Economy News

President Pranab Mukherjee and Prime Minister Narendra Modi

GST is a historic achievement: PM Narendra Modi

Over 12 lakh businesses have applied for fresh registration under the GST, revenue Secretary Hasmukh Adhia said.

Jul 30, 2017

No plan to shift to Jan-Dec financial year from 2018: Minister

Though discussions on shifting the financial year to January-December instead of April-March are still on within the government, the change will not happen next year, Minister of State for Finance has said.

Jul 30, 2017

IL&FS bags Rs 4,899-crore Zojila tunnel project in rebidding

IL&FS earlier constructed the 10.89-km Chenani-Nashri tunnel on the Jammu-Srinagar Highway, inaugurated by Prime Minister Narendra Modi in April this year.

Jul 29, 2017

ONGC gets govt go-ahead to buy 80% in GSPC for Rs 7,738 cr

Debt-ridden GSPC has made nine gas discoveries in the Bay of Bengal block, of which three have been approved for development.

Jul 28, 2017

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Agri Distress: 55% crop insurance claims pending

In Telangana, Rs 311 crore was collected as premium and against Rs 174 crore of estimated claims, farmers did not receive any payouts.

Jul 28, 2017

Amazon CEO Jeff Bezos, amazon share price, amazon acquires souq

Who is Jeff Bezos? 7 things to know about the World's Richest Man with net worth of $105.1 billion

From making a cameo appearance in Star Trek to working in McDonald's, here are a few lesser-known facts about Amazon founder Jeff Bezos.

Jul 28, 2017

Jeff Bezos loses world's richest person title in less than a day; Bill Gates regains top spot

A surge in Amazon.com shares on Thursday in advance of the online retailer's earnings report had briefly propelled CEO Jeff Bezos past Bill Gates as the world's richest person.

Jul 28, 2017

Going bust: Steeling up for insolvency, and the intriguing case of Electrosteel

When management promises turn out to be sheer mirage, there arise glaring examples of the high quantum of mismanagement which banks and taxpayers face.

Jul 27, 2017

RBI stops printing Rs 2000 notes, focus turns to new Rs 200 [VIDEO]

The govt plans to slowly phase out higher denomination notes.

Jul 26, 2017

India's Big Steel enigma: Grey hair, red ink, but blue skies?

Highly leveraged steel companies working on thinning margins augur ill for the balance sheets of banks.

Jul 24, 2017

Your CEO may be earning 1,200 times more than you!

A study has said that the median employee remuneration of many private Indian firms fell or remained the same during fiscal 2017 while the top executives took home salary packages that are 1,200 times more than the median employee.

Jul 24, 2017

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NPA crisis: Cleaning up bad loan mess is the priority, says RBI

Last month, the RBI referred 12 NPA accounts, accounting for 25 percent of bad loans in the banking system, for resolution under the Insolvency and Bankruptcy Code (IBC).

Jul 23, 2017

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Investment dept told to prepare proposal for Air India sale

Dipam (Department of Investment and Public Asset Management) told to coordinate with Civil Aviation ministry.

Jul 22, 2017

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Government hints at crackdown on GST evaders: Report

While tax evaders will be tracked using their income tax data, the GSTN will analyse data provided by taxpayers and rate them accordingly.

Jul 22, 2017

Anthony Scaramucci is Donald Trumps new White House communications director

Wall Street financier Anthony Scaramucci is the new White House communications director. The position has been empty since the resignation of Mike Dubke in May. Scaramucci is a longtime supporter and major donor of Trump, and was a member on his transition team during the 2016 election. Known to his friends as Mooch, Scaramucci has made multiple TV appearances defending Trump during the election, after raising funds for Scott Walker and Jeb Bush during the primaries. Prior to joining Trumps team, Scaramucci was a hedge fund manager, and a longtime Republican party fundraiser. He was a self-proclaimed top fundraiser for Mitt Romney in 2012.

Jul 21, 2017