Economy News

Tirupati temple wants gold, not cash on maturity

The world's richest Hindu temple wants the longer-duration deposits under the Gold Monetisation Scheme to be redeemed in the yellow metal instead of cash.

Mar 24, 2016

Standard Chartered seeks to protect $2B diamond loans to Indian, Belgian traders

The London-based bank is asking diamond borrowers to furnish payment insurance or provide 100 percent collateral, according to a Bloomberg report.

Mar 24, 2016

Indian Institute of Management - Ahemdabad

IIM-A hikes course fees citing inflation trends

The fee has been increased 5.4 percent to Rs 19.5 lakh from Rs 18.5 lakh.

Mar 24, 2016

Global MNCs' outlook for China has deteriorated: Morgan Stanley

Industrials, IT, materials, and staples have the worst outlook for China's revenue trends, says Morgan Stanley.

Mar 23, 2016

India China border dispute bilateral trade narendra modi

Chinese media pooh-poohs Modi's India

In an op-ed, state-run Global Times says "Modi's economic reform has achieved little progress".

Mar 23, 2016

Mumbai airport charges to go up by 7%

The hike is significantly less than what Mumbai International Airport Ltd and the GVK group had demanded.

Mar 23, 2016

Bank credit growth rises sharply in 2016

However, the rise in credit growth gives little comfort with several commodity businesses suffering from low prices and high debt.

Mar 23, 2016

Bharat Petroleum lines up major capital expenditure

The company will spend 40 percent of the total Rs. 10,000 crore on augmenting refining capacity at its Kochi refinery, reported The Economic Times.

Mar 23, 2016

Indian Oil Corporation Petrol prices petrol price hike IOC

India hopes to sign Farzad B gas field deal with Iran next month

India's Oil Minister said he is "hopeful" a deal on Farzad B could be concluded during his visit to Tehran on April 9-10.

Mar 23, 2016

Vijay Mallya discredited India's private sector: Arun Jaitley

Arun Jaitley was responding to a question on Vijay Mallya's bank loans of about Rs 9,000 crore.

Mar 22, 2016

India's current account deficit falls to 1.3% of GDP in December quarter

The reduction in the current account deficit was primarily on account of lower trade deficit that stood at $34 billion.

Mar 22, 2016

Govt releases new Defence Procurement Policy; defence stocks gain

The new policy will focus on India-made products and fast-track the acquisition process for firms.

Mar 22, 2016

India proposes to widen scope of digital services to impose equalisation levy

An Indian government panel has widened the scope of online services under the proposed 6-8 percent equalisation levy that is bound to hit Google, Facebook and Twitter.

Mar 22, 2016

Crude oil price of Indian basket rises 54% in 2 months

The price was $38.57 per barrel March 18, up from $24.96 per barrel Jan. 18, according to the petroleum ministry.

Mar 21, 2016

Rajiv Gandhi International Airport, Hyderabad

Hyderabad Airport seeking 60% increase in tariff rates: Report

The Hyderabad Airport levies the highest user development fee in India, the Economic Times reports.

Mar 21, 2016

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Economy News

Tirupati temple wants gold, not cash on maturity

Standard Chartered seeks to protect $2B diamond loans to Indian, Belgian traders

IIM-A hikes course fees citing inflation trends

Global MNCs' outlook for China has deteriorated: Morgan Stanley

Chinese media pooh-poohs Modi's India

Mumbai airport charges to go up by 7%

Bank credit growth rises sharply in 2016

Bharat Petroleum lines up major capital expenditure

India hopes to sign Farzad B gas field deal with Iran next month

Vijay Mallya discredited India's private sector: Arun Jaitley

India's current account deficit falls to 1.3% of GDP in December quarter

Govt releases new Defence Procurement Policy; defence stocks gain

India proposes to widen scope of digital services to impose equalisation levy

Crude oil price of Indian basket rises 54% in 2 months

Hyderabad Airport seeking 60% increase in tariff rates: Report

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