Economy News

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

Evening wrap: Demonetisation unearths fake notes, latest Bigg Boss 10 exits, world's first openly transgender model, and more

Read about a plane crashing into the ocean near Indonesia, and amicus curiae raising questions on prosecution evidence in Nirbhaya rape case.

Dec 3, 2016

LIC sells its costliest policy of Rs 50 crore to Mumbai businessman

The annuity plan 'Jeevan Akshay' bought by this businessman has seen a lot of interest from buyers owing to demonetisation.

Dec 3, 2016

Demonetisation: Govt detects huge number of fake notes during exchange

Within days of the facility to exchange banned Rs 500 and Rs 1,000 notes, a large number of fake notes were tried to be sneaked in.

Dec 3, 2016

Deals galore at 'Make in Odisha' conclave; skeptics cast doubt over implementation

Despite the high level of interest from metal manufacturing companies, actual grounding of projects remain low in the state.

Dec 3, 2016

Demonetisation: Crackdown against Govt officials to intensify, warns finmin bureaucrat

Economic affairs secretary Shaktikanta Das says government is pursuing all leads to act against post-demonetisation corruption.

Dec 3, 2016