Economy News

Govt mulls over cutting spending to curb deficit; may hurt growth

Asia's third-largest economy, which is growing at its slowest pace in over six years because of lack of private investment, could be hurt further if the government cuts spending.

Jan 7, 2020

The New Rice War: China eats into big African markets secured by India

The Chinese strategy has ultimately disrupted the global market of rice exports wherein India feels the pinch, being the largest exporter.

Jan 4, 2020

Gold, silver, oil prices surge on West Asia tensions

While the stock markets have taken a beating, gold, silver and oil prices have jumped sharply.

Jan 4, 2020

Petrol, diesel prices hiked across all major cities: Check latest rates in key cities

Petrol prices were up by 8-11 paise and diesel was hiked by 11-14 paise in all major cities across the country.

Jan 3, 2020

India's merchandise exports could rise to $330-340 billion in FY20: FIEO

If the global situation improves, which is likely in the first half of 2020, India may look for 15 per cent growth in exports during the next financial year.

Dec 31, 2019

Govt proposes waiving carbon tax on coal to finance pollution-curbing equipment

Modi's office has proposed waiving the carbon tax of 400 rupees ($5.61) per tonne that was levied on the production and import of coal. The move seeks to improve the financial health of utilities and distribution companies.

Dec 31, 2019

China commerce ministry says it has proactively dealt with US trade frictions

The ministry has implemented the decisions of the central government and "resolutely safeguarded the interests of the country and the people", it said in a statement on its website.

Dec 29, 2019

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Market outlook: Macro-data, crude oil prices to steer indices' movements

Market observers pointed out that global crude oil prices along with the expectations of a healthy third quarter (Q3) earning result season would also influence the market's movement.

Dec 29, 2019

Allahabad Bank, UCO Bank, IOB get Rs 8,655 cr fund infusion

UCO Bank posted a loss of Rs 892 crore in Q2, Allahabad Bank a loss of Rs 2,103 crore and Indian Overseas Bank posted Rs 2,254 crore loss in July-September quarter.

Dec 28, 2019

Oil hits three-month highs on upbeat US and Chinese economic data

Data on Friday showed profits at China's industrial firms rose at the fastest pace in eight months in November.

Dec 27, 2019

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Here are the 10 biggest business stories from the last decade

It has been a roller coaster ride for the Indian Economy in the last decade. We pick 10 major business news which made the headline during this period.

Dec 27, 2019

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Here's why government will struggle to achieve its fiscal deficit target

The economy sinking to a six-and-half-year low of 4.5% in September quarter has made it tougher for the government to achieve its fiscal deficit target.

Dec 26, 2019

Make in India: Govt may halve domestic crude cess to push oil, gas exploration

Cess on domestic crude is currently levied at the rate of 20 per cent of the value of oil. This may come to 10 per cent.

Dec 25, 2019

Asia's richest man Mukesh Ambani adds $16.5 billion to his fortune in 2019

Mukesh Ambani is the 12th richest person in the world, with around $61 billion of net worth as of Tuesday.

Dec 24, 2019

Trump says trade deal with China to be signed 'very shortly'

The Phase One deal was announced earlier this month as part of a bid to end the months-long tit-for-tat trade war between the world's two largest economies.

Dec 22, 2019