Indian consumers offer a ray of hope after glum economic data

Last Updated: Tuesday, September 1, 2015, 08:28

A financial analyst, she recently received a pay rise, is eating out more often and has stopped bringing home-cooked meals to the office in a tiffin, the traditional Indian lunchbox.

Govt seeks Parliament nod for Rs 25,500 cr additional spending

Last Updated: Friday, July 31, 2015, 16:38

The Finance Ministry on Friday sought Parliament's nod to spend an additional Rs 25,500 crore in the current fiscal, nearly half of which will be spent on capital infusion into state-owned banks to help them overcome the high bad loans situation.

US economy grew 2.3% in second quarter

Last Updated: Thursday, July 30, 2015, 18:51

The US economy picked up sharply in the second quarter, boosted by increased consumer spending and exports after a tepid first quarter, the Commerce Department reported Thursday.

Consumer confidence in India rises to 4-year high: Nielsen

Last Updated: Monday, July 27, 2015, 18:59

India continued to lead the global consumer confidence index, with the score in the second quarter of 2015 reaching the same level as in 2011, says a report.

Oil service firms jostle for India orders amid global spending cuts

Last Updated: Thursday, July 9, 2015, 10:18

State-run Oil and Natural Gas Corp (ONGC) plans to boost its capital spending by more than a fifth to 362.49 billion rupees ($5.7 billion), in stark contrast to analysts` forecasts for energy firms globally to cut spending by a fifth in 2015.

China May industrial output up 6.1% on-year: Government

Last Updated: Thursday, June 11, 2015, 13:34

Industrial output, which measures output at factories, workshops and mines, rose 6.1 percent year-on-year in May, the National Bureau of Statistics said in a statement.

Japan January-March growth revised up to 1.0% on-quarter: Govt

Last Updated: Monday, June 8, 2015, 09:06

Japan`s economy grew much more than initially thought in the first quarter, revised data showed Monday, driven by stronger capital spending.

Congress allegation on social sector spend jugglery of figures: FM

Last Updated: Tuesday, May 26, 2015, 22:27

Union Finance Minister Arun Jaitley termed as "mere jugglery of figures" the Congress' claim of drastic cuts in the social sector spending by the government.

Japan economy picks up pace in wobbly recovery

Last Updated: Wednesday, May 20, 2015, 14:15

The 0.6% on-quarter expansion was bigger than revised 0.3% growth in the last three months of 2014.

Banking, securities cos' IT spends to rise 15% to Rs 53,600 cr

Last Updated: Tuesday, May 19, 2015, 17:12

IT spends by domestic banking and securities companies may grow by 15 percent to Rs 53,600 crore this year and rise further on expectations of more companies using RBI's 'on-tap' bank licensing, global technology consultancy Gartner said Tuesday.

Roads before welfare: PM Narendra Modi faces dissent over spending shakeup

Last Updated: Tuesday, May 19, 2015, 14:24

As Prime Minister Narendra Modi completes one year in office, his cuts in federal welfare spending on the poorest of India`s 1.25 billion people are coming in for sharp criticism, including from within his Cabinet.

India to grow at 8.1% in 2015-16: UN report

Last Updated: Thursday, May 14, 2015, 15:49

Indian economy is likely to clock 8.1 percent growth in the current financial year, spurred by strong consumer spending amid low inflation, infrastructure projects and government's reform measures, says a UN report.