Economy News

Saudi prince unveils sweeping plans to end 'addiction' to oil

Saudi Arabia expects state oil company Saudi Aramco to be valued at more than $2 trillion ahead of the sale of it through an IPO.

Apr 26, 2016

France wins $40 billion Australian submarine contract: Reuters sources

France's state-controlled naval contractor DCNS has proposed a diesel-electric version of its 5,000-tonne Barracuda nuclear-powered submarine.

Apr 26, 2016

Essar Oil, Indian Oil, HPCL, BPCL expanded fuel retail network, Reliance added none in FY16

Essar Oil, Indian Oil, HPCL and BPCL together added 2,770 retail diesel, petrol stations in FY2016. Reliance Industries' network remained unchanged at 1,400 outlets.

Apr 25, 2016

PF deposits to fetch 8.7% interest, lower than 8.8% proposed by EPFO

The government approved 8.7 percent interest on PF deposits for FY2016, lower from the 8.8 percent proposed by the EPFO.

Apr 25, 2016

FDI inflows in India topped $51B in April-Feb FY16

India attracted $44.29 billion in foreign direct investments over the same period in 2014-15 and $46.55 billion in 2011-12.

Apr 25, 2016

Oil Iraq refinery losses to refineries middle east crude oil IMF projection

Oil-exporting countries to take $500 billion hit in revenue loss this year: IMF

The loss is expected to widen from the actual revenue loss of $390 billion in 2015 due to falling crude oil prices.

Apr 25, 2016

Govt may spend Rs. 6,000 crore to revamp regional airports

The government would invest about Rs. 6,000 crore to revive 75 regional airports across the country, the Economic Times reported.

Apr 25, 2016

Saudi Deputy Crown Prince Mohammen Bin Salman

Saudi Cabinet approves 'Vision 2030' outlining reforms for next 15 years

A partial initial public offering of the state-owned oil company Saudi Aramco is part of the reform plan to turn the economy around.

Apr 25, 2016

Govt panel suggests liquidating loss-making PSUs

There were 77 loss-making PSUs at the end of March 2015 with aggregate losses totaling over Rs. 27,360 crore.

Apr 24, 2016

PM to launch Rs. 8,000 crore scheme for free LPG connections to BPL families

The Pradhan Mantri Ujjwala Yojana, to be launched by Narendra Modi on May 1, will provide 5 crore free LPG connections across India.

Apr 23, 2016

Mumbai, Delhi, Bengaluru, Hyderabad airports post high growth in domestic passenger volumes

Mumbai, Delhi, Bengaluru and Hyderabad airports recorded growth in the range of 19 to 25 percent in passenger volumes in 2015-16.

Apr 23, 2016

Domestic passenger air traffic to cross 100 million in FY17; IndiGo, SpiceJet to outperform industry: Analyst

Strong demand is expected to lift domestic air traffic beyond 100 million from 85 million in FY16; Indigo, SpiceJet to outperform industry, says an Edelweiss Securities note.

Apr 23, 2016

Wall Street ends flat; Alphabet and Microsoft tumble

The S&P technology sector dropped 1.9 percent, its worst decline since early February, with Facebook down 2.5 percent and Intel falling 1.03 percent.

Apr 23, 2016

Oil up, marking third week of gains as market sentiment improves

Strong gasoline consumption in the United States, increasing signs of declining production around the world and oilfield outages have underpinned a return to investment in the sector, traders said.

Apr 23, 2016

India's forex reserves hit record high of $360.25 billion

The foreign exchange reserves of India rose $333.7 million in the week ended April 15, according to the RBI data.

Apr 22, 2016

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Economy News

Saudi prince unveils sweeping plans to end 'addiction' to oil

France wins $40 billion Australian submarine contract: Reuters sources

Essar Oil, Indian Oil, HPCL, BPCL expanded fuel retail network, Reliance added none in FY16

PF deposits to fetch 8.7% interest, lower than 8.8% proposed by EPFO

FDI inflows in India topped $51B in April-Feb FY16

Oil-exporting countries to take $500 billion hit in revenue loss this year: IMF

Govt may spend Rs. 6,000 crore to revamp regional airports

Saudi Cabinet approves 'Vision 2030' outlining reforms for next 15 years

Govt panel suggests liquidating loss-making PSUs

PM to launch Rs. 8,000 crore scheme for free LPG connections to BPL families

Mumbai, Delhi, Bengaluru, Hyderabad airports post high growth in domestic passenger volumes

Domestic passenger air traffic to cross 100 million in FY17; IndiGo, SpiceJet to outperform industry: Analyst

Wall Street ends flat; Alphabet and Microsoft tumble

Oil up, marking third week of gains as market sentiment improves

India's forex reserves hit record high of $360.25 billion

Time for India to follow suit? France, Germany, Netherlands, US banned use of EVMs [here's why]

Dhanush's Captain Miller has no buyers in Telugu states? Here's why

Deepika Padukone is a sight to behold in velvet gown; attends Academy Museum Gala with Selena Gomez, Dua Lip [see pics]

Is exhibiting cleavage mandatory? Malaika Arora opts for low neck sleeveless outfit at event in Vrindavan, leaves netizens furious

'She is cruel…': Ankita Lokhande CRIES after fight with Mannara, tells Vicky she wants to go home; fans react