Economy News

India issuing foreign currency bonds is anti-patriotic says RSS

RSS claims the government's plan to raise money by selling foreign currency bonds is anti-patriotic.

Jul 17, 2019

India's imports decline to a 4 month low, indicates weakening consumption

India's imports declined to their lowest level in four months in June, down 9 per cent from a year ago, indicating weakening consumption in Asia's third-largest economy.

Jul 16, 2019

Nirmala Sitharaman's Budget rides high as subsidies cut by 50% in last 5 years

The government closed down about 4.03 crore duplicate, fake and inactive connections excluding the elimination of about 1.03 crore beneficiaries of the Pradhan Mantri Ujjwala Yojana above the poverty line.

Jul 15, 2019

Chinese economic growth tanks to weakest in 27 years

The economy grew 6.2 percent in the second quarter from a year earlier, slower than 6.4 percent in the first quarter.

Jul 15, 2019

Big relief for pensioners as PF to get priority in repayment from IL&FS, rules NCLAT

The Uday Kotak-led new board has allowed companies classified under the green category to service their loan to all secured and unsecured creditors.

Jul 14, 2019

India's retail inflation hits 8-month high in June

A Reuters poll had predicted a retail inflation rate of 3.20% for June.

Jul 13, 2019

India aims to raise $47 billion from stake sales in state firms over 5 years

The plan will open up a steady stream of state companies to greater private investment, and target the kind of annual divestment revenue that will be crucial to meet fiscal deficit targets.

Jul 13, 2019

Adani mulls building Rs 700 bln data park to serve the likes of Google and Amazon

A new law proposed by the Indian government requires giant tech companies to store data locally.

Jul 12, 2019

Samsung to invest in 100 start-ups in big India push

The Samsung Venture Investment Corporation (SVIC) has already invested about $8.5 million in the four companies.

Jul 12, 2019

More trouble for PayU as India MD & Co-founder Shailaz Nag quits

Shailaz Nag is quitting PayU to look for more opportunities in the payments space.

Jul 12, 2019

India's e-commerce rules regressive: Walmart to US government

Walmart had invested $16 billion in Indian e-commerce giant Flipkart, its biggest ever acquisition globally.

Jul 12, 2019

Will PM Modi finally be able to bring back all black money from Swiss banks?

Fight against black money gets a boost as Swiss banks will give details from September, according to Switzerland's Federal Department of Finance (FDF).

Jul 11, 2019

Indian techies to benefit as US House removes country cap on Green Cards

The new bill would eliminate the 7 percent country cap for employment-based immigrant visas and also remove an offset that reduced the number of visas from people from China.

Jul 11, 2019

Who are Rahul Bhatia and Rakesh Gangwal? Here's all about the IndiGo promoters

Rakesh Gangwal has accused Rahul Bhatia of using unusual controlling rights in the company.

Jul 11, 2019

Modi govt may give up controlling stake in oil giants

The idea of giving up controlling stake in government-owned companies below 51 per cent was also tabled during Sitharaman's budget speech.

Jul 10, 2019