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CAD at 1.4% of GDP in Dec 16 quarter

India?s current account deficit (CAD) more-than doubled to USD 7.9 billion in the third quarter of 2016-17 from the preceding quarter. As a proportion of GDP, it increased to 1.4 per cent from 0.6 per cent in the September 2016…

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Micron Technology?s profit beats as memory chip prices jump

Micron Technology Inc reported a better-than-expected quarterly profit as it benefited from higher average selling prices for its memory chips used in PCs amid tight supplies and a surge in demand for its storage chips found in smartphones.The company?s shares…

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Amazon wants to invest $515 million in food retail

Amazon has sought government approval to invest $515 million (Rs 3,370 crore) in India over five years as the e-commerce giant seeks to enter food retailing through its online portal as well as brick-and-mortar outlets. Food processing minister Harsimrat Kaur…

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Amazon wants to invest $515 million in food retail

Amazon has sought government approval to invest $515 million (Rs 3,370 crore) in India over five years as the e-commerce giant seeks to enter food retailing through its online portal as well as brick-and-mortar outlets. Food processing minister Harsimrat Kaur…

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China inks $4.6 billion deal for Australia mine project

A state-owned Chinese construction giant today sealed a deal to build a Aus$6 billion (US$4.6 billion) mining infrastructure project to tap into resource-rich northwestern Australia. Sydney-based BBI Group (BBIG) said the agreement with the China State Construction Engineering Corporation (CSCEC)…

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Brexit: Single market benefit 'largely imaginary'

The trade benefits of belonging to the European Union have been “largely imaginary”, according to the social policy think-tank Civitas.Its analysis argues that exports from non-EU countries to the single market have grown faster than the UK’s, since its creation…

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China?s economy ranked strongest, says report

China?s economy has been ranked the top performing in terms of overall strength and vitality in a report released at the Boao Forum for Asia on Thursday. The Asia Competitiveness Annual Report 2017 acknowledged that China maintained a growth rate…

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China?s economy ranked strongest, says report

China?s economy has been ranked the top performing in terms of overall strength and vitality in a report released at the Boao Forum for Asia on Thursday. The Asia Competitiveness Annual Report 2017 acknowledged that China maintained a growth rate…

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NHAI working on 5 expressways to decongest Delhi

The National Highways Authority of India (NHAI) is on the job to finish five expressway projects, including the Rs 4,428-crore Eastern Peripheral Expressway to decongest Delhi, Parliament was informed today. Giving details, Road Transport and Highways Minister Nitin Gadkari said…

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