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Economy News

Saudi Arabia working out strategy to face era of cheap oil, cut spending

Low crude prices have pushed state finances deep into deficit. Dec 13, 2015

Japan provides $12 billion soft loan to build India's first bullet train

China is also conducting feasibility studies for high speed trains in parts of India. Dec 13, 2015

Packaged food market to be worth $50 bn by 2017: Assocham

There has been a major shift in food habits in metropolitan cities, the survey said. Dec 13, 2015

Heathrow expansion: Government accused of being gutless over decision delay

The British Chambers of Commerce has branded the government “gutless” over delaying a decision on an expansion to Heathrow airport until summer 2016. Dec 11, 2015

Global airline industry's net profit to rise in 2016: IATA

IATA also revised its industry outlook for 2015 upwards to net profit of $33 billion. Dec 10, 2015

Rupee to trade between 66-68 against US dollar in next 12-18 months: Report

There is, however, one risk to the Indian currency. Dec 10, 2015

Modi govt to fund only 10 cities under Smart City project for this year: Report

The Centre will announce the first list of smart cities on 26 January. Dec 10, 2015

IISc wins $52,900 contract from US military for R&D on solar powered micro-grid

The contract has been awarded by US Pacific Air Forces, Yokota Air Base in Japan. Dec 10, 2015

India bullet train: Japan may clinch deal, announcement likely during Abe's visit

The $14.3 billion project is likely to be financed with a conditional loan of $8 billion from Japan. Dec 9, 2015

Pharma exports hit by shortage of drug inspectors, says Assocham; Dr Reddy's Laboratories plunges to 52-week low

India's pharma exports stood at $13.7 billion in 2014-15. Dec 9, 2015

Modi govt's move to unearth black money a joke: Mohandas Pai

"Black money is not waiting in foreign banks for you to go and get information and do...," he said. Dec 9, 2015

Google's commercial quantum computer is 100 million times faster than a PC

The quantum computer resoundingly beat a conventional computer in a series of tests. Dec 9, 2015

GST Bill: Is Congress unleashing 'vendetta' using National Herald case?

The Congress has dragged Narendra Modi into the National Herald case, saying he is orchestrating it. Dec 9, 2015

Australian computer forensics police raid home of suspected Bitcoin creator

The raids follow Wired magazine outing Craig Steven Wright as perhaps the one who released bitcoin's code in 2009 Dec 9, 2015

India is fourth biggest exporter of illicit capital; China leads, says report

With an average annual outflow of $51.03 billion, India is the fourth biggest exporter of illicit capital. Dec 9, 2015
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