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Economy - Page 71

Economists and inves-tors say fiscal stimulus in the budget and an increase in spending on roads, railways and rural welfare could revive growth.

Business

Budget could increase spending to lift growth

Import duties may be raised on more than 50 items.

28 Jan 2020 8:35 PM GMT

If Amazon Web Services chip efforts are successful, it could lessen the units reliance on Intel Corp and Advanced Micro Devices Inc for server chips.

Business

Hundreds of Amazon employees criticise firm-'s climate stance

Amazon had nearly 650,000 permanent employees at the end of 2018, according to the company-'-'s annual report.

27 Jan 2020 9:04 AM GMT

Business

India-'s rice exports fall sharply over Iran-'s payment delay

Basmati rice exports to Iran, New Delhiâ€™s top buyer of the aromatic grain, dropped to 6,00,000 tonnes in the eight...

26 Jan 2020 5:51 AM GMT

Business

India may raise import duties on more than 50 items next week

Finance Minister Nirmala Sitharaman could make the announcement when she presents her annual budget for 2020/21 on Feb

26 Jan 2020 5:43 AM GMT

A man burns joss sticks as he prays at the Wong Tai Sin Temple in Hong Kong, to celebrate the Lunar New Year which marks the Year of the Rat in the Chinese zodiac. China is expanding its lockdown against the deadly new virus to an unprecedented 36 million people and rushing to build a prefabricated, 1,000-bed hospital for victims as the outbreak cast a pall over Lunar New Year, the countrys biggest and most festive holiday.AP photo

Business

Coronavirus hits trade, tourism businesses hard

The SARS outbreak in 2003 led to a drop of 300,000 barrels of oil per day during the height of the epidemic

25 Jan 2020 5:00 AM GMT

IMF this month cut Indias growth forecast to 4.8 per cent for the ongoing fiscal year - its lowest level in 11 years.

Business

Govt likely to fund some USD 28 bn of expenditure via off-budget...

Indiaâ€™s committed spending, excluding capital spending, could be targeted at near 27 trillion rupees for the next...

24 Jan 2020 5:20 AM GMT

$\Further, the limit on total indebtedness of the borrower has been increased from Rs 1 lakh to Rs 1.25 lakh,\ the circular said.$ Business

RBI to hold rates on inflation concerns, fiscal boost likely: report

The RBI was forecast to next cut rates by 25 basis points to 4.90 per cent in the October-December quarter.

23 Jan 2020 7:44 AM GMT

Business

Consumers are not spending but 100 new malls to come up in next two...

Retail leasing is sluggish but private equity players continue to be funding urban shopping

22 Jan 2020 1:38 PM GMT

The reserves had increased by USD 1.832 billion to USD 442.583 billion. (Photo: PTI)

Business

Forex reserves rise by USD 58 mn to record high of USD 461.21 bn

FCA decreased by USD 367 million to USD 427.582 billion, the RBI data released on Friday showed.

18 Jan 2020 5:38 AM GMT

An investor monitors stock prices at a brokerage in Beijing. Asian stock markets on Friday, have followed Wall Street higher after China reported its economy grew by 6.1% in 2019 and Washington and Beijing signed an interim trade agreement. AP photo

Business

Chinaâ€™s economy performance worst since 1990

The world-'s second-largest economy grew by 6.1 per cent last year, its worst performance since 1990

17 Jan 2020 6:29 AM GMT

More than half of the companies that won bids said it was because they had goods or services no Chinese firm could provide, and the most represented industries overall were financial services, machinery, and logistics or transportation. (Representative image | AFP)

Business

Lack of transparency in Chinaâ€™s Belt and Road projects: EU firms

Only 20 out of 132 firms polled said they have bid for projects under BRI, a global network of ports, railways, roads...

16 Jan 2020 10:03 AM GMT

In this file photo taken on December 11, 2019 an oil tanker is docked at the port of Ras al-Khair, about 185 kilometres north of Dammam in Saudi Arabias eastern province overlooking the Gulf. - The Iran crisis had sparked supply worries over the Strait of Hormuz -- a vital shipping lane for a fifth of global oil -- and also over Iraqs output, analysts say. (Photo | AFP)

Business

Tension but no shock on oil market: International Energy Agency

Ample stocks and production elsewhere mean the world is relatively well placed to react to a crisis, the IEA says

16 Jan 2020 9:40 AM GMT