Economy News

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

First-Time Home Buyers Can Now Avail Loans With 3% Down Payment

Buying a home just got easier for potential first timers. Fannie Mae and Freddie Mac, the two mortgage lending giants announced on Monday that they will be backing mortgages with just 3% down payment.

Dec 9, 2014

Gold Trades Higher; International Rate Holds Above $1,200

Gold managed to trade above $1,200 per ounce in the face of continued strength by the US$ and oil price dropping below $66 per barrel. ₹

Dec 9, 2014

US Wrongly Penalised India on Steel Duties, WTO Says in Landmark Verdict

An appeals court of the WTO says US wrongly penalised India for subsidising Tata Steel's export of its manufactured products

Dec 9, 2014

Higher Gold Imports Widen CAD to $10.1 bn in Q2; Rupee to Remain Stable in 2015

India's CAD had widens due to rise in gold imports driven by falling gold imports and relexation in import norms. Lower oil import bill and higher capital inflows to provide comfort, keeping the rupee stable.

Dec 9, 2014

Gold sellers announced special discounts for Dhanteras 2014.

Gold Prices Fall for 3rd Straight Day On Poor Demand, Global Cues

Gold, silver prices continue to fall in India, reflecting global sentiments.

Dec 8, 2014

India to Grow Fastest in 'Dollar Nominal Growth' Globally in 2015, Says Credit Suisse

The Swiss bank says that indicators point to India emerging the fastest growing economy in USD nominal growth terms.

Dec 8, 2014

BP to Lay Off Hundreds of Workers to Cut Costs and Cope With Tumbling Oil Prices

BP will cut several jobs globally, including those in its London, Aberdeen and Sunbury offices on mounting costs and plummeting oil prices.

Dec 8, 2014

Maldives Water Crisis: Business Takes Hit as Water Shortage Enters Fourth Day

Business in Maldives, the honeymoon islands, is hard hit as the water crisis entered its fourth day on Monday.

Dec 8, 2014

Centre Clears Long Pending Defence Proposals, Indigenous Companies allowed Foreign Partners For Tech Transfer

Many proposals for local production and import of defence equipment see light of day after years of wait.

Dec 6, 2014

White Label ATM Operators can Serve International Customers, Says RBI

RBI allows white label ATMs to offer services to holders of international debit, credit and prepaid cards and these ATMs are free to choose any bank to partner with.

Dec 6, 2014

2015 US Housing Market Outlook: Steady Economic Recovery to Fuel Real Estate Growth

The U.S. housing market is expected to grow significantly in 2015 as the economy adds more jobs and wage improve for most households.

Dec 6, 2014

World Bank Team Visits India to Help Improve Country's 'Doing Business' Ranking

A team of experts from the World Bank Group are visiting India, to study and offer suggestions to help improve the business climate in the country and suggest macroeconomic reforms.

Dec 6, 2014

Bebe Fashion Stores Confirm Credit Card Breach

Bebe Stores Inc, the American women's fashion retailer, confirmed on Friday that some of its stores had been hit with a data breach exposing credit and debit card information of several customers.

Dec 6, 2014

Disinvestment: SAIL Stake Sale Fetches ₹ 1,715 Crore; ONGC, Coal India in Line

The Narendra Modi government's maiden disinvestment initiative is a success, 5% stake sale in state-run SAIL nets ₹1,715 crore. Prospects for offloading stakes in other PSUs brighten.

Dec 6, 2014

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Economy News

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

First-Time Home Buyers Can Now Avail Loans With 3% Down Payment

Gold Trades Higher; International Rate Holds Above $1,200

US Wrongly Penalised India on Steel Duties, WTO Says in Landmark Verdict

Higher Gold Imports Widen CAD to $10.1 bn in Q2; Rupee to Remain Stable in 2015

Gold Prices Fall for 3rd Straight Day On Poor Demand, Global Cues

India to Grow Fastest in 'Dollar Nominal Growth' Globally in 2015, Says Credit Suisse

BP to Lay Off Hundreds of Workers to Cut Costs and Cope With Tumbling Oil Prices

Maldives Water Crisis: Business Takes Hit as Water Shortage Enters Fourth Day

Centre Clears Long Pending Defence Proposals, Indigenous Companies allowed Foreign Partners For Tech Transfer

White Label ATM Operators can Serve International Customers, Says RBI

2015 US Housing Market Outlook: Steady Economic Recovery to Fuel Real Estate Growth

World Bank Team Visits India to Help Improve Country's 'Doing Business' Ranking

Bebe Fashion Stores Confirm Credit Card Breach

Disinvestment: SAIL Stake Sale Fetches ₹ 1,715 Crore; ONGC, Coal India in Line

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