Economy News

Bengaluru vs Hyderabad in IPL 2017 is about more than cricket...it's about the soul of the IT sector

Hyderabad, the joint capital of Telangana and Andhra Pradesh, is increasingly challenging Bengaluru, India's 'Silicon Valley' in wooing IT firms.

Apr 5, 2017

Angootha chaap gets a boost: PM Modi to launch Aadhaar Pay

After Bharat Interface for Money (BHIM), Aadhaar Pay now aims at making banking transactions even more easier and accessible with just the help of one's thumb impression.

Apr 5, 2017

Changed H-1B visa norms don't mean much for India: Nasscom

The Indian IT industry body Nasscom says the guidance by the US administration on eligibility for computer programmers under the H-1B visa norms has been the practice for years.

Apr 5, 2017

7th Pay Commission: Central govt employees want Modi govt to act fast on raising HRA, other allowances

While seeking a quick decision on HRA, Central government employees want a higher rate than recommended by the 7th pay commission.

Apr 4, 2017

Two charts that explain trends of Indian economy over past 12 months

Data compiled by brokerage Motilal Oswal Securities for the 12-month duration ending February 2017, during which the economy witnessed signficant developments, show mixed macroeconomic trends.

Apr 4, 2017

Move to introduce Rs 200 note comes even as demand for cash is falling

Statistics analysed by an SBI economist say that the demand for cash among Indians is gradually declining even as RBI "approves" introduction of Rs 200 note.

Apr 4, 2017

Demonetisation blues fail to dampen tax collection for FY2017; exceeds estimates

The Modi government ended FY2017 with total tax revenues of Rs 17.10 lakh crore as against revised estimates of Rs 16.97 lakh crore.

Apr 4, 2017

Donald Trump puts American workers first! Cracks down on misuse of H-1B visas

The Donald Trump administration has cracked down on the misuse of H-1B visas so that American workers who are as qualified and deserving as foreign workers are not discriminated.

Apr 4, 2017

Weekly cash withdrawals fall sharply in the past three months

The RBI had completely removed limits imposed on cash withdrawals, with effect from March 13, 2017.

Apr 3, 2017

With TPP gone, Regional Comprehensive Economic Partnership is now more urgent: Malaysian PM Najib Razak

Malaysian PM Najib Razak was speaking at an event jointly organised by Assocham, Ficci and the Malaysian Investment Development Authority on Monday.

Apr 3, 2017

Supreme Court liquor ban could hit 1 million jobs

The decision to ban liquor outlets on national and state highways by the Supreme Court has many flip sides.

Apr 3, 2017

Indian Railways: Passenger earnings for FY2017 fall short of budget

As against the budget estimates of Rs 51,012 crore, the Indian Railways earned about Rs 48,000 crore.

Apr 3, 2017

India factory activity at five-month high in March: PMI data

The Nikkei Manufacturing Purchasing Managers' Index rose for the third month in a row for March.

Apr 3, 2017

Modi meets Malaysian PM Najib Razak; 7 pacts signed

India and Malaysia signed seven agreements, including in the areas of civil aviation and human resources development, following delegation-level bilateral talks in New Delhi.

Apr 1, 2017

Bengaluru taxis to join truckers' strike from Monday

Truck drivers across India are seeking withdrawal of the central government order on increased third-party insurance, among other things.

Apr 1, 2017