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Economy News

Manufacturing activity contracts in India, US, China in December; expands in Eurozone

China, India and the US, in addition to Singapore, are witnessing a slump in manufacturing consistently. Jan 5, 2016

Nitin Gadkari announces road projects worth Rs 41,000 crore for Telangana

The projects include construction of two express highways that would connect the state with Karnataka and Andhra Pradesh. Jan 5, 2016

TCS still intent on buying Perot Systems: Reports

Dell had bought Perot Systems, which provides IT consulting to hospitals and government agencies, in 2009. Jan 5, 2016

Goldman Sachs invests $66 million for minority stake in Indian hotel firm Samhi

A gradual recovery in Asia's third-largest economy is boosting demand for hotel rooms. Jan 5, 2016

Spectrum price recommendation by mid-January, says TRAI

TRAI has initiated the process to firm up reserve prices for spectrum bands that provide 2G, 3G and 4G telecom services. Jan 4, 2016

India's manufacturing PMI at 28-month low of 49.1 in December 2015

A reading below 50 implies contraction. Jan 4, 2016

TRAI asks telecom operators to compensate subscribers for call drops

Telecom companies have said they will wait for Delhi High Court order before paying the compensation. Jan 4, 2016

IRB Infrastructure bags Zojila tunnel project in a Rs 10,050-crore deal

The Zojila tunnel will have great socio-economic importance for the people of Jammu & Kashmir. Jan 4, 2016

Dollar hovers near two-week high in first trading session of 2016

The dollar has eased steadily against the yen over the past few sessions. Jan 4, 2016

Strengthening rupee swells India's foreign reserves: Experts

Foreign exchange reserves stood at $352.04 billion for the week ended 25 December. Jan 2, 2016

Pathankot terror attack bound to derail Indo-Pak peace process, trade talks

The visits of PM Narendra Modi and Indian Foreign Minister Sushma Swaraj could prove to be futile. Jan 2, 2016

Railways may introduce 'safety cess' to raise funds for NRSF: Report

A proposal to set up a safety fund comes in the wake of rising number of accidents on its network. Jan 2, 2016

Highest quantity of pulses seized in raids in Maharashtra, Karnataka

The seizures in these two states accounted for almost 86% of the total quantity seized. Jan 1, 2016

Suresh Prabhu seeks Rs 32,000 crore grant to implement salary hikes for Railway employees

Railways will need additional fund of about Rs 28,450 crore annually to implement salary hikes. Jan 1, 2016

Indian Oil hikes price of non-subsidised LPG cylinder by Rs 50

The new rate will be applicable from 1 January, 2016. Jan 1, 2016
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