Economy News

Commuters hang onto a crowded local passenger train in the eastern Indian city of Patna (Reuters file)

Government Hikes Rail Fare by 14.2%

The railway ministry has raised the ticket fare by 14.2 percent and freight charges by 6.5 percent.

Jun 20, 2014

Union Budget 2014-15: 10 Terms Buzzing ahead of Budget Session

With a few weeks to go for the Budget session to begin, certain terms are being popularly used in the run up to the Union Budget.

Jun 20, 2014

Rupee Records 13 Paise Loss, Crude Oil Hits Nine-month High on Iraq Crisis

The Indian Rupee opened lower by 13 paise at 60.21 per dollar at early trade on Friday in Interbank foreign exchange market. Its previous closing value recorded 60.08 a dollar on Thursday. The rupee weakened due to demand for dollars amid rising global crude oil prices.

Jun 20, 2014

Raghuram Rajan, governor of Reserve Bank of India. (Reuters)

Raghuram Rajan Criticizes Srikrishna Committee Recommendations, Opposes Bringing All Regulators into One

Reserve Bank of India (RBI) governor Raghuram Rajan opposed recommendations in the BN Srikrishna Committee report, and termed merging of all regulators into one entity as "schizophrenic".

Jun 19, 2014

Bold Steps in Union Budget 2014-15? Report Suggests so

To control inflation, "bold steps" will be announced by the government in the Union Budget.

Jun 19, 2014

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

Rupee Gains 40 Paise on Federal Optimism

The Indian rupee gained 40 paise at early trade in Interbank Foreign exchange market on Thursday.

Jun 19, 2014

Sensex and Nifty Open High; Nikkei Surges due to Federal Optimism

During the pre-opening session at 9 am, sensex recorded 25,274 points with an increase of 27.75 points. While S&P BSE 100 recorded 7,698.32 points, Mid Cap, Small Cap and BSE 200 too recorded highs.

Jun 19, 2014

Rupee Declines over Iraq Crises Despite Government's Assurance

Iraq Crisis to Cost India ₹20,000 Crore, Situation will test Modi Government

With the Islamic militants' seizure of Iraq's largest oil refinery on Wednesday, the world is set to see a sizeable hike in crude oil prices, and with the Middle East country being our second largest oil supplier in the world, India is set to be badly affected.

Jun 19, 2014

Union Budget: What is on the Finance Minister's Mind?

Union Budget for 2014-15: Arun Jaitley has, through his recent statements and posts, given indications of what the budget will entail and how it will shape up.

Jun 18, 2014

People walk past the BSE building in Mumbai

Sensex and Nifty Open Higher, Tata Steel Gains after Investor's Approval on Raising Borrowing Limit

At 9:15 am on Wednesday, Sensex opened higher at 25,565.19 by 44 points and Nifty too recorded an increase of 10.15 points opening at 7641.85.

Jun 18, 2014

Modi Government Faces Five-Month High Inflation, Jaitley Draws Flak

Arun Jaitley, who blamed the inflationary prices on the poor monsoon and hoarding, came in the line of criticism.

Jun 17, 2014

Rupee Declines over Iraq Crises Despite Government's Assurance

Rupee vs Dollar: The Indian Rupee declined at 60.3525 a dollar by 20 paise on Tuesday at interbank foreign exchange market. It closed at 60.1550 per dollar on Monday.

Jun 17, 2014

Sensex Opens Red; FMCG, Auto and Healthcare Dip

Indian share market opened in red on Tuesday, as conflict in Iraq and a gas dispute between Ukraine and Russia has increased tensions among investors

Jun 17, 2014

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

Rupee Records Decline; Hits Month Low at 60 per Dollar

Indian rupee slumped by 6 paise at 59.82 a dollar at early trade on Monday, against closing value of 59.76 per dollar on Friday at Interbank Foreign Exchange Market due to demand for dollars from oil exporters.

Jun 16, 2014