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Economy News

Farmers harvesting their paddy

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
Bandhan Bank

Bandhan Bank becomes 7th largest Indian bank based on market capitalisation; here are the top 10

Bandhan Bank stands at Rs 84,325.35 crore after its shares rose by one percent on BSE at Rs 706.95. Comparatively, Yes Bank's market cap was Rs 84,262.14 crore. Its shares were trading 0.6 percent lower at Rs 365.70 from its previous close on BSE. Aug 1, 2018
Bullet Train

Godrej's alternate land 'suitable' for Mumbai-Ahmedabad bullet train, agency tells Bombay HC

Godrej and Boyce Manufacturing Company Limited had earlier objected to the acquisition of its prime 39,547 sqm property in Vikhroli for the mega project. Aug 1, 2018
Manufacturing

India's June infrastructure output growth hits 7-month high of 6.7 percent

The growth in output compares with an upwardly revised 4.3 percent year-on-year growth in May. During April-June, the annual output growth was 5.2 percent, data showed. Jul 31, 2018
ongc videsh offer to iran, farzad b gas field, india iran energy agreements, russia gazprom gets farzad b gas fields

Oil prices drop as OPEC production increases in July

Oil prices slipped on Tuesday after a report showed that OPEC production reached a 2018 high in the month of July, although the losses were limited as concerns about supply lingered. Jul 31, 2018
mehul Choksi

PNB scam: MEA requests Antigua to detain fugitive diamantaire Mehul Choksi

Mehul Choksi and his nephew Nirav Modi are under the scanner of the Enforcement Directorate (ED) and the Central Bureau of Investigation (CBI) for their alleged involvement in the Punjab National Bank (PNB) scam. Jul 30, 2018
Air India

Banks, lessors serve default notices to debt-ridden Air India

The country's national carrier has failed to generate enough profits to cover the interest it has to pay on its whopping Rs. 466.69 billion debt. Jul 30, 2018
bse opening on tuesday, sensex to gain on, uttar pradesh election results 2017, bjp wins in uttar pradesh, pm modi

Equity indices continue to set fresh benchmarks; Sensex breaches 37,500 mark

The barometer S&P BSE Sensex breached the 37,500-mark for the first time, touching an all-time high of 37,511.39 points and the NSE Nifty50 touched a record level of 11,318.50 points. Jul 30, 2018
us economy, america, credit card repayment, credit card debt, new credit card debti, wallet hub report on credit card debt

Spurred by trade war fears, US economy sees fastest growth rate in four years

The US economy saw its biggest rise in four years, with the GDP 4.1 percent as fears of the trade war hit domestic production. A sharp increase in consumer spending and the boost in exports of soybeans to China have been the biggest factors in the growth. Jul 28, 2018
India-China trade

Panel raises concern over Chinese imports affecting domestic industry

A parliamentary panel recommended the government to be more proactive in protecting the local business by introducing measures such as anti-dumping and anti-subsidy actions while imposing other restrictions. Jul 27, 2018
Cargo

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
drugs, medicines, pharmaceuticals,

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
Bombay Stock Exchange (BSE)

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

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
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