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Economy News

Reliance Oil

Growth Slows Less than Feared, Easing Pressure for Rate Cut

The economic growth has slowed to 5.3% in September quarter from a 2-1/2 year high of 5.7 percent. Nov 29, 2014
Gold

India Eases Gold Import Rule in Surprise Move

In a move which could cut down smuggling, India scraps a rule mandating traders to export 20 percent of all gold imported into the country Nov 29, 2014
Walmart protests

Walmart Employees Prepare for Protests on Black Friday

With just hours to go for America's biggest shopping event, Walmart employees and their supporters are preparing to stage one of the biggest protests on Black Friday. Nov 28, 2014
Black Friday

Shop after Black Friday To get Best Deals on Laptops, TVs and Video Games

According to a latest price analysis by PriceStats, the best deals for TVs, laptops, cameras and even video games hit the stores only a day or two after Black Friday. Nov 28, 2014
Eid-al-Fitr

India Gets New Islamic Equity Fund but Debt Market Still Off-limits

India's 175 million Muslims, the largest Muslim minority population in the world, are unable to use Islamic banks because of laws requiring banks to charge interest, which is forbidden in Islam Nov 28, 2014
OPEC

OPEC Decides Against Oil Output Cut; Sends Prices Tumbling

Saudi Arabia uses its clout to maintain OPEC oil output resulting in prices going down further, targets US shale. Nov 28, 2014
Arun Jaitley

India Moving Towards Tax-Friendly Regime; Black Money Laws Need to be Changed, says Arun Jaitley

Finance Minister Arun Jaitley stresses on rectifying India's reputation which has taken a beating over the years Nov 28, 2014
Black Friday deals for real estate

Black Friday Deals: Best US Cities To Buy Homes During the Holiday Season

Black Friday, the day after Thanksgiving officially marks the beginning of the festive season and the holiday shopping season and if you thought the massive deals were limited to consumer goods then think again, even houses come at a discount. Nov 27, 2014
China Flag

China's Growth Model Outdated; Will Current Reforms Save the Economy?

Experts say China's development model is "obsolete" and needs to be replaced "immediately". Nov 27, 2014
Growth

GDP Growth to Slow to 5.1%, but no Rate Cut Yet

Consumer inflation slowed to 5.52 percent in October, its lowest reading on record, and despite Mumbai's soaring stock market there are no signs of economic growth picking up Nov 27, 2014
oil prices

OPEC Likely To Agree on Production Cuts, But Will it Really Work?

OPEC is poised to meet on Thursday in Vienna, Austria, to decide on an oil supply ceiling or a production cut. Nov 26, 2014
Jack Ma

Alibaba Founder Jack Ma Says he is Inspired by Modi's Speech

Ma says he is in favour of more business ties between India and China; and hopeful of more Indian vendors selling products to Chinese users via Alibaba Nov 26, 2014
Pills

India too Dependent on China for Drug Ingredients: NSA

National Security Adviser (NSA) Ajit Doval says India's overdependence on China for sourcing raw material for drugs is not an ideal situation Nov 26, 2014
Rajan

RBI Under Rate Cut Pressure as Growth Slips Back

India's economic growth probably slowed to around 5 percent in the three months to September, slipping from 5.7 percent in the previous quarter Nov 25, 2014
Anton Siluanov

Russia Could Scale Back on Oil Production Ahead of OPEC Meet

Russia mulls limiting its annual oil production to 525 million tons due to falling prices and western sanctions. Nov 25, 2014
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