Economy News

Brazil govt to sue Samarco for $5.24 billion in damages for dam burst

Samarco is a joint venture between the world's largest mining company, BHP Billiton Ltd, and Vale SA.

Nov 29, 2015

Rationalisation of tax exemptions, rebates to reduce litigation, says Jaitley deputy

Minister of State for Finance Jayant Sinha also said the government would soon launch a Start Up India programme

Nov 28, 2015

Strengthening dollar dents India's forex kitty by $149.7 million

The foreign exchange reserves stood at $352.36 billion for the week ended 20 November.

Nov 28, 2015

OPEC officials question upbeat forecast ahead of oil ministers' gathering

A year ago, OPEC made its historic decision to refuse to prop up prices by cutting supply

Nov 28, 2015

Gates to launch multi-billion dollar Clean Tech Initiative with heads of state

Gates and a group of developing and developed countries will launch the Clean Tech Initiative in Paris on Monday.

Nov 28, 2015

Govt planning $1 billion private equity fund for renewable energy sector: Piyush Goyal

The New and Renewable Energy Ministry is trying to get $2 billion from the World Bank and Asian Development Bank.

Nov 28, 2015

Meghalaya: Once successful, strawberry crops now failing due to climate change

The state is the third largest producer of strawberries in India.

Nov 28, 2015

Saudi Arabia: Bad PR effort fuels riyal devaluation rumours

Bankers said that capital city Riyadh has the available tools to protect the country as low oil prices push the current account.

Nov 27, 2015

High-level panel soon to tackle banks' bad loans, says official

NPAs is a matter of concern and the government is vigilant in this regard, he added.

Nov 27, 2015

WTO talks deadlocked as ministers prepare to meet in December

The ministers are scheduled to meet in Nairobi on 15 December and disagree on a worldwide package of trade reforms.

Nov 27, 2015

India to have more than 500 million mobile subscribers by 2015 end: Report

Another 250 million subscribers would be added by 2020.

Nov 27, 2015

RBI to hold rates steady, growth to be 7.3% in Sept quarter: poll

All 45 economists surveyed expected the RBI to stand pat at its policy review on Tuesday.

Nov 27, 2015

HSBC planning to shut down private banking business in India

Yet another exit by a foreign bank from the cut-throat wealth management business in Asia's third-largest economy.

Nov 27, 2015

E-commerce: Number of Indians who buy from global online retailers to soar

Cross-border trade has been predicted to grow; high customs duty and delivery shipping costs are key deterrents.

Nov 27, 2015

Government facing difficulties convincing Indians inflation will stay low

Convincing Indians that the central bank can keep inflation low is proving difficult.

Nov 27, 2015

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Economy News

Brazil govt to sue Samarco for $5.24 billion in damages for dam burst

Rationalisation of tax exemptions, rebates to reduce litigation, says Jaitley deputy

Strengthening dollar dents India's forex kitty by $149.7 million

OPEC officials question upbeat forecast ahead of oil ministers' gathering

Gates to launch multi-billion dollar Clean Tech Initiative with heads of state

Govt planning $1 billion private equity fund for renewable energy sector: Piyush Goyal

Meghalaya: Once successful, strawberry crops now failing due to climate change

Saudi Arabia: Bad PR effort fuels riyal devaluation rumours

High-level panel soon to tackle banks' bad loans, says official

WTO talks deadlocked as ministers prepare to meet in December

India to have more than 500 million mobile subscribers by 2015 end: Report

RBI to hold rates steady, growth to be 7.3% in Sept quarter: poll

HSBC planning to shut down private banking business in India

E-commerce: Number of Indians who buy from global online retailers to soar

Government facing difficulties convincing Indians inflation will stay low

Time for India to follow suit? France, Germany, Netherlands, US banned use of EVMs [here's why]

Dhanush's Captain Miller has no buyers in Telugu states? Here's why

Deepika Padukone is a sight to behold in velvet gown; attends Academy Museum Gala with Selena Gomez, Dua Lip [see pics]

Is exhibiting cleavage mandatory? Malaika Arora opts for low neck sleeveless outfit at event in Vrindavan, leaves netizens furious

'She is cruel…': Ankita Lokhande CRIES after fight with Mannara, tells Vicky she wants to go home; fans react