Economy News

Tea Exports to Russia a Losing Proposition

Russia, the world's largest importer of tea has come under pressure from the fall in ruble, leading to margins coming under severe pressure for Indian exporters.

Dec 11, 2014

Finance Minister and RBI Governor Raghuram Rajan

RBI Governor Comes Under Pressure from MPs to Cut Rates

MPs cutting across political parties seek to increase pressure on Raghuram Rajan to cut rates to improve credit off-take and spur economic growth

Dec 11, 2014

Rising Demand will Push Indian Economy towards 5-6% Growth in 2015: Moody's

In a report titled 2015 Outlook-Global Credit Conditions, ratings agency Moody's says India is likely to expand 5-6% in 2015.

Dec 10, 2014

Foxconn Swoops Down on Nokia's Chennai Plant; Likely to Make Micromax Phones

Foxconn and Lava said to be eyeing Nokia's Chennai plant and efforts are on to untangle the tax dispute holding the plant hostage.

Dec 10, 2014

First-Time Home Buyers Can Now Avail Loans With 3% Down Payment

Buying a home just got easier for potential first timers. Fannie Mae and Freddie Mac, the two mortgage lending giants announced on Monday that they will be backing mortgages with just 3% down payment.

Dec 9, 2014

Gold Trades Higher; International Rate Holds Above $1,200

Gold managed to trade above $1,200 per ounce in the face of continued strength by the US$ and oil price dropping below $66 per barrel. ₹

Dec 9, 2014

US Wrongly Penalised India on Steel Duties, WTO Says in Landmark Verdict

An appeals court of the WTO says US wrongly penalised India for subsidising Tata Steel's export of its manufactured products

Dec 9, 2014

Higher Gold Imports Widen CAD to $10.1 bn in Q2; Rupee to Remain Stable in 2015

India's CAD had widens due to rise in gold imports driven by falling gold imports and relexation in import norms. Lower oil import bill and higher capital inflows to provide comfort, keeping the rupee stable.

Dec 9, 2014

Gold sellers announced special discounts for Dhanteras 2014.

Gold Prices Fall for 3rd Straight Day On Poor Demand, Global Cues

Gold, silver prices continue to fall in India, reflecting global sentiments.

Dec 8, 2014

India to Grow Fastest in 'Dollar Nominal Growth' Globally in 2015, Says Credit Suisse

The Swiss bank says that indicators point to India emerging the fastest growing economy in USD nominal growth terms.

Dec 8, 2014

BP to Lay Off Hundreds of Workers to Cut Costs and Cope With Tumbling Oil Prices

BP will cut several jobs globally, including those in its London, Aberdeen and Sunbury offices on mounting costs and plummeting oil prices.

Dec 8, 2014

Maldives Water Crisis: Business Takes Hit as Water Shortage Enters Fourth Day

Business in Maldives, the honeymoon islands, is hard hit as the water crisis entered its fourth day on Monday.

Dec 8, 2014

Centre Clears Long Pending Defence Proposals, Indigenous Companies allowed Foreign Partners For Tech Transfer

Many proposals for local production and import of defence equipment see light of day after years of wait.

Dec 6, 2014

White Label ATM Operators can Serve International Customers, Says RBI

RBI allows white label ATMs to offer services to holders of international debit, credit and prepaid cards and these ATMs are free to choose any bank to partner with.

Dec 6, 2014

2015 US Housing Market Outlook: Steady Economic Recovery to Fuel Real Estate Growth

The U.S. housing market is expected to grow significantly in 2015 as the economy adds more jobs and wage improve for most households.

Dec 6, 2014

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Economy News

Tea Exports to Russia a Losing Proposition

RBI Governor Comes Under Pressure from MPs to Cut Rates

Rising Demand will Push Indian Economy towards 5-6% Growth in 2015: Moody's

Foxconn Swoops Down on Nokia's Chennai Plant; Likely to Make Micromax Phones

First-Time Home Buyers Can Now Avail Loans With 3% Down Payment

Gold Trades Higher; International Rate Holds Above $1,200

US Wrongly Penalised India on Steel Duties, WTO Says in Landmark Verdict

Higher Gold Imports Widen CAD to $10.1 bn in Q2; Rupee to Remain Stable in 2015

Gold Prices Fall for 3rd Straight Day On Poor Demand, Global Cues

India to Grow Fastest in 'Dollar Nominal Growth' Globally in 2015, Says Credit Suisse

BP to Lay Off Hundreds of Workers to Cut Costs and Cope With Tumbling Oil Prices

Maldives Water Crisis: Business Takes Hit as Water Shortage Enters Fourth Day

Centre Clears Long Pending Defence Proposals, Indigenous Companies allowed Foreign Partners For Tech Transfer

White Label ATM Operators can Serve International Customers, Says RBI

2015 US Housing Market Outlook: Steady Economic Recovery to Fuel Real Estate Growth

TTA Mega Convention 2022 date, registration, guest list and schedule: Everything to know about event

Sudeep's Vikrant Rona Gets Bigger and Better; Collaborates with Salman Khan

Sarkaru Vaari Paata Box Office Collection: Here's How Much Mahesh Babu's film Earned in 1st Weekend

Biryani originated in India, not Middle East; history of royal delicacy [read now]

Fire erupts in Trikuta forest range in Reasi; chopper services to Mata Vaishno Devi suspended [details]