Economy News

ONGC

ONGC gets environmental nod for Rs 53,000 crore KG basin project

Once completed, the project would result in the production of 51.33 billion cubic meters of gas over a period of 16 years.

Jan 24, 2016

An Indian dry-dock facility

Govt to set up Andamans dry-dock at Rs 1,800 crore

Currently, ships have to sail as far as to Malaysia or Singapore for repairing works.

Jan 24, 2016

LED

Govt says it has slashed LED bulbs prices a further 10%

Ministry of Power says it has achieved a rapid decline in LED bulb prices, making it affordable to the common man.

Jan 24, 2016

Rail budget train

Railways may tap sunshine sectors to boost freight revenue

At the same time, the railways is likely to explore road railers to ensure last mile connectivity.

Jan 24, 2016

Iran Oil Minister

Iran oil minister says proposed OPEC emergency meeting may hurt market

Iran ordered an increase in crude output of 500,000 barrels per day (bpd) last week.

Jan 24, 2016

Rupee

Scope for increasing dividend payout, says proxy advisory firm IiAS

The firm's assertion is based on its study of FY2015 results of 73 companies belonging to S&P BSE 500.

Jan 23, 2016

5/20 rule faces criticism from civil aviation minister Gajapathy Raju

The rule is being opposed as well as supported by Indian air carriers based on commercial considerations.

Jan 23, 2016

Oil pumps

Oil's whiplash above $30: dead cat bounce or double-bottom base?

US oil futures for March CLH6 surged 13.5% on Thursday and Friday.

Jan 23, 2016

the-reserve-bank-of-india

India's forex reserves fall for third week in a row to $347 billion

The RBI said the reserves declined by $1.72 billion for the week ending 15 January, 2016.

Jan 22, 2016

India GDP

India to be fastest growing big economy in 2016: UN

India's economy is projected to grow by 7.3% in 2016 and 7.5% in 2017, says UNESCAP.

Jan 22, 2016

Cybercrime spike could hurt Indian companies: Report

India's quality of security infrastructure is at par with that of the US and Brazil, according to a report released by Cisco.

Jan 22, 2016

Bonus to workers

Employers want Modi government to reconsider contentious bonus payment clause

The retrospective implementation of bonus revision will create accounting implications, they said.

Jan 22, 2016

Piyush Goyal

Power minister Piyush Goyal likely to be moved to finance in cabinet reshuffle: Report

Goyal is already "being groomed" for the new role, said the report.

Jan 22, 2016

Sharp $5.5 billion bailout plan likely to be decided by next weekend

Innovation Network Corporation of Japan is offering to invest $2.6 billion in Sharp.

Jan 22, 2016

Iran asks India to buy crude directly, ignore middlemen

Iran's state-owned National Iranian Oil Company has communicated to Indian refiners about it.

Jan 21, 2016

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