Economy News

Centre may go for further disinvestments amid lower revenue generation & tax cuts: CLSA

In recent times, the government has been aggressively looking to disinvest Air India and BPCL to meet its fiscal deficit target.

Nov 30, 2019

Will GMR take Delhi's second airport by right of refusal as Swiss firm wins bid?

Zurich Airport International AG beat GMR and Adani Group by quoting highest per passenger rate for developing first phase of Jewar airport, expected to be India's largest.

Nov 30, 2019

Finance Minister Sitharaman admits there's slowdown; discounts recession fears

Finance Minister Sitharaman blames fall in GDP growth on the delayed effect of stress on banks from bad loans and corporate credit crisis built up from UPA's time.

Nov 29, 2019

After $13 billion levy ruling, future of India's tattered telecom sector hinges on government aid

Vodafone Idea Ltd, India's biggest carrier by user numbers, is widely regarded as most on the ropes, with parent Vodafone Group calling the situation "critical" after the unit was saddled with about $3.9 billion in fresh payments due.

Nov 28, 2019

India's economy seen growing at 4.7% in September quarter

The median of a poll of economists showed annual growth in gross domestic product of 4.7% in the quarter, down from 5.0% in the previous three months and 7% for the corresponding period of 2018.

Nov 28, 2019

The Air India plane flying the inaugural trip from Lucknow,

Will Air India suitors find truncated debt, 100% equity offer irresistible?

The government may pare down Air India debt to Rs 30,000 crore and offer 100% equity to the eventual buyer; Expression of interests in second attempt to sell national carrier may begin by December 15

Nov 28, 2019

Petrol price hiked for fifth day in a row, diesel stable: Check latest rates in your city here

In these five days, petrol has become costlier by 56 paise per litre in Delhi.

Nov 26, 2019

Must sell now: Fall in direct tax collection hastens urgency of privatisation

A 17% shortfall in October direct tax collection at Rs 50,715 crore may jeopardize government spending and worsen liquidity issues plaguing the economy if divestment drive slackens.

Nov 26, 2019

Top US, Chinese trade negotiators discuss core issues via phone call

Trade experts said completion of a phase one deal could slide into the new year, as Beijing presses for more extensive tariff rollbacks and Washington counters with its own demands.

Nov 26, 2019

Indian Oil Corporation Petrol prices petrol price hike IOC

Petrol rises by 12 paise at 1-year high, diesel stable; Check rates in your city

The Oil marketing companies increased the price of petrol by 12 paise per litre in Delhi, Kolkata and Mumbai, while in Chennai the raise was by 13 paise per litre.

Nov 25, 2019

Bills on corporate tax, unified regulator for IFSCs to be tabled in Lok Sabha

Cabinet meeting in November approved the introduction of International Financial Services Centres Authority Bill, 2019, in the Lok Sabha.The bill provides for a unified financial regulator for IFSCs.

Nov 25, 2019

India's urban unemployment rate slows in March quarter: Report

The report, which is likely to be published soon, did not assess rural unemployment.

Nov 24, 2019

India's growth rate to slip down further in Q2FY20 to 4.7%: ICRA

Sectors such as agriculture and services may be able to "maintain the growth rate recorded in Q1 FY2020".

Nov 22, 2019

Petrol, diesel prices stable for 2nd day: Check latest rates in your city

In this month so far, the petrol prices have increased by Rs 1.3 while that of diesel has increased by 4 paise.

Nov 21, 2019

Disinvestment drive: Big ticket strategic sale of BPCL, 4 other PSUs

FM Nirmala Sitharaman said that while the Centre will strategically disinvest BPCL, SCI and CONCOR, it will sell its entire stake in THDC India Ltd and NEEPCO to another state-run power major, NTPC.

Nov 21, 2019

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Economy News

Centre may go for further disinvestments amid lower revenue generation & tax cuts: CLSA

Will GMR take Delhi's second airport by right of refusal as Swiss firm wins bid?

Finance Minister Sitharaman admits there's slowdown; discounts recession fears

After $13 billion levy ruling, future of India's tattered telecom sector hinges on government aid

India's economy seen growing at 4.7% in September quarter

Will Air India suitors find truncated debt, 100% equity offer irresistible?

Petrol price hiked for fifth day in a row, diesel stable: Check latest rates in your city here

Must sell now: Fall in direct tax collection hastens urgency of privatisation

Top US, Chinese trade negotiators discuss core issues via phone call

Petrol rises by 12 paise at 1-year high, diesel stable; Check rates in your city

Bills on corporate tax, unified regulator for IFSCs to be tabled in Lok Sabha

India's urban unemployment rate slows in March quarter: Report

India's growth rate to slip down further in Q2FY20 to 4.7%: ICRA

Petrol, diesel prices stable for 2nd day: Check latest rates in your city

Disinvestment drive: Big ticket strategic sale of BPCL, 4 other PSUs

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