Economy News

DGCA Says Kingfisher Airlines Unsafe to Fly, Should Shut Down

The Directorate General of Civil Aviation (DGCA), the regulatory body for the aviation industry, has said that cash-strapped Kingfisher Airlines is unsafe to fly and should be wound up.

Jan 5, 2012

RBI's Reference Rate for Dollar Today (Jan 5, 2012)

The Reserve Bank of India (RBI) on Thursday fixed the reference rate for the US dollar at 52.7810 rupees and the euro 68.1905 rupees.

Jan 5, 2012

cargo-terminal-of-the-indira-gandhi-international-airport

Fire at Delhi Airport, Offices Damaged

A fire broke out in the cargo handling section of the Indira Gandhi International Airport (IGIA), in New Delhi, early on Thursday morning.

Jan 5, 2012

India-Saudi Arabia Bilateral Talks: Trade Touches US$ 25,612.46 Million Says Govt.

Bilateral talks between the Indian Union Minister for Commerce, Industry & Textiles, Anand Sharma, and the Saudi Arabian Minister of Commerce & Industry, Tawfiq Bin Fawzan Al-Rabiah, were held in New Delhi, on Wednesday.

Jan 4, 2012

RBI's Reference Rate for Dollar Today

The Reserve Bank of India (RBI) on Wednesday fixed the reference rate for the US dollar at 53.1400 rupees and the euro 69.2485 rupees.

Jan 4, 2012

Aakash Tablet Defies Slow Economic Growth

India's economic growth may be slow but the demand for Aakash tablet, the world's cheapest tablet produced by DataWind, is incredible. The bookings of the tablet, which costs only Rs.2500, have touched 14 lakhs in just two weeks after it was put up for sale online.

Jan 3, 2012

RBI's Reference Rate for Dollar Today

The Reserve Bank of India (RBI) on Tuesday fixed the reference rate for the US dollar at 53.2288 rupees and the euro 69.1265 rupees.

Jan 3, 2012

RBI's Reference Rate for Dollar Today

The Reserve Bank of India Monday fixed the reference rate for the U.S. dollar at 53.2975 rupees and the euro 68.9095 rupees.

Jan 2, 2012

Goodbye 2011: The Year That Was [PHOTOS]

2011 was an eventful year. Lots of things happened in India this year - from politics to civil society to sports to disasters and lot more. IBTimes takes you back to the major events that took place this year. Check out!

Dec 31, 2011

6 Killed as Cyclone Thane Inflicts Havoc in Tamil Nadu, Puducherry

Six persons were killed as cyclonic storm "Thane" crossed the Tamil Nadu coast Friday, it has been reported.

Dec 30, 2011

RBI's Reference Rate for Dollar Today

The Reserve Bank of India (RBI) on Friday fixed the reference rate for the US dollar at 53.2660 rupees and the euro 68.9005 rupees.

Dec 30, 2011

RBI's Reference Rate for Dollar Today

The Reserve Bank of India (RBI) on Thursday fixed the reference rate for the US dollar at 53.3585 rupees and the euro 68.9881 rupees.

Dec 29, 2011

the-prime-minister-of-japan-yoshihiko-noda-indo-japan

India, Japan Target $25 Billion Trade by 2014

Union Minister for Commerce, Industry and Textiles Anand Sharma has expressed hope that the bilateral trade between India and Japan will touch $25 billion by 2014.

Dec 29, 2011