Economy News

Trump to announce important tax reforms next week

US Treasury Secretary Steven Mnuchin said on Friday that the government is "pretty close" to having it ready to announce.

Apr 22, 2017

Indian software professionals, IT firms fret as US president Donald Trump orders US visa review

Trump's decision was not a huge surprise, given his election campaign pledge to put American jobs first.

Apr 22, 2017

Foreign tourist arrivals into India on the decline since December

Foreign tourist arrivals (FTAs) have been falling over the past four months, indicating tough times for the $20 billion business annually.

Apr 21, 2017

Northeast Frontier Railway tops in passenger traffic growth

NFR recorded a 6.22 percent growth in passenger traffic, highest growth rate among all zones.

Apr 20, 2017

Yamuna Expressway Authority cancels 17 housing projects shattering dreams of many buyers

The Yamuna Expressway Industrial Development Authority handles the road and real estate projects spanning 334 villages in Uttar Pradesh.

Apr 20, 2017

Layoffs in IT sector not ruled out: Assocham

India's multi-billion information technology (IT) is feeling the heat of a rising rupee, new curbs on H-1B visa.

Apr 19, 2017

Foreign direct investment by Indian companies rises sharply in March

Investments by Indian companies abroad spike more than two-fold in comparison to February 2017 figures, according to RBI data.

Apr 18, 2017

India's regulator reduces third party insurance premium in its latest order

The third party insurance premium for cars, scooters and trucks notified by insurance regulator IRDAI comes after protests by truckers a few days ago.

Apr 18, 2017

Second phase of 'operation clean money' launched; 60,000 people under I-T dept's scanner

The Central Board of Direct Taxes, the I-T department's policy-making body, said it has detected over Rs. 9,334 crore of undisclosed income between November 9, 2016 and February 28, 2017.

Apr 14, 2017

World Bank forecasts China growth rate of 6.5% for this year

The World Bank also warns of issues arising from corporate debt in China,

Apr 13, 2017

Get your solar power at a nickel for every unit in India!

EnergyTrend has said that India may overtake Japan by the end of this year and become the third largest market of solar power in the world.

Apr 13, 2017

India's retail inflation rises to 3.8% for March; February factory output plunges

The retail (CPI) inflation for March 2017 was on expected lines, but the sharp fall in factory output (IIP) was unexpected.

Apr 12, 2017

Mutual fund managers shunned Axis Bank, Coal India, Tech Mahindra, bought SBI, ICICI Bank, ITC, HDFC Bank, GAIL, Yes Bank in March 2017

A look at shares that mutual funds (MFs) traded heavily in February would give an indication on future trends for retail investors.

Apr 12, 2017

Bank accounts will be blocked if not self-certified by April 30

In a series of tweets, the income tax department on Wednesday came out with a new set of rules for bank account holders.

Apr 12, 2017

Why is there still a gender pay gap?

On average, women in full time work can expect to earn 18.1% less money throughout their careers than men in the UK.

Apr 11, 2017