New Delhi: Terming the declining inflation as a "positive sign", finance minister Arun Jaitley on Friday said the price situation is under control and all the macroeconomic indicators are extremely encouraging.When asked whether it was
New Delhi: India's annual wholesale inflation for July fell for the ninth straight month to a historic low of (-)4.05 percent from (-)2.4 percent for the month before, led largely by a 12.8-percent decline in
Ludhiana: O.P. Munjal, who began modestly and finally became the father of India's cycle industry with his iconic Hero Cycles, died here on Thursday, family sources said.The 86-year-old Munjal was admitted to the Hero Heart
Mumbai: Continuing its downward march for the seventh straight session, the rupee today plummeted by 32 paise to close at 65.10 against the dollar, hitting its weakest level last seen in September 2013, as China
Mumbai: Declining for the sixth consecutive session, the rupee tumbled by 59 paise to nearly 2-year low at 64.78 against the US dollar on sustained demand for the American currency from banks and importers on
New Delhi: Retail inflation fell to multi-year low of 3.78 per cent in July on account of cheaper food prices, including of vegetables, fruits and cereals.The retail inflation based on Consumer Price Index (CPI) was
Beijing: Faced with sluggish economic growth and dwindling exports, China today devalued its currency for the second consecutive day, sending fresh shockwaves through global markets and fuelling fears of a currency war as jittery Asian
New Delhi: India's exports will be hit and the trade deficit might widen after the devaluation of Chinese currency yuan by 2%, which is bound to raise the competitiveness of outbound shipments from the neighbouring
New Delhi: Acting tough against Nestle India, the government on Tuesday filed a class action suit against the Swiss manufacturer of Maggi noodles, seeking about Rs 640 crore in damages for alleged unfair trade practices,
Beijing: China's bold move Tuesday to sharply devalue its currency could squeeze exporters around the world whose goods will likely become comparatively costlier than many Chinese products.The action has also intensified fears about the weakening
New Delhi: Seeking to allay fears, the government today said full confidentiality will be maintained with regard to disclosures of unaccounted overseas wealth made under the black money compliance window and only those who do
Kolkata: The incense sticks industry is eagerly waiting for the implementation of the Goods and Services Tax, which it feels will offer greater flexibility for the sector in terms of promoting local production. “We are
Mumbai: India's first experiential entrepreneurship education programme will be rolled out from the campus of Lemon School of Entrepreneurship in Nagpur tomorrow.“Unique in many ways and a first-of-its-kind model, the programme will have no classroom,
Washington: The US supports the "pro-business reforms" of the Modi Government but at the same time remains concerned about difficulties caused to non-governmental organisations, a top State Department official has said."I would say, speaking generally,
Sydney: With Australia's Federal Court declaring invalid the approval of the Adani Group's $16 billion coal mine in central Queensland, there is speculation that the Gautam Adani-led Indian conglomerate may decide to walk away from
New Delhi: India received $19.78 billion foreign direct investment (FDI) from 12 countries visited by Prime Minister Narendra Modi in financial year 2014-15, Parliament was informed yesterday.During the period, Indian companies invested $3.42 billion in
Melbourne: Indian mining giant Adani today suffered another setback after an Australia bank pulled out of its role as financial adviser to the group's controversial 16 billion dollar coal mine project in central Queensland, a
London: A leading economic think tank on Wednesday forecast that Greece's GDP will shrink this year by three percent and 2.3 percent next year. Thus it will eventually be nearly a third smaller than it
New Delhi: As India scouts for new energy sources to sustain its economic growth, hydrocarbon-rich Mozambique today promised to provide Indian companies greater access to various oil, gas and coal exploration projects besides seeking fresh
Paul Krugman recently blogged about the dominance of the "MIT gang" in global economic policymaking. From Ben Bernanke (former Fed chairman) to Mario Draghi (ECB president) to Olivier Blanchard (IMF chief economist), the MIT educated
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