Economy News

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Data analytics can benefit railways 'immensely', says Suresh Prabhu

Railway minister Suresh Prabhu was speaking at a conference on "Data Analytics for Indian Railways" in New Delhi on Tuesday.

May 16, 2017

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US companies push hard for lower tax rate on offshore profits

Lobbyists are making an aggressive case that cutting the tax rate on offshore profits to 10 percent from 35 percent is not enough.

May 15, 2017

China's retail sales up 10.7% in April

Total retail sales of consumer goods stood at $395.4 billion, Xinhua news agency cited the National Bureau of Statistics (NBS) as saying.

May 15, 2017

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India's GDP growth likely to come at 7.4% in 2017-18: FICCI survey

The survey was conducted amongst economists belonging to the industry, banking and financial services sector.

May 15, 2017

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India reports higher trade deficit in April due to spike in gold, crude oil imports

In April, India's exports zoomed 20 percent while higher gold and crude oil purchases spiked imports by 49 percent; trade deficit ballooned to $13.24 billion.

May 15, 2017

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Mutual funds preferred private banks over tech stocks in April

In April, mutual fund managers preferred private banks, automobile makers, PSUs over IT companies such as Tech Mahindra, Wipro, TCS, Infosys, HCL Tech and Lupin.

May 15, 2017

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RBI asks banks to be cautious of Wannacry ransomware hitting ATMs: Report

WannaCry ransomware locked up critical data across the world, demanding bitcoins as ransom for its release, prompting RBI to act on bank ATMs.

May 15, 2017

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IT Layoffs: Six lakh jobs at Wipro, Infosys, HCL Tech, TCS, HCL Tech, Accenture, Capgemini under threat: Head Hunters Chairman K Lakshmikanth

Speaking to International Business Times, India edition, Head Hunters CMD Kris Lakshmikanth says re-training of IT employees has its limitations.

May 14, 2017

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India's forex reserves hit lifetime high of $375.7 billion; retail inflation falls to 2.99% for April

During the week ended May 5, India's foreign exchange reserves rose $2.98 billion to reach an all-time high of $375.71 billion, retail inflation for April came at 2.99 percent.

May 12, 2017

US Congresswoman Pramila Jayapal for thoughtful roll-out of H1-B visa changes

Pramila Jayapal (Democrat, Washington), is in India as part of a US Congressional delegation.

May 12, 2017

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First working session of G7 finance summit begins

The summit is being attended by finance ministers and banking representatives of the world's seven most industrialised nations.

May 12, 2017

Modi govt had approved introduction of Rs. 2,000 note in June last year: Report

The decision to demonetise Rs. 500 and Rs. 1,000 notes and introduce a new denomination (Rs. 2,000) in November had its origins in mid-2016.

May 11, 2017

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IT jobs: India's loss is America's gain; layoffs here, stepped-up hiring in US

Indian employees of Wipro, Infosys and Tech Mahindra may be a worried lot, but some of these IT companies are planning to hire American workers in a big way.

May 11, 2017

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India rejects Boston Scientific plea on stent price caps

The Modi government in February slashed prices of drug-releasing stents, small mesh devices used to pop open blocked arteries, by as much as 75 percent.

May 10, 2017