Raghuram Rajan urges world to hike rates; but not in a 'big bang'

Last Updated: Friday, September 4, 2015, 19:43

Rajan also said that the concerns about market volatility should not come in way of the decision of the central banks.

Global volatility to benefit India in medium term: Edelweiss

Last Updated: Friday, September 4, 2015, 19:24

The present global volatility will benefit India in the medium to long term and the country's macro-economic parameters are very strong, financial services firm Edelweiss group chairman and CEO Rashesh Shah said Friday.

British, Spanish PM urge `real` reform of eurozone

Last Updated: Friday, September 4, 2015, 16:06

The prime ministers of Britain and Spain called for a "real reform of the eurozone" that makes growth and free trade a priority, in a joint newspaper column published Friday ahead of their talks in Madrid.

ECB flags beefed up QE as growth, inflation outlook fades

Last Updated: Thursday, September 3, 2015, 21:29

The European Central Bank cut its growth and inflation forecasts on Thursday, warning of possible further trouble from China and paving the way for an expansion of its already massive 1 trillion-euro plus asset-buying programme.

ECB cuts growth, inflation forecasts for 2015-2017

Last Updated: Thursday, September 3, 2015, 21:06

The European Central Bank on Thursday cut its forecasts for both economic growth and inflation in the single currency area over the next few years.

Decline in exports "pulled down" GDP growth by 3%: FIEO

Last Updated: Thursday, September 3, 2015, 18:28

Exporters body FIEO on Thursday said the decline in outbound shipments has "pulled down" India's GDP growth in the April-June quarter by over 3 percent.

Govt to invest Rs 8.5 lakh crore in Railways

Last Updated: Thursday, September 3, 2015, 13:19

Sharpening focus on infrastructure development to boost growth, government will invest Rs 8.5 lakh crore in Indian Railways to change the face of the sector, Minister of State for Finance Jayant Sinha said on Thursday.

Services sector improves further on new business orders: PMI

Last Updated: Thursday, September 3, 2015, 11:22

Services sector improved further in August as new orders received by private firms increased at the fastest rate in five months, says a survey.

India's business optimism falls to its lowest level since 2005

Last Updated: Thursday, September 3, 2015, 11:04

India`s services industry grew for a second month in August but optimism fell to its lowest level since late 2005.

IMF says near-term growth prospects remain favourable in India

Last Updated: Thursday, September 3, 2015, 08:29

Near-term growth prospects remain favourable in India but some macroeconomic imbalances still exist, International Monetary Fund said today ahead of the meeting of finance ministers from G-20 countries in Turkey.

Near-term growth prospects remain favourable in India: IMF

Last Updated: Thursday, September 3, 2015, 08:20

Global growth in the first half of 2015 was lower than in the second half of 2014, reflecting a further slowdown in emerging economies and a weaker recovery in advanced economies.

Govt flags deflation as new challenge for economy

Last Updated: Wednesday, September 2, 2015, 16:14

Government on Wednesday flagged deflation as a new challenge for the economy but expressed hope that the growth will be close to 8 percent in the current fiscal year, notwithstanding lower first quarter GDP number.