Economy News

EU Referendum: Five ways your life will change if Britain leaves the EU

Here are the five most likely changes for Brits if a Brexit takes place.

Jun 19, 2015

Reforms to Boost India's Growth to Over 7.5%: Finance Minister Arun Jaitley

A key legislation is the Goods and Services Tax Bill.

Jun 19, 2015

Economic Reforms Likely to Push India's Growth above 7% Range: Arun Jaitley

The government forecasts growth of 8.1-8.5% while the central bank has a 7.6% GDP growth target.

Jun 19, 2015

US Federal Reserve Interest Rate Off the Table for Now, Sensex Up

However, the bank signalled that a rate hike would happen this year.

Jun 18, 2015

Greece: Grexit would be a ‘modern Greek tragedy’ if aid talks fail

The Central Bank of Greece issued a stark warning of a Grexit on Wednesday (17 June) if aid talks fail ahead of an end of June repayment deadline.

Jun 17, 2015

SBI's Economic Growth Indicator Witnesses a Decline in June

Out of total sample of 3961, 35.7% corporate are PAT negative in FY15 as compared to 30.7% in FY14.

Jun 17, 2015

Edmund Shing: UK goes mad over online shopping - BooHoo and Sports Direct worth an investment look

UK is gripped by online shopping fever and BooHoo and Sports Direct look good as long-term online retail plays.

Jun 16, 2015

India Sees Massive Jump in Ultra-High-Net-Worth Households, Ranks Fourth in World

India saw a massive rise in the number of ultra-high-net-worth households to 928 in 2014, as compared to 284 in 2013.

Jun 16, 2015

India's Wholesale Inflation Still Negative at 2.36%

The annual inflation rate based on the Wholesale Price Index (WPI) was recorded at 6.18 percent in May 2014.

Jun 16, 2015

Drought May Pour Cold Water on Modi Government's Ambitious Growth Target for FY16

A decline in farm output is likely to pull down the country's growth rate below 7.3, which was posted last fiscal year.

Jun 15, 2015

Rise in Inflation Undermines RBI Rate Cut Prospects

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

Jun 12, 2015

Jaitley Asks Banks to Pass on Benefits of Rate Cuts by RBI to People; Home, Auto Loans May Become Cheaper

Jaitley has met chiefs of various banks to discuss about passing on the benefits of rate cuts by RBI to end users.

Jun 12, 2015

Protesters occupy Greek finance ministry

Greek Communist party labour union supporters occupied the finance ministry on Thursday (11 June) and prevented staff from entering over fears that the government will agree to further concessions in order to come to a cash-for-reform deal with lenders.

Jun 11, 2015

India to Lead Global Growth in 2015: World Bank

This, even as developing countries are now estimated to grow by 4.4 percent this year, according to the Bank.

Jun 11, 2015

George Osborne ready to sell off RBS at a loss

Chancellor of the Exchequer George Osborne said on Wednesday (June 10) he will seek to bind future governments to his vision of permanent budget surpluses, something only rarely achieved in modern Britain.

Jun 11, 2015