Economy News

Extra scrutiny for loan applicants as private banks become overly cautious

Recent corruption investigations surrounding ICICI Bank and Axis Bank have made other private-sector lenders extremely fussy in granting loans.

Apr 19, 2018

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SBI India's most trusted bank: Samsung, Sony, and LG among top brands

According to the TRA Brand Trust Report 2018, State Bank of India is the most trusted bank in the country and ICICI tops in private sector.

Apr 19, 2018

ATM usage could cost more as operators demand interbank transaction fee hike

The CATMi has demanded that interbank fee should go up by at least Rs 3-5 per transaction to enable the ATM operators to recover their costs.

Apr 19, 2018

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Cash crunch: Currency situation at ATMs improving, says SBI

The SBI is constantly monitoring the situation and making efforts to ensure the supply of currency in abundance at all SBI ATMs, the bank stated.

Apr 18, 2018

Housing sales jump by 33% in Indian cities: Delhi-NCR reports highest growth

Sales of residential apartments jumped 33 percent in India's top nine cities during January-March 2018, says a survey report.

Apr 18, 2018

Meet New Zealand's PM Ardern: Unmarried, pregnant and going on maternity leave

In June, Ardern will become just the second woman in history to give birth while being an elected head of state.

Apr 18, 2018

Akshaya Tritiya 2018: Things to keep in mind while buying gold

During this Akshaya Tritiya, here are the six things that you should know before stepping into a jewelry store.

Apr 18, 2018

CBI probing Surya Pharmaceuticals in Rs 621 crore fraud involving 5 banks

The CBI registered a case against Surya Pharmaceutical, directors and promoters on the charge of cheating a consortium of five banks led by the Punjab and Sindh Bank to the tune of Rs 621 crore.

Apr 18, 2018

Cryptocurrency to forge a new market in Russia

Key representatives from IDACB and RACIB are endorsing, and taking part, in the upcoming World Blockchain Summit, which will be held in Moscow on April 26–27.

Apr 18, 2018

Facebook begins fact-checking fake news as Karnataka elections loom

The social network announced the fact-checking pilot program with Boom to help review news stories posted on social media.

Apr 18, 2018

Here's why ATMs across India are facing cash crunch

News reports from various states, including Andhra Pradesh, Madhya Pradesh, Telengana, Maharashtra and Bihar, said that automated teller machines (ATMs) were facing a cash crunch.

Apr 18, 2018

Capricorn Food to go public: IPO details

Capricorn Food Products aims to utilize IPO proceeds toward repayment of debts of the company, investment in its subsidiary Gonglu, and general corporate purposes.

Apr 17, 2018

Mahindra & Mahindra share price: Company's market cap over Rs 1 trillion

Mahindra and Mahindra Limited (M&M) has joined the Rs 1 trillion market cap club of companies Tuesday on the BSE (Bombay Stock Exchange).

Apr 17, 2018

Top-paying jobs, cities in India: Doctors, management professionals, Bangalore lead list

Employees in Bengaluru are earning an average annual salary of about 10.8 lakhs, says Randstad Insights. Pune stands second at Rs 10.3 lakhs.

Apr 17, 2018

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Can India create 81 lakh jobs annually to maintain employment rate?

Job creation has been one of the biggest headaches for the prime minister Narendra Modi-led government and the recent guidance from the World Bank could further aggravate worry on this count.

Apr 17, 2018