Economy News

Indian delegation to explore contracts in $500 billion Saudi infra projects

Union Commerce Ministry said that the tour has been organised by the Economic Diplomacy Division of India's External Affairs Ministry (MEA). The delegation to Riyadh will be led by MEA Additional Secretary Manoj Bharti.

Nov 26, 2018

7% of GDP and 5 mln jobs: Gems exports sector stalls as credit crunch bites

According to the Indian brand Equity Foundation, the Gems and Jewellery (G&J) sector in India contributes around 29 percent to the global jewellery consumption.

Nov 26, 2018

EU approves Theresa May's Brexit deal; UK Parliament to vote in December

The UK Parliament is expected to vote on the deal in early December but its approval is by no means guaranteed, with Labour, the Lib Dems, the SNP, the DUP and many Conservatives MPs set to vote against.

Nov 26, 2018

EPFO payroll data: 79 lakh jobs created in last 13 months

The data also showed that in September employment generation grew more than 2 times to 9.73 lakh in September as against 4.11 lakh in the same month last year.

Nov 25, 2018

Apollo Tyres ropes in Sachin Tendulkar: Here are Master Blaster's other brand endorsements

From German carmaker BMW to payments solutions provider Oxigen, Sachin Tendulkar has lucrative brand endorsement deals even years after his retirement from cricket. Apollo Tyres is just the latest in the list.

Nov 23, 2018

GDP growth: India at top spot among major economies; China remains second

Rating agencies estimate growth at 7.5 per cent despite several economic headwinds like high fuel prices and currency volatility.

Nov 23, 2018

Public sector banks CEOs can now request look-out circulars against wilful defaulters

The move comes against the backdrop of defaults by Vijay Mallya, Nirav Modi, and Mehul Choksi and thereafter, fleeing the country.

Nov 23, 2018

Half of India's ATMs to close down by March 2019; is 'Digital India' ready?

The Confederation of ATM Industry (CATMi) has warned against another financial shock which may arrest the cash supply in the economy.

Nov 23, 2018

Safe-haven dollar trades lower as risk-on sentiment returns

The dollar index, a measure of its value versus six major peers, traded lower at 96.7 on Thursday. The index lost more than 0.1 percent of its value in the previous trading session.

Nov 22, 2018

Heavy truck sales to get affected amid liquidity crunch

Small non-banking financial cooperation (NBFCs) are struggling to raise loans moreover with bigger financiers raising interest rates, fleet operators are forced to delay the orders.

Nov 21, 2018

This public advocacy group plans to fight nationalism by building a global movement

The initiative, launched by community organisation The Fourth Group and civic leaders worldwide, aims to democratise global governance by giving members the opportunity to vote for global representatives and vote for global campaigns.

Nov 21, 2018

Tax evasion of Rs 29,088 crore detected in 1,835 cases during April-October 2018

The total number of cases where service tax was evaded stood at 1,145 involving Rs 22,973 crore. In the case of central excise duty, the DGGI detected 119 cases where tax evaded was worth Rs 1,553 crore.

Nov 21, 2018

Delhi airport charges hiked seven times; flying out from national capital to get costlier

Currently, the domestic passengers pay Rs 10 each for departing from the Indira Gandhi International airport while an international traveller has to pay Rs 45 as user development fee.

Nov 21, 2018

India's crude oil imports rise to highest level in at least 7 years

India is among the eight countries to have received a waiver from the United States to continue crude oil imports from Iran without penalty after sanctions were reimposed on Tehran.

Nov 21, 2018

In an ambitious plan, PM Modi wants to double the economy to $5 trillion

Highlighting the work done by his incumbent government he said that efforts are being made to double the size of the economy.

Nov 20, 2018