Economy

New Delhi | May 14, 2013 16:10 (IST)

With the government allowing foreign airlines to invest in Indian carriers, "it is clear that foreign airlines have realised the growth possibilities of the Indian aviation sector and are keenly interested", he said.

May 14, 2013 16:06 (IST)

The WPI inflation comes a day after government data showed that annual retail inflation slowed by a full percentage point to a 14-month low of 9.39 per cent in April, the second consecutive drop.

May 14, 2013 12:29 (IST)

April's reading is the lowest since November 2009 and is well below the 5.50 per cent estimated by analysts in a Reuters poll.

May 13, 2013 18:20 (IST)

A leading gold retail chain, Valuemart Gold & Jewels Ltd, unveiled a limited edition 'Sachin Tendulkar Gold Coin' of 10 grams with his image embossed on it.

New Delhi | May 13, 2013 15:32 (IST)

The Reserve Bank of India (RBI) had flagged a high current account deficit earlier this month as the biggest risk "by far" to Asia's third-largest economy even as it cut interest rates by a quarter point for the third time since January.

New Delhi | May 13, 2013 13:08 (IST)

Gold and silver imports were up by 138 per cent to $7.5 billion last month compared to a year earlier, as retail consumers in the world's biggest gold importer went on a buying spree after global prices fell.

New Delhi | May 13, 2013 11:19 (IST)

Food prices for consumers rose an annual 10.61 per cent in April, slower than an annual rise of 12.42 per cent in March.

May 13, 2013 10:43 (IST)

Most of the gold bought by us Indians is used for consumption purpose in the form of jewellery. Even from the investment perspective, majority of the Indians still prefer the traditional way of holding it in the physical form.

May 12, 2013 18:44 (IST)

In its bid to plug revenue leakage, the Finance Ministry has detected custom duty and service tax evasion of at least Rs 400 crore between January and March this year.

May 12, 2013 16:58 (IST)

Dedicated Freight Corridor Corporation of India Ltd is likely to sign a $1.25 billion loan agreement with the World Bank by June for developing the second phase of Eastern Corridor between Kanpur and Mughalsarai.

May 12, 2013 13:53 (IST)

India's gold imports are expected to fall by 50 per cent to below 500 tonne this fiscal year if the Reserve Bank's recent move to restrict banks' bullion imports is made effective, a senior MMTC official said.

May 10, 2013 20:42 (IST)

This is the fourth hike in diesel prices since January when the government permitted state-run oil companies to hike the price of the fuel by 45-50 paise per litre per month.

May 10, 2013 10:43 (IST)

The Index of Industrial Production (IIP) had grown by a meager 0.6 per cent in February on the back of a 2.2 per cent rise in manufacturing, which constitutes about 76 per cent of industrial production.

May 10, 2013 09:02 (IST)

India's headline inflation is expected to have eased for a third straight month in April, as core inflation cooled and fuel costs fell, giving the Reserve Bank of India greater room to ease policy, according to a Reuters poll.

Washington | May 10, 2013 08:03 (IST)

A landmark bill backed by U.S. President Barack Obama to overhaul the nation's immigration system survived unscathed on Thursday during the first day of consideration by a divided Senate Judiciary Committee.

Bangalore | May 10, 2013 07:32 (IST)

This would mean output grew for three months in a row after shrinking in eight months last year, suggesting a moderate recovery in Indian factories.

Srinagar | May 09, 2013 00:06 (IST)

Dismissing the criticism that RBI's steps to check inflation have hurt growth, Reserve Bank Governor D Subbarao today said the monetary authority has the responsibility to listen to "silent voices" of millions of people impacted by rising prices.

May 08, 2013 23:56 (IST)

Reserve Bank Governor D Subbarao today questioned the fairness of West Bengal government's proposal to levy additional tax on cigarettes to compensate the victims of Saradha chit fund scam.

New Delhi | May 08, 2013 12:54 (IST)

The session, one of the least productive on record, has been disrupted for two weeks by opposition demands for the resignation of Prime Minister Manmohan Singh and his law minister over a federal police investigation into how the government awarded coal concessions to private and state companies.

New Delhi | May 08, 2013 01:14 (IST)

The government said on Tuesday that it has cleared 17 foreign direct investment proposals totaling Rs 262.56 crore, including that of Sanofi-Synthelabo (India).