Economy News

Wholesale inflation drops to four-month low of 4.53%

India's annual rate of inflation based on wholesale prices eased to 4.53 per cent in August from a rise of 5.09 per cent in July, official data showed on Friday.

Sep 14, 2018

'Next global financial crisis could trigger a 50% plunge in emerging market stocks'

In India, the projected fall in energy prices could be a silver lining amid the gloom of the next meltdown.

Sep 14, 2018

Amazon CEO Jeff Bezos launches $2 billion fund for homeless, low income families

Bezos said in remarks to the Economic Club of Washington that it is "really really hard" for a child to catch up if they fall behind in their early years.

Sep 14, 2018

US offers fresh trade talks with China

The two economic superpowers have already imposed tariffs of 25 per cent on more than $50 billion of each other's exports this year.

Sep 13, 2018

Prime Minister may call a review meeting to check depreciating rupee

The Indian currency is apparently under huge pressure due to the widening of the current account deficit and the repercussion of the escalating trade war between the United States and China.

Sep 12, 2018

Delhi HC refuses to intervene on daily change in fuel prices; says it's an economic issue

The court has asked the government to consider an earlier representation on price rise of petrol and diesel and listed the matter for further hearing on November 16.

Sep 12, 2018

American Analogy: Petrol at Rs 100 will be Narendra Modi's Bush moment

It requires no punditry to see that re-election is difficult when /if petrol costs Rs 100 a litre. If the RBI raises rates further to arrest the rupee's fall it will add another layer of misery to the people. Will Narendra Modi pull off an odds-defying performance?

Sep 12, 2018

Top Indian IT companies on a hiring spree; indicates growth in sector for 1st time in 3 years

Reports say that Tata and Wipro are expected to grow swiftly this fiscal year. Tata is predicted to cross 10 per cent growth while Wipro is looking to cross one per cent growth.

Sep 12, 2018

Mudra loans, Kisan credit cards should be examined for potential risk: Former RBI governor Rajan

Rajan said that the Credit Guarantee Scheme for MSME run by SIDBI is a growing contingent liability.

Sep 12, 2018

Negative global cues, weak rupee subdue Indian equity indices

According to analysts, investors feared that high petrol and diesel prices and a weak rupee would pump up the retail and wholesale inflation rates, thereby mitigating chances of a rate cut by the Reserve Bank of India in the near term.

Sep 11, 2018

Individuals pay more than $ 1 trillion in bribes each year, says UN chief

UN chief linked corruption to many forms of instability and violence, such as the illicit trafficking of weapons, drugs, and people, and noted that connections between corruption, terrorism and violent extremism have been repeatedly recognised by the Security Council and the General Assembly. Corruption costs $ 2.6 trillion, or five per cent of the global GDP.

Sep 11, 2018

India moves ahead of Japan to become third-largest world economy in terms of PPP

Purchasing power parity (PPP) compares how many goods and services a unit of money can purchase in different countries. While GDP shows the total productive output of a country, PPP compares the value of money in different countries.

Sep 11, 2018

Bharat Bandh unsuccessful; Rise in fuel prices beyond govt control, says law minister

Prasad said petrol and diesel prices are high due to the crisis in the international market.

Sep 10, 2018

PNB fraud: Interpol issues red corner notice against Nirav Modi's sister

The RCN against Purvi Modi was requested by the Enforcement Directorate (ED).

Sep 10, 2018

ICICI Bank controversy: Sebi to summon CEO Chanda Kochhar, her husband for questioning

ICICI Bank is being probed for serious allegations, which include non-disclosure lapses regarding Kochhar's husband Deepak and his brother's dealings which are suspected to be directly or indirectly linked to the bank or its borrowers.

Sep 10, 2018