Economy News

Chinese economy on the verge of collapse, requires thorough reforms: Central bank governor

Zhou Xiaochuan, governor of People's Bank of China, said that China's economy is currently very vulnerable due to the large amounts of borrowed capital.

Nov 11, 2017

India-China should join hands for better trade, says Alibaba even as calls to boycott Chinese goods get louder

Alibaba chairman Benny Chen said that India is important to the region in terms of trade and the neighbouring nation was the next big thing for numerous Chinese firms.

Nov 11, 2017

China to allow foreign players to hold majority stake in finance sector

Previously the investment from foreign players in this sector was capped at 25 percent. Market experts said that the announcement was good news for foreign banks.

Nov 10, 2017

Upward move of crude oil price could hurt Modi's future moves

According to the Reserve Bank of India (RBI) estimates, if oil price hits high or even stays at the current level of $65 per barrel in the year through March, inflation could rise by 30 basis points.

Nov 10, 2017

DeMo: Nov 8, 2016 will be remembered as a watershed moment in history of Indian economy, says Arun Jaitley [READ FULL TEXT]

Jaitley also claimed that demonetisation had helped in reducing stone pelting incidents in Kashmir and curbing Naxal activities as the 'miscreants have run out of cash'.

Nov 7, 2017

Govt offers grants for cities adopting EVs for mass transport; step closer to Agenda 2030?

According to the proposal, the government would offer a maximum fund of Rs 105 crore each to the selected cities to procure mass electric vehicles for public transport.

Nov 5, 2017

Walmart India to open 30 stores in next 3 years [VIDEO]

The global retail giant plans to add 5-7 stores in the next calendar year even as it begins piloting 'dark stores' or fulfilment centres for retailers, stockists and kirana stores buying from it.

Nov 4, 2017

India adds 1,000 technology start-ups in 2017: Nasscom [VIDEO]

While Bengaluru, Delhi and Mumbai retained their position as the key start-up hubs in India, 20 per cent of the startups emerged from tier II and III cities, the report noted.

Nov 4, 2017

Central government signs Rs 10,000 crore deal with Patanjali

The Indian government had also received assurance from 13 domestic and global firms to invest a collective amount of Rs 68,000 crore in food processing over the next few years.

Nov 4, 2017

World Food India 2017: All you need to know [VIDEO]

India is expected to attract an investment of US $10 billion in food processing sector and generate 1 million jobs in the next 3 years.

Nov 3, 2017

India's services activity expands at fastest pace in October on higher demand

The Nikkei/IHS Markit Services Purchasing Managers' Index (PMI) rose to 51.7 last month — the highest since June — from 50.7 in September.

Nov 3, 2017

Union government pushing to improve Ease of Doing Business ranking

According to reports, after jumping to the 100th place this year, India is now preparing to enter into the top-50 club with around 90 specific reforms lined up for various ministries.

Nov 3, 2017

Calls to boycott Chinese goods in India get louder even as China believes it is 'an irrational move'

The wide availability of Chinese goods, which are much more affordable than Indian goods and hence find more customers, also doesn't bode well for the Modi-government's "Make-in-India" initiative.

Nov 3, 2017

Confused between a job in Delhi and Mumbai? This is the city that has a higher salary scale

As per World Bank's Ease of Doing Business report, employees in Delhi are paid much better than those in Mumbai even though workers in the commercial capital are entitled to more annual paid leaves.

Nov 2, 2017

India's manufacturing activity loses steam in October on GST bite

The Nikkei Manufacturing Purchasing Managers' Index, compiled by IHS Markit, fell to 50.3 in October from September's 51.2.

Nov 1, 2017