Economy News

What is next for oil prices after Opec?

Opecs surprise decision to cut oil production by 1.2 million barrels per day has boosted the crude oil price. Financial columnist Edmund Shing asks whats next for the oil industry and whether now is a good time to invest in companies dealing with crude.

Dec 7, 2016

RBI retains repo rate, slashes GDP growth rate forecast for FY2017; withdraws incremental CRR

After its two-day meeting, the RBI's MPC cuts GDP growth rate forecast due to demonetisation; withdraws incremental CRR on bank deposits.

Dec 7, 2016

Indian consumption story intact despite demonetisation: Morgan Stanley

According to Ridham Desai of Morgan Stanley, it's time to switch to equities from bonds as equities have potential for huge upside over the medium term.

Dec 7, 2016

India Inc pays tribute to former Tamil Nadu Chief Minister Jayalalithaa

J Jayalalithaa (Amma), who was also the chief of the ruling party AIADMK, passed away on December 5, 2016 in Chennai.

Dec 7, 2016

RBI Monetary Policy Meeting: Demonetisation, inflation likely to influence outcome

The first meeting of the MPC after the demonetisation decision of November 8 ends on Wednesday; RBI Urjit Patel's statement will be keenly watched.

Dec 7, 2016

Demonetisation: Bengaluru tops the list of maximum cash seizures

On Tuesday, the Modi government released cases of irregularities referred to by income tax department over demonetisation.

Dec 6, 2016

Swiss, Hong Kong watches face bad times despite falling smartwatch sales

Exports of Swiss and Hong Kong watches fell sharply on a year-on-year basis in October, says Nomura.

Dec 6, 2016

Gold tumbles below Rs 29,000; rupee gains on global cues

Falling consumer demand post demonetisation has pulled down prices of the yellow metal.

Dec 6, 2016

Demonetisation has an unexpected fallout in Karnataka

The cash stash of over Rs 4 crore in Rs 2,000 notes leads to exposing more scams involving Karnataka bureaucrats, post-demonetisation.

Dec 6, 2016

Steel prices to see limited upside owing to demonetisation

Despite a sharp rise in raw material prices, steel producers will not be able to pass on the cost to consumers due to a possible dip in construction activity after demonetisation.

Dec 6, 2016

J Jayalalithaa passes away; Tamil Nadu at a glance

TN Chief Minister J Jayalalithaa died on Monday at 11.30 pm; Tamil Nadu is home to Ford, Hyundai, Renault, Ashok Leyland and Royal Enfield.

Dec 5, 2016

Italian Prime Minister Matteo Renzi resigns after referendum loss

Italian Prime Minister Matteo Renzi announced his resignation in the early hours of 5 December, after a convincing defeat in a referendum over his proposals for constitutional reform. Renzi took responsibility for the defeat and told reporters of his plans to call a cabinet meeting and give his resignation to Italys President Sergio Mattarella. The constitutional reform included cutting down the number of senators and curbing their powers relative to the lower house of parliament. Renzi also sought to reduce the political powers of the regions.

Dec 5, 2016

Petrotech 2016: India beckons you, says PM Modi to global oil and gas companies

PM Narendra Modi was addressing the Petrotech 2016, the global event of oil ministers and companies, in New Delhi.

Dec 5, 2016

Union minister debunks economists' forecasts; says GDP to touch 10%

Most economists are of the view that the Indian economy will see a slowdown in demand, leading to low growth figures.

Dec 5, 2016

RBI to issue new Rs 50, Rs 20 notes; old notes continue to be valid

The design and security features of these banknotes will be similar to those of old notes in circulation.

Dec 4, 2016