Economy News

Rail Budget 2016: Wagon, coach makers to benefit from Rs 1.25 lakh crore outlay

The railways had announced a Rs 8.56 lakh crore capex in last year's budget to be spent over five years till FY2019.

Feb 23, 2016

NTPC shares fall after government announces 5% stake sale

The Narendra Modi government plans to raise about Rs 5,000 crore from this sale, based on the floor price of Rs 122 per share.

Feb 23, 2016

Rupee closes at new 30-month low to 68.61, nears all-time low of 68.85

Renewed selling of Indian equities by foreign investors and a rise in demand for the dollar pulled the currency down.

Feb 22, 2016

Prostitution in the garb of spa business is an aberration, says CEO of salon and spa chain YLG

The salon and spa business is about Rs 21,000 crore in India and growing at about 20 percent annually, says YLG CEO Rahul Bhalchandra.

Feb 22, 2016

Jat Stir: Railways to refund full amount for cancelled trains

Accounts of passengers, who had booked their tickets online, will automatically be credited.

Feb 22, 2016

Falling stock markets tend to hit SIP inflows, says Edelweiss AMC CEO

Monthly SIP inflows hover around Rs 2,500 crore, Vikas Sachdeva told International Business Times India.

Feb 22, 2016

India's $16 billion wage bonanza may force Jaitley to cut capex

The spending pressure on Finance Minister Arun Jaitley threatens to worsen imbalances in India's $2 trillion economy.

Feb 22, 2016

India set to seal major power deal in Bangladesh, beating China

After years of negotiations, India's BHEL will sign a contract to build a 1,320 MW thermal power station in Bangladesh.

Feb 22, 2016

Budget 2016: Price Stabilisation Fund may increase by 80% to Rs 900 crore

The PSF is used to protect consumers from price rise and for welfare activities

Feb 21, 2016

PIB approves India Post's Rs 800 crore payments bank proposal

The postal department is currently in the process of selecting a consultant for setting up the payments bank.

Feb 21, 2016

ONGC approves Rs 5,050 crore investment in Tripura

The Ministry of Oil and Petroleum has announced the main aim of the investment is to develop the region as a hydrocarbon hub.

Feb 21, 2016

Iran lifting of sanctions Iran Air civil aviation

Iran's ageing commercial fleet attracts aircraft makers

Iran is really planning to reset the clock on its civil aviation industry, according to aviation research body CAPA.

Feb 20, 2016

Oil down 4% as U.S. glut overshadows producer talks

A slide in the U.S. equity markets, which have for weeks been trading in tandem with oil, also weighed on crude, traders said.

Feb 20, 2016

India experiencing pronounced economic slowdown: Ambit

India's GDP growth is expected to increase to a five-year high of 7.6% in 2015-2016, according to official estimates.

Feb 19, 2016

Silicon Valley wants 'major expansion' of H1-B visa: Report

It has become difficult for US firms to hire specialised workers ever since US imposed higher fees for H1-B visa.

Feb 19, 2016

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Economy News

Rail Budget 2016: Wagon, coach makers to benefit from Rs 1.25 lakh crore outlay

NTPC shares fall after government announces 5% stake sale

Rupee closes at new 30-month low to 68.61, nears all-time low of 68.85

Prostitution in the garb of spa business is an aberration, says CEO of salon and spa chain YLG

Jat Stir: Railways to refund full amount for cancelled trains

Falling stock markets tend to hit SIP inflows, says Edelweiss AMC CEO

India's $16 billion wage bonanza may force Jaitley to cut capex

India set to seal major power deal in Bangladesh, beating China

Budget 2016: Price Stabilisation Fund may increase by 80% to Rs 900 crore

PIB approves India Post's Rs 800 crore payments bank proposal

ONGC approves Rs 5,050 crore investment in Tripura

Iran's ageing commercial fleet attracts aircraft makers

Oil down 4% as U.S. glut overshadows producer talks

India experiencing pronounced economic slowdown: Ambit

Silicon Valley wants 'major expansion' of H1-B visa: Report

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

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

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