Economy News

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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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Corporate India witnesses sharp decline in employment growth since last decade

Since all the employment data is not shared by these firms, the assessment was done on the basis of creating four sets of time periods with a common sample for each time-period to calculate the jobs growth.

Aug 27, 2018

Another stake sale of an Indian retail player? Google may invest in Future Group

The Future Group is looking for an additional capital infusion through a strategic partnership to streamline operations and increase profitability amid the deep-pocketed retailers is battling it hard to capture the booming Indian retail market.

Aug 27, 2018

Big victory for Cyrus Mistry: NCLAT says Tata Sons can't force him to sell shares

The final judgement on the conversion of the company will be taken by the two-judge NCLAT bench, headed by Justice S.J. Mukhopadhyay, after hearing final arguments next month.

Aug 24, 2018

Residential projects worth Rs 4.6 trillion stuck across major cities

Mumbai and Delhi have topped the list, with projects worth Rs. 2.34 trillion and Rs. 1.26 trillion in uncertainty.

Aug 24, 2018

US sanctions on Iran starts to show its effect; India's oil imports bill set to increase

India is likely to face an uphill task to look for the options to sustain oil imports from Iran, the third-biggest crude supplier after Iraq and Saudi Arabia.

Aug 23, 2018

Delhi's second airport? Hindon airbase in Ghaziabad to soon get regional connectivity

The AAI will use the airstrip of the Indian Airforce which has its base in Hindon. Notably, Airforce station Hindon is the biggest air base in Asia.

Aug 21, 2018

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Economy News

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

Corporate India witnesses sharp decline in employment growth since last decade

Another stake sale of an Indian retail player? Google may invest in Future Group

Big victory for Cyrus Mistry: NCLAT says Tata Sons can't force him to sell shares

Residential projects worth Rs 4.6 trillion stuck across major cities

US sanctions on Iran starts to show its effect; India's oil imports bill set to increase

Delhi's second airport? Hindon airbase in Ghaziabad to soon get regional connectivity

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