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Economy News

PM Modi: Terror threat and security issues to be discussed at East Asia Summit

Apart from security threats the visits to Malaysia and Singapore are aimed at improving economic and security cooperation. Nov 20, 2015

Chinese yuan may enter IMF special basket with lower weightage

Last set in 2010, the basket is currently 41.9% dollar, 37.4% euro, 11.3% sterling and 9.4% yen. Nov 20, 2015

Jack Dorsey's Square spurts in market debut, gains 45%

The shares jumped to $14.78 in early trading on Thursday, and closed at $13.07, booking a 45% gain. Nov 20, 2015

7th pay panel recommendations to rev up car, home sales

The Commission recommended a massive 139% hike in house rent allowance (HRA) for the employees Nov 20, 2015

India becomes hotbed of investment from Japanese households

Japanese retail investors, chasing higher yields and resilient assets, will provide Indian corporates source of capital. Nov 20, 2015

Oil traders brace for fall in prices as warm winter expected

Crude futures have already lost around 60% of their value since mid-2014. Nov 20, 2015

7th Pay Commission report submitted: 23.5% overall hike; OROP for govt staff, armed forces

The 7th Pay Commission report will be implemented from 1 January 2016. Nov 19, 2015

Modi govt's gold deposit scheme not shining, attracts just 400 grams

Insufficient number of gold-testing centres preventing scheme from taking off, says industry official. Nov 19, 2015

Indian agrochem sector business to touch $7.5 billion by 2018-19

Farmers using agrochemicals are not adequately informed about use and impact. Nov 19, 2015

PM Modi, Google CEO Sundar Pichai among contenders for 'Time Person of the Year 2015'

Modi has already secured 1.3% of the votes in the current poll. Nov 19, 2015

Businesses cannot reject new 100-yuan note, warns Chinese central bank

Many businesses refused it because money-scanning machines cannot identify the latest counterfeit features. Nov 19, 2015

China to buy two dozen Sukhoi-35 fighter jets from Russia in $2 billion deal

Rostec confirmed a deal between the two countries had been signed involving Su-35 fighter jets. Nov 19, 2015

Cabinet approves sale of 10% stake in Coal India, seeks $3 billion

India has raised just about $2 billion or less than 20% of its disinvestment target, so far this year. Nov 19, 2015

Great Britain: All coal-fired power stations to shut down by 2025

Climate Change Secretary Amber Rudd said new gas-fired power stations will be a priority. Nov 19, 2015

Central government approves Rs 3,231-cr housing project for urban poor

Under the components, Central assistance of Rs 1.50 lakh per house will be provided. Nov 19, 2015
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