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Economy News

De-monetisation of currency

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
some-of-bitcoin-enthusiast-mike-caldwells-coins-are-pictured-at-his-office-in-sandy-utah-september-17-2013-caldwell-produces-physical-coins-bitcoins-which-have-been-around-since-2008-and-have-become-a-form-of-electronic-money-that-can-be-exchanged-w

Bitcoins worth Rs 20 crore stolen from Indian cryptocurrency exchange Coinsecure

According to Coinsecure, the funds were lost while their CSO Amitabh Saxena was extracting Bitcoin Gold to distribute to their customers. Apr 13, 2018
sensex at all time high, sensex at new high, indian stock markets, djia at record high, djia makes history

Bandhan Bank joins the club of top 50 most valuable Indian companies

Bandhan Bank, with a market capitalization of Rs 640 billion, reached the 50th rank for the first time ever since its listing Thursday. Apr 12, 2018
cryptocurrency

Vietnam suffers $660 million cryptocurrency fraud: Calls for tougher regulations

Modern Tech is now at the center of investigation behind the scam after duping as many as 32,000 investors of an estimated $660 million in relation to two Ponzi schemes. Apr 12, 2018
tcs share market cap fall outlook q2 earnings hdfc stock market bse bombay stock exchange building brokers profit sales shares sensex gainers losers

IDBI Bank shares fall over 3% after RBI levies Rs 3 crore fine

The RBI's penalty will not have any material impact on the bank, IDBI stated in a filing to the Bombay Stock Exchange. But the bank's shares slipped to a one-week low. Apr 12, 2018
India economy

Economic freedom index: India ranks 130th, Hong Kong retains top spot

According to the 2018 Index of Economic Freedom report, India is ranked 30th in the Asia–Pacific region, and the overall score is below regional and world averages. Apr 12, 2018
gold biscuits gold bars gold prices india jewellery rally decline gold coins shopping imports stock markets

Gold price touches one-week high amid geopolitical tensions

Geopolitical tensions and the US inflation data had an impact on traders' sentiments, resulting in an increase in the demand for the safe-haven metal in the global market. Apr 11, 2018
jlr sales may 2017, jaguar sales may 2017, land rover may 2017 sales, tata motors share price, motilal oswal on tata motors

China opens up auto, financial sectors as Trump tariff war shows results

With the current move, foreign financial institutions will get the chance to compete with domestic players in market whose size is estimated at $40 trillion. Apr 11, 2018
bank, banks, atm, cash, note ban, demonetisation, modi govt, no cash, rbi, bank deposits

Here's why Telangana, Andhra ATMs are still reeling under cash crunch

A majority of automated teller machines (ATMs) in Andhra Pradesh and Telangana are still running without cash due to non-supply of notes. But what has led to this sudden crunch in cash supply? Apr 11, 2018
bjp flag

BJP declares 2016-17 income of Rs 1,034 crore, 80% higher than 2015-16

The 7 national parties -- BJP, Congress, NCP, BSP, CPI(M), CPI, and Trinamool Congress -- have declared a total income of Rs 1,559.17 crore. Apr 11, 2018
india gdp, asian development bank, adb projects india gdp for fy2018, indian economy

India's GDP growth at 7.3% in 2018-19, backed by GST, demonetization: ADB

Asian Development Bank says growth in South Asia remains among the world's fastest, driven by a recovery in India, the region's largest economy. Apr 11, 2018
Office

Blockchain jobs in India: Which city offers the most opportunities?

Bengaluru followed by Mumbai, Hyderabad, Pune, and Chennai are the top-five destinations for blockchain careers in the country. Apr 10, 2018
gold prices in india, gold stocks, titan share price, tbz share price, gold consumption, gold jewellery in india, wgc gold demand

Go gold: 3 gold investment schemes backed by Indian government in 2018

There's no better way of investing in gold than through the government-backed methods. Know more about Gold Monetization Scheme, Sovereign Gold Bonds Scheme, and Indian Gold Coin. Apr 10, 2018
Air China

Which is the world's busiest airport? Delhi's IGI among top 20

According to the Airports Council International (ACI), close to 104 million passengers passed through the Hartsfield-Jackson Atlanta International Airport in 2017. Apr 10, 2018
bse bombay stock exchange losers gainers building people employees sensex

Decent debut for Lemon Tree Hotels: Shares close 29 percent higher

Shares of Lemon Tree Hotels made a strong debut on the exchanges on Monday with a premium of 10 percent. Apr 9, 2018
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