Business

Arvind Subramanian was appointed as the new Chief Economic Advisor (CEA) of India on Thursday. A former economist with the International Monetary Fund, Mr Subramanian is currently the Dennis Weatherstone Senior Fellow at the Peterson…

Global crude oil prices dropped to $84 per Barrel on Wednesday after the West's energy watchdog slashed its forecasts for world oil demand for this year and 2015. The price fall of crude oil in the international market raise hopes to…

Prime Minister Narendra Modi today launched a series of schemes including Pandit Deendayal Upadhyay Shramev Jayate scheme to create a conducive environment for industrial development, ensuring transparency in the labour sector and…

In a major breakthrough to bring back the black money allegedly stashed in Swiss bank, the Government of Switzerland will now examine Indian requests for banking information on a priority basis and provide all the requested banking details…

Indian low-cost carrier IndiGo has signed a memorandum of understanding (MoU) to buy 250 A320 neo(new engine option) planes from Airbus, a purchase that could be worth nearly $26 billion and rank as the largest single order of jets from the…

Samsung on Tuesday launched Gear S 3G-enabled smart-watch in India. The Gear S has been priced at Rs. 29,500 (MRP) and expected to sell at Rs 29,000, which comprises over 1,000 apps. Samsung Gear S designed with an elegant curved Super…

Japanese carmaker Toyota on Wednesday declared that it would recall as many as 1.75 million vehicles worldwide in a voluntary move to address defects over faulty brake installations and fuel component issues. The latest brake defect is…

Major industrial units at Visakhapatnam in Andhra Pradesh suffered extensive damage due to cyclone Hudhud. Grid failure has lead Vizag Steel Plant to shut down its operations. The damage to the plant is estimated at 700 crore rupees.…

Inflation has dropped down to a five-year low of 2.38 per cent in September. The Wholesale Price Index based inflation was at 3.74 per cent in August. It was 7.05 per cent in September last year. According to the data released by…

French economist Jean Tirole won the 2014 Nobel Prize in Economics for his analysis on market power and regulation, the Royal Swedish Academy of Sciences said on Monday. Mr. Tirole’s research showed that market regulations should be…