Economy News

Oscars 2017: Lion nomination leads to increased interest from foreign tourists; 70% rise in hotel bookings in Kolkata

Several portions of Lion, based on the real-life story of Saroo Brierly, have been shot on locations in Kolkata, and have piqued the interest of tourists.

Feb 27, 2017

Mumbai is India's richest city with 28 billionaires

The total wealth of Mumbai's billionaires and millionaires is $820 billion, according to a report.

Feb 27, 2017

LSE merger with Deutsche Boerse hits European Commission roadblock

The LSE said in a statement that the EC had asked it to sell its 60 percent stake in fixed-income trading platform MTS to satisfy antitrust concerns.

Feb 27, 2017

MWC 2017: Samsung unveils new Galaxy Tab S3, Galaxy Book

Samsung's new Galaxy Tab S3 series and Galaxy Book support the new HDR video standard and the new Samsung Flow feature.

Feb 27, 2017

China bars 4th richest man for 10 years over financial irregularities

Yao Zhenhua was barely known in China before an insurer he controls started to accumulate shares last year in one of the most prominent property developers, Vanke.

Feb 25, 2017

India: Wind power tariff falls to record low at first-ever, rate-based auction

Inox Wind, Mytrah Energy, Green Infra and Ostro Kutch Wind are the winners who bid for a record low of Rs 3.46 per unit.

Feb 25, 2017

FDI inflows into India up by 22% during April-December 2016

India received $35.84 billion FDI between April and December 2016 as against $29.44 billion in corresponding period last fiscal.

Feb 24, 2017

Real estate spirals to record low in December quarter, as note ban bites: Knight Frank

The Real Estate Sentiment Index dropped below 50 and in the process, hit a three-year low during the December 2016 quarter marking it the worst quarter since the global financial crisis

Feb 23, 2017

Unemployment in India: Urban Indians suffer more than rural folks, reveals BSE-CMIE survey

Unemployment rates in India are crucial as Narendra Modi had promised new 1 million jobs every year while campaigning for the 2014 Lok Sabha elections.

Feb 23, 2017

7th Pay Commission: Tamil Nadu all set to announce salary hike for 18 lakh employees

June 30 is the deadline for the five-member panel to submit recommendations after studying the 7th Pay Commission proposals.

Feb 23, 2017

India signs aviation agreements with Greece, Rwanda

The air service agreements with Greece and Rwanda are aimed at boosting trade, investment, tourism and cultural exchanges.

Feb 22, 2017

Fake Rs2,000 notes with 'Churan Lable' issued by SBI ATM in Delhi; Children Bank of India strikes again!

After actress Megha Chakraborty warned against lower-denomination notes purportedly issued by the "Children Bank of India", some Rs2,000 notes by the same "bank" came out of an SBI ATM in South Delhi.

Feb 22, 2017

Operation Clean Money: Five lakh Indian tax payers under taxman's surveillance

'Operation Clean Money' was launched on January 31, 2017 to e-verify large cash deposits made between November 9 and December 30, 2016.

Feb 22, 2017

No new Rs 1,000 notes, says Economic Affairs Secretary Shaktikanta Das; Is this another govt flip-flop after demonetisation?

The statement runs counter to Das' previous remarks on November 10, when he said new Rs 500 and Rs 1,000 notes would be introduced with special features and new designs in a few months.

Feb 22, 2017

India is now among the top 10 trading partners of US

Provisional data for 2016 shows that India moved two ranks to become the 9th trading partner of the US.

Feb 22, 2017