Economy News

Government Hikes Excise Duty on Petrol, Diesel by ₹1.50 Per Litre

The hike has been declared in order to ensure that the exchequer too get to benefits with falling international prices.

Nov 13, 2014

India, US Agree on Food Stockpiling; End WTO Standoff

The World Trade Organisation is likely to approve India's new proposal, which is in agreement with United States.

Nov 13, 2014

JP Morgan, Citibank and UBS Among Banks Fined for Manipulating Foreign Exchange Market

The fines are perhaps the largest the Financial Services Authority or its predecessors have ever imposed.

Nov 12, 2014

US, UK and India To Grow Despite Global Economic Slowdown – Moody's

The US, UK and India will continue to post solid growth in the coming two years despite a slowdown in the Eurozone and other areas, according to Moody's Investors Service.

Nov 10, 2014

Top Five Factors that will Shape US Real Estate Future – CRE Report

As the US housing market continues its strong rebound, experts are counting on a better year ahead.

Nov 10, 2014

Air India Privatisation Possible in Future, Says Civil Aviation Minister

Raju said that state-owned Airports Authority of India and national helicopter company Pawan Hans be listed on the stock exchanges.

Nov 10, 2014

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