Economy News

India retains crown as 'world's fastest growing economy'; China a close second

Indian economy's roller-coaster ride during the year gone by was best captured by the GDP growth. In the first quarter of 2018-19 ending June 30, it grew at an impressive 8.2 percent, after 7.7 percent in the first three months of the year.

Jan 1, 2019

Nifty, Sensex mark cautious start to 2019

This year is expected to be a crucial one for India as it heads into a general election that must be held by May.

Jan 1, 2019

Ethiopian staff demand 8 months' salary as IL&FS hostage crisis deepens

The Ethiopian Road Authority has decided to back the demand of the locals after authority met to discuss the issue last week.

Dec 31, 2018

Sharp dip in two-wheeler sales forces West Bengal govt to review license rules

Notably, the West Bengal government had issued a "stringent" notification in June this year which resulted in the sales of scooter and motor-cycle falling sharply

Dec 31, 2018

India will see strong economic growth in 2019: CII

"The positive outlook is buttressed by strong drivers emanating from the services sector, infrastructure structure including construction equipment and better demand conditions arising out of election spending," CII said.

Dec 31, 2018

Dollar steady; Aussie gains on US-China trade developments

The dollar traded narrowly against its peers on Monday, as risk sentiment remained fragile over heightened concerns of slowing global growth and a partial U.S. government shutdown.

Dec 31, 2018

Petrol and diesel prices at its lowest in 2018

Petrol prices, which have been on a decline since October 18 except for one day, are at their lowest level of 2018. Diesel rates are at their lowest since March-end.

Dec 30, 2018

India overtakes China in FDI inflows first time in 20 years

While India received more than $38 billion in FDI so far this year China lagged behind with $32 billion, data from global M&A and capital markets data provider showed.

Dec 28, 2018

Centre mulls Rs 60,000 crore agricultural package to meet Congress loan waiver challenge

Hectic parleys target announcement of a programme with free crop insurance, credit schemes and relief measures before the 2019-2020 Union Budget.

Dec 28, 2018

Retailers retaliate: Offline vendors stop stocking Bosch, Siemens products

Brick-and-mortar chains will not stock German manufacturer's products after it failed to stop online deep discounts

Dec 28, 2018

Rupee surges 19 paise against dollar in early trade

At the Interbank Foreign Exchange, the rupee opened on a strong note at 69.79 a dollar against the previous close of 70.14.

Dec 26, 2018

Global stocks under a cloud as US political tumult adds to growth anxiety

US Treasury Secretary Steven Mnuchin had also raised market concerns by convening a crisis group amid the pullback in stocks.

Dec 26, 2018

Big relief for states as Modi govt may compensate on GST till 2025

The 15th Finance Commission has been tasked to make a blueprint on the modalities of the compensation proceeds to the state governments.

Dec 25, 2018

Indo-French talks on largest atomic power plant to begin soon

Nuclear Power Corporation is studying the techno-commercial proposal of prospective French partner EDF

Dec 24, 2018

Global cues, derivatives expiry to chart stock market's course

Globally, concerns over a slowdown in international growth and the ongoing partial US government shutdown are expected to be major themes during the truncated weekly trade.

Dec 23, 2018