Economy News

Gujarat to set up India's first civil aviation park

The state government hopes to attract domestic and overseas companies to set up manufacturing facilities in the aviation park.

Feb 8, 2016

GDP data to show economy racing, realities less rosy

A change made a year ago to the method GDP is calculated transformed India into one of the fastest growing economies.

Feb 8, 2016

Narendra Modi inaugurates Rs 34,500 crore Paradip oil refinery in Odisha

The refinery is expected to produce 5.6 mtpa of diesel, 1.96 mtpa of kerosene and 3.79 mtpa of petrol.

Feb 7, 2016

Govt likely to meet FY16 fiscal deficit target, says Deutsche Bank

On account of various constraints, the government would stick to a slow pace of fiscal consolidation for FY17.

Feb 7, 2016

Life-saving drugs to become expensive as govt withdraws customs exemption

The move is apparently aimed at protecting domestic pharma industry and boost Make in India initiative.

Feb 7, 2016

India's economic growth likely lost steam at end 2015 - Reuters Poll

Shrinking orders from the United States and Europe and a competitively weaker Chinese yuan contributed to a 14.75 percent plunge in exports in December.

Feb 6, 2016

Birla Corp acquires Rel Infra's cement business in Rs 4,800 crore deal

This deal would enhance Birla Corp's total cement manufacturing capacity to 15 mtpa from 10 mtpa currently.

Feb 5, 2016

Invest Karnataka 2016: Deals worth Rs 1.33 lakh crore signed

Investment deals and MoU's were inked across IT, agriculture, pharma, energy, tourism and infrastructure sectors.

Feb 5, 2016

Indian economy likely grew at 7.2% in December quarter, says analyst

The Indian economy expanded at 7.4 percent in the second quarter, ended September 2015.

Feb 5, 2016

FDI inflows surged 114% in December 2015

Economists attribute the spike in FDI inflows to several initiatives taken by the BJP-led government.

Feb 5, 2016

India ratifies nuclear liability convention, hopes to win foreign investment

Nuclear reactor makers have been reluctant to set up plants in India because a 2010 liability law makes equipment suppliers potentially accountable for accidents.

Feb 5, 2016

BSE, IFC to jointly develop India's first corporate governance scorecard

"The scorecard will result in increased transparency and boost investor confidence," said Ashishkumar Chauhan, MD & CEO, BSE.

Feb 4, 2016

'Sanam Teri Kasam' vs 'Ghayal Once Again' pits Eros against Reliance Entertainment at the box office

"Sanam Teri Kasam" is being distributed by Eros, while Anil Ambani-owned Reliance Entertainment is distributing "Ghayal Once Again".

Feb 4, 2016

IAF requires Rs 6,800 crore to ramp up safety measures at air bases

The audit recommended that smart surveillance systems, advanced intrusion detection system and drones be set up to aid the safety measures.

Feb 4, 2016

OROP implementation to cost govt Rs 7,500 crore per year

The arrears for the period from July 2014 to December 2015 would cost about Rs 10,900 crore.

Feb 3, 2016

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Economy News

Gujarat to set up India's first civil aviation park

GDP data to show economy racing, realities less rosy

Narendra Modi inaugurates Rs 34,500 crore Paradip oil refinery in Odisha

Govt likely to meet FY16 fiscal deficit target, says Deutsche Bank

Life-saving drugs to become expensive as govt withdraws customs exemption

India's economic growth likely lost steam at end 2015 - Reuters Poll

Birla Corp acquires Rel Infra's cement business in Rs 4,800 crore deal

Invest Karnataka 2016: Deals worth Rs 1.33 lakh crore signed

Indian economy likely grew at 7.2% in December quarter, says analyst

FDI inflows surged 114% in December 2015

India ratifies nuclear liability convention, hopes to win foreign investment

BSE, IFC to jointly develop India's first corporate governance scorecard

'Sanam Teri Kasam' vs 'Ghayal Once Again' pits Eros against Reliance Entertainment at the box office

IAF requires Rs 6,800 crore to ramp up safety measures at air bases

OROP implementation to cost govt Rs 7,500 crore per year

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