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Economy News

Indian rupee vs dollar

Public debt declined to Rs. 55.73 lakh crore in March quarter of FY16

Internal debt constituted 92 percent of the total public debt for the March 2015-16 quarter. May 24, 2016
Indian Highways

India, Thailand and Myanmar to be connected by road

This is the first time India will be connected to the South East Asian nations, by a 1,400-km highway. May 23, 2016
tomato prices tomato karnataka food inflation cpi inflation retail inflation india tomato crop

Tomato prices zoom in Karnataka

In Kolar, tomato prices were hovering at around Rs. 500 per 15 kg from a low of Rs. 30 per 15 kg a year ago. May 23, 2016
Modi in Iran

India and Iran sign Chabahar port agreement

The central focus of Modi's visit to Iran is the signing of a trilateral agreement on the Chabahar port in the Gulf of Oman. May 23, 2016
Indian workers gulf

Remittances to India dip as Gulf jobs lose sheen on faltering oil prices

India's migrant workers face challenging work conditions in the Gulf as countries look to reserve more jobs for natives. May 22, 2016
Oil prices fall as Canada oil sands fields gradually return

Some evacuation orders lifted in Canada's scorched oil lands

Authorities in the oil town of Fort McMurray lifted the mandatory evacuation orders on Suncor's base plant and Syncrude's Mildred Lake facility. May 22, 2016
Your iPhones will soon be made in India

Apple CEO Tim Cook meets PM Modi, launches updated version of Narendra Modi mobile app

Apple CEO Tim Cook met PM Narendra Modi at his official residence on Saturday and also launched the updated version of Narendra Modi mobile app. May 21, 2016
World Bank building in Washington

World Bank announces $500 million insurance fund to tackle disease outbreaks

Japan has become the first country to commit $50 million towards the fund. May 21, 2016
indian aviation jet airways indigo domestic passenger air traffic air carriers

Domestic air traffic: How IndiGo, Jet Airways, Air India, Go Air, AirAsia India, Vistara performed in April

Indigo, Air India, SpiceJet improved their market share, while Jet Airways recorded a decline in April. May 21, 2016
indian railway suresh prabhu indian railways passengers traffic station

Indian Railways faces increasing competition from road, air transport: Railway Minister Suresh Prabhu

Better roads and low airfares are eating into Indian Railways' passenger traffic growth, Suresh Prabhu told a news website. May 21, 2016
RBI Reserve Bank of India

India's foreign exchange reserves decline $968 million to $361 billion

The reserves fell for the second consecutive week, ended May 13, according to RBI data. May 20, 2016
State Bank of India

50,000 SBI associate bank employees go on strike

The workers are protesting against the assimilation of five banks into parent bank SBI. May 20, 2016
Assam assembly polls elections 2016 CM candidate Sorbananda Sonowal verdict 2016

Assam Assembly poll victory won't help Modi government pass crucial economic reform bills: Foreign brokerages

The Assam assembly poll victory won't help BJP increase its Rajya Sabha tally before 2019, said HSBC, Nomura and DBS Bank analysts. May 20, 2016

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
Coal Mines

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
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