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Economy News

Forbes' 30 under 30: 45 Indians make it to the prestigious list

Six hundred men and women from various sectors are selected every year. Jan 6, 2016

US Justice department sues Volkswagen for $48 billion for violating environmental laws

The civil lawsuit, announced on Monday, reflects the growing number of allegations against VW Jan 6, 2016

Oil prices fall towards 11-year low, ignoring tensions in Middle East

Brent crude prices LCOc1 fell 80 cents to settle at $36.42 a barrel. Jan 6, 2016

Prime Minister Narendra Modi meets oil experts to explore fresh investments

PM Modi met BP's Bob Dudley, IEA's Fatih Birol and Royal Dutch Shell's Harry Brekelmans on Tuesday. Jan 5, 2016

Railways to invite bids for modernising 400 stations, says finance minister Arun Jaitley

The minister also said state-run ports sector needs to be overhauled and moved towards privatisation. Jan 5, 2016

Budget 2016: Govt may raise fiscal deficit targets to boost demand

A proposal to postpone the target of achieving 3% fiscal deficit in 2017/2018 by one year is also under consideration. Jan 5, 2016

Supreme Court slams Mahindra, Toyota, Mercedez for seeking change in order banning diesel cars

"Do your cars emit oxygen," Chief Justice T S Thakur asked Toyota, Mahindra and Mercedez-Benz. Jan 5, 2016

Manufacturing activity contracts in India, US, China in December; expands in Eurozone

China, India and the US, in addition to Singapore, are witnessing a slump in manufacturing consistently. Jan 5, 2016

Nitin Gadkari announces road projects worth Rs 41,000 crore for Telangana

The projects include construction of two express highways that would connect the state with Karnataka and Andhra Pradesh. Jan 5, 2016

TCS still intent on buying Perot Systems: Reports

Dell had bought Perot Systems, which provides IT consulting to hospitals and government agencies, in 2009. Jan 5, 2016

Goldman Sachs invests $66 million for minority stake in Indian hotel firm Samhi

A gradual recovery in Asia's third-largest economy is boosting demand for hotel rooms. Jan 5, 2016

Spectrum price recommendation by mid-January, says TRAI

TRAI has initiated the process to firm up reserve prices for spectrum bands that provide 2G, 3G and 4G telecom services. Jan 4, 2016

India's manufacturing PMI at 28-month low of 49.1 in December 2015

A reading below 50 implies contraction. Jan 4, 2016

TRAI asks telecom operators to compensate subscribers for call drops

Telecom companies have said they will wait for Delhi High Court order before paying the compensation. Jan 4, 2016

IRB Infrastructure bags Zojila tunnel project in a Rs 10,050-crore deal

The Zojila tunnel will have great socio-economic importance for the people of Jammu & Kashmir. Jan 4, 2016
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