Economy News

Union Budget: What is on the Finance Minister's Mind?

Union Budget for 2014-15: Arun Jaitley has, through his recent statements and posts, given indications of what the budget will entail and how it will shape up.

Jun 18, 2014

Sensex and Nifty Open Higher, Tata Steel Gains after Investor's Approval on Raising Borrowing Limit

At 9:15 am on Wednesday, Sensex opened higher at 25,565.19 by 44 points and Nifty too recorded an increase of 10.15 points opening at 7641.85.

Jun 18, 2014

Modi Government Faces Five-Month High Inflation, Jaitley Draws Flak

Arun Jaitley, who blamed the inflationary prices on the poor monsoon and hoarding, came in the line of criticism.

Jun 17, 2014

Rupee Declines over Iraq Crises Despite Government's Assurance

Rupee vs Dollar: The Indian Rupee declined at 60.3525 a dollar by 20 paise on Tuesday at interbank foreign exchange market. It closed at 60.1550 per dollar on Monday.

Jun 17, 2014

Sensex Opens Red; FMCG, Auto and Healthcare Dip

Indian share market opened in red on Tuesday, as conflict in Iraq and a gas dispute between Ukraine and Russia has increased tensions among investors

Jun 17, 2014

Rupee Records Decline; Hits Month Low at 60 per Dollar

Indian rupee slumped by 6 paise at 59.82 a dollar at early trade on Monday, against closing value of 59.76 per dollar on Friday at Interbank Foreign Exchange Market due to demand for dollars from oil exporters.

Jun 16, 2014

No Need to Panic about Iraq Crisis, says Finance Secretary Arvind Mayaram

Arvind Mayaram said on Saturday that the government is watchful and there is no need to panic regarding oil supplies in India.

Jun 14, 2014

RBI Eases KYC Norms to Avail Bank Accounts

Reserve Bank of India in a press release stated that the KYC norms have been made simpler, and now anyone can open a bank account with just one address proof - either permanent or local.

Jun 13, 2014

Rupee Opens 5 Paise Weak Followed by Dollar's Demand in Asia-Pacific

INR depreciated by 5 paise at early trade on Friday at 59.30 per dollar against aforesaid closing value of 59.25 a dollar.

Jun 13, 2014

Climate Change: After WB, ADB Approves Aid to Coastal States

Last month, Global Environment Facility (GEF) agreed to finance an ongoing million dollar project for Coastal protection, under the administration of Asian Development Bank.

Jun 12, 2014

Rupee Slips 9 Paise Against Dollar in Early Trade

The Rupee declined by 9 paise at early trade on Thursday at 59.36 a dollar against previous day's closing value of 59.27 per dollar at Interbank Foreign Exchange market.

Jun 12, 2014

Rolls-Royce 'Disappointed' as Emirates Cancels Orders for 70 Airbus A350 Aircraft

Emirates Airlines has cancelled an order for Airbus's 70 A350 aircraft, UK aero-engine maker Rolls-Royce has revealed.

Jun 11, 2014

Rupee Falls Flat due to Forthcoming CPI and IIP Release

Rupee declined at early trade on Wednesday at 59.32 per dollar against previous day's closing value of 59.29 a dollar. The fall can be attributed to increased demand for American currency at Interbank Foreign Exchange market and absence of major inflows.

Jun 11, 2014

India's Economic Growth Forecast: World Bank Projects 6.6% Growth for World's Largest Democracy by 2017

The World Bank has forecast India's economic growth at 5.5 percent in the fiscal year 2014-15, accelerating to 6.3 percent in 2015-16 and 6.6 percent in 2016-17, even as it projects a year of disappointing growth for developing countries.

Jun 11, 2014

Rupee Falls Flat by 10 Paise, Higher Inflows Resisted the Fall

Rupee depreciated by 10 paise at early trade on Tuesday at 59.24 a dollar against Monday's closing value of 59.20, due to increased demand for the US currency from importers.

Jun 10, 2014