Economy News

Hike in oil prices? OPEC struggles to keep up production amid Trump's Iran sanctions

The output numbers for the month of August is likely to add more pressure on the oil-producing countries amid US President Donald Trump calling them to lower the oil prices.

Sep 23, 2018

Amid spiraling fuel rates, petrol prices rise to Rs 89.97 in Mumbai

The prices of diesel also continued to scale new highs on Sunday under India's dynamic pricing regime, after remaining unchanged for four successive days.

Sep 23, 2018

New IRDAI rules stipulate Rs 15 lakh protection in motor accidents

The insurance agencies have been given time till October 25 to file the products.

Sep 22, 2018

Fitch upgrades India's growth forecast for FY19 to 7.8%

An upswing in manufacturing activity and revival of private investment, supported by strong consumer demand, accelerated India's GDP growth rate in the first quarter of 2018-19 to 8.2 per cent, official data showed last month.

Sep 22, 2018

Amid trade war, Trump admin slaps Chinese military with sanctions for Russian fighter jets, missiles deal

The sanctions are related to China's purchase of 10 SU-35 combat aircraft in 2017 and S-400 surface-to-air missile system-related equipment in 2018, the State Department said.

Sep 21, 2018

Jet Airways to end free meal service for economy class passenger from September 25

The move comes two years after the airline introduced 'Fare Choices', a flexible, tier-based, fare-choice system that helped flyers customise their travel needs by choosing their preferred fare.

Sep 20, 2018

Govt appoints 10 public sector bank chiefs

SBI Deputy MD Pallav Mohapatra has been appointed as MD and CEO of Central Bank of India.

Sep 20, 2018

Mega bank merger infuses job loss fears

It seems mere verbal assurance from the Union Finance Minister does not seem to have pacified the employees, particularly at the lower level.

Sep 19, 2018

Bengaluru pips Singapore as top destination for tech companies, startups in Asia

The IT capital of India is said to be the fastest-growing city in Asia in the next five to 10 years offering a deep talent pool, according to the report by Colliers International.

Sep 19, 2018

Delhi HC rejects plea to disclose formula behind fuel pricing

A bench of Chief Justice Rajendra Menon and Justice V. Kameswar Rao refused to interfere with the government policy on fixing petrol prices.

Sep 19, 2018

Asian business confidence at worst level in 3 years as 'upturn in world economy ends'

'We have witnessed a cyclical upturn in the world economy that had to come to an end. We see the end of the cycle in advanced economies as well as emerging markets.'

Sep 19, 2018

India's largest law firm Cyril Amarchand Mangaldas under CBI lens in PNB fraud case

Cyril Amarchand mangaldas (CAM) has more than 600 lawyers. It has advised companies such as Alphabet Inc's Google, Microsoft, Standard Chartered and India's ICICI Bank, according to research firm The Legal 500.

Sep 19, 2018

India delays imposition of higher tariffs on some US goods to November

Trade differences between India and the United States have risen since President Donald Trump took office, but India's decision to further delay comes as the two countries negotiate a package to remove trade frictions over a range of items.

Sep 19, 2018

Gold prices fall as investors turn to dollar for safety amid US-China trade tensions

Gold prices have declined over 12 per cent from April amid the intensifying trade dispute between the United States and China, the world's top two economies.

Sep 18, 2018

Alibaba's Jack Ma calls US-China trade frictions a mess, warns of two-decade-long impact

Ma said trade tensions would likely impact Chinese and foreign companies immediately and negatively.

Sep 18, 2018