Economy News

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Loss-making SAIL declines dividend to government for FY18

SAIL, which is India's second-biggest steel company by current levels of production, said it had been due to pay out Rs. 21.71 billion, including tax to the government based on its "net-worth" last financial year.

Sep 1, 2018

Home loans to get costlier now as SBI hikes lending rate by 0.2 percent

The rate hike by bank comes a month after the Reserve Bank of India (RBI) hiked benchmark lending rate, called repo rate, by 25 basis points to 6.5 per cent.

Sep 1, 2018

GDP grows 8.2% in June quarter, best in over 2 years

Bank deposits fell Rs 719.00 billion to Rs 115.11 trillion in the two weeks to August 17, the Reserve Bank of India's weekly statistical supplement showed on Friday.

Aug 31, 2018

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Air India gets another lifeline as govt decides to infuse additional Rs 980 crore

A major part of these funds - around Rs 550 crore - will be used to service interest on non-convertible debentures (NCDs) that are due in September.

Aug 31, 2018

Rupee hits fresh low of 71; drops 40 paisa against the US dollar

Apart from high crude oil, the outflow of foreign funds from the Indian equity and bond markets has had an adverse impact on the rupee.

Aug 31, 2018

Is Modi govt planning massive 15% hike in natural gas prices?

This hike could be seen as a means to profit in the oil market in India in companies like ONGC and Oil India.

Aug 30, 2018

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SBI warns of 'noticeable increase' in counterfeit notes detected in new Rs 500, Rs 2,000 notes

The report said that there was a "noticeable increase" in the fake currencies detected in the denomination of the new Rs 500 and Rs 2,000 notes which are up by 4,178 per cent and by 2,710 per cent respectively

Aug 30, 2018

Chanda Kochhar case: ICICI tells SEBI that it was unaware of the conflict of interest

ICICI bank was responding to a show cause notice issued by SEBI on 23rd May, the bank submitted that it was not aware of any conflict of interest and hence could not make any disclosure to the market regulator which is mandatory under the listing regulations.

Aug 30, 2018

99.3% demonetised notes returned to banks: RBI

RBI spent Rs 7,965 crore in 2016-17 on printing new Rs 500 and Rs 2,000 and other denomination notes.

Aug 29, 2018

Caesar Sengupta, Vice-President, Next Billion Users initiative and Payments, Google, at Google for India event on August 28, 2018.

Google Pay makes instant bank loans easier than ever for Indian users

Google has rebranded its payments app from Google Tez to Google Pay and introduced several new features and tie-ups. Read all about it here.

Aug 29, 2018

Bengaluru-based startup ZestMoney raises $13.4 million from Xiaomi

The series A funding was led by PayU which also participated in the current round of funding along with other existing investors — Ribbit Capital and Omidyar Network.

Aug 28, 2018

Private power sector companies to face insolvency proceedings on default of Rs 1.7 lakh crore loan

The Reserve Bank of India had earlier this year tightened the norms for clearing bad debts by setting timelines for resolving the stressed asset within 180 days.

Aug 28, 2018

Rupee has not depreciated to a worrying level, govt must focus on CAD: Raghu Ram

Rajan, who was RBI governor for three years till September 2016, said that this is a time where countries should be focusing on getting the macro stability in order.

Aug 28, 2018

Kerala floods: Bill Gates' foundation pledges to donate Rs 4 crore for relief fund

The Gates Foundation's Emergency Response program aims to help accelerate rapid responses to natural disasters and complex emergencies through the quick disbursement of funds to humanitarian organizations.

Aug 27, 2018

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Central Govt to speed up disinvestment process to achieve Rs 80,000 crore target

For the financial year 2019, the government has just managed to raise Rs. 9,200 crore as opposed to the target set at Rs. 80,000 crore. It still needs to generate an additional Rs. 50,000 crore to achieve Rs. 59,000 target by year-end.

Aug 27, 2018

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Economy News

Loss-making SAIL declines dividend to government for FY18

Home loans to get costlier now as SBI hikes lending rate by 0.2 percent

GDP grows 8.2% in June quarter, best in over 2 years

Air India gets another lifeline as govt decides to infuse additional Rs 980 crore

Rupee hits fresh low of 71; drops 40 paisa against the US dollar

Is Modi govt planning massive 15% hike in natural gas prices?

SBI warns of 'noticeable increase' in counterfeit notes detected in new Rs 500, Rs 2,000 notes

Chanda Kochhar case: ICICI tells SEBI that it was unaware of the conflict of interest

99.3% demonetised notes returned to banks: RBI

Google Pay makes instant bank loans easier than ever for Indian users

Bengaluru-based startup ZestMoney raises $13.4 million from Xiaomi

Private power sector companies to face insolvency proceedings on default of Rs 1.7 lakh crore loan

Rupee has not depreciated to a worrying level, govt must focus on CAD: Raghu Ram

Kerala floods: Bill Gates' foundation pledges to donate Rs 4 crore for relief fund

Central Govt to speed up disinvestment process to achieve Rs 80,000 crore 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