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Economy News

Gold

Gold goes ballistic amid rising war fears as Iran missiles hit US bases in Iraq

Yellow metal prices have soared Rs 2,000 per 10 grams in four days, fuelled by a war of words between President Trump and Teheran. Jan 8, 2020
Income tax

Union budget 2020: Income tax relief for middle class on cards

The central government has held multiple discussions on this issue to spur economic growth and the proposal to reduce the tax burden as a step to boost demand in the country. Jan 7, 2020
Prime Minister Narendra Modi  with industralists

PM Modi meets Mukesh Ambani, other industrialists to discuss economic revival ahead of Budget 2020

The meeting discussed the current economic scenario and measures needed to boost growth, consumption, employment, and reviving economy, sentiments and industrial growth from the slowdown. Jan 7, 2020
Indian curreny notes

Govt mulls over cutting spending to curb deficit; may hurt growth

Asia's third-largest economy, which is growing at its slowest pace in over six years because of lack of private investment, could be hurt further if the government cuts spending. Jan 7, 2020
Rice

The New Rice War: China eats into big African markets secured by India

The Chinese strategy has ultimately disrupted the global market of rice exports wherein India feels the pinch, being the largest exporter. Jan 4, 2020
iran us tension

Gold, silver, oil prices surge on West Asia tensions

While the stock markets have taken a beating, gold, silver and oil prices have jumped sharply. Jan 4, 2020
petrol diesel rates

Petrol, diesel prices hiked across all major cities: Check latest rates in key cities

Petrol prices were up by 8-11 paise and diesel was hiked by 11-14 paise in all major cities across the country. Jan 3, 2020
Trade

India's merchandise exports could rise to $330-340 billion in FY20: FIEO

If the global situation improves, which is likely in the first half of 2020, India may look for 15 per cent growth in exports during the next financial year. Dec 31, 2019
Narendra Modi

Govt proposes waiving carbon tax on coal to finance pollution-curbing equipment

Modi's office has proposed waiving the carbon tax of 400 rupees ($5.61) per tonne that was levied on the production and import of coal. The move seeks to improve the financial health of utilities and distribution companies. Dec 31, 2019
US China

China commerce ministry says it has proactively dealt with US trade frictions

The ministry has implemented the decisions of the central government and "resolutely safeguarded the interests of the country and the people", it said in a statement on its website. Dec 29, 2019
nse at alltime high, nse at historic high, nse at lifetime high, nse crosses 9400, sensex at lifetime high, sensex at new high, imd predicts normal rainfall

Market outlook: Macro-data, crude oil prices to steer indices' movements

Market observers pointed out that global crude oil prices along with the expectations of a healthy third quarter (Q3) earning result season would also influence the market's movement. Dec 29, 2019
Allahabad Bank reports more fraud

Allahabad Bank, UCO Bank, IOB get Rs 8,655 cr fund infusion

UCO Bank posted a loss of Rs 892 crore in Q2, Allahabad Bank a loss of Rs 2,103 crore and Indian Overseas Bank posted Rs 2,254 crore loss in July-September quarter. Dec 28, 2019
Oil

Oil hits three-month highs on upbeat US and Chinese economic data

Data on Friday showed profits at China's industrial firms rose at the fastest pace in eight months in November. Dec 27, 2019
demonetisation gdp q2 data growth rate cut nomura analysts rbi mpc meet december 6 and 7 focus shifts to urjit patel modi  bank queues sbi bob salary pay day

Here are the 10 biggest business stories from the last decade

It has been a roller coaster ride for the Indian Economy in the last decade. We pick 10 major business news which made the headline during this period. Dec 27, 2019
7th pay commission 7th cpc north block finance ministry delhi modi government

Here's why government will struggle to achieve its fiscal deficit target

The economy sinking to a six-and-half-year low of 4.5% in September quarter has made it tougher for the government to achieve its fiscal deficit target. Dec 26, 2019
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