skoda cars, the official said.

Dec 1, 2015

India: Manufacturing expansion at 25-month low, reveals PMI

The rise in the index of more than 50 indicates economic expansion.

Dec 1, 2015

Yes Bank signs $265 mn loan agreements with OPIC, Wells Fargo to help MSMEs

The loans will help increase lending to micro, small and medium enterprises (MSMEs) in India.

Dec 1, 2015

First passenger plane to land in Kannur international airport on 15 January

The original schedule was that the first flight would touch down on December 31.

Dec 1, 2015

Six big global lenders give $100 bn for sustaining climate funding

The contributions may ensure that global development is sustainable and green.

Dec 1, 2015

Grace Hopper Celebration of Women in Computing India starts from 2 December

Anita Borg Institute India, a not-for-profit institute, organises the event every year.

Dec 1, 2015

Morgan Stanley to cut up to 25% of its fixed-income jobs

Workforce reduction to be across all regions, set to take place in next two weeks.

Dec 1, 2015

Japan's whaling fleet sets sail for the Antarctic despite opposition

Japan aims to take more than 300 whales before the hunt ends next year.

Dec 1, 2015