Economy News

'Sawan ko aane do' is the heartfelt expectation of all Indians: SBI chief Arundhati Bhattacharya

In India, 75 percent of the rainfall occurs between June and September; 60 percent of the cropped area is rain-fed, says SBI.

May 16, 2016

Sebi plans to attach properties, bank accounts of promoters for repeatedly violating listing norms: Report

The proposed changes by Securities and Exchange Board of India (Sebi) will kick in if the infringements happen in two consecutive quarters.

May 16, 2016

Vijay Mallya ready to return to India if assured of his safety, freedom

Mallya, whose company owes banks about Rs. 9,000 crore, has the support of United Breweries Ltd. board, the Economic Times reported.

May 16, 2016

Delhi's per capita income for FY17 may rise to Rs. 2.8 lakh

State-wise performance of Delhi is better when compared to other states such as Bihar, Haryana, Odisha and Madhya Pradesh.

May 15, 2016

China asks Britain for advice on creating financial super-regulator

The talks signal Beijing's growing willingness to seek outside help to improve regulation of its financial infrastructure.

May 15, 2016

Bank of Baroda, Dena Bank, Allahabad Bank and UCO Bank bad loans double

State-run banks Bank of Baroda, UCO Bank, Allahabad Bank and Dena Bank had cumulative bad loans (net NPAs) of Rs. 46,372 crore by March 2016.

May 14, 2016

Thomas Piketty says Brexit would be political suicide for UK

Rock star French economist made remarks at announcement his book Capital will be turned into a film.

May 14, 2016

NITI Aayog's new 15-year vision to replace Five-Year Plan from 2017

The new vision will include internal security, defence and sustainable goals alongside the social and economic goals.

May 14, 2016

Stronger dollar weighs on oil; Dow drops 1 percent

Wall Street closed lower, with the Dow down 1 percent, as oil's decline dragged on energy shares.

May 14, 2016

Foreign exchange reserves fall $1.13 billion to $362 billion

India's foreign exchange reserves fell from $363.12 billion to close at $361.99 billion in the week ended May 6, according to RBI data.

May 14, 2016

India's April trade deficit falls to $4.8 billion

India's export for April 2016 also fell for the 17th month in a row.

May 13, 2016

Raghuram Rajan evinces interest in 2nd term, says there is 'always more to do'

The governor recently said that he had not heard from the government on extension of his term at the central bank.

May 13, 2016

EU referendum: IMF warns Brexit could lead to sizeable losses in income

IMF warns the UK Brexit could lead to prolonged uncertainty and sizeable losses in income.

May 13, 2016

Konkan Railway to spend Rs. 20,000 crore to improve operations: Report

Projects worth Rs. 20,000 crore are being implemented on the 741-km railway line to enhance efficiency, a Konkan Railway official told FE.

May 13, 2016

RBI modifies shareholding norms for Indian private banks

Promoters (natural persons) can now hold 15 percent as against 10 percent earlier, according to the amended guidelines issued by the RBI.

May 13, 2016