Economy News

US, Europeans promise to clarify doing business with Iran

Despite an influx of investment into Iran from the West, uncertainty over the rules is making some firms reluctant to do business with Tehran.

May 20, 2016

Too costly to shut: Mine sales stumble on looming clean-ups

Where mine sales have gone ahead, production is being prolonged, adding to oversupply in depressed markets, like coal.

May 20, 2016

India imposes anti-dumping duty on China's iron and steel products

The government has imposed a provisional anti-dumping duty for six months on seamless tubes, steel pipes, among other imports from the country.

May 19, 2016

World's single largest rooftop solar power plant inaugurated in India

Spread over a stretch of 42 acres, the renewable energy plant at Beas in Punjab will have a power generation capacity of 11.5 Mw.

May 18, 2016

taj mahal tourism in india incredible india FTA

India: Foreign tourist arrivals, earnings rise in April

India saw 11-percent increase in foreign tourist arrivals and 8.7-percent growth in foreign exchange earnings this April.

May 18, 2016

Indian rupee opens at 2-month low

The Indian rupee declined for the fifth straight day to the US dollar due to rising demand for the greenback and climbing crude oil prices.

May 18, 2016

Oil prices remain near 2016 highs on global supply disruptions

International Brent crude futures LCOc1 were trading at $49.31 per barrel at 0047 GMT, 3 cents above their last settlement.

May 18, 2016

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Delhi High Court seeks Centre, RBI's response on surcharge levied on card payments

The notices were issued in response to a plea seeking removal of surcharge and convenience fee, with response sought by August 19.

May 17, 2016

US reveals $117-billion exposure to Saudi investments

The exposure is "surprisingly not that much," but the stockpiling could be larger than reported.

May 17, 2016

India crude oil imports crude oil prices petrol diesel kerosene indian oil corporation IOC

India's honeymoon on inflation, current account may be over: Uday Kotak

Global crude oil prices are hovering around $50 per barrel, tweeted banker Uday Kotak, MD of Kotak Mahindra Bank.

May 17, 2016

UK job vacancies fall on Brexit worries, higher minimum wage: Survey

Job openings dropped by 9 percent in April from March and were down a hefty 27 percent versus a year ago.

May 17, 2016

Singapore India tax treaty DTAA Mauritius India capital gains FDI investments

Renegotiation of tax treaty with Singapore on the anvil: FM Arun Jaitley

It will be in line with the amended double tax avoidance agreement signed with Mauritius on capital gains, said Arun Jaitley.

May 16, 2016

bank credit, rbi, demonetisation, india slowdown, economy, urjit patel, pm modi

Indian banks akin to patients in ICU; surgery was inevitable: RBI deputy governor

SS Mundra, deputy governor of Reserve Bank of India (RBI), says the surgery has been "successful" but now banks need to "change their lifestyle".

May 16, 2016

India's wholesale price inflation rises first time in 17 months

A spike in inflation rate by 0.34 percent in April 2016 was driven by price rise in food articles and products.

May 16, 2016

rain sbi state bank of india monsoon early monsoon delayed monsoon imd skymet

'Sawan ko aane do' is the heartfelt expectation of all Indians: SBI chief Arundhati Bhattacharya

In India, 75 percent of the rainfall occurs between June and September; 60 percent of the cropped area is rain-fed, says SBI.

May 16, 2016

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Economy News

US, Europeans promise to clarify doing business with Iran

Too costly to shut: Mine sales stumble on looming clean-ups

India imposes anti-dumping duty on China's iron and steel products

World's single largest rooftop solar power plant inaugurated in India

India: Foreign tourist arrivals, earnings rise in April

Indian rupee opens at 2-month low

Oil prices remain near 2016 highs on global supply disruptions

Delhi High Court seeks Centre, RBI's response on surcharge levied on card payments

US reveals $117-billion exposure to Saudi investments

India's honeymoon on inflation, current account may be over: Uday Kotak

UK job vacancies fall on Brexit worries, higher minimum wage: Survey

Renegotiation of tax treaty with Singapore on the anvil: FM Arun Jaitley

Indian banks akin to patients in ICU; surgery was inevitable: RBI deputy governor

India's wholesale price inflation rises first time in 17 months

'Sawan ko aane do' is the heartfelt expectation of all Indians: SBI chief Arundhati Bhattacharya

Time for India to follow suit? France, Germany, Netherlands, US banned use of EVMs [here's why]

Dhanush's Captain Miller has no buyers in Telugu states? Here's why

Deepika Padukone is a sight to behold in velvet gown; attends Academy Museum Gala with Selena Gomez, Dua Lip [see pics]

Is exhibiting cleavage mandatory? Malaika Arora opts for low neck sleeveless outfit at event in Vrindavan, leaves netizens furious

'She is cruel…': Ankita Lokhande CRIES after fight with Mannara, tells Vicky she wants to go home; fans react