Economy News

Here's what made global investors fund Rs 26,749 crore in Indian start-ups

The recent statistics by Tracxn, a data tracker, shows that 10 significant deals crossing over $100 million were successfully completed in India in the last five months.

Jul 4, 2019

Union Budget 2019: What to expect from new finance minister Nirmala Sitharaman

Finance Minister Sitharaman is likely to retain allocations in the interim budget to ministries and departments in her maiden full budget.

Jul 4, 2019

Will Nirmala Sitharaman ever consider introducing Inheritance Tax, the way Japan did?

Finance Minister Nirmala Sitharaman may unveil a new mindset that may explore the possibility of introducing new taxes and Inheritance tax may top them all

Jul 4, 2019

GDP growth projected at 7% for 2019-20: Key insights from Economic Survey

According to the Economic Survey, the GDP growth projection of 7 percent in 2019-20 fiscal reflects a recovery in our economy after a deceleration in the growth momentum in 2018-19.

Jul 4, 2019

Kumaraswamy woos US businesses to invest in Karnataka

Chief Minister H.D. Kumaraswamy invited US businesses to participate in the 'Global Investors' Meet' Karnataka would host in January 2020.

Jul 3, 2019

Indian startups attracting investors again, raise record $3.9 billion in 2019

In comparison, during the entire 2016 and 2017, the Indian startups managed to raise $4.2 billion and $4.3 billion respectively.

Jul 1, 2019

Deutsche Bank, Deutsche Bank headquarters in Frankfurt, Germany

Why is Deutsche Bank planning to cut 20,000 jobs?

Deutsche Bank has seen a significant 3,900 job cuts in the first quarter and a total of 7,000 job cuts since CEO Christian Sewing took over last year.

Jul 1, 2019

US-China trade war: Trump to discuss Huawei issue with Xi at G20 Osaka summit

Chinese officials have said that reversing the technology ban on the Chinese tech giant was their top priority in trade negotiations between the two countries.

Jun 29, 2019

Major victory for India on solar panel incentives as WTO rules against US

Notably, the US had made a similar complaint against India in WTO in 2014, claiming that India's Jawaharlal Nehru Solar Energy Mission provided incentives for domestically produced solar cells and modules.

Jun 28, 2019

Gross NPAs to come down to 8% by end of FY20: CRISIL report

The report said that NPAs in public sector banks, which account for more than 80% of NPAs are expected to register a fall over 400 bps to around 10.6 percent by March 2020 from a peak level of 14.6 percent in March 2018.

Jun 26, 2019

Trump slaps fresh sanctions on Iran, targets supreme leader

Trump told reporters the sanctions were in part a response to last week's downing of a US drone by Iran, but would have happened anyway. He said Khamenei was ultimately responsible for what Trump called "the hostile conduct of the regime" in the Middle East.

Jun 25, 2019