Economy News

Drop in Cotton Prices, Unpredictable Monsoon Increase Imports, Distress Farmers

Unpredictable monsoon and a sharp drop in cotton prices overseas have boosted cotton imports in India in the recent weeks.

Aug 7, 2014

Infosys' CEO Sikka speaks during a news conference at company's headquarters in Bangalore

Three Former Infosys Executives Press for ₹11,200 Cr Share Buy Back to Boost Confidence

Infosys Shares Rise on Buy Back Proposal: Move Could Erode Cash Balances, Hit Acquisitions

Aug 6, 2014

Ratan Tata to Invest in Snapdeal to Join E-commerce Boom?

Tata would be the second Indian business tycoon after Wipro's Azim Premji to invest in the four-year-old firm.

Aug 6, 2014

India to Sign WTO Deal by September if Members Agree to Demands

India said it would sign the WTO deal as early as next month if WTO members agree to its food security demands.

Aug 5, 2014

Indian Service Sector Slows in July after June's Record High

India's service sector growth plunged in July as new orders slowed last month, according to HSBC Services Purchasing Manager Index (PMI).

Aug 5, 2014

Tax Evaders and Non-Filers to Come Under Scanner as IT Dept Steps up Prosecution

If you have not filed your tax returns yet, you may face strict action by the income tax department, which has stepped up its prosecution of non-filers with revamped search and seizure operations

Aug 4, 2014

2G and 3G Spectrum Auction Expected in February

The department of telecom is likely to start the auction of 2G and 3G spectrum bands from February 2015.

Aug 2, 2014

Solar Power Equipment Makers Seek Government's Sops

To help solar power equipment manufacturers in India, the government should provide support by extending incentives, tax holidays and other sops, opined Indian Solar Manufacturing Association (ISMA) and KPMG, a business advisory company.

Aug 1, 2014

India Denied Signing TFA Deal, WTO Diplomats to Lay Options after Summer Break

India's persistence on its demand for more food grains stockpile may result in its exclusion from the WTO Trade Facilitation Agreement.

Jul 31, 2014

India Drops Claim to Bay of Bengal Oil Blocks Ending Dispute with Bangladesh

The dropping of claim to offshore oil blocks ends decades-old dispute.

Jul 31, 2014

Coal Shortage Hits Power Generation at Two AP Thermal Plants

Coal shortage has affected power generation at the Vijayawada Thermal Power Station and the Rayalaseema Thermal Power Plant in Andhra Pradesh.

Jul 28, 2014

Azim Premji Meets Naidu, KCR to Invest in Hyderabad, Vizag, Hindupur

Wipro chairman Azim Premji revealed his business proposals for both Andhra Pradesh and Telangana, when he met the two Chief Ministers of the states in Hyderabad on Sunday.

Jul 28, 2014

Farmers Can Help Slow Down Global Warming: Study (Reuters)

India Stands up for Poor Nations on WTO Deal, Faces Heat from Richer Ones

With India unwilling to relent on its demand that food security be considered in the World Trade Organisation's trade facilitation agreement (TFA), it is facing the heat from other nations, particularly from the United States.

Jul 26, 2014

A worker welds at a machinery manufacturing factory

China July HSBC Flash PMI at 18-month High as Stimulus Spurs Economy

China's factory activity expanded at its fastest pace in 18 months in July as new orders surged.

Jul 24, 2014

World Bank Offers $18 billion Dollar Loan to India for 3 years, Modi Pushes for Ganga Cleaning

This decision is in line with improving India's economic growth to 9 percent, the World Bank President said.