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Economy News

Arun Jaitley

Arun Jaitley Favours Interest Rate Cut to Trigger Demand in Construction Sector

The Reserve Bank of India has signalled that it will not ease policy until it is confident of lower inflation. Oct 25, 2014
Arvind Subramanian

Modi Appoints Arvind Subramanian as Chief Economic Adviser

Subramanian's appointment inserts a friend of RBI Governor Raghuram Rajan at the heart of policy making. Oct 17, 2014
oil prices

Oil Prices Slump to Four-Year-Low Below $83 a Barrel

Oil fell more than $1 a barrel on Thursday to a four-year low below $83 a barrel as growing concerns over the global economy stretched a four-month rout. Oct 16, 2014
Fitch rating

Indian Economy to Recover in 2 Years, Says Fitch

The large privately-owned banks are best positioned to capitalise on India's recovery, according to Fitch. Oct 16, 2014
WTO

WTO TFA-Bali Deal: India Likely to Curtail its Demands ahead of Geneva Meeting

Though India will persist its demand on food security, it will not press WTO on future welfare schemes' protection. Oct 15, 2014
IndiGo

IndiGo Makes Largest Global Order for 250 Airbus A320neo aircraft

The deal would be worth $25.7 billion at list prices. Oct 15, 2014
petrol

Petrol Price Cut by ₹ 1 a litre as Crude Oil Prices Dip

Petrol per litre will cost ₹66.65 in Delhi, ₹74.46 in Mumbai,₹74.21 in Kolkata and ₹69.59 in Chennai. Oct 15, 2014
Poultry

WTO Overturns India's Ban on US Poultry

India had claimed its import restrictions, imposed in 2007, were justified by international rules on animal health. Oct 15, 2014
Reliance Oil

New Price War in Oil Market Could See Prices Free-Falling for a While

The free fall of oil prices is, of course, good news for India. Oct 14, 2014
Street side vegetable vendor

Cheaper Food Pushes Retail Inflation to Record Low of 6.46% in Sept

The inflation came down to record low even before the RBI set target to achieve CPI inflation at 6% by 2016. Oct 14, 2014
Stock Market Crash

Coming Stock Market Crash: Why World's Central Banks Can't Prevent it

Commodity prices, especially energy, are breaking multi-year lows due to fears of a steeper than expected global slowdown. Oct 14, 2014
Rupee

Rupee Hits Three-Weeks High of 60.90 after Record Low Retail Inflation

The rupee-dollar pair will move in 60.90 to 61.20 range. Oct 14, 2014
Gold

Gold Price Touches One-Month High with Drop in Dollar, Stocks

A sell-off in the stock markets saw gold-backed exchange-traded funds attracting investors for the first time in a month after heavy outflows. Oct 14, 2014
Oil and Gas

Indian Basket's Crude Price Drops Under $90/Barrel

This is possibly the first time that retail prices in India are higher than global rates. Oct 13, 2014
Amazon Diwali Dhamaka Week: Top Smartphone Offer Details

Top 5 Websites to Watch Out for Diwali Sale in India

Several popular websites have come up with the best offers for this festive season Oct 11, 2014
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