Economy News

Crude oil prices, demonetisation likely to dampen Christmas celebrations for Indians

OPEC and non-OPEC members agree to limit crude oil output, lifting prices; petrol, diesel prices are poised to rise in India.

Dec 12, 2016

RBI not in favour of government's move to cut card payment charges

The RBI argued that any reduction in card transaction charges will make the business model unsustainable for banks.

Dec 12, 2016

Qatar to merge Qatargas and RasGas to create a bigger entity

The move is seen as the Gulf country's efforts to adapt to a low energy pricing environment.

Dec 12, 2016

Indian insurers rush to buy bank capital after rule change

Insurance Regulatory Authority of India has allowed insurers to invest in AT1 rupee bonds with local ratings of AA and above.

Dec 12, 2016

Demonetisation: India might import 20,000 tonnes of currency paper to sail through cash crunch

This decision was taken following a meeting of the finance ministry officials chaired by Economic Affairs Secretary Shaktikanta Das.

Dec 12, 2016

Ticket prices may be hiked again as railway mobilises resources for safety fund

Sources say railway has no option but to increase prices as its proposed safety fund did not get a favourable response from the finance ministry.

Dec 11, 2016

Police raids law firm in South Delhi; recovers Rs 13 crore

Of the money recovered, Rs 2.5 crore was found to be in new currency notes.

Dec 11, 2016

RBI asks banks to deploy maximum new Rs 500 notes in ATMs

The central bank wants to ensure wider and equitable distribution of these currencies, which is only possible if maximum amount is given through ATMs.

Dec 10, 2016

Evening wrap: Trump on H-1B visa holders, Sushma Swaraj's kidney transplant, the next probable Miss World, and more

Read about the next two contestants who could be asked to leave Bigg Boss 10, and rumours of Playboy founder Hugh Hefner's death.

Dec 10, 2016

IMF chief Christine Lagarde on trial in France over tycoon case

Lagarde is under fire for failing to challenge a payout award in favour of business tycoon Bernard Tapie during her tenure as French finance minister.

Dec 10, 2016

This is how PM Modi and Rajnath Singh replied to Rahul Gandhi's remarks on demonetisation and disruption in Parliament

The prime minister said he was not being allowed to speak in the Lok Sabha, and hence was speaking in jan sabha — public meetings.

Dec 10, 2016

Won't allow H-1B visa workers to replace Americans: Donald Trump

Any regulatory change in regard to H-1B visa will negatively impact Indian IT companies the most.

Dec 10, 2016

Silicon Valley, automation and universal basic income; what to do to stay one step ahead of the robots?

You can either learn computer programming and make the robots or slowly become obsolete as our robots take over all the jobs in the world.

Dec 9, 2016

Airport security measures: These six Indian airports will no longer require security stamps on hand luggage tags

Passengers will not be required to get the security stamp on their hand baggage tags before boarding a flight.

Dec 9, 2016

India is likely to get a version of the Avril bullet train, thanks to Spanish firm Talgo

Talgo's CEO Jose' Maria de Oriol Fabra said the company would make a bid for the contract.

Dec 9, 2016