China steps on the gas to spark economy, Aug fiscal spending jumps 26%

Last Updated: Tuesday, September 15, 2015, 10:55

China cranked up its fiscal spending by 26 percent in August from a year earlier as Beijing tries to re-energise flagging economic growth and convince reluctant local officials to spend.

Goldman Sachs pegs India growth at 8% on TEE's boost

Last Updated: Monday, September 14, 2015, 19:00

India is likely to become the fastest-growing emerging market this year and its potential growth could rise to 8 percent over the next five years driven by Technology, gains in Education and Ease of doing business due to less red tape, Goldman Sachs said today.

GDP growth to exceed 7.5% this fiscal: Govt

Last Updated: Monday, September 14, 2015, 14:56

The Indian economy expanded by 7 per cent in the first quarter (April-June) of current fiscal. In last fiscal, the GDP growth was 7.3 per cent.

China economic growth sputters in August, more support measures seen

Last Updated: Sunday, September 13, 2015, 16:05

The downbeat data came on the heels of weak trade and inflation readings, raising the chances that third-quarter economic growth may dip below 7 percent for the first time since the global crisis.

China issues state-firm reform plans, expects results by 2020

Last Updated: Sunday, September 13, 2015, 15:55

The guidelines, jointly issued by the Communist Party`s Central Committee and the State Council, China`s cabinet, will help improve corporate governance and asset management, the official Xinhua news agency said.

Air India may launch premium economy class

Last Updated: Sunday, September 13, 2015, 12:11

As of now, Tata-SIA-promoted full service airline Vistara is the only domestic carrier which offers premium economy on its flights, besides business and economy class.

Manufacturing emerging as leader of industrial growth: FinMin

Last Updated: Friday, September 11, 2015, 22:53

With July factory output data showing significant uptick year-on-year, the Finance Ministry Friday said the manufacturing sector is slowly emerging as a leader of the industrial growth and the economy is improving steadily.

China bank lending falls back in August

Last Updated: Friday, September 11, 2015, 17:08

China`s bank lending retreated in August, the central bank said Friday, after a sharp rise in July when the government directed funds into the stock market.

Global economy Weekahead: Fed to dominate week of central bank meetings

Last Updated: Friday, September 11, 2015, 14:58

The U.S. Federal Reserve takes centre stage in the coming week, eclipsing industry data from China, another grim inflation reading from the euro zone and rate decisions in Japan and Switzerland.

China deflation fears grow as producer prices sink most in 6 years

Last Updated: Thursday, September 10, 2015, 08:54

The producer price index (PPI) fell 5.9 percent in August from the same period last year, its 42nd consecutive month of decline and the biggest drop since the depths of the global financial crisis in late 2009, data showed on Thursday.

China capable of maintaining `high` growth: Li

Last Updated: Wednesday, September 9, 2015, 19:52

The Chinese government is capable of maintaining high economic growth, Premier Li Keqiang said on Wednesday, after fears the economy was slowing rocked global financial markets in recent weeks.

Indirect tax collections grow 36.5% to Rs 2.63 lakh crore

Last Updated: Wednesday, September 9, 2015, 19:18

Indirect tax collections rose 36.5 percent in April-August to over Rs 2.63 lakh crore, suggesting that the underlying momentum in the economy is strong, the Finance Ministry said Wednesday.