Africa

Modi govt to sell enemy property shares worth Rs 3,000 cr to boost disinvestment receipts

The move highlights the government's decision to dispose of enemy property which are now estimated at Rs 3,000 crore at current market prices.

Nov 9, 2018

NBFC cash shortage hits real estate sector amid IL&FS episode

The scale of the problem is so humungous that even the sanctioned home loans are not being disbursed.

Nov 9, 2018

Govt. denies move to appropriate Rs 3.6 lakh crore from RBI reserves

"Lot of misinformed speculation is going around in media. Government's fiscal math is completely on track," says Economic Affairs Secretary Subhash Chandra Garg.

Nov 9, 2018

Premier League: Top 5 strikers in Chelsea's radar for January transfer window

Although Alvaro Morata and Olivier Giroud have shown glimpses of their good performances, Chelsea is in pursuit to find a lethal forward. From Callum Wilson to Krzysztof Piatek, here are the top five strikers in the Blues' wish list for January transfer window.

Nov 9, 2018

Visa and Mastercard losing market share in India to indigenous UPI, RuPay card: Arun Jaitley

PM Modi has said when Indians use RuPay they were serving the country as its transaction fees stay within India and could help build roads, schools, and hospitals.

Nov 9, 2018

Delhi, Mumbai success spurs India plan to privatise six more airports

Experts expect a strong global response to the move as the aviation sector is poised for a major surge.

Nov 9, 2018

india, forex reserves, rbi, fcnr deposits, rupee, us dollar, demonetisation, global uncertainty

Fed leaves rates unchanged, says US economy strong

Data released in late October showed the U.S. economy grew at a 3.5 percent annual rate in the third quarter.

Nov 9, 2018

demonetisation raids karnataka corruption fraud notes banks bureaucrats raids income tax acb police bengaluru exchange commission nexus contractors

Demonetisation spurred Indian economy's digitisation but issues remain

Whatever the avowed objectives of the controversial demonetization, it did help the Digital India initiative. However, the weak internet infrastructure has affected the government efforts to bridge the digital divide.

Nov 9, 2018

Scars and wounds caused by demonetisation more visible with time: Manmohan Singh

Describing demonetisation as an "ill-fated" and "ill-thought" exercise, Singh said the havoc unleashed on the Indian economy and society is now evident to everyone.

Nov 8, 2018

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Moody's predicts slowdown in economic growth for India in 2019

The agency attributed the reason to the fall in the domestic demand on higher borrowing cost due to rising interest rates

Nov 8, 2018

OPEC President Suhail Mohamed Al Mazrouei

In yet another U-turn, OPEC to consider cuts in oil production next year

The development has come at the backdrop of rising oil prices during the summers and political pressure from US President Donald Trump resulting in Saudi Arabia, Russia and other producers increasing the outputs.

Nov 8, 2018

China fails to reveal if it offered financial aid to cash-starved Pakistan

A day after Khan's four-day China visit ended, Pakistan's Finance Minister Asad Umar said that Beijing has offered $6 billion loans Islamabad to resolve country's economic crisis.

Nov 8, 2018

Juventus fans insulted my family: Mourinho defends celebration after Manchester United's dramatic win in Turin

Mourinho held his ears and seemingly taunted the home fans after United scored two late goals in a span of fewer than five minutes at the Allianz Stadium to collect three crucial points in their Group H encounter.

Nov 8, 2018

Arun Jaitley takes on demonetisation critics; calls it a key step to formalise economy

Congress has launched a campaign using hashtag '#DestructionByDemonetisation'. And responding to the campaign, the BJP has started a Twitter war by using hashtag #CorruptCongressFearDemo.

Nov 8, 2018

From Kejriwal to Manmohan, Opposition leaders train guns on BJP over demonetisation

On the second anniversary of the ban on Rs 500 and Rs 1,000 currency notes, the Congress called it a "black day" for the democracy and national economy, while the CPI-M termed it the "biggest scam in the history".

Nov 8, 2018

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