Economy News

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Sigh of relief for debt-ridden Indian airline sector; government may allow external funding

The aviation ministry has sought for a cap of $500 million (Rs 34.5 billion) for a single company and $1 billion (Rs 69 billion) for the entire aviation sector.

Aug 9, 2018

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Major boost to government's fiscal deficit target; RBI to pay Rs 500-bn dividend for FY18

With the country heading towards next general election, the governments are likely to spend only with immediate benefits in mind.

Aug 9, 2018

Tesla privatisation plans: Board of directors evaluating Elon Musk's plan to take company private

In an email to Tesla employees earlier on Tuesday, CEO Elon Musk had said that he is going to take Tesla private in the future at a price of $420 per share.

Aug 9, 2018

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Dollar's march higher to run out of road within next six months: poll

Economists who had accurately forecast the US economy to expand 4.1 percent in the quarter just ended said that may be the peak for the world's largest economy.

Aug 9, 2018

RBI tightens grip on non-compliant NBFCs; cancels 368 licences

The financial stability report made by the Reserve Bank of India stated that the aggregate balance sheet size of the NBFC sector stood at Rs 22.1 trillion as of March 31.

Aug 8, 2018

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IMF calls for privatisation of Indian banks; warns against government ownership

The International Monetary Fund affirmed the significance of a comprehensive plan to improve the governance, internal controls, and operations of public sector banks, which also included privatisation of the public sector banks.

Aug 8, 2018

Who is Swaminathan Gurumurthy? Centre appoints RSS confidant to the RBI board

Gurumuthy is an economist by profession, a chartered accountant, and a commentator on political and economic affairs who is associated with the right-wing Rashtriya Swayamsevak Sangh.

Aug 8, 2018

Amid trade war with US, China reports its first current account deficit in 20 years

China has witnessed a steady fall in its current account surplus since the global economic crisis of 2008.

Aug 8, 2018

India needs to tighten monetary policy to curb inflation, says IMF

The inflationary pressures were mainly driven by higher oil prices and a falling rupee.

Aug 8, 2018

Trade war: India becomes dumping ground for Chinese and Japanese steelmakers

The steel imports from the world's largest steel producer soared 67 percent to 3,62,000 tonnes in the April-June period as against 2,17,000 tonnes in the previous quarter.

Aug 6, 2018

Saudi Arabia halts new trade deals with Canada, expels Canadian ambassador

Saudi Arabia is one of Canada's biggest export markets in the Gulf region and more than 15,000 Saudi students attend Canadian schools and universities.

Aug 6, 2018

Q1 results season, global trade tensions to affect markets' moves

Market analysts opined that crude oil prices and developments in the Monsoon Session of Parliament will also affect the markets' movement.

Aug 5, 2018

Trade war impact? China loses out to Japan as world's second-biggest stock market

Chinese currency and equities have been hit hard this year following the trade spat with the US and efforts by the government to check a slowing economy and cut debt.

Aug 3, 2018

Switzerland can give bank client data to India in tax dodge case: Court

Last year, the Swiss Supreme Court had rejected a French request for help in investigating a married couple for tax offences, ruling that data stolen from HSBC's Geneva private bank was inadmissible.

Aug 2, 2018

Public sector banks reluctant to disburse crop loans; Maharashtra govt threatens to take action

The Maharashtra government had earlier announced a loan waiver of R. 34,000 crore in June which was expected to help 89 lakh farmers in debt across the state.

Aug 2, 2018

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Economy News

Sigh of relief for debt-ridden Indian airline sector; government may allow external funding

Major boost to government's fiscal deficit target; RBI to pay Rs 500-bn dividend for FY18

Tesla privatisation plans: Board of directors evaluating Elon Musk's plan to take company private

Dollar's march higher to run out of road within next six months: poll

RBI tightens grip on non-compliant NBFCs; cancels 368 licences

IMF calls for privatisation of Indian banks; warns against government ownership

Who is Swaminathan Gurumurthy? Centre appoints RSS confidant to the RBI board

Amid trade war with US, China reports its first current account deficit in 20 years

India needs to tighten monetary policy to curb inflation, says IMF

Trade war: India becomes dumping ground for Chinese and Japanese steelmakers

Saudi Arabia halts new trade deals with Canada, expels Canadian ambassador

Q1 results season, global trade tensions to affect markets' moves

Trade war impact? China loses out to Japan as world's second-biggest stock market

Switzerland can give bank client data to India in tax dodge case: Court

Public sector banks reluctant to disburse crop loans; Maharashtra govt threatens to take action

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