Economy News

Spectrum auction: Combined bids fetch Rs 53,531 crore on day 1

The telecom operators showed high interest in the 1800 Mhz spectrum band, which is used for delivering 2G/4G services.

Oct 2, 2016

IDS 2016: Modi govt officially announces amount collected from tax defaulters

The four-month Income Declaration Scheme (IDS) 2016 closed on September 30.

Oct 1, 2016

10 million passengers bought railway travel insurance in 29 days of launch, says IRCTC

The travel insurance entails a premium of Re. 1 and provides insurance cover of up to Rs. 10 lakh.

Oct 1, 2016

India's foreign exchange reserves rise $1.1 billion to $370.76 billion

The Reserves Bank of India has published data on India's forex reserves for the week ended September 23.

Sep 30, 2016

IDS 2016: FM Arun Jaitley to reveal details of declarations on October 1

The Income Declaration Scheme (IDS) 2016 gives a one-time chance to come clean on undisclosed income.

Sep 30, 2016

Expect 50 bps rate cut by February 2017: HSBC

HSBC Securities and Capital Markets also says inflation is likely to fall below the RBI's target of 5% by March next year.

Sep 30, 2016

World's deepest, largest high-speed railway station coming up at Great Wall of China

The station will be built at Badaling, which is one of the most visited sections of the Great Wall of China.

Sep 29, 2016

Indian Railways excludes RPF, RPSF employees from 78-day bonus bonanza

The decision to pay 78-day bonus will benefit about 12 lakh non-gazetted railway employees.

Sep 28, 2016

India's Global Competitiveness Index ranking climbs up to 39th: World Economic Forum

India's ranking has climbed up 16 places from the 55th position last year.

Sep 28, 2016

India, Sri Lanka hold talks to expand bilateral trade

Commerce and Industry Minister Nirmala Sitharaman is on a two-day visit to Sri Lanka to discuss trade and investment.

Sep 28, 2016

India Inc. to post 14% earnings growth in FY17: Report

Mahesh Patil, Co-CIO, Birla Sun Life MF tells CNBC-TV18 that select sectors are poised to well this fiscal.

Sep 27, 2016

Private equity investments into realty sector spurt 64% in H1'2016

The country received Rs 19,137 crore PE investments in the sector during the first six months of calendar year 2016.

Sep 26, 2016

New airports to come up in Andhra Pradesh, Telangana

The three greenfield airports will come up at Bhogapuram, Dagadarthi (Nellore) and Orvakallu (Kurnool) and Kothagudem.

Sep 26, 2016

RBI Governor Urjit Patel to maintain liberal stance on interest rates, liquidity

However, It is not clear whether the RBI and the MPC would wait for more data instead of cutting rates on October 4.

Sep 26, 2016

Tourism summit 2016: 86 agreements worth Rs 15,000 crore inked

Tourism and Culture Minister Mahesh Sharma has assured the support and assistance of the ministry for investment projects.

Sep 26, 2016