Economy News

Japan's monumental discovery of rare earths can supply the world for centuries

There are only a few economically viable areas where rare earth metals can be mined and they are generally expensive to extract.

Apr 16, 2018

UCO Bank fraud: Shares plunge 18% after CBI booked ex-chairman

UCO Bank shares plunged nearly 18 percent Monday after the CBI booked Arun Kaul, former chairman-cum-managing director of the bank in Rs 6.21 billion loan fraud case.

Apr 16, 2018

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India on currency manipulator watchlist: Should we be worried?

The Indian currency is now added to the 'watch list' of nations that may be intervening excessively in their foreign exchange markets and distorting trade flows.

Apr 16, 2018

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Idea, Vodafone may fire thousands of employees: Report

The merger of Idea and Vodafone could result in the loss of jobs for about a fourth of the telcos' combined 21,000-strong workforce in the next few months.

Apr 16, 2018

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Bad news! Govt not to raise EPF cover wage limit to Rs 21,000

The decision of not increasing the salary threshold may not go down well with workers' unions at a time of rising anti-government protests across the country.

Apr 16, 2018

US puts India on watch list over currency practices

The report of US department of treasury said that no major US trading partner was found to have met the legislative standards for currency manipulation.

Apr 14, 2018

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Sovereign Gold Bond scheme 2018-19 issue opens April 16: Know all details

The first tranche of Sovereign Gold Bond scheme for the current year 2018-19 will open for subscription from April 16 to April 20.

Apr 14, 2018

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Bangalore topped as most preferred city for MBA aspirants in India: Survey

Bangalore, Pune, Mumbai, Chennai, and Delhi are the top five cities that are of interest to MBA aspirants.

Apr 14, 2018

Coinsecure bitcoin theft: Exchange announces Rs 2 crore reward

Indian cryptocurrency exchange Coinsecure announces 2 crore reward to recover lost bitcoins and promises refund in 15 days to the investors.

Apr 14, 2018

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Markets weekahead: Infosys, Fed speeches, Inflation data, Earnings

The Indian markets will focus on political and trade tensions in the U.S., reaction to Infosys results, macro-economic data and a slew of Fed speeches in the coming week.

Apr 14, 2018

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Tax concession for start-ups with up to Rs 10 crore investment

Earlier several start-ups had received notices from tax authorities for violation of section 56 of the Income Tax Act, which provides for taxation of funds received by an entity.

Apr 13, 2018

Infosys Q4 results: Profit falls 28%

Infosys reported a 28 percent sequential fall in net profit to Rs 3,690 crore in the fourth-quarter results (ended on March 31) Friday.

Apr 13, 2018

H1-B visa applications down again but way more than annual cap

The U.S. Citizenship and Immigration Services received 190,098 H-1B petitions during the filing period, down from 199,000 applications in 2017.

Apr 13, 2018

Overseas money transfer: RBI to monitor remittance under LRS

The Reserve Bank of India has tightened its regulation norms on Liberalised Remittance Scheme under which an individual can transfer up to $2,50,000 abroad in a year.

Apr 13, 2018