Economy News

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7th Pay Commission: Allowances could be hiked effective from April, higher HRA possible

A decision on raising the allowances of Central government employees as recommended by the 7th Central Pay Commission is overdue.

Feb 17, 2017

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VC-backed funding to Indian fintech companies fell sharply in 2016: CB Insights

Indian fintech companies saw VC-backed funds investing $388 million in 2016 as against $1,580 million in 2015; global funding for fintech companies also dropped.

Feb 17, 2017

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Nasscom could give a projection of 6-8% for FY 2018, says Nirmal Bang; TCS to consider share buyback

India's IT services lobbying body Nasscom has cited global uncertainty and Trump policies to defer projections for FY 2018.

Feb 16, 2017

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India's trade deficit rises in January 2017 due to higher imports, lower exports

January 2017 external trade update shows exports up 4.3% and imports increasing 10.7%, leading to trade deficit widening, YoY.

Feb 15, 2017

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GroupM forecasts lower growth rate for TV ads in 2017

In its 'This Year Next Year' report for 2017, GroupM says TV ads would grow at 8 per cent in 2017.

Feb 15, 2017

New chapter in Indo-US ties on cards? 27 US Congressmen coming to India in February

Two delegations — one with 19 Congressmen and another with eight, from both the Democratic and Republican parties — will visit India later this month.

Feb 15, 2017

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Mutual fund managers went on a selling spree in IT, pharma stocks in January 2017; 2 companies do not figure in the list

Some of the stocks MF managers sold include TCS, HCL Technologies, Cyient, Mindtree, Tec Mahindra, Torrent, Sanofi and Dr Lal Pathlabs.

Feb 15, 2017

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After Sasikala's guilty verdict, Tamil Nadu now needs to focus on its economy

Tamil Nadu is home to many global auto companies such as Hyundai, Ford and Renault, besides domestic players Ashok Leyland, TVS and Royal Enfield.

Feb 14, 2017

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Fake Rs. 2000, Rs 500 notes could be in the market soon

Smugglers pay around Rs 400 to Rs 600 in genuine currency for each Rs 2,000 note, depending on the quality, Rahman had confessed.

Feb 13, 2017

India to merge commodity boards to boost output, exports

The Sebi has also approved a draft amendment to allow commodity derivative exchanges to deal in options.

Feb 12, 2017

Nitin Gadkari: The man who has brought highways and shipping ministries to prominence

Nitin Gadkari is often described by both his partymen and even critics as "the best-performing minister in the Modi government."

Feb 12, 2017

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Indian rupee hits 14-week high against US dollar; tax collections rise

Sustained debt and equity buying by foreign investors enables the Indian rupee to close at a 14-week high against the US dollar; tax collections also increase.

Feb 11, 2017