Economy News

RBS fails Bank of England stress test, must bolster capital

The banks' performance in the stress test was worse than what many market participants had expected.

Nov 30, 2016

Inside the worlds first emotionally powered store

Research shows that Christmas shopping can be as stressful as running a marathon. Online retailer eBay is helping relieve this anxiety at a new store in London, U.K., where biometric facial recognition technology is being used to gauge shoppers response to products.

Nov 30, 2016

RBI puts cap on withdrawals from Jan Dhan accounts

In a bid to protect rural people from being used for any money laundering activity, the central bank has put a withdrawal limit of Rs 10,000 per month.

Nov 30, 2016

Demonetisation: Advance salary, prepaid cards by employers to beat cash crunch blues

Digital and advance payments of salary are the major ways in which employers are making payouts to employees.

Nov 30, 2016

Demonetisation: Credit profiles of real estate companies to weaken, says Fitch

Property and gold are popular instruments for investing undeclared income in India's large cash-based economy.

Nov 30, 2016

Domestic car sales in November: Nirmal Bang's preview gives insights on impact of demonetisation

November car and two-wheeler sales are in focus over the impact of demonetisation.

Nov 30, 2016

GST rollout to be another disruptor after demonetisation: Marico

The chairman of the domestic FMCG firm said the government is trying to do many things within a short period of time.

Nov 30, 2016

Demonetisation: RBI removes restrictions on withdrawals

The latest notification by the RBI on November 28 does not specify any limit for the first time since demonetisation.

Nov 29, 2016

Indian IT sector needs innovations to stay relevant: Highlights from BengaluruITE.Biz 2016

Hundreds of startups and other technology companies displayed innovative products at BengaluruITE.Biz 2016.

Nov 29, 2016

Demonetisation: Lok Sabha passes income tax amendment bill

If voluntarily disclosures are made before December 30, the bill directs a 50 percent tax on the unaccounted cash.

Nov 29, 2016

Fitch slashes India's December quarter outlook

Fitch has forecast GDP growth down to 6.9 percent for next month due to impact of demonetisation.

Nov 29, 2016

Now, withdraw cash up to Rs 2,000 from mobile ATMs by Ola

Fed up with long queues outside ATMs for cash? Here's an alternative.

Nov 29, 2016

Punjab: Rs 9,806 crore credited to taxi driver's Jan Dhan account in State Bank of Patiala!

Branch Manager Ravinder Kumar said that officials from the Income Tax Department were investigating the case.

Nov 29, 2016

Demonetisation: Modi govt unveils more measures to crackdown on black money hoarders

The government has also introduced an income disclosure scheme called the Pradhan Mantri Garib Kalyan Yojana (PMGKY) 2016.

Nov 28, 2016

7th Pay Commission: Salary hike to Central government employees not reflecting in GDP data

The April-September 2016 GDP data suggests pay hike to Central government staff did not give consumption boost.

Nov 28, 2016