Economy News

For the First Time, India Buys More Arms From US Than Russia

This is the first time that the United States has emerged as the largest arms supplier to India, displacing Russia in sales.

Aug 13, 2014

Weaker Industrial Output in June as Inflation Surges

The industrial output decelerated in June, while the inflation rate surged in the same month.

Aug 13, 2014

Crony Capitalism Leads to Decline in Economic Growth: Raghuram Rajan

RBI governor Raghuram Rajan has warned against crony capitalism, explaining that the trend creates plutocracy or oligarchies, along with slowing down the economic growth of the country.

Aug 12, 2014

Monsoon Improving, Relief to Indian Farmers

The above average rainfall brings some relief to struggling farmers as it is likely to improve the final leg of summer crop planting in India.

Aug 8, 2014

Russia Bans Import of Food from United States, Fruits, Vegetables from Europe

Russian president banned the import of food from the United States, all fruits and vegetables from Europe

Aug 7, 2014

Raghuram Rajan Warns of 'Another Crash' in Global Financial Markets

India's Central Bank Chief Warns of 'Another Crash' in Global Financial Markets

Aug 7, 2014

Drop in Cotton Prices, Unpredictable Monsoon Increase Imports, Distress Farmers

Unpredictable monsoon and a sharp drop in cotton prices overseas have boosted cotton imports in India in the recent weeks.

Aug 7, 2014

Three Former Infosys Executives Press for ₹11,200 Cr Share Buy Back to Boost Confidence

Infosys Shares Rise on Buy Back Proposal: Move Could Erode Cash Balances, Hit Acquisitions

Aug 6, 2014

Ratan Tata to Invest in Snapdeal to Join E-commerce Boom?

Tata would be the second Indian business tycoon after Wipro's Azim Premji to invest in the four-year-old firm.

Aug 6, 2014

India to Sign WTO Deal by September if Members Agree to Demands

India said it would sign the WTO deal as early as next month if WTO members agree to its food security demands.

Aug 5, 2014

Indian Service Sector Slows in July after June's Record High

India's service sector growth plunged in July as new orders slowed last month, according to HSBC Services Purchasing Manager Index (PMI).

Aug 5, 2014

Tax Evaders and Non-Filers to Come Under Scanner as IT Dept Steps up Prosecution

If you have not filed your tax returns yet, you may face strict action by the income tax department, which has stepped up its prosecution of non-filers with revamped search and seizure operations

Aug 4, 2014

2G and 3G Spectrum Auction Expected in February

The department of telecom is likely to start the auction of 2G and 3G spectrum bands from February 2015.

Aug 2, 2014

Solar Power Equipment Makers Seek Government's Sops

To help solar power equipment manufacturers in India, the government should provide support by extending incentives, tax holidays and other sops, opined Indian Solar Manufacturing Association (ISMA) and KPMG, a business advisory company.

Aug 1, 2014

India Denied Signing TFA Deal, WTO Diplomats to Lay Options after Summer Break

India's persistence on its demand for more food grains stockpile may result in its exclusion from the WTO Trade Facilitation Agreement.

Jul 31, 2014