Economy News

Oil Iraq refinery losses to refineries middle east crude oil IMF projection

Oil-exporting countries to take $500 billion hit in revenue loss this year: IMF

The loss is expected to widen from the actual revenue loss of $390 billion in 2015 due to falling crude oil prices.

Apr 25, 2016

Govt may spend Rs. 6,000 crore to revamp regional airports

The government would invest about Rs. 6,000 crore to revive 75 regional airports across the country, the Economic Times reported.

Apr 25, 2016

Saudi Deputy Crown Prince Mohammen Bin Salman

Saudi Cabinet approves 'Vision 2030' outlining reforms for next 15 years

A partial initial public offering of the state-owned oil company Saudi Aramco is part of the reform plan to turn the economy around.

Apr 25, 2016

Govt panel suggests liquidating loss-making PSUs

There were 77 loss-making PSUs at the end of March 2015 with aggregate losses totaling over Rs. 27,360 crore.

Apr 24, 2016

PM to launch Rs. 8,000 crore scheme for free LPG connections to BPL families

The Pradhan Mantri Ujjwala Yojana, to be launched by Narendra Modi on May 1, will provide 5 crore free LPG connections across India.

Apr 23, 2016

Mumbai, Delhi, Bengaluru, Hyderabad airports post high growth in domestic passenger volumes

Mumbai, Delhi, Bengaluru and Hyderabad airports recorded growth in the range of 19 to 25 percent in passenger volumes in 2015-16.

Apr 23, 2016

Domestic passenger air traffic to cross 100 million in FY17; IndiGo, SpiceJet to outperform industry: Analyst

Strong demand is expected to lift domestic air traffic beyond 100 million from 85 million in FY16; Indigo, SpiceJet to outperform industry, says an Edelweiss Securities note.

Apr 23, 2016

Wall Street ends flat; Alphabet and Microsoft tumble

The S&P technology sector dropped 1.9 percent, its worst decline since early February, with Facebook down 2.5 percent and Intel falling 1.03 percent.

Apr 23, 2016

Oil up, marking third week of gains as market sentiment improves

Strong gasoline consumption in the United States, increasing signs of declining production around the world and oilfield outages have underpinned a return to investment in the sector, traders said.

Apr 23, 2016

India's forex reserves hit record high of $360.25 billion

The foreign exchange reserves of India rose $333.7 million in the week ended April 15, according to the RBI data.

Apr 22, 2016

Bandra Kurla Mumbai financial district business district

India dethrones China as world's top FDI destination: Report

India received $63 billion in foreign direct investments in 2015, against China's $56.6 billion, says a report by a Financial Times division.

Apr 22, 2016

China seizes biggest share of global exports in almost 50 years

The success belies widespread predictions rising costs for Chinese labour and a currency that has increased nearly 20 percent against the dollar.

Apr 22, 2016

Domestic air traffic: How IndiGo, Jet Airways, Air India, Go Air, AirAsia India, Vistara performed in March [PHOTOS]

Indian air carriers flew 7.87 million passengers in March 2016, up 25 percent from 6.28 million in March 2015. IndiGo, Go Air gained, Jet, SpiceJet lost.

Apr 21, 2016

Bank deposit growth rate in FY16 falls below five-decade low

Bank deposits grew 9.72 percent as on April 1, 2016, year-over-year, lower than the five-decade low of 9.9 percent as on March 18, according to the RBI.

Apr 21, 2016

Indian Railways capital expenditure rose to a new high in FY16: Report

The capital expenditure of Indian Railways in 2015-16 was Rs. 94,000 crore, up Rs. 37,000 crore YoY, the Economic Times reported.

Apr 21, 2016

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Economy News

Oil-exporting countries to take $500 billion hit in revenue loss this year: IMF

Govt may spend Rs. 6,000 crore to revamp regional airports

Saudi Cabinet approves 'Vision 2030' outlining reforms for next 15 years

Govt panel suggests liquidating loss-making PSUs

PM to launch Rs. 8,000 crore scheme for free LPG connections to BPL families

Mumbai, Delhi, Bengaluru, Hyderabad airports post high growth in domestic passenger volumes

Domestic passenger air traffic to cross 100 million in FY17; IndiGo, SpiceJet to outperform industry: Analyst

Wall Street ends flat; Alphabet and Microsoft tumble

Oil up, marking third week of gains as market sentiment improves

India's forex reserves hit record high of $360.25 billion

India dethrones China as world's top FDI destination: Report

China seizes biggest share of global exports in almost 50 years

Domestic air traffic: How IndiGo, Jet Airways, Air India, Go Air, AirAsia India, Vistara performed in March [PHOTOS]

Bank deposit growth rate in FY16 falls below five-decade low

Indian Railways capital expenditure rose to a new high in FY16: Report

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