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Economy News

the-goldman-sachs-logo-is-displayed-on-a-post-above-the-floor-of-the-new-york-stock-exchange

India Poised to Grow Faster Than China From 2016, Says Goldman Sachs

Goldman Sachs chief India economist Tushar Poddar expects India's growth to overtake China starting 2016. Structural reforms could provide further impetus. Dec 5, 2014
State Bank Of India

SBI Cuts Interest Rates By 25 Basis Points

SBI has cut deposits with tenure exceeding one year by 25 basis points. Short term deposits see no change. Improved fund liquidity proved beneficial. Dec 5, 2014
Gadhimai Hindu Festival

India to Export Buffalo Meat to Russia; More Products to Follow

In the face of retaliatory sanctions by Russia on EU, India set to benefit from an increase in trade of agricultural and dairy products Dec 5, 2014
Blast Furnace in India at SAIL Plant - Representational Image

SAIL Floor Price Set at ₹83; Government Lines Up ONGC, CIL and Others

The floor price for the SAIL auction has been set at ₹83 and retail investors will receive 5% discount. Dec 5, 2014
Volkswagen Polo

Delhi To Scrap Cars Over 15 Years In A Move To Reduce Pollution. Will Car Sales Pickup?

The National Green Tribunal banned vehicles older than 15 years off the streets of Delhi, with its unenviable record of being the world's worst polluted city. Will the move help more cars remains to be seen Dec 4, 2014
HDFC Bank

Term Deposit Rates Cut By ICICI And HDFC

HDFC and ICICI cut term rates to 8.75% across tenures; base rate remains unchanged. Dec 4, 2014
Blast Furnace in India at SAIL Plant - Representational Image

NDA Disinvestment Agenda Back on Track; SAIL Kicks off Process with 5% Stock Sale

The government disinvestment agenda picks up pace with the sale of 5% of shares in SAIL; ONGC, Coal India and Hindustan Zinc lined up. Dec 4, 2014
India against corruption, ranked below china

Corruption Perceptions Index 2014: India Ranked Less Corrupt Than China For First Time In 18 Years

According to the Corruption Perceptions Index of least-corrupt countries released by Transparency International, India has jumped 10 places from 94th rank last year. Dec 4, 2014
Indian Railway

Railway Minister Allays Fears of Privatization

Prabhu makes clear that the railways requires private investment and assured that the State transporter won't be privatized Dec 3, 2014
Gold bars and Swiss Franc

Gold Rises About 4%: Biggest One-Day Gain Since 2013

Gold clocks above $1,200 for the first time since October with Japan sovereign downgrade and import relaxations in India. Dec 2, 2014
Kiva Robots at Amazon Fulfillment centers

Amazon Using Robots To Speed Orders for Holiday Rush (VIDEO)

Amazon Inc, the e-retail giant, unveiled its eighth generation fulfillment centers on Cyber Monday introducing the new Kiva Robotics technology to speed up work in the warehouses. Dec 2, 2014
China Flag

'Tax Evading Companies' Beware! China Will Find You and Hunt You Down!

Chinese authorities said on Monday that the administration will be keeping an eye on the finances of foreign companies to clamp down on tax evasion. Dec 2, 2014
RBI Governor Raghuram Rajan

RBI Maintains Key Rates and Hints at Rate Cut in 2015; Growth Pegged at 5.5%

RBI leaves policy rates unchanged but hints at rate cut in 2015; Sensex down 0.60% Dec 2, 2014
China Flag

China's Manufacturing Index Slides in November; PBOC Should Introduce More Stimulus

China's manufacturing index fell to new eight-month lows in November highlighting the country's growing economic turmoil. Experts forecast more stimulus from the People's Bank of China in the coming few months. Dec 1, 2014
Cyber Monday

Cyber Monday May Have Lost Its Sheen With Pre and Post Black Friday Deals

Black Friday and Cyber Monday are losing their sheen with several deals being announced before and continuing even after the shopping sale events. Nov 29, 2014
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