Economy News

In fresh headache for Modi, GDP growth slumps to 7.1% in second quarter

New numbers pose a headache for Modi government as it enters an election year and faces criticism over new back series GDP numbers

Dec 1, 2018

Trade war escalation the 'most likely' outcome of Trump-Xi dinner: Goldman Sachs

The G-20 summit could be the last chance to the economic powerhouses to avoid a full-fledged trade war which has sent shock waves across the global financial markets.

Nov 30, 2018

lL&FS crisis spill over, employees detained in Ethiopia by unpaid local staff

The letter highlighted the inability of the IL&FS management to send funds due to the restriction imposed by the Reserve Bank of India (RBI).

Nov 30, 2018

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Demonetisation continues to haunt India as notes printed in 2016 becomes unusable

The scale of the problem is so huge that apart from the Rs 2,000 and Rs 500 notes, even the newer Rs 10 notes, which were issued this year have also started to become 'unusable'.

Nov 30, 2018

Narendra Modi and Rahul Gandhi fake Twitter followers report is flawed

With crude at year's low, fuel smiles on PM Narendra Modi in election year

Riyadh was hoping that it could piece together a plan to announce an output cut at the Organisation of Petroleum Exporting Countries (Opec) summit next week, but the Russian response hasn't been positive.

Nov 29, 2018

Slashed GDP growth estimates for Manmohan Singh years sparks row

The Central Statistics Office (CSO) had estimated that India's GDP grew by 8.5 per cent in the 2010-11 financial year, and not at 10.3 per cent as previously estimated.

Nov 29, 2018

RBI stricture on promoter share dilution worries investors ahead of December deadline

The share prices of Bandhan Bank and Kotak Mahindra Bank have tanked substantially following the RBI directives.

Nov 28, 2018

Maldivian joint opposition presidential candidate Ibrahim Mohamed Solih

India offers cash-strapped Maldives $1 billion in loans, but is there a catch?

Under the leadership of former president Abdulla Yameen, Maldives is known to have borrowed a large amount of money from China and the funds were used to build infrastructure and houses as part of Beijing's Belt and Road initiative

Nov 28, 2018

Major relief for NBFCs and small business as RBI eases hedging norms

In a circular issued by the central bank, for ECBs which have a maturity period between three-five years, the mandatory hedging requirement has come down to 70%, instead of the earlier level of 100%.

Nov 28, 2018

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Sensex ends up 160 points, financial stocks close flat

The Sensex settled up 159.06 points or 0.45 per cent at 35,513.14, from its previous close of 35,354.08. It touched an intra-day high of 35,555.16 and a low of 35,262.97.

Nov 27, 2018

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Govt-RBI tussle is far from over; turf war could spill over at Dec 14 meeting

A Bloomberg report says the government nominees on the board will ask RBI to take steps to prevent banks from accumulating bad loans rather than penalise them after the fact.

Nov 27, 2018

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Indian workers' pay rising fastest in South Asia, but wage inequality is high too

The report also finds that globally women continue to be paid approximately 20 per cent less than men.

Nov 27, 2018

Modi govt's U-turn on subsidies revs up hybrid car makers

Heavy industries department seeks incentives for buyers of at least 10,000 hybrid cars with lithium-ion batteries.

Nov 27, 2018

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Booster shot for economy as state govts accelerate capital spending

For the 20 major states, the aggregate capital expenditure during the April-September period stood at 1.31 lakh crore which is 16 per cent higher than in the year-ago period.

Nov 27, 2018

Indian delegation to explore contracts in $500 billion Saudi infra projects

Union Commerce Ministry said that the tour has been organised by the Economic Diplomacy Division of India's External Affairs Ministry (MEA). The delegation to Riyadh will be led by MEA Additional Secretary Manoj Bharti.

Nov 26, 2018

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Economy News

In fresh headache for Modi, GDP growth slumps to 7.1% in second quarter

Trade war escalation the 'most likely' outcome of Trump-Xi dinner: Goldman Sachs

lL&FS crisis spill over, employees detained in Ethiopia by unpaid local staff

Demonetisation continues to haunt India as notes printed in 2016 becomes unusable

With crude at year's low, fuel smiles on PM Narendra Modi in election year

Slashed GDP growth estimates for Manmohan Singh years sparks row

RBI stricture on promoter share dilution worries investors ahead of December deadline

India offers cash-strapped Maldives $1 billion in loans, but is there a catch?

Major relief for NBFCs and small business as RBI eases hedging norms

Sensex ends up 160 points, financial stocks close flat

Govt-RBI tussle is far from over; turf war could spill over at Dec 14 meeting

Indian workers' pay rising fastest in South Asia, but wage inequality is high too

Modi govt's U-turn on subsidies revs up hybrid car makers

Booster shot for economy as state govts accelerate capital spending

Indian delegation to explore contracts in $500 billion Saudi infra projects

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