Economy News

US Fed owns up to global risks in statement shift

The slide in oil prices and slowdown in global growth may change the Fed's bias from implying steady set of future rate hikes.

Jan 29, 2016

Benefits of falling crude oil prices to India 'fading', says economist

The incremental impact of the plunge in oil prices has hit India's exports to oil-producing countries.

Jan 28, 2016

India to face airport capacity crunch by 2025: CAPA

CAPA predicted that India is dangerously under-prepared to handle its air traffic of 556 million by 2025 and needs to invest about $40 billion to improve infrastructure.

Jan 28, 2016

A customer hands a bundle of Indian Rupee currency notes to a teller at a financial institution in Mumbai (Reuters)

Rupee plunges to new 29-month low of 68.19 to US dollar

Analysts see it as a reaction to the US Fed Reserve leaving interest rates unchanged on Wednesday.

Jan 28, 2016

Gold slips from 12-week high on less dovish Fed

The less dovish tone of the Fed's statement weighed on gold, which had gained on global uncertainties from China to Europe.

Jan 28, 2016

US Federal Reserve keeps rates unchanged, wary eye on global markets

Fed policymakers said the economy was still on track for moderate growth and a stronger labor market.

Jan 28, 2016

Govt to host India Investment Summit on 4, 5 February

The event is aimed at showcasing investment opportunities in various sectors in India.

Jan 27, 2016

India's FY2016 oil import bill to reduce sharply on lower crude oil prices

However, the import dependency was up from 78.2% to 80.2%, indicating that falling prices have led to an increase in consumption.

Jan 27, 2016

In Gujarat, farmers struggle over GIDC's land acquisition, compensation

While some farmers have neither been paid nor their land been returned, others are angry over lower compensation.

Jan 27, 2016

Govt mulling National Investment Grid to boost private investment

The Department of Industrial Policy & Promotion is in discussion with states over the creation of such a grid.

Jan 27, 2016

Oil falls around 2 percent as profit-taking kicks in

Prices were also dampened by a bigger-than-expected build in US crude inventory.

Jan 27, 2016

Asian stocks struggle as headwinds grow; gold shines

Despite a weak bounce of 0.6%, MSCI's broadest index of Asia-Pacific shares outside Japan was holding near a four-year low hit last week.

Jan 27, 2016

France to invest $10 billion in India over next five years

Mahindra Defence and Airbus signed an agreement to produce military helicopters in India.

Jan 25, 2016

Incredible India: Will 'Quantico' actor Priyanka Chopra and Amitabh Bachchan be able to woo foreign tourists?

The "Quantico" actor Priyanka Chopra and Amitabh Bachchan may find it hard to campaign, given their existing commitments and the weak global economic growth.

Jan 25, 2016