Economy News

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

India fast-tracks hydro projects in Kashmir

Hydropower projects worth $15 billion are being implemented at a fast pace, ignoring warnings from Pakistan.

Mar 16, 2017

India's exports rise 17.5% in February, up for the sixth straight month; gold imports spurt 147%

Trade data released on Wednesday shows India's imports increase 21.76 percent while exports grew 17.48 percent, widening trade deficit. Gold imports up at $3.48 billion.

Mar 15, 2017

Foreign investors net buyers on Indian stock markets for 9th consecutive day

Foreign institutional investors (FIIs/FPIs) have bought stocks worth Rs 12,838 crore in nine days this month, strengthening the Indian rupee.

Mar 15, 2017

Union Cabinet announces 2% hike in DA for Central government employees, pensioners

The two percent increase in dearness allowance (DA) will be effective from January 1, 2017, for Central government staff and pensioners.

Mar 15, 2017

Tickets in multiplex get cheaper in Bengaluru: Lets remember the selfless contribution of this trio

Kirik Keerthi aka Keerthi Kumar, Dayal Padmanabhan and KM Veeresh are happy because their fight against the exorbitant ticket prices charged by multiplexes has finally met with success.

Mar 15, 2017

Karnataka Budget 2017-18: CM Siddaramaiah announces implementation of 7th pay commission proposals for state govt employees

In November last year, Siddaramaiah had talked about appointing a panel to revise the salary of about six lakh Karnataka government employees.

Mar 15, 2017

Cheers Bengaluru! Alcohol prices slashed across Karnataka; other highlights of the state Budget

The Karnataka government has also lifted Value Added tax (VAT) charges on beer, wine, feni and hard liquor.

Mar 15, 2017

Wholesale inflation hits 6.55% in February, almost doubles in three months

Wholesale inflation, or WPI, had spiked to a 30-month high in January to 5.25 percent and has gone even higher in the next month.

Mar 14, 2017

Non-life insurers' premium income grows over 33% in February

Private sector insurers saw their business growing at a faster clip than their public sector counterparts.

Mar 13, 2017

RBI lists gains and losses arising out of demonetisation even as curbs on cash withdrawals stand completely withdrawn

Effective from Monday (March 13), all curbs on cash withdrawals imposed by the RBI stand lifted.

Mar 13, 2017

Push for digital economy led to spurt in tax collection: Nirmala Sitharaman

Recently, the Modi government published data showing a rise in tax collection for the April-February period in FY2017.

Mar 13, 2017