Economy News

Jaitley Puts Govt on Austerity Drive: No First-Class Air Travel, No 5-Star Hotel Meetings

The aim behind the austerity drive is to cut non-plan expenditure by 10%.

Oct 30, 2014

Black Money: All You Need to Know about India's Parallel Economy

As of 2011, India was the fifth largest exporter of black money in the world.

Oct 30, 2014

Fed Ends Bond Buying, Shows Confidence in US Recovery

The Federal Reserve on Wednesday ended its monthly bond purchase program.

Oct 30, 2014

Black Money: India Stays Away as 51 Countries Sign Information Sharing Agreement

India may have shied away from the commitment to follow international standards on information received.

Oct 30, 2014

Airbus-Tatas Bid for ₹20,000 Crore IAF Transport Aircraft Order

The $17.8-billion Airbus Defence has tied up with Tata Sons' subsidiary (TASL) as its Indian production partner for the order.

Oct 29, 2014

Black Money Probe: Centre Submits List with 627 Names to Supreme Court

The list is said to have the names of Indians with accounts in HSBC, Geneva.

Oct 29, 2014

Snapdeal Goes Stronger, Bags Investment Worth $627 Million

The investment will make the e-commerce retail war more interesting.

Oct 28, 2014

'Kaththi' Box Office: Vijay Starrer Beats Rajinikanth's 'Sivaji' Collections

"Kaththi" has also become the highest five day grosser of the year in Tamil Nadu Diwali Box office by collecting ₹36 crore.

Oct 28, 2014

Facebook Asks Publishers to Upload Contents, Articles Directly to Their App

If accepted, this Facebook offer will be meaningful to users as the content's will be available together in a seamless manner.

Oct 28, 2014

Coal India's Price Pooling under Review: Coal Secretary

The proposal was earlier shelved during the United Progressive Alliance (UPA) rule, as most state electricity boards opposed it fearing increase in power tariffs.

Oct 28, 2014

India's GDP to Grow 5.6 Percent this Fiscal: World Bank

Dismantling inter-state check posts by implementing the indirect tax reform will help India grow faster.

Oct 28, 2014

Black Money Probe: Centre Reveals 3 Names, Tainted Businessmen on First List

According to Times Now, businessmen Pradip Burman, Pankaj Lodhiya and Radha Timblo are the Indians likely to be named on the first list.

Oct 27, 2014

Crude Oil Drops as Goldman Sachs Predicts Price Free Fall

Brent for delivery in December 2014 declined 0.29% to $85.88 (£53.37, €67.76) barrel as at 23:52 pm ET, while WTI was down 8 cents at $80.93.

Oct 27, 2014

Arun Jaitley Favours Interest Rate Cut to Trigger Demand in Construction Sector

The Reserve Bank of India has signalled that it will not ease policy until it is confident of lower inflation.

Oct 25, 2014

Modi Appoints Arvind Subramanian as Chief Economic Adviser

Subramanian's appointment inserts a friend of RBI Governor Raghuram Rajan at the heart of policy making.

Oct 17, 2014