Economy News

Energy ties with Iran not limited to crude oil: Oil minister Dharmendra Pradhan

India is ready to invest $20 billion in the port of Chabahar in Southeastern Iran.

Apr 9, 2016

With 30% stake in Sanmar Chemicals, Fairfax India investment reaches $1 billion

Sanmar will get Rs.1,996 crore equity investment from Fairfax, helping it become one of the largest PVC makers globally.

Apr 9, 2016

Tax collection exceeds target for the first time in 8 years

The gross tax collection for 2015-16 at Rs.14.60 lakh crore (provisional) exceeded for the first time since 2007-08, writes BusinessLine.

Apr 9, 2016

US small cap funds shine in first quarter but may have harder road ahead

The trailing price-to-earnings ratio of the benchmark Russell 2000 now stands at 27.2.

Apr 9, 2016

China steel exports hurt market economy status, industry official says

China Iron and Steel Association Secretary General Liu Zhenjiang said the recovery in prices in 2016 had created a "vicious circle."

Apr 9, 2016

India's foreign exchange reserves hit an all-time high of $360 billion

The reserves stood at $359.75 billion in the week ended April 1, up from the earlier historic high of $355.94 billion.

Apr 8, 2016

India UAE summit trade dubai business district

India to woo UAE investors in Dubai

India, the world's fastest-growing economy, will participate in a three-day investment event in Dubai commencing April 11.

Apr 8, 2016

India probing $4.5 billion coal import scam

The Indian finance ministry is investigating alleged over-invoicing of coal imports by about 40 companies.

Apr 8, 2016

Fedâ€™s Janet Yellen says US still on track for more rate hikes

The US economy is on a solid course and still on track to warrant further interest rate hikes, Federal Reserve Chair Janet Yellen said on 7 April.

Apr 8, 2016

Panama Papers: Finance Minister Arun Jaitley warns illegal account holders

Arun Jaitley said that each account was being analysed and illegal account holders "won't get sleep at night," PTI reported.

Apr 8, 2016

Asian shares drop as banks come under pressure, yen soars

MSCI's broadest index of Asia-Pacific shares outside Japan fell 0.5 percent.

Apr 8, 2016

Income tax department launches 3 more ITRs for e-filing

The IT Department is streamlining filing of income tax returns online, even as it seeks more disclosure of assets from high-net-worth individuals.

Apr 7, 2016

Indian Oil will spend Rs. 20,000 crore for its Gujarat refinery expansion

The company plans to expand its Gujarat refinery's capacity to 18 million tonnes per annum (MTPA) from the present 13.7 MTPA.

Apr 7, 2016

India revamps crude oil import policy

The new policy would allow state-run oil refiners to plan their own policies to buy cheaper oil cargoes and improve profitability.

Apr 6, 2016

India's coal import bill down Rs. 28,000 crore in FY16

The government has planned to double the coal output to one billion tonnes by 2019-2020.

Apr 6, 2016

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Economy News

Energy ties with Iran not limited to crude oil: Oil minister Dharmendra Pradhan

With 30% stake in Sanmar Chemicals, Fairfax India investment reaches $1 billion

Tax collection exceeds target for the first time in 8 years

US small cap funds shine in first quarter but may have harder road ahead

China steel exports hurt market economy status, industry official says

India's foreign exchange reserves hit an all-time high of $360 billion

India to woo UAE investors in Dubai

India probing $4.5 billion coal import scam

Fedâ€™s Janet Yellen says US still on track for more rate hikes

Panama Papers: Finance Minister Arun Jaitley warns illegal account holders

Asian shares drop as banks come under pressure, yen soars

Income tax department launches 3 more ITRs for e-filing

Indian Oil will spend Rs. 20,000 crore for its Gujarat refinery expansion

India revamps crude oil import policy

India's coal import bill down Rs. 28,000 crore in FY16

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