Economy News

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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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7% of GDP and 5 mln jobs: Gems exports sector stalls as credit crunch bites

According to the Indian brand Equity Foundation, the Gems and Jewellery (G&J) sector in India contributes around 29 percent to the global jewellery consumption.

Nov 26, 2018

EU approves Theresa May's Brexit deal; UK Parliament to vote in December

The UK Parliament is expected to vote on the deal in early December but its approval is by no means guaranteed, with Labour, the Lib Dems, the SNP, the DUP and many Conservatives MPs set to vote against.

Nov 26, 2018

EPFO payroll data: 79 lakh jobs created in last 13 months

The data also showed that in September employment generation grew more than 2 times to 9.73 lakh in September as against 4.11 lakh in the same month last year.

Nov 25, 2018

Apollo Tyres ropes in Sachin Tendulkar: Here are Master Blaster's other brand endorsements

From German carmaker BMW to payments solutions provider Oxigen, Sachin Tendulkar has lucrative brand endorsement deals even years after his retirement from cricket. Apollo Tyres is just the latest in the list.

Nov 23, 2018

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GDP growth: India at top spot among major economies; China remains second

Rating agencies estimate growth at 7.5 per cent despite several economic headwinds like high fuel prices and currency volatility.

Nov 23, 2018

Public sector banks CEOs can now request look-out circulars against wilful defaulters

The move comes against the backdrop of defaults by Vijay Mallya, Nirav Modi, and Mehul Choksi and thereafter, fleeing the country.

Nov 23, 2018

Half of India's ATMs to close down by March 2019; is 'Digital India' ready?

The Confederation of ATM Industry (CATMi) has warned against another financial shock which may arrest the cash supply in the economy.

Nov 23, 2018

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Safe-haven dollar trades lower as risk-on sentiment returns

The dollar index, a measure of its value versus six major peers, traded lower at 96.7 on Thursday. The index lost more than 0.1 percent of its value in the previous trading session.

Nov 22, 2018

Heavy truck sales to get affected amid liquidity crunch

Small non-banking financial cooperation (NBFCs) are struggling to raise loans moreover with bigger financiers raising interest rates, fleet operators are forced to delay the orders.

Nov 21, 2018

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Economy News

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

7% of GDP and 5 mln jobs: Gems exports sector stalls as credit crunch bites

EU approves Theresa May's Brexit deal; UK Parliament to vote in December

EPFO payroll data: 79 lakh jobs created in last 13 months

Apollo Tyres ropes in Sachin Tendulkar: Here are Master Blaster's other brand endorsements

GDP growth: India at top spot among major economies; China remains second

Public sector banks CEOs can now request look-out circulars against wilful defaulters

Half of India's ATMs to close down by March 2019; is 'Digital India' ready?

Safe-haven dollar trades lower as risk-on sentiment returns

Heavy truck sales to get affected amid liquidity crunch

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