Economy News

Petrol and Diesel Prices Cut By Rs 2; Currency Weakness Erodes Possible Savings

Petrol and diesel prices have been cut by Rs.2, including state taxes for the second time in a fortnight, reflecting crashing crude prices globally

Dec 16, 2014

Jan Dhan Yojana Beneficiaries Face ATM Access Shortage; Cap On Transactions Risks Scheme

The Government's Pradhan Mantri Jan Dhan Yojana (PMJDY) scheme faces a severe shortage of ATMs for the beneficiaries. Cap on ATM transactions hinders adoption.

Dec 15, 2014

India Records Wholesale Price Inflation at Zero; Lowest in 5 Years

For October and November, the Wholesale Price Index (WPI)-based inflation was recorded at 1.77% and 7.52% respectively.

Dec 15, 2014

Shinzo Abe Cruises to Victory in Japan Snap Elections; Abenomics will Prevail

Japanese Prime Minister Shinzo Abe and his LDP cruised to a big win in the snap elections on Sunday.

Dec 15, 2014

Stake Sale in PSUs to Gain Momentum in Next Three Months

The Government of India is engaged in pushing through as many stake sales as possible before the fiscal year ends.

Dec 15, 2014

Economic Output Shrinks for October amid Clamor for Rate Cut

India's industrial output for October suffered a three-year low, even as inflation reduced, bringing back the clamor for a rate cut.

Dec 13, 2014

Alibaba Founder Jack Ma Becomes Asia's Richest Person

Meanwhile, Indian businessman Mukesh Ambani is ranked 32nd on the list

Dec 13, 2014

best-relations-with-neighbours-priority-of-defence-arun-jaitley

Oil Price Crash: What Does a $12 Billion Windfall Mean for Jaitley's Budget?

Finance Minister Arun Jaitley has his work cut out with the crash in oil price by almost half; seeks to balance fiscal deficit better

Dec 13, 2014

Raghuram Rajan speaks during a news conference on the World Economy Outlook in Singapore September 14, 2006.

Rajan seeks 'Make in India' to become 'Primarily for India'

Raghuram Rajan cautioned the government on its Make in India strategy, wants to harness regional and domestic growth given the circumstances.

Dec 13, 2014

Black Money: SIT Traces Rs 14,958 Crore in India, Rs 4,479 Crore in Swiss Banks

The Special Investigation Team (SIT) has recommended amendments to laws to make tax evasion of over Rs.50 lakh a 'predicate offence'

Dec 13, 2014

Lingaa First Day Kerala Reports: Rajinikanth Starrer Opens to Average Response

As per some sources, the film has failed to meet the expectations.

Dec 12, 2014

Tea Exports to Russia a Losing Proposition

Russia, the world's largest importer of tea has come under pressure from the fall in ruble, leading to margins coming under severe pressure for Indian exporters.

Dec 11, 2014

Finance Minister and RBI Governor Raghuram Rajan

RBI Governor Comes Under Pressure from MPs to Cut Rates

MPs cutting across political parties seek to increase pressure on Raghuram Rajan to cut rates to improve credit off-take and spur economic growth

Dec 11, 2014

Rising Demand will Push Indian Economy towards 5-6% Growth in 2015: Moody's

In a report titled 2015 Outlook-Global Credit Conditions, ratings agency Moody's says India is likely to expand 5-6% in 2015.

Dec 10, 2014

Foxconn Swoops Down on Nokia's Chennai Plant; Likely to Make Micromax Phones

Foxconn and Lava said to be eyeing Nokia's Chennai plant and efforts are on to untangle the tax dispute holding the plant hostage.

Dec 10, 2014

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Economy News

Petrol and Diesel Prices Cut By Rs 2; Currency Weakness Erodes Possible Savings

Jan Dhan Yojana Beneficiaries Face ATM Access Shortage; Cap On Transactions Risks Scheme

India Records Wholesale Price Inflation at Zero; Lowest in 5 Years

Shinzo Abe Cruises to Victory in Japan Snap Elections; Abenomics will Prevail

Stake Sale in PSUs to Gain Momentum in Next Three Months

Economic Output Shrinks for October amid Clamor for Rate Cut

Alibaba Founder Jack Ma Becomes Asia's Richest Person

Oil Price Crash: What Does a $12 Billion Windfall Mean for Jaitley's Budget?

Rajan seeks 'Make in India' to become 'Primarily for India'

Black Money: SIT Traces Rs 14,958 Crore in India, Rs 4,479 Crore in Swiss Banks

Lingaa First Day Kerala Reports: Rajinikanth Starrer Opens to Average Response

Tea Exports to Russia a Losing Proposition

RBI Governor Comes Under Pressure from MPs to Cut Rates

Rising Demand will Push Indian Economy towards 5-6% Growth in 2015: Moody's

Foxconn Swoops Down on Nokia's Chennai Plant; Likely to Make Micromax Phones

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