Economy News

OPEC hands a multi-billion dollar bonanza to India

India's crude oil import bill, which was $112.74 billion in 2014-15, could see a drastic fall this year.

Dec 8, 2015

Digital commerce market in India to triple by 2017: Report

The market is expected to triple to a whopping $128 billion in 2017 from $42 billion.

Dec 7, 2015

Nitin Gadkari promotes use of bamboo, has big plans to tap its potential

The calorific value of bamboo stands at 4,000 which reflects a huge potential.

Dec 7, 2015

Fitch says 'stable' India to grow at 7.5% in FY16, 8% in FY17

The rating agency warned India's business environment would remain weak despite improvements.

Dec 7, 2015

CPI(M) general secretary accuses BJP govt of inflating growth rate using 'dubious data'

Sitaram argued that the government's 7.4% growth rate came down to 5.2% when re-calculated on the basis of old points.

Dec 7, 2015

Iran to award $3 bn Farzad gas contract to Indian firms: Report

The Farzad-B field discovered by ONGC Videsh Ltd is estimated to hold initial in-place gas reserves of 12.5 trillion cubic feet.

Dec 7, 2015

Nepal: Indian MNCs facing severe crisis due to blockade

Dabur Nepal is facing hardships due to unavailability of raw materials and high cost of shipping products.

Dec 7, 2015

Economic blockade by Madhesis: Will Modi government resolve stalemate?

The 114-day blockade has caused a lot of problems in Nepal and India.

Dec 7, 2015

China's low-cost carriers add more routes

China, the fastest growing major air travel market, has passenger volume of 392 million.

Dec 7, 2015

China to rank first in electric car sales, surpassing US in 2015

The sale of electric cars is expected to reach 220,000 to 250,000.

Dec 7, 2015

29 feared dead in fire on Azerbaijani firm's oil platform in Caspian Sea

SOCAR said one worker had been killed and 33 rescued, out of the 62 who were on the oil rig.

Dec 6, 2015

India may ban imports of 24-carat gold jewellery to avoid misuse of Asia FTAs

The import duty on the metal was raised to 10 percent in 2013 to curb demand.

Dec 6, 2015

Bank of England approves capital calculation models of 19 insurers

Insurers use their internal models to determine how much capital they hold to meet policyholder commitments.

Dec 6, 2015

Cash surpluses melt away for once mighty oil exporters in the Gulf

Emerging economies are seeing steady balance of payments.

Dec 6, 2015

New runway for Heathrow airport may be approved by British PM Cameron soon

There is a revised 23 billion-pound ($35 billion) plan to give Heathrow a third runway.

Dec 6, 2015

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Economy News

OPEC hands a multi-billion dollar bonanza to India

Digital commerce market in India to triple by 2017: Report

Nitin Gadkari promotes use of bamboo, has big plans to tap its potential

Fitch says 'stable' India to grow at 7.5% in FY16, 8% in FY17

CPI(M) general secretary accuses BJP govt of inflating growth rate using 'dubious data'

Iran to award $3 bn Farzad gas contract to Indian firms: Report

Nepal: Indian MNCs facing severe crisis due to blockade

Economic blockade by Madhesis: Will Modi government resolve stalemate?

China's low-cost carriers add more routes

China to rank first in electric car sales, surpassing US in 2015

29 feared dead in fire on Azerbaijani firm's oil platform in Caspian Sea

India may ban imports of 24-carat gold jewellery to avoid misuse of Asia FTAs

Bank of England approves capital calculation models of 19 insurers

Cash surpluses melt away for once mighty oil exporters in the Gulf

New runway for Heathrow airport may be approved by British PM Cameron soon

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