November 26, 2014 23:41 (IST)
The number of people seeking US unemployment benefits jumped last week, pushing total applications above 300,000 for the first time in nearly three months.
November 26, 2014 23:16 (IST)
Indirect tax collection may fall short of the annual target by an estimated Rs 90,000 crore in the current fiscal year, mainly due to subdued industrial activities, a senior Finance Ministry official said.
November 26, 2014 21:49 (IST)
Greater optimism about income growth and future spending pushed US consumer sentiment to a fresh 7-year high in November.
November 26, 2014 20:42 (IST)
Rating agency Moody's Investors Service on Wednesday said the sovereign outlook for the country remains stable at Baa3, but future rating trends depend on the reform measures taken by the government.
November 26, 2014 19:10 (IST)
The World Trade Organization (WTO) has said that the meeting on relaunching trade talks in the wake of the settlement of a US-India row over food subsidies has been postponed to Thursday.
Written By: Varun Sinha | November 26, 2014 17:48 (IST)
Crude oil prices have dropped over 30 per cent in just six months forcing the 12-member OPEC to seriously think about a production cut. Members of the Organization of the Petroleum Exporting Countries (OPEC), which account for nearly 40 per cent of global oil output, will meet on Thursday to decide future course of action.
November 26, 2014 15:36 (IST)
Inflows of foreign direct investment (FDI) into India have increased significantly in the ongoing fiscal year (2014-15) and the trend will continue in the coming quarters on account the country's pro-growth policy agenda, according to a report by Moody's.
November 26, 2014 11:21 (IST)
Reserve Bank Governor Raghuram Rajan has come down heavily on large defaulters for continuously eroding the "sanctity of the debt contract" in the country. When the large promoter defaults willfully or does not cooperate in repayment to the public sector bank, he robs each one of us taxpayers, even while making it costlier to fund the new investment our economy needs, Dr Rajan said at the Dr Verghese Kurien Lecture in Anand on Tuesday.
November 25, 2014 23:40 (IST)
Many issues related to the inverted duty structure, which has adversely impacted domestic manufacturing, may be addressed in the coming budget, a senior government official said on Tuesday.
November 25, 2014 21:35 (IST)
The Indian economy may have slowed to 5 per cent in the July-September quarter due to a low kharif harvest, a slowdown in exports and muted government spending, ratings agency Icra said in a report on Tuesday.
November 25, 2014 19:21 (IST)
While the two sides reported no breakthroughs at the Trade Policy Forum, they did set out a work schedule to follow up on talks that focused on agriculture, services, manufacturing and intellectual property rights, a joint statement said.
November 25, 2014 19:16 (IST)
Stating that the exact amount of black money stashed away in overseas tax havens is unknown, Reserve Bank of India Governor Raghuram Rajan on Tuesday said lower income tax rates will help curb generation of such illicit funds.
November 25, 2014 17:33 (IST)
US economic growth was far stronger than initially thought in the third quarter, pointing to strengthening fundamentals that should support the economy for the rest of the year.
November 25, 2014 16:57 (IST)
India can become a $5 trillion economy in the next 10 years if it grows at an average 7-8 per cent, Minister of State for Finance Jayant Sinha said on Tuesday.
November 25, 2014 14:28 (IST)
The sources said Finance Minister Arun Jaitley would argue forcefully for Reserve Bank of India (RBI) Governor Raghuram Rajan to lower interest rates when the two meet ahead of a decision on rates next Tuesday.
November 25, 2014 13:08 (IST)
Official GDP data for the second quarter of the current fiscal year ending March are due to for release this Friday.
November 25, 2014 11:41 (IST)
The global financial services major is also optimistic about "productivity-enhancing reforms" in the country and estimated the GDP growth for 2015 at 6.4 per cent.
November 24, 2014 23:04 (IST)
India has the potential to achieve 9 per cent growth rate and become a $10 trillion economy by 2034 on the back of concerted efforts by the corporate sector and a constructive role played by the government, a PwC report said.
November 24, 2014 22:27 (IST)
The second quarter GDP number is likely to be announced later this week. The economy grew at 5.7 per cent in the first quarter.
Written By: Ramarko Sengupta | November 24, 2014 19:34 (IST)
The health burden of obesity constrains economic productivity and can increase business costs.