Economy News

Sensex rebounds 332 pts on easing crude, rupee gains

The rupee staged a strong comeback by strengthening 37 paise to 72.52 (intra-day) against the American currency.

Nov 13, 2018

Hiring shoots up to 21% in October; IT sector leads

The report showed some encouraging numbers in terms of hiring with the demand for freshers jumped by 24 per cent with an experience in the range of 0-3 years.

Nov 13, 2018

China's largest bank offers $200 mln lifeline to Indian MSME sector

In the current round of funding, seven to eight start-ups could get a commitment to the tune of $30 million, the Indian embassy said in a statement issued in Beijing.

Nov 13, 2018

PM Modi steps in to quell RBI-North Block spat

The Prime Minister may have met RBI chief Urjit Patel to defuse RBI-Finance Ministry dispute ahead of the announcement of the action plan to boost MSME sector.

Nov 13, 2018

Retail inflation falls to one-year low of 3.31 percent in October

The rate of price rise in the food basket contracted by 0.86 percent in October compared to 0.51 percent rise in September, according to the Central Statistics Office data.

Nov 13, 2018

Asean signs bloc's first agreement to facilitate e-commerce transactions

The newly signed agreement will foster speed and cooperation between businesses and governments, generating more efficient transactions, said Singaporean Trade and Industry Minister Chan Chun Sing.

Nov 12, 2018

Gold rises by Rs 80 on jewellers' buying

Globally, gold fell 0.41 per cent to $1,205.50 an ounce in Singapore on Monday. Silver too shed 0.11 per cent to $14.23 an ounce.

Nov 12, 2018

Job market to see 4% spurt in FY2019; IT, retail and health to witness robust hiring

The FY18 has been the slowest year with regard to hiring in the last four financial years.

Nov 12, 2018

Skill India reality check: 70% of Indian youth don't have idea about govt's skill development programmes

According to a recent survey by Young India and Work by the Observer Research Foundation and World Economic Forum (WEF), a whopping 70 per cent of Indian youth is not even aware of these schemes.

Nov 12, 2018

Sensex tumbles 346 points as crude prices, rupee concerns weigh

Further impacting domestic market sentiments, the Indian rupee again breached the 73-mark, dropping 57 paise (intra-day) to 73.07 against the dollar.

Nov 12, 2018

Fuel prices keep falling but looming output cut by S. Arabia, Russia could reverse trend

The oil producers have decided to act after oil dropped as much as 20 percent in one month, after hitting a four-year high in early October.

Nov 12, 2018

Exports shrank in September, 16 out of 30 key sectors were in negative zone

Outbound shipments of as many as 16 key sectors — including rice, tea, coffee, tobacco, engineering, leather, spices, cashew, fruits and vegetables, marine products and gems and jewellery — dipped during the month under review.

Nov 12, 2018

What was Modi Govt's 'tearing hurry to fix' RBI capital framework?, asks Chidambaram

In a series of tweets, the senior Congress leader slammed the government for allegedly seeking funds from the RBI despite claiming that its (Centre) fiscal math was correct.

Nov 11, 2018

India's strategic petroleum reserves programme attracts overseas players

Major overseas players are interested in India's strategic petroleum reserves programme which the nation plans to expand by adding another 6.5 million tonnes capacity over and above the current 5.33 MT.

Nov 11, 2018

BJP govt greedy, plans to take away RBI reserves, says P Chidambaram

The former Union Finance Minister says that the Modi government needs to understand the roles and functions of the central bank.

Nov 10, 2018