Economy News

SpiceJet, GoAir, IndiGo Slash Fares by 75 Percent; Will Other Carriers Follow Suit?

SpiceJet on Monday triggered a fare war by slashing its ticket prices by a massive 75 percent, a move which soon forced its rivals GoAir and IndiGo to bring down their prices.

Feb 25, 2014

Facebook Buys WhatsApp: $19 Billion Shocker Investment is Equal to Total Annual Lending by World Bank

Facebook's investment of $19 Billion in WhatsApp messaging service is equal to the total annual lending by World Bank.

Feb 20, 2014

Arvind Kejriwal at CII: AAP Chief Explains Dynamics of ‘Aapnomics’, Says Party is Only Against ‘Crony Capitalism’ [Reactions]

Aam Aadmi Party chief Arvind Kejriwal on Monday said that he is only against 'crony capitalism' not business.

Feb 18, 2014

Mumbai Monorail News: India's First Monorail Service Inaugurated [Latest Reactions]

The service will be open to the public on Sunday making Mumbai the first Indian city to ever use such a transport facility.

Feb 1, 2014

Reserve Bank of India to Withdraw all Currency Notes Prior to 2005; When and How to Exchange Old Banknotes

In what appears to be an attempt to curb black money and fake currencies, the Reserve Bank of India (RBI) on Wednesday decided to withdraw all currency notes, including ₹500 and ₹1000 issued prior to 2005.

Jan 23, 2014

American Bazaar Business Conclave 2014 to Focus on US Visa Problems Post Recession

American Bazaar Online will be hosting its inaugural conclave in Bengaluru, India, focusing on the opportunities and challenges of Information Technology in the United States, especially in the post-recession period.

Jan 22, 2014

US-India Row: New Delhi Cancels Energy Dialogue as US Judge Refuses to Extend Devyani Khobragade's 13 January Hearing

India has indefinitely postponed an energy dialogue with the United States that was set to take place next week, after a federal judge denied Devyani Khobragade's request to extend the 13 January deadline for a preliminary hearing, the date she will be indicted.

Jan 9, 2014

CES 2014: Innovative Technology Trends to Watch Out For

The countdown for the 2014's first and one of the year's biggest electronics trade fair, International CES (Consumer Electronics Show) has already begun. The event is scheduled to run for four days straight (7- 10 January) at Las Vegas Convention Centre, Nevada hosting industry's top-notch companies like Samsung Asus, LG as well as new upcoming start-up firms like Innovega and others to show case their innovative technology.

Jan 5, 2014

China's Unmanned Spacecraft Chang'e-3 Lands on Moon [PHOTOS]

China successfully soft-landed it's lunar probe Chang'e-3 on the moon on Saturday night, becoming the third country to accomplish such a feat after the US and former Soviet Union.

Dec 15, 2013

Jobless Italians return to vineyards for harvest

Vineyards in northern Italy are holding a 'harvest of solidarity' this year. The aim is to give unemployed Italians a job. It is proving so popular that hard-up Italians who used to shun farm work are beginning to replace immigrants. Duration: 02:32

Sep 22, 2013

BSE closes points 360.42 down on September 20

New Delhi, Sep 20 (ANI): Trading at the Bombay Stock Exchange today closed 360.42 points down to stand at 20286.22. At the National Stock Exchange the Nifty closed 103.45 points down to stand at 6012.10. TV18 Broadcast and Madras Cements were among the top gainers of Group A with an increase of 12.31% and 8.61% along with Shriram City University and IRB Infrastructure Developers Ltd. with an increase of 7.81% and 7.38% respectively, while the top losers of Group A include DLF and Oriental Bank with a decrease of 11.55% and 9.70% along with HDIL and Indian Bank with a decrease of 8.47% and 8.31% at the close of the markets. The Auto sector is down 150.43 points at 11,232.64 while the banking sector is down 527.80 points at 12,170.03 and the realty sector is down 89.93 points at 1,287.12. The Indian currency is down 0.73% at Rs 62.22 per dollar.

Sep 20, 2013

RBI hikes repo rate by 0.25% to 7.5% Part - 2

Mumbai, Sep 20 (ANI): Reserve Bank governor Raghuram Rajan on Friday hiked the key repo rate by 0.25 per cent hereby increasing it to 7.5% from 7.25% with immediate effect.

Sep 20, 2013

RBI hikes repo rate by 0.25% to 7.5% Part - 1

Mumbai, Sep 20 (ANI): Reserve Bank governor Raghuram Rajan on Friday hiked the key repo rate by 0.25 per cent hereby increasing it to 7.5% from 7.25% with immediate effect.

Sep 20, 2013

India reckons revived reforms for failing economy

New Delhi, Sep 20 (ANI): The tapering trends in Indian economy urgently demands deepening of economic reforms so as to stabilise the dwindling economy of the country. India___s Finance Secretary Arvind Mayaram stated this while interacting with the mediapersons in New Delhi. Earlier on Wednesday (September 18) the US Federal Reserve announced that it will continue with its monthly $85 billion bond buying programme and wait for more evidence of growth recovery. He also assured that the Indian government is working for the growth recovery and normalisation of the Indian currency.

Sep 20, 2013

Turkey alcohol laws threaten wine-making industry

The islanders of Turkey's Bozcaada worry that Prime Minister Erdogan's recent restrictive laws relating to the sale and advertising of alcohol will threaten their livelihood and their centuries-old culture of wine-making. Duration: 01:45

Sep 20, 2013