Economy News

House rents poised to crash by almost 20% in IT hubs like Hyderabad, Bengaluru: Report

The slowdown in the $150-billion IT software services sector coupled with delayed salary hike for employees are cited as reasons.

Jul 10, 2017

Qatar's central bank boasts $340 billion in reserves

Abdullah Saud Al-Thani, the governor of Qatar's central bank, said the country's economy will be able to withstand any financial shocks brought about by the ongoing dispute with its Arab neighbours.

Jul 10, 2017

Major technical glitch at National Stock Exchange resolved; cash, F&O trade affected

The NSE admitted that a technical glitch occurred and said that it was attempting to resolve the issue.

Jul 10, 2017

Good in parts: Break-up of Air India an option as Modi pushes speedy sale

Modi's office has set a deadline of early next year to get the sale process for Air India underway

Jul 9, 2017

Tax dues: Income tax department to attach shares if Cairn doesn't cough up Rs 10,395 crore

In a notice, the Income Tax Department has given the British firm 15 days to repay or face attachment of shares.

Jul 9, 2017

Will GST sound the death knell for Lucknow's chikan industry?

Industry insiders say that the big ticket trade in chikan would be badly hit by the levy of GST on their products, while small timers are struggling to figure out how to adjust with the new system.

Jul 9, 2017

India is the new global growth pole; to hold lead over China: Harvard study

India is among countries which have accumulated new capabilities for more diverse and complex production to push faster growth going ahead.

Jul 9, 2017

Hand 'em over: Narendra Modi meets Theresa May, urges extradition of Vijay Mallya-like runaways

Liquor baron Vijay Mallya is sought by India after his doomed airline Kingfisher defaulted on several bank loans amounting to nearly Rs 9,000 crore.

Jul 8, 2017

India Inc Vs Investments: Capital expenditure growth hits 25-year low

The investment drought is being led by domestic private sector companies, in complete contrast to their behaviour in the past.

Jul 8, 2017

7th Pay Commission notified: Maximum HRA hiked from Rs 27,000 to Rs 60,000 for now

HRA shall not be less than Rs 5,400 per month, HRA rate to be raised to Rs 75,000 when DA crosses 50 percent.

Jul 7, 2017

A sugar-coated scam pill: Maharashtra factory sought Rs 328 cr loans in the names of 'dead' farmers

Sugar factory took loans under names of fictitious beneficiaries and siphoned them off.

Jul 6, 2017

Good and Simply done: Commissioner of Central Tax R Sriram, Bengaluru, talks taxes with IBT

Watch IRS officer R Sriram simplify the Goods and Services Tax (GST), in an exclusive interview with International Business Times India. GST is seen as the biggest ever indirect tax reform in post-Independence India.

Jul 6, 2017

GST might take sheen off gold demand in the short term, says WGC

Raising taxes on gold under GST could hit demand, and small-scale artisans and retailers with varying degrees of tax compliance may struggle to adapt.

Jul 6, 2017

Horrifying video shows how cancer spreads through the body of mice

Scientists in Japan have developed a technique that allows them to watch cancer spread around the body of mice. Understanding how and why this happens is important to finding ways to stop the spread, and could be used to look at the pathways of other diseases.

Jul 6, 2017

New housing projects hit a 7-year low in Jan-June this year: Knight Frank

The first six months of 2017 saw launches by real estate developers fall 41 percent, YoY, also the lowest half-yearly sales in five years.

Jul 6, 2017