Economy News

Timely tariff hikes key to keep discoms sustainable : Fitch

India's power generators continue to face low and declining capacity utilisation,

Nov 25, 2015

India may save Rs 2 lakh crore on oil imports this fiscal

However, consumers did not get the full benefit from a slump in global crude oil prices.

Nov 25, 2015

US economy grows 2.1% in Q3; Goldman Sachs calls it 'tortoise recovery'

The second estimate of 2.1% is higher than the first estimate of 1.5% reported in October.

Nov 25, 2015

Railways to create Rs 1.1 lakh crore fund to upgrade safety systems

A six-member committee has been formed to work out a blueprint for the programme.

Nov 25, 2015

Sales of Apple products in India lagging behind the West: Report

Indian Prime Minister met Tim Cook recently and suggested they build a manufacturing unit in India.

Nov 25, 2015

Bidding for 4 ultra mega power plants to begin soon: Piyush Goyal

The UDAY scheme would result in saving of Rs.180,000 crore and 24X7 power supply, Piyush Goyal said.

Nov 25, 2015

Govt prepared to discuss changes in GST bill with Congress: Arun Jaitley

"Extremely unfair if we try to impose a GST with a defective structure, in name of political compromise," Jaitley said.

Nov 25, 2015

India may miss exports target of $325 billion this fiscal

It is will end "less than $300 billion," says a Modi government official.

Nov 24, 2015

52% Britons want the UK to exit the European Union: Survey

Opinion changed from surveys earlier this year after the Paris terror attacks.

Nov 24, 2015

SunEdison plans to sell 400 MW of solar power capacity in India

The U.S.-based solar company is looking to shed assets to boost balance sheet.

Nov 24, 2015

Iran to boost gas export capacity, seeks international partnerships

Rouhani said Iran had been working for 2 years to increase its gas production capacity via pipelines to neighbour countries.

Nov 24, 2015

Paris attacks: How hotels, restaurants and travel in France have been affected

Edmund Shing explains the economic impact of the Paris attacks.

Nov 24, 2015

China cuts wholesale gas prices, seeks to boost demand for cleaner fuel

The impact could be mixed for players in the market.

Nov 24, 2015

UK adding 9 P-8 Poseidons, 24 F-35 stealth fighters to its warplane repository

Cameron has committed 2 % of the GDP for defence spending to fulfil a NATO target.

Nov 24, 2015

Foreign banks grab 90% of Indian state government bonds

The move raises the prospect of more volatility in one of Asia's best performing debt markets.

Nov 24, 2015