Economy News

India Needs Chinese Steel for Modi's 'Make in India' to Succeed

India's steel imports from China, the world's biggest producer of the alloy, doubled in April-September.

Nov 10, 2014

US Housing Market Inching Toward Full Recovery – NAHB

The housing market recovery of the United States is right on track and is inching towards the finish line of a full upturn, according to the National Association of Home Builders (NAHB).

Nov 10, 2014

Nikki Haley to Visit India to Attract Foreign Investment

Haley said she sees opportunities in pharmaceuticals, automotives and agriculture.

Nov 8, 2014

RBI: 'Long Way to Go' Before Inflation Eases; No Rate Cut in December?

Markets have been rallying in anticipation of RBI announcing rate cuts in December.

Nov 7, 2014

Can China-backed Infrastructure Bank Solve India's Power Crisis Through Coal Investment?

The World Bank had cut off funding for coal-fired plants except in 'rare circumstances' last year in a bid to support 'low-carbon growth'.

Nov 6, 2014

Telangana Budget: Amid Farmer Suicides, Hiked Salary for MLAs, ₹100 crore for 'Martyrs' of Statehood

Telangana Chief Minister K Chandrasekhar Rao chose to blame Andhra Pradesh for the power shortage in the state.

Nov 5, 2014

Sensex Touches Record High of 28,000 Points

Sun Pharma, SBIN, HUL, Bajaj Auto and Axis Bank were the top five gainers.

Nov 5, 2014

Increased Tax Refunds Fuelling Fiscal Deficit: Jaitley

Jaitley said the major priority of the government is to bring back the growth momentum.

Nov 1, 2014

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