Economy News

Phishing websites spoof 26 banks in India trying to steal customer details

Pretending as secure payment gateways, these phishing sites first gather sensitive data and then a fake failed login message is displayed to the victim.

Dec 1, 2016

Demonetisation moderately slows down manufacturing in November

The PMI for November came in at 52.3, down from 54.4 in October, but impact of demonetisation was not critical.

Dec 1, 2016

Saudi Arabia infuses $27 billion into sovereign wealth fund

With falling oil revenue, the country is looking at more investments through its wealth fund to boost national income.

Dec 1, 2016

Demonetisation: Road ministry proposes Rs 5 to Rs 100 coupons as new currency at toll plazas

The Ministry of Road Transport and Highways has proposed that high-security coupons be used as small denomination currency at toll plazas.

Dec 1, 2016

Aviation stocks down post 3% fall in jet fuel prices

The new Aviation Turbine Fuel (ATF) prices came into effect on December 1.

Dec 1, 2016

Payday cash crunch: Banks seek police protection, put withdrawal limits as queues outside banks and ATMs get longer

Bankers said that they are receiving less than half the cash required on a daily basis with several running out of cash within hours of opening shop.

Dec 1, 2016

Demonetisation: Short of cash? Here are 6 ways to beat cash crunch blues

You need to reduce your usage of cash and shift to digital modes of payment and use fintech innovation to beat the cash crunch.

Nov 30, 2016

India clocks GDP growth at 7.3% in September quarter

While the services sector and agriculture led the growth, manufacturing remained a drag as investment activity during the quarter declined.

Nov 30, 2016

Time Person of the Year 2016: PM Modi front-runner, but can he hold on to the lead?

On Tuesday, a Time report said the Indian prime minister had 18 percent of the votes, down from his earlier lead of 21 percent.

Nov 30, 2016

Evening wrap: 3 Army officials killed in chopper crash, cyclone Nada in TN, 'sextortion' is a thing, and more

Read about the government's plans on putting up with payday rush, and Bigg Boss 10 wild card entrant's sexist comment.

Nov 30, 2016

Aditya Puri slams analysts, economists for predicting GDP will fall after note ban

Admitting that there is bound to be a "temporary aberration", Puri said the move was necessary to root out counterfeit notes from the country.

Nov 30, 2016

Demonetisation: Sensex likely to settle down at 21,000, says Gurumurthy [VIDEO]

Gurumurthy said the note ban was due as the UPA's neglect led to a spurt in the circulation of high-denomination currencies from 34% in 2004 to about 87% in 2016.

Nov 30, 2016

This is what happens to your old Rs 500, Rs 1,000 demonetised notes

Read on to know where does the demonetised currency go and what happens to it.

Nov 30, 2016

RBS fails Bank of England stress test, must bolster capital

The banks' performance in the stress test was worse than what many market participants had expected.

Nov 30, 2016

Inside the worlds first emotionally powered store

Research shows that Christmas shopping can be as stressful as running a marathon. Online retailer eBay is helping relieve this anxiety at a new store in London, U.K., where biometric facial recognition technology is being used to gauge shoppers response to products.

Nov 30, 2016