Economy News

Indian Oil to invest $600 million to upgrade Paradip refinery in Odisha

Paradip refinery is IOC's most advanced plant that can process the dirtiest crude oil available at a cheaper rate.

Jan 11, 2016

FCI eyes Rs 10,400 crore from surplus wheat sale in open market

The average wheat selling price has been slightly higher than the price last year.

Jan 10, 2016

Govt planning to install 2,500 Wi-Fi hotspots by 2017: Telecom Minister

"Today mobile penetration is 100 crore, while internet penetration is 40 crore," said the Telecom Minister.

Jan 10, 2016

India will save $6 billion annually after switching to LED bulbs by 2018: Piyush Goyal

The minister of state for power said that the move will result in saving 100 billion units of electricity.

Jan 10, 2016

Sri Lanka cancels plan of purchasing JF-17 fighter jets from Pakistan

India had objected to the $400-million defence deal citing negative technical assessment as a reason.

Jan 10, 2016

Q3 results, budgetary expectations, macro-data points to drive markets: Observers

The upcoming Q3 earning results will start rolling out from 12 January.

Jan 10, 2016

Excise duty on petrol, diesel prices to be hiked again before March: Report

The government has already increased excise duty on petrol and diesel thrice in the past two months.

Jan 9, 2016

State governments keen on wooing investments, says Arun Jaitley

He said that governments are realising the need for economic development to address poverty.

Jan 8, 2016

Govt should relax fiscal deficit target to 3.9% in Budget 2016: BofA-ML

BofA-ML said the deficit gap is "well below" the medium term average of 4.8% since FY2000.

Jan 8, 2016

Foreign tourist arrivals up but earnings down in December

Arrivals increased by 3.2% but earnings declined by 3.39%.

Jan 8, 2016

Need to avoid beggar-thy-neighbour policies, says RBI governor Raghuram Rajan

"The current non-system is pushing the world toward competitive monetary easing, to no one's ultimate benefit," he said.

Jan 8, 2016

L&T to partner with Russia in a Rs 5,000 crore defence deal

The aim of the upgrade and refit program is to increase the life of the submarine.

Jan 8, 2016

China goes for $23.13 billion infra push to beat slowdown

The Chinese authorities had resorted to similar activity-boosting measures during the financial crisis of 2008-09.

Jan 8, 2016

Pay Commission, lending rate cut, FCNR rollover hold key to FY2017 growth: Report

The Bank of America-Merrill Lynch note also highlights three pre-conditions to achieving 7.7% growth rate.

Jan 8, 2016

India's exports to fall 13% to $270 billion in FY2016

India's merchandise exports stood at $309.6 billion last financial year, down from $314.4 billion in 2013-14.

Jan 8, 2016

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Economy News

Indian Oil to invest $600 million to upgrade Paradip refinery in Odisha

FCI eyes Rs 10,400 crore from surplus wheat sale in open market

Govt planning to install 2,500 Wi-Fi hotspots by 2017: Telecom Minister

India will save $6 billion annually after switching to LED bulbs by 2018: Piyush Goyal

Sri Lanka cancels plan of purchasing JF-17 fighter jets from Pakistan

Q3 results, budgetary expectations, macro-data points to drive markets: Observers

Excise duty on petrol, diesel prices to be hiked again before March: Report

State governments keen on wooing investments, says Arun Jaitley

Govt should relax fiscal deficit target to 3.9% in Budget 2016: BofA-ML

Foreign tourist arrivals up but earnings down in December

Need to avoid beggar-thy-neighbour policies, says RBI governor Raghuram Rajan

L&T to partner with Russia in a Rs 5,000 crore defence deal

China goes for $23.13 billion infra push to beat slowdown

Pay Commission, lending rate cut, FCNR rollover hold key to FY2017 growth: Report

India's exports to fall 13% to $270 billion in FY2016

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