Economy News

Home sales decline 25% in July-September: Report

A comparison of numbers between the first half of FY19 and FY20 also showed that home sales and new launches moved downwards.

Oct 18, 2019

Sitharaman's economic revival plan goes for a toss, slowest credit growth in last two years

The data shows that although retail lending activities have increased, lenders are taking a much cautious approach on some consumer loans.

Oct 17, 2019

Satya Nadella gets 66% pay hike in 2018-19; guess how much he makes

When Satya Nadella took over from Steve Ballmer in 2014, he took home $84.3 million which is the highest earnings in a fiscal year for him so far.

Oct 17, 2019

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Sensex, Nifty nearly flat; metal stocks drag

Investors in India hoped that the government's corporate tax cut last month would give a fillip to companies' September-quarter earnings.

Oct 17, 2019

PMC bank scam: ED identifies more assets of HDIL promoters, directors

The development comes a day after the probe agency revealed that Patel, as the then Union Minister of Heavy Industry, was a frequent flier on Wadhawans' luxury private jet Bombardier Challenger 300.

Oct 17, 2019

Can India defy US pressure and continue trade ties with Venezuela, Russia?

Finance Minister Sitharaman says India cannot sacrifice 'economic strength' and strategic interests to comply with US sanctions.

Oct 16, 2019

Even after growth rate cut to 6.1%, Indian economy remains 'very strong': IMF

India and China with their projected growth rate of 6.1 percent for the current year share the top rank among major economies.

Oct 16, 2019

PMC Bank crisis: After Sanjay Gulati, Fattomal Punjabi dies of cardiac arrest

Mulund resident Fattomal Punjabi, who was an account holder at the disgraced PMC Bank, died of a heart attack.

Oct 15, 2019

'Indian economy doing very badly': Nobel awardee Abhijit Banerjee

Abhijit Banerjee, who shared the Nobel prize for economics, said that the Indian economy is "doing very badly" even as the government is increasingly recognising that there is a problem.

Oct 15, 2019

Trump or Xi? Who has won the first round of US-China trade wars?

President Trump hails 'the greatest and biggest deal ever made for our Great Patriot Farmers'; US agrees to suspend next round of tariff hike on Chinese imports while Beijing will import $40-50 billion US farm products.

Oct 14, 2019

Market today: Nifty, Sensex rise ahead of inflation data; Infosys drops

Indian retail inflation probably reached a 12-month high in September, but still leaving room for further interest rate cuts.

Oct 14, 2019

When will economic slowdown end? World Bank predicts 2nd year of fall in growth

World Bank cut India's GDP growth estimate to 6% for the 2019-20 financial year against 6.9% it achieved in FY19 amid broad-based deceleration of different sectors in the earlier quarters of the year.

Oct 13, 2019