Economy News

Railway Minister Allays Fears of Privatization

Prabhu makes clear that the railways requires private investment and assured that the State transporter won't be privatized

Dec 3, 2014

Gold Rises About 4%: Biggest One-Day Gain Since 2013

Gold clocks above $1,200 for the first time since October with Japan sovereign downgrade and import relaxations in India.

Dec 2, 2014

Amazon Using Robots To Speed Orders for Holiday Rush (VIDEO)

Amazon Inc, the e-retail giant, unveiled its eighth generation fulfillment centers on Cyber Monday introducing the new Kiva Robotics technology to speed up work in the warehouses.

Dec 2, 2014

'Tax Evading Companies' Beware! China Will Find You and Hunt You Down!

Chinese authorities said on Monday that the administration will be keeping an eye on the finances of foreign companies to clamp down on tax evasion.

Dec 2, 2014

RBI Maintains Key Rates and Hints at Rate Cut in 2015; Growth Pegged at 5.5%

RBI leaves policy rates unchanged but hints at rate cut in 2015; Sensex down 0.60%

Dec 2, 2014

China's Manufacturing Index Slides in November; PBOC Should Introduce More Stimulus

China's manufacturing index fell to new eight-month lows in November highlighting the country's growing economic turmoil. Experts forecast more stimulus from the People's Bank of China in the coming few months.

Dec 1, 2014

Cyber Monday May Have Lost Its Sheen With Pre and Post Black Friday Deals

Black Friday and Cyber Monday are losing their sheen with several deals being announced before and continuing even after the shopping sale events.

Nov 29, 2014

Walmart Hit With Massive Protests on Black Friday

While shoppers flocked to several Walmart stores across the United States on Black Friday, the retailer also drew throngs of aggrieved employees and their supporters in front protesting in front of more than 1,600 stores nationwide.

Nov 29, 2014

Growth Slows Less than Feared, Easing Pressure for Rate Cut

The economic growth has slowed to 5.3% in September quarter from a 2-1/2 year high of 5.7 percent.

Nov 29, 2014

India Eases Gold Import Rule in Surprise Move

In a move which could cut down smuggling, India scraps a rule mandating traders to export 20 percent of all gold imported into the country

Nov 29, 2014

Walmart Employees Prepare for Protests on Black Friday

With just hours to go for America's biggest shopping event, Walmart employees and their supporters are preparing to stage one of the biggest protests on Black Friday.

Nov 28, 2014

Shop after Black Friday To get Best Deals on Laptops, TVs and Video Games

According to a latest price analysis by PriceStats, the best deals for TVs, laptops, cameras and even video games hit the stores only a day or two after Black Friday.

Nov 28, 2014

India Gets New Islamic Equity Fund but Debt Market Still Off-limits

India's 175 million Muslims, the largest Muslim minority population in the world, are unable to use Islamic banks because of laws requiring banks to charge interest, which is forbidden in Islam

Nov 28, 2014

OPEC Decides Against Oil Output Cut; Sends Prices Tumbling

Saudi Arabia uses its clout to maintain OPEC oil output resulting in prices going down further, targets US shale.

Nov 28, 2014

India Moving Towards Tax-Friendly Regime; Black Money Laws Need to be Changed, says Arun Jaitley

Finance Minister Arun Jaitley stresses on rectifying India's reputation which has taken a beating over the years

Nov 28, 2014