Economy News

Disinvestment: SAIL Stake Sale Fetches ₹ 1,715 Crore; ONGC, Coal India in Line

The Narendra Modi government's maiden disinvestment initiative is a success, 5% stake sale in state-run SAIL nets ₹1,715 crore. Prospects for offloading stakes in other PSUs brighten.

Dec 6, 2014

India Poised to Grow Faster Than China From 2016, Says Goldman Sachs

Goldman Sachs chief India economist Tushar Poddar expects India's growth to overtake China starting 2016. Structural reforms could provide further impetus.

Dec 5, 2014

SBI Cuts Interest Rates By 25 Basis Points

SBI has cut deposits with tenure exceeding one year by 25 basis points. Short term deposits see no change. Improved fund liquidity proved beneficial.

Dec 5, 2014

India to Export Buffalo Meat to Russia; More Products to Follow

In the face of retaliatory sanctions by Russia on EU, India set to benefit from an increase in trade of agricultural and dairy products

Dec 5, 2014

SAIL Floor Price Set at ₹83; Government Lines Up ONGC, CIL and Others

The floor price for the SAIL auction has been set at ₹83 and retail investors will receive 5% discount.

Dec 5, 2014

Delhi To Scrap Cars Over 15 Years In A Move To Reduce Pollution. Will Car Sales Pickup?

The National Green Tribunal banned vehicles older than 15 years off the streets of Delhi, with its unenviable record of being the world's worst polluted city. Will the move help more cars remains to be seen

Dec 4, 2014

Term Deposit Rates Cut By ICICI And HDFC

HDFC and ICICI cut term rates to 8.75% across tenures; base rate remains unchanged.

Dec 4, 2014

NDA Disinvestment Agenda Back on Track; SAIL Kicks off Process with 5% Stock Sale

The government disinvestment agenda picks up pace with the sale of 5% of shares in SAIL; ONGC, Coal India and Hindustan Zinc lined up.

Dec 4, 2014

Corruption Perceptions Index 2014: India Ranked Less Corrupt Than China For First Time In 18 Years

According to the Corruption Perceptions Index of least-corrupt countries released by Transparency International, India has jumped 10 places from 94th rank last year.

Dec 4, 2014

Railway Minister Allays Fears of Privatization

Prabhu makes clear that the railways requires private investment and assured that the State transporter won't be privatized

Dec 3, 2014

Gold Rises About 4%: Biggest One-Day Gain Since 2013

Gold clocks above $1,200 for the first time since October with Japan sovereign downgrade and import relaxations in India.

Dec 2, 2014

Amazon Using Robots To Speed Orders for Holiday Rush (VIDEO)

Amazon Inc, the e-retail giant, unveiled its eighth generation fulfillment centers on Cyber Monday introducing the new Kiva Robotics technology to speed up work in the warehouses.

Dec 2, 2014

'Tax Evading Companies' Beware! China Will Find You and Hunt You Down!

Chinese authorities said on Monday that the administration will be keeping an eye on the finances of foreign companies to clamp down on tax evasion.

Dec 2, 2014

RBI Maintains Key Rates and Hints at Rate Cut in 2015; Growth Pegged at 5.5%

RBI leaves policy rates unchanged but hints at rate cut in 2015; Sensex down 0.60%

Dec 2, 2014

China's Manufacturing Index Slides in November; PBOC Should Introduce More Stimulus

China's manufacturing index fell to new eight-month lows in November highlighting the country's growing economic turmoil. Experts forecast more stimulus from the People's Bank of China in the coming few months.

Dec 1, 2014