Economy News

Indian traders vs Walmart: Nationwide protest against US retail giant on July 2

Walmart might have cut a hot deal with Flipkart but it's burning the traders in India. The massive nationwide protest next week will see over 7 lakh farmers and traders protesting against the US-based multinational retail corporation.

Jun 28, 2018

No takers for Air India but someone is buying its iconic office building in Nariman Point

The decision to sell the iconic property comes days after the government deferred the plan to sell off the 76 percent stake in the cash-strapped national carrier. Air India's debt burden is estimated to be over Rs 50,000 crore.

Jun 28, 2018

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Rupee crashes to all-time low at 69 against US dollar

The rupee fell to an all-time low against the U.S. dollar in early trade on Thursday, tracking Asian peers with weakening macro-economic fundamentals on the domestic front also weighing on the currency.

Jun 28, 2018

Relief for taxpayer? Government won't set up 'bad bank' to flush your money down the drains

The idea of a bad bank resurfaced after state-run banks suggested the creation of an asset reconstruction company to tackle the bad loans.

Jun 28, 2018

US asks India to stop importing oil from Iran or face sanctions

Iran is one of the major oil suppliers of India, only behind Iraq and Saudi Arabia. During April 2017 and January 2018, it supplied 18.4 million tonnes of crude oil.

Jun 27, 2018

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IT department attaches Benami properties worth Rs 43 billion

The Benami legislation came into existence in 1988. It was refined and made more stringent by the Narendra Modi government in November 2016.

Jun 26, 2018

Global cues subdue equity indices, Sensex ends 200 points lower

On the currency front, the Indian rupee weakened by 29 paise against the US dollar to 68.13, from its previous close of 67.84 per greenback.

Jun 25, 2018

Bleeding Punjab National Bank sets up 6,900 loan recovery cells

Around 3,000 additional personnel from various other operations have been moved to the stressed asset vertical, whose sole job is to focus on recoveries.

Jun 25, 2018

3 reasons why blockchain is the future of supply chain and manufacturing

"It's not the organisations that are competing. It's the supply chains that are competing," says Wael Safwat of Supply Chain Management Association (SCMAO).

Jun 22, 2018

Swiggy latest to join unicorn club, raises $ 210 million from DST Global, Naspers

Swiggy is leading the food delivery market in India with around 11 million monthly orders followed by Zomato at about 7 million monthly orders across India and UAE

Jun 22, 2018

Indian Banks' Association denounces series of chargesheets and arrests of bankers; cries foul play

Bank of Maharashtra CEO Ravindra Marathe, executive director Rajendra Gupta and former CEO Sushil Muhnot and two bank officials have been arrested by Maharashtra Police's Pune Economic Offences Wing.

Jun 22, 2018

As countermeasure, India hikes import duty on 29 US products

A Finance Ministry notification said the duty hike would come into effect immediately for 28 products, while for the marine product artemia the increased duty would be effective from August 4.

Jun 21, 2018

Bullet Train project faces another hurdle as farmers protest in Surat

The project is expected to acquire around 850 hectares of land across the districts of Ahmedabad, Kheda, Anand, Vadodara, Bharuch, Surat, Navsari and Valsad, affecting around 5,000 families.

Jun 20, 2018

China vows to hit back as Trump plans $200 billion additional tariffs on Chinese imports

The developments suggest an intensifying trade dispute that the International Monetary Fund fears would be one of the biggest risks to global growth.

Jun 19, 2018

Chanda Kochhar asked to go on leave until completion of internal inquiry

ICICI Bank's Board has, at its meeting on Monday, decided to appoint Sandeep Bakhshi as the lender's whole time director and chief operating officer (COO).

Jun 19, 2018

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Economy News

Indian traders vs Walmart: Nationwide protest against US retail giant on July 2

No takers for Air India but someone is buying its iconic office building in Nariman Point

Rupee crashes to all-time low at 69 against US dollar

Relief for taxpayer? Government won't set up 'bad bank' to flush your money down the drains

US asks India to stop importing oil from Iran or face sanctions

IT department attaches Benami properties worth Rs 43 billion

Global cues subdue equity indices, Sensex ends 200 points lower

Bleeding Punjab National Bank sets up 6,900 loan recovery cells

3 reasons why blockchain is the future of supply chain and manufacturing

Swiggy latest to join unicorn club, raises $ 210 million from DST Global, Naspers

Indian Banks' Association denounces series of chargesheets and arrests of bankers; cries foul play

As countermeasure, India hikes import duty on 29 US products

Bullet Train project faces another hurdle as farmers protest in Surat

China vows to hit back as Trump plans $200 billion additional tariffs on Chinese imports

Chanda Kochhar asked to go on leave until completion of internal inquiry

Time for India to follow suit? France, Germany, Netherlands, US banned use of EVMs [here's why]

Dhanush's Captain Miller has no buyers in Telugu states? Here's why

Deepika Padukone is a sight to behold in velvet gown; attends Academy Museum Gala with Selena Gomez, Dua Lip [see pics]

Is exhibiting cleavage mandatory? Malaika Arora opts for low neck sleeveless outfit at event in Vrindavan, leaves netizens furious

'She is cruel…': Ankita Lokhande CRIES after fight with Mannara, tells Vicky she wants to go home; fans react