Economy News

Trade war: US hints at waiving duty on Indian steel with conditions

The development has come at a critical point as any further delay in the tariff deliberations would lead to further escalation in the trade war which is already sending shock waves across world markets.

Jul 26, 2018

Drug-makers to take a hit? Govt may ban 343 'irrational' medicines

The Chandrakant Kokate committee found out that these drugs are irrational and pose health risks, post which the ministry of health and family welfare banned 349 FDCs.

Jul 26, 2018

Venezuela's President Nicolas Maduro launched new Venezuelan cryptocurrency

Venezuela to remove zeros from its currency as inflation set to breach one million percent in 2018

President Nicolas Maduro said that the country will remove five zeros from its currency, the Bolivar, to battle the rising inflation projected to reach 1 million percent this year.

Jul 26, 2018

HDFC AMC IPO subscribed 43% in first 3 hours

IPO received a positive response from the investors as 81,00,560 shares were subscribed against the issue size of 1,88,04,290 shares.

Jul 25, 2018

Flipkart to bring down the curtain on eBay India in August

Flipkart had bought the Indian operations of California-based eBay in 2017 and received $500 million as a trade-off for a 5 percent stake for the American E-commerce player.

Jul 24, 2018

IT companies Q4 results India Inc call center corporate earnings

Q1 Results: IT and FMCG companies post strong show

The first quarter of the FY19 so far has been driven by IT and FMCG players. The sectors also registered double-digit growth in sales and profit against the drop it witnessed last year in the same quarter.

Jul 23, 2018

Neemuchwala's turnaround strategy for Wipro stands on aggressive mergers and acquisitions

Bengaluru-based Wipro expects revenue from its key IT services business for the quarter ending September to be in the range of $2.01 billion to $2.05 billion.

Jul 23, 2018

Domestic spending to get a boost after GST rate cuts

The recommendation to cut goods and services tax on more than 50 goods could not have come at a better time when the festive season is about to kick off.

Jul 23, 2018

Dubai hits rough patch as markets slump; economic slowdown on the cards?

Dubai is going through a rough patch as residential property prices have dropped by more than 15 percent since late 2014 and are still falling. The stock market is down 13 percent this year, the worst performance in the region.

Jul 22, 2018

US oil giants to lobby against tighter Russia sanctions

Oil companies such as Exxon Mobil have been vocal about their stance against Russia sanctions. Opponents claim sanctions unfairly penalise U.S. companies.

Jul 21, 2018

Vedanta says shut down of Tuticorin copper smelter could result in $100 million of losses

The company, which has been marred in controversy following the violence during the Sterlite protests in Tuticorin, has sought a permanent injunction against the state government from interfering with the operations of its copper smelter.

Jul 20, 2018

Microsoft shares have risen 180 percent since Satya Nadella took over as chief executive

Much of Microsoft's recent growth has been fueled by its cloud computing business, which has benefited from companies rushing to shift their workloads to the cloud to cut data storage and software costs.

Jul 20, 2018

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Weak Rupee, no-confidence vote help IT stocks soar

Sensex sees a rise as Rupee weakens after a no-confidence vote and a drop in the value of the Yuan. IT stocks are the biggest earners from the weakening value of India's currency.

Jul 20, 2018

North Korean economy falls lowest in 20 years as sanctions hit hard

Estimates by the Bank of Korea say that North Korea's GDP fell by 3.5 percent in 2017, its largest drop since 1997. With denuclearization talks in full swing, Kim Jong Un is attempting to revive his country's economy at the earliest.

Jul 20, 2018

China's offer to build economic corridor in Myanmar reaches final stage

The two government seems to be interested on project by but a there is a number issues that may block its progress.

Jul 19, 2018

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Economy News

Trade war: US hints at waiving duty on Indian steel with conditions

Drug-makers to take a hit? Govt may ban 343 'irrational' medicines

Venezuela to remove zeros from its currency as inflation set to breach one million percent in 2018

HDFC AMC IPO subscribed 43% in first 3 hours

Flipkart to bring down the curtain on eBay India in August

Q1 Results: IT and FMCG companies post strong show

Neemuchwala's turnaround strategy for Wipro stands on aggressive mergers and acquisitions

Domestic spending to get a boost after GST rate cuts

Dubai hits rough patch as markets slump; economic slowdown on the cards?

US oil giants to lobby against tighter Russia sanctions

Vedanta says shut down of Tuticorin copper smelter could result in $100 million of losses

Microsoft shares have risen 180 percent since Satya Nadella took over as chief executive

Weak Rupee, no-confidence vote help IT stocks soar

North Korean economy falls lowest in 20 years as sanctions hit hard

China's offer to build economic corridor in Myanmar reaches final stage

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