Economy News

Three reasons why Indian rupee could drift lower against US dollar

The analyst expects the rupee-dollar exchange rate to be around 68.5 in the next financial year and 70 in FY2019.

Mar 21, 2017

SBI to shut down 47% of associate banks' offices post merger

We will keep their structure in place till April 24 and, post that, we will start dismantling (them)", SBI Managing Director Dinesh Kumar Khara said.

Mar 21, 2017

India's domestic air traffic falls in February; IndiGo, Air India saw dip in market share while Jet Airways, SpiceJet, Go Air gain

The passenger volume data for February released by India's civil aviation regulator throws up some interesting facts.

Mar 19, 2017

SUVs, luxury cars likely to be cheaper after implementation of GST

Presuming that SUVs and luxury cars are taxed at the peak rate of 28 percent and 15 percent cess under GST, there is a marginal reduction from the current taxes.

Mar 18, 2017

7th Pay Commission: Interesting facts on salary hike for state government employees

Some states have implemented proposals of 7th Central Pay Commission for their government employees, many are yet to.

Mar 18, 2017

Government gets Rs 6,000 crore tax on declared black money after demonetisation: Where can it be best spent?

The SIT on black money has said the Central government has collected Rs 6,000 crore, and the amount is rising.

Mar 18, 2017

Aviation stocks to be in focus next week after release of domestic air traffic data for February

The domestic passenger volume growth has been hovering around 25 percent for the past few months in India.

Mar 18, 2017

Delhi: Airbus to set up its first Asia training centre for aircraft pilots at Aerocity

The Airbus India Training Centre at Aerocity in New Delhi will be built in a modular concept in order to become operational by end-2018 with two A320 full flight simulators.

Mar 17, 2017

Quick update on Indian stock, currency markets and foreign exchange reserves

Benchmark index Sensex is 375 points away from lifetime high while NSE Nifty closes at record high of 9,160, thanks to ITC; India's foreign exchange reserves stable.

Mar 17, 2017

Maharashtra opposition wants SBI chief Arundhati Bhattarcharya to apologise

Opposition parties protested against SBI chairperson Arundhati Bhattacharya's comments on farm-loan waiver.

Mar 16, 2017

India's engineering exports to cross $60 billion in FY 2017: Nirmala Sitharaman

For the 11-month period ended February 2017, India's engineering exports stood at $57.5 billion.

Mar 16, 2017

Dubai Chamber to open first India office in Mumbai in 2017

A delegation of Dubai Chamber led by Chairman Majid Saif Al Ghurair is on a visit to India.

Mar 16, 2017

Rupee gains further on dollar deluge; DBS Bank analyst looks at options for RBI

The Indian rupee has been scaling new highs for the past few days, thanks to dollar inflows on account of equity buying by foreign investors.

Mar 16, 2017

US credit cardholders to take $1.6 billion hit after US Fed hikes interest rate

Apart from credit cardholders, students and home loan buyers are also likely to be affected by the interest rate hike by the US Federal Reserve.

Mar 16, 2017

Tamil Nadu Budget 2017: All you need to know about the state Budget

Finance Minister D Jayakumar presented the state Budget in the Tamil Nadu Assembly on Thursday.

Mar 16, 2017