Economy News

Finance Ministry extends deadline to October 25 for filing September GST returns

Businesses had expressed concern about the October 20 deadline, saying there would be trouble in reconciling their sales returns with the purchase returns filed by their suppliers.

Oct 21, 2018

RBI's monetary policy committee highlights inflation spike risk, signal rate hikes

Headline inflation for the first quarter of the fiscal year to March 2020 is projected at 4.8 per cent compared with the MPC's mandated target of 4 per cent.

Oct 21, 2018

European Commission approves $7.5 billion acquisition of GitHub by Microsoft

The Commission said that effective competition in the relevant markets would continue and Microsoft would have no incentive to undermine the open nature of GitHub's platform.

Oct 20, 2018

India's forex reserves edge down by $5.14 billion; steepest weekly fall since 2011

The rupee had lost more than 16 per cent since January and plunged to 74.43 last week to the dollar, making it the worst emerging market currency.

Oct 20, 2018

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India's festival demand for gold dims as price rally bites

Two-thirds of India's gold demand comes from rural areas, where jewellery is a traditional store of wealth.

Oct 19, 2018

Adani Group partners with French oil major Total to enter petroleum retail business

The joint venture is aiming for a slice of the domestic fuel market which is growing at 4% annually aided by improving road infrastructure and higher purchasing power.

Oct 18, 2018

UIDAI, DoT clarify mobile numbers issued through Aadhaar won't be disconnected

The UIDAI had given time till October 15 to telecom operators for complying with the apex court order and asked them to close Aadhaar-based verification for their services.

Oct 18, 2018

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Trump admin could remove India from its currency watch list of major trading partners

India for the first time was placed by the US in its currency monitoring list of countries with potentially questionable foreign exchange policies in April along with five other countries – China, Germany, Japan, South Korea, and Switzerland.

Oct 18, 2018

India eyes $8.7 billion jump in exports amid US-China trade war

The Indian exports to the US stood at $48 billion in the financial year 2017-18 and the US is also India's largest merchandise export destination.

Oct 17, 2018

VMware to invest $2 billion in India over next 5 years; start new offices in Bengaluru, Pune

This investment will enable the company to expand to new offices in Bengaluru and Pune as well as increased headcount and capital expenditure for R&D.

Oct 17, 2018

Ominous predictions for rupee: 80 against dollar by year's end and a plunge to 100 later

Analysts say the rupee could fall further in the coming months as the key drivers of the fall -- widening current account deficit and the flight of overseas funds -- are more likely to persist than not.

Oct 17, 2018

India ranked 58th most competitive economy in WEF index; US tops the list

Other countries in the top 10 include Switzerland (4th), Japan (5th), Netherlands (6th), Hong Kong (7th), United Kingdom (8th), Sweden (9th) and Denmark (10th).

Oct 17, 2018

General Provident Fund interest rate hiked to 8% for Oct-Dec quarter

The interest rate would apply on Provident Funds of central government employees, railways and defence forces.

Oct 16, 2018

India's September WPI inflation surges to 5.13% against 4.53% in August

Even, on a year-on-year (YoY) basis, the Wholesale Price Index (WPI) data furnished by the Ministry of Commerce and Industry was higher than 3.14 per cent reported for the corresponding period of 2017.

Oct 15, 2018

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September retail inflation picks up, remains below RBI's medium-term target

The International Monetary Fund forecasts India's economy could grow 7.3 percent in the fiscal year ending in March 2019, versus 6.7 percent in the last.

Oct 12, 2018

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Economy News

Finance Ministry extends deadline to October 25 for filing September GST returns

RBI's monetary policy committee highlights inflation spike risk, signal rate hikes

European Commission approves $7.5 billion acquisition of GitHub by Microsoft

India's forex reserves edge down by $5.14 billion; steepest weekly fall since 2011

India's festival demand for gold dims as price rally bites

Adani Group partners with French oil major Total to enter petroleum retail business

UIDAI, DoT clarify mobile numbers issued through Aadhaar won't be disconnected

Trump admin could remove India from its currency watch list of major trading partners

India eyes $8.7 billion jump in exports amid US-China trade war

VMware to invest $2 billion in India over next 5 years; start new offices in Bengaluru, Pune

Ominous predictions for rupee: 80 against dollar by year's end and a plunge to 100 later

India ranked 58th most competitive economy in WEF index; US tops the list

General Provident Fund interest rate hiked to 8% for Oct-Dec quarter

India's September WPI inflation surges to 5.13% against 4.53% in August

September retail inflation picks up, remains below RBI's medium-term target

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