Economy News

DHFL default is threatening to draw in mutual fund industry as 160 MFs have exposure to DHFL papers

DHFL default threatens to snowball into big crisis engulfing NBFCs, mutual funds

Public confidence in mutual funds take a beating and inflows taper with imminent payouts facing uncertainty; NBFCs face soaring finance costs triggering liquidity crunch.

Jun 7, 2019

Ola, Uber to have 40% electric fleet by 2026?

India has been pushing forward the idea of having electric vehicles for public transport to meet its commitment to the Paris Agreement.

Jun 7, 2019

Reactions | Here's what economists take from RBI's monetary policy statement

There were varying pre-estimations by economists, bankers, corporate owners and traders on their expectations from the monetary policy committee.

Jun 6, 2019

A road sign is seen next to Bombay Stock Exchange (BSE) building in Mumbai

Market cracks as RBI fails to go beyond the expected 25 bps repo rate cut

Third successive rate reduction takes repo rate to lowest in nine years at 5.75%; change in monetary policy stance to 'accommodative' removes imminent rate rise fears but the street wants more.

Jun 6, 2019

RTGS, NEFT transaction charges scrapped; RBI directs banks to pass on benefits

As far as charges on transactions are concerned, there will be more good news for customers as the RBI declared that it was setting up a panel to review charges imposed by banks on ATM withdrawals.

Jun 6, 2019

Does Huawei's Russia 5G deal signal a new world trade order split down middle?

Chinese giant ties up with Russia's MTS to deploy 5G technology as Xi begins three-day Russia visit for a summit with Putin amid escalating US-China trade war.

Jun 6, 2019

RBI cuts repo rate by 25 basis points to 5.75%, bank loans to be cheaper

The Reserve Bank of India's Monetary Policy Committee today announced its decision to slash the repo rate to 5.75 per cent from 6 per cent.

Jun 6, 2019

World Bank retains India's growth rate for fiscal 2020 at 7.5%

In the next three years, India's growth rate will be supported by robust investment and private consumption.

Jun 5, 2019

Indian industry seek corporate tax rate cut to 20% in upcoming budget

The Confederation of Indian Industry (CIII) called on Modi to push reforms in the budget so as to boost private investment and domestic consumer demand and achieve 8-10 percent economic growth rates over the next few years.

Jun 4, 2019

Morgan Stanley world GDP world economy global economy

Is global economy showing signs of slowdown?

There have been concerns about the impending recession by seeing the present scenario of an aggressive overheating of the market. The US market might get to a standstill or a slowdown.

Jun 3, 2019

Digital India gets a boost as government sets 100-day horizon for 5G trials

India will join a select band of countries with commercial 5G-grade communication services; Ravi Shankar Prasad pushes for spectrum auction this year for the first time after 2016.

Jun 3, 2019

US-China trade war could trigger prolonged global recession this year

Escalating US-China trade wars may trigger prolonged global recession this year

Morgan Stanley warns investors must take into account the threat of a prolonged recession for their investment strategy given the worsening trade war rhetoric between the US and China

Jun 3, 2019

After a week of euphoric hearts, expect cautious heads to return to the market

Indices are expected to trade sideways as the euphoria of Modi 2.0 ebbs and worries of global tensions and domestic slowdown begin to take hold; time ripe for stock specific play.

Jun 2, 2019

Global airlines slash profit forecast 21% on protectionism fears

The International Air Transport Association, which represents about 290 carriers or more than 80% of global air traffic, said the industry is expected to post a $28 billion profit in 2019, down from a December forecast of $35.5 billion.

Jun 2, 2019

India plays down Trump decision to remove US trade privileges

In a relatively tame response to the announcement from Washington on Friday, the government said it was "unfortunate" that its attempts to resolve significant US requests had not been accepted.

Jun 1, 2019