Economy News

Apple toying with person-to-person mobile pay service, says WSJ

Wall Street Journal was told that Apple could roll it out next year.

Nov 12, 2015

China sends notice to WTO and EU, cheap exports soon to be harder to resist

Dumping complaints are a frequent cause of trade disputes at the World Trade Organisation.

Nov 12, 2015

Facebook working overtime to block new kid on the social network block Tsu.co!

It believes that Tsu is incentivising content that is shared on Facebook and spamming the network.

Nov 11, 2015

CII hails FDI relaxation in 15 sectors as Jaitley's Diwali gift

CII is expecting more such moves in the "times to come".

Nov 11, 2015

Singles' Day: Alibaba sales may surpass last year's $9.3 billion by 50 %

Alibaba believes it might have made sales totaling $13.8 billion this year.

Nov 11, 2015

Foreign exhange earnings from tourism drop in spite of increased arrivals

The Indian government earned Rs.9,611 crore as Foreign Exchange Earning in October 2015.

Nov 11, 2015

BRIC funds find it hard to attract investors on poor returns, weak economic growth

Investors pull out due to underperformance by the bourses of Brazil, Russia, India and China.

Nov 11, 2015

Car safety gear: Autoliv gains in Japan after Takata's damaged airbags fiasco

Autoliv is the world's top maker of equipment such as air bags and seat belts.

Nov 11, 2015

Japan's first commercial jet in 50 years makes successful maiden flight

The Mitsubishi Regional Jet (MRJ) took off on a one-hour return flight from Nagoya Airport.

Nov 11, 2015

VW hopes to fix cars first before finding out who was behind emissions scam

VW's internal investigation is focusing on as many as 40 employees.

Nov 11, 2015

India says foreign investment norms will become more open; 15 sectors listed

The exercise will facilitate further opening up of the economy.

Nov 10, 2015

Festive season welcomes 13.91% increase in sales of automobiles

SIAM report shows increase in sales of automobiles in October 2015.

Nov 10, 2015

Chinese yuan to become international currency by 2020: Central Bank Governor

Reforms will include improving central bank communications and guiding market expectations to improve monetary policy.

Nov 10, 2015

Inflation climbs up in October, factory output slowed in September

Consumer prices are expected to have risen 4.82 percent in October from a year earlier.

Nov 10, 2015

Nepal runs out of fuel stocks; crisis deepens as border blockade continues

Imports from India have come to a halt for the past five days.

Nov 10, 2015