Economy News

Pranab Mukherjee Dimisses S&P's Warning; Assures Strong Turnaround in Economic Growth

India's Finance Minister Pranab Mukherjee on Monday voiced assurance that the government is working towards a turnaround in the sputtering GDP growth, following a warning that that the nation may lose its investment-grade status as an economic powerhouse.

Jun 12, 2012

India's Economic Growth Will Slowdown to 6.7%, says United Nations

India's growth story sees no sign of significant revival, with the United Nations on Thursday forecasting the nation's economic growth at 6.7 percent for 2012.

Jun 8, 2012

India Ranks Third in World Realty Price Rise; Global House Price Index Stung By Europe Woes

India has bagged third position among 53 countries where realty prices are high, with the nation witnessing a 12 percent surge in property prices during the first quarter of the year

Jun 6, 2012

Petrol Prices Slashed by Rs 2.02, Another Reduction Likely in Delhi Soon

Petrol prices have been slashed by Rs 2.02 with effect from Saturday midnight following a fall in international crude prices, according to oil companies and government officials.

Jun 3, 2012

Petrol Price Rollback: Oil Retailers to Cut Petrol Price by Rs 2 Per Litre

State oil retailers - Indian Oil Corp, Bharat Petroleum Corp and Hindustan Petroleum Corp have agreed to rollback petrol price by Rs 2 per litre following public outcry over its decision to hike petrol price.

Jun 2, 2012

India Adopts Austerity Plan; Analysts Say Measures Won't Impact Unproductive Expenditures

Prompted by the growing fiscal deficit, the Indian government on Thursday announced several austerity measures in an attempt to curtail unproductive expenditures for the current fiscal.

Jun 1, 2012

Mumbai MHADA 2012 Lottery Results Out; Over 11K Application Forms Rejected

In a bizarre first of its kind move, the Maharashtra Housing and Area Development Authority (MHADA) has rejected 11,179 application forms for 2,593 flats which are supposed to be sold today by lottery.

May 31, 2012

Bharat Bandh Halts Normal Life, Violence In Various Parts of the Country, Schools and Colleges Declare Holiday

The Bharat Bandh called by the BJP-led National Democratic Alliance (NDA), the Shiv Sena, the Republican Party of India (RPI) and other political parties has halted the normal life across the country on Thursday.

May 31, 2012

Morgan Stanley Downgrades India's Telecom Sector; Reliance Communications, Idea Shares Fall

India's telecom industry suffered a blow on Tuesday, with Global firm Morgan Stanley downgrading its outlook on two of the nations' telecom companies.

May 29, 2012

Moody's Positive on India's Ratings Despite Depreciating Rupee

Rating agency Moody's has said that India's sovereign ratings will remain intact despite the depreciating rupee.

May 28, 2012

No Hike In Diesel, LPG, Kerosene Rates; Diesel Car Prices May Shoot Up

Oil Minister Jaipal Reddy said on Monday that the rates for diesel, domestic LPG and kerosene will remain the same and that the government is not considering a revision of fuel rates for the time being

May 28, 2012

Goldman Sachs, Bank of America Downgrade India's Growth Outlook

India's growth story comes crashing with Goldman Sachs and Bank of America-Merrill Lynch being the latest global firms to downgrade economic forecasts for the country on Friday.

May 25, 2012

Petrol Price Hike To Severe Public Health Risk, Favours the Rich: CSE

Amidst criticism and protest from various political parties and the public over the hike of petrol price by over seven rupees, Centre for Science and Environment (CSE) has come down heavily on the government, saying that the hike favours the rich and will severe public health.

May 25, 2012

India Warns of Potential Ban on EU Airlines over Carbon Tax Dispute

European airlines may risk an embargo from India's airspace, should Brussels impose sanctions on Indian carriers over carbon emissions. Brussels is facing the heat from several nations, including China, Russia, over an EU carbon emissions trading scheme that called for charging airlines over pollution. Civil aviation minister Ajit Singh hinted the possibility of a ban on EU carriers in an interview.

May 25, 2012

Congress Against Petrol Price Hike; Govt Considers Partial Rollback: Sources

The latest media reports suggested that the government is contemplating a partial rollback in the recent steep petrol price hike. According to the sources the government might slash about Rs 2 to 2.50 per litre, while the Congress party is demanding to scale down about Rs 3 to 5 in the latest hike.

May 24, 2012

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Economy News

Pranab Mukherjee Dimisses S&P's Warning; Assures Strong Turnaround in Economic Growth

India's Economic Growth Will Slowdown to 6.7%, says United Nations

India Ranks Third in World Realty Price Rise; Global House Price Index Stung By Europe Woes

Petrol Prices Slashed by Rs 2.02, Another Reduction Likely in Delhi Soon

Petrol Price Rollback: Oil Retailers to Cut Petrol Price by Rs 2 Per Litre

India Adopts Austerity Plan; Analysts Say Measures Won't Impact Unproductive Expenditures

Mumbai MHADA 2012 Lottery Results Out; Over 11K Application Forms Rejected

Bharat Bandh Halts Normal Life, Violence In Various Parts of the Country, Schools and Colleges Declare Holiday

Morgan Stanley Downgrades India's Telecom Sector; Reliance Communications, Idea Shares Fall

Moody's Positive on India's Ratings Despite Depreciating Rupee

No Hike In Diesel, LPG, Kerosene Rates; Diesel Car Prices May Shoot Up

Goldman Sachs, Bank of America Downgrade India's Growth Outlook

Petrol Price Hike To Severe Public Health Risk, Favours the Rich: CSE

India Warns of Potential Ban on EU Airlines over Carbon Tax Dispute

Congress Against Petrol Price Hike; Govt Considers Partial Rollback: Sources

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