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More From Economy

  • wipro sacks two techies over lawsuit in britain

    Wipro sacks two techies over lawsuit in Britain

    October 07, 2015 17:47 IST

    Bengaluru, Oct 7: Wipro Ltd has sacked an Indian male and a female employee working at its development centre in Britain over A lawsuit filed by the latter, the global software major said on Wednesday."Though

  • third phase of red sanders auction may fetch over rs 800

    Third phase of red sanders auction may fetch over Rs 800 crore

    October 07, 2015 12:49 IST

    Hyderabad : After netting over Rs 1,000 crore from red sanders global auction in the first and second phase,Andhra Pradesh government is looking forward to raise another Rs 800 crore from the sale of 2,868

  • terrorism has long lasting impact on indian economy moody s

    Terrorism has long-lasting impact on Indian economy: Moody's

    October 07, 2015 7:16 IST

    New York: With India facing fourth largest number of terror attacks across the world in 2013, such incidents have a significant and long-lasting negative impact on the economy, according to Moody's Investors Service."More than 60

  • india to grow at 7.5 pc faster than china imf

    India to grow at 7.5 pc, faster than China: IMF

    October 07, 2015 6:52 IST

    Washington: Indian economy is expected to grow faster than other major emerging economies, the IMF said today, projecting a growth rate of 7.5 per cent for India in 2016 as against China's 6.3 per cent."Growth

  • pm modi woos german firms to invest make in india

    PM Modi woos German firms to invest, Make in India

    October 06, 2015 18:51 IST

    Bengaluru : Prime Minister Narendra Modi on Tuesday exhorted German industry to invest and make in India for a growing domestic market and huge export markets the world over."We want your involvement in translating our dreams

  • world needs additional shoulders to push economic growth

    World needs 'additional shoulders' to push economic growth: Arun Jaitley

    October 06, 2015 10:42 IST

    New York: The world needs "additional shoulders" other than China to push economic growth and this presents an opportunity for India, finance minister Arun Jaitley has said.Addressing students and faculty at Columbia University here on

  • problem of black money can addressed by rationalising taxes

    Problem of black money can addressed by rationalising taxes: Finance Minister

    October 06, 2015 8:56 IST

    New York: Finance Minister Arun Jaitley on Monday said the problem of domestic black money can addressed by rationalising taxes and bringing more people under the banking net besides some other measures."The first is you

  • gdp to exceed 7.5 taxes to fall short of target finance

    GDP to exceed 7.5%, taxes to fall short of target: Finance Minister

    October 05, 2015 20:24 IST

    New Delhi: The government today admitted that the tax collection may fall short of target by 5-7 per cent, but expressed confidence that the economy will clock over 7.5 per cent growth this year without

  • indian e commerce market to grow 36 percent in 2015 20

    Indian e-commerce market to grow 36 percent in 2015-20

    October 05, 2015 14:05 IST

    Kolkata: Backed by huge discounts and the rising use of smartphones, the Indian e-commerce market is poised to grow 36 percent during the 2015-20, a new report has said.According to a recent report from Canada

  • global poverty rate to fall below 10 per cent world bank

    Global poverty rate to fall below 10 per cent: World Bank

    October 05, 2015 6:56 IST

    Washington: The number of people living in extreme poverty around the world is likely to fall to below 10 percent of the global population in 2015, according to a forecast released by the World Bank

  • pending tax issues will be referred to shah panel cea

    Pending tax issues will be referred to Shah panel: CEA

    October 04, 2015 17:41 IST

    New Delhi: Legacy tax issues like those involving Cairn and Shell can be referred to AP Shah panel for quick resolution, says Chief Economic Advisor Arvind Subramanian who feels the old issues that have held

  • bulk of black money within india fm arun jaitley

    Bulk of black money within India: FM Arun Jaitley

    October 04, 2015 16:29 IST

    New Delhi: Finance Minister Arun Jaitley has said that bulk of black money was still within the country and called for a change in the attitude of people so that plastic currency becomes the norm

  • exports of top 5 sectors dip 25 in august

    Exports of top 5 sectors dip 25% in August

    October 02, 2015 23:31 IST

    New Delhi: Exports of top five sectors — engineering, petroleum, gems and jewelery, textiles and pharmaceuticals — fell by about 25 per cent to $13.33 billion in August due to global demand slowdown.These five sectors

  • icici bank cuts lending rate by 0.35 to 9.35 pc

    ICICI Bank cuts lending rate by 0.35% to 9.35 pc

    October 02, 2015 10:51 IST

    New Delhi: The country's largest private sector bank ICICI on Thursday slashed its benchmark lending rate by 0.35 percentage point to 9.35 per cent, making its home and auto loans cheaper for borrowers.The revised rate

  • cng price cut by 80 paise per kg

    CNG price cut by 80 paise per kg

    October 02, 2015 8:49 IST

    New Delhi: CNG price in the national capital was on Thursday cut by 80 paise per kg and piped cooking gas (PNG) by 70 paise per unit following an 18% reduction in natural gas prices.CNG

  • rbi rate cut to boost real estate demand bank of america

    RBI rate cut to boost real estate demand: Bank of America Merill Lynch

    October 05, 2015 13:10 IST

    Mumbai: American brokerage Bank of America Merill Lynch on Thursday said the surprise 0.50% cut by RBI is equivalent to a price correction of up to 4% in house prices, and may also help boost

  • india a bright spot in slowing world economy imf chief

    India a bright spot in slowing world economy: IMF chief

    October 01, 2015 16:24 IST

    Washington: IMF chief Christine Lagarde has said that global growth will likely be weaker this year with only a modest acceleration expected in 2016 but India remains a bright spot."India remains a bright spot. China

  • pm modi s foreign visits need to be backed up with action

    PM Modi's foreign visits need to be backed up with action on ground: Raghuram Rajan

    September 30, 2015 23:27 IST

    New Delhi: Reserve Bank Governor Raghuram Rajan on Wednesday described Prime Minister Narendra Modi as being "ahead of us" but said his visits abroad need to be backed up with "action on the ground"."I think

  • fdi in india top 10 investing countries

    FDI in India: Top 10 investing countries

    September 30, 2015 17:59 IST

    New Delhi: The Narendra Modi government has expressed satisfaction at two global reports on spurt in FDI and improvement in global competitiveness index, saying that it reflects the success of India's policy initiatives.Department of Industrial

  • india must change five year plan model arun maira

    India must change five-year plan model: Arun Maira

    September 30, 2015 14:58 IST

    New Delhi: After a recast of Planning Commission, India must change its five-year approach and make it a more dynamic exercise, even as conditions must be created to promote more jobs and entrepreneurship, Arun Maira,

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