Economy News

Oil Prices Spike to $63, Investors Confident of Prices Staying at $60 Level

Brent crude prices increased 2 percent to $63 on Monday as investors believed that prices would remain around $60 for the rest of the year. News of the spike comes right after Saudi Arabia defended its decision to not impose any cuts on oil production and said they would stick to it.

Dec 22, 2014

Centre to Raise ₹14,900 crore Via 5% Stake Sale in ONGC; Retail Allocation at 20%

The Central government is all set to divest 5% of its holdings in the oil and petroleum explorer, ONGC, helping raise ₹14,900 crore.

Dec 22, 2014

China Offers $3 Billion in Aid to Thailand, Vietnam and Other Neighbours

China has offered aid to neighbours Cambodia, Vietnam, Myanmar, Thailand and Laos

Dec 20, 2014

GST Bill Will be Single Most Important Tax Reform: Finance Minister Arun Jaitley

The Goods and Services Tax bill will be introduced in the next budget session

Dec 19, 2014

Russia's President Vladimir Putin chairs a session of the State Council Presidium in Voronezh, August 5, 2014. Putin has ordered his government to prepare retaliatory measures against the latest round of Western sanctions, Russian news agencies reported o

Russia will Emerge from Rouble Collapse in Two Years: Putin

The rouble is down 46% against the dollar this year.

Dec 18, 2014

Why US Federal Reserve Won't Raise Interest Rates Anytime Soon

The US economy has been mapping a steady growth over the past 11 months.

Dec 18, 2014

China, India and Russia Among Most Corrupt Developing Countries

Some of the biggest developing economies in the world that include China, India and Russia are also the most corrupt, a new report by Global Financial Integrity (GFI), an international corruption watchdog showed.

Dec 17, 2014

Russian Ruble Falls to 16-year Low despite Interest Rate Hike; Putin's Power at Stake?

The Russian ruble fell to a new 16-year low on Wednesday despite the government's frantic efforts to prevent a slide reflecting a possible weakness in Putin's power grip over the region.

Dec 17, 2014

SpiceJet to Resume Flights From 4 PM Today

The flight operations of the cash-strapped airline was grounded due to non supply of jet fuel by oil marketing companies

Dec 17, 2014

Rupee Falls to 13-months Low, CAD Widens on Gold Import

The Indian Rupee lost about 1% against the dollar, reflecting the global trend.

Dec 16, 2014

November Gold Imports Up Six-fold in November, Trade Deficit at 18-month High

Trade Secretary Rajeev Kher terms increase in gold imports 'phenomenal'

Dec 16, 2014

Petrol and Diesel Prices Cut By Rs 2; Currency Weakness Erodes Possible Savings

Petrol and diesel prices have been cut by Rs.2, including state taxes for the second time in a fortnight, reflecting crashing crude prices globally

Dec 16, 2014

Jan Dhan Yojana Beneficiaries Face ATM Access Shortage; Cap On Transactions Risks Scheme

The Government's Pradhan Mantri Jan Dhan Yojana (PMJDY) scheme faces a severe shortage of ATMs for the beneficiaries. Cap on ATM transactions hinders adoption.

Dec 15, 2014