Economy News

Rupee to trade between 66-68 against US dollar in next 12-18 months: Report

There is, however, one risk to the Indian currency.

Dec 10, 2015

Modi govt to fund only 10 cities under Smart City project for this year: Report

The Centre will announce the first list of smart cities on 26 January.

Dec 10, 2015

IISc wins $52,900 contract from US military for R&D on solar powered micro-grid

The contract has been awarded by US Pacific Air Forces, Yokota Air Base in Japan.

Dec 10, 2015

India bullet train: Japan may clinch deal, announcement likely during Abe's visit

The $14.3 billion project is likely to be financed with a conditional loan of $8 billion from Japan.

Dec 9, 2015

Pharma exports hit by shortage of drug inspectors, says Assocham; Dr Reddy's Laboratories plunges to 52-week low

India's pharma exports stood at $13.7 billion in 2014-15.

Dec 9, 2015

Modi govt's move to unearth black money a joke: Mohandas Pai

"Black money is not waiting in foreign banks for you to go and get information and do...," he said.

Dec 9, 2015

Google's commercial quantum computer is 100 million times faster than a PC

The quantum computer resoundingly beat a conventional computer in a series of tests.

Dec 9, 2015

GST Bill: Is Congress unleashing 'vendetta' using National Herald case?

The Congress has dragged Narendra Modi into the National Herald case, saying he is orchestrating it.

Dec 9, 2015

Australian computer forensics police raid home of suspected Bitcoin creator

The raids follow Wired magazine outing Craig Steven Wright as perhaps the one who released bitcoin's code in 2009

Dec 9, 2015

India is fourth biggest exporter of illicit capital; China leads, says report

With an average annual outflow of $51.03 billion, India is the fourth biggest exporter of illicit capital.

Dec 9, 2015

Changi Airport to manage Ahmedabad, Jaipur airports

The government had earlier scrapped a move to privatise these airports, along with Chennai and Ahmedabad airports.

Dec 9, 2015

Without GST we effectively divide our own country: Mahindra Group chairman

"In a fragile world, India's Brahmastra is its huge domestic market," he said.

Dec 9, 2015

US economy to have moderate growth in the next decade as more Americans retire

The Labour Department forecast the work-age population increasing at an annual rate of 0.5%, reaching 163.8 million in 2024.

Dec 9, 2015

Greece: Tour operators climb Colosseum to protest against Holy Year selling ban

Six Roman tour operators climbed on Romes Colosseum on 7 December to protest against an order banning them from approaching tourists on the streets to sell them their packages. The decree, passed by Romes municipality last month, came just before the Holy Year, due to start on 8 December and to last almost one year, when millions of pilgrims and tourists are expected to flock to the Italian capital as well as to the Vatican.

Dec 8, 2015