Economy News

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

Greater Noida: Big boost for Jewar Airport as farmers give consent for land acquisition

The state government had earlier assured the farmers that it will drop the project if they disagree to hand over their land to the local administration.

Sep 9, 2018

US-China trade war: Apple urges Trump admin to revise proposal; products to get costlier

Apple, which is set to unveil new iPhones and other products on September 12, said this would put it at a disadvantage relative to foreign competitors, and that the US would be hit the hardest by taxing these categories.

Sep 9, 2018

Gold rates declines by Rs 100 for second straight day; silver bounces back by Rs 275

Globally, gold prices fell 0.28 per cent to USD 1,196.20 an ounce in New York in yesterday's trade following upbeat US jobs data that strengthened the dollar and eroded demand for the precious metals as a safe haven.

Sep 8, 2018

Germany aims to achieve full employment by 2025; targets debt reduction

Merkel said the government would use its 2019 budget - due to be debated in parliament next week - to invest in helping the long-term unemployed get back to work with a view to achieving full employment by 2025.

Sep 8, 2018

Parliamentary panel requests RBI to ease capital adequacy norms for PSBs

The committee has urged the central bank to relax these norms for nine out of 21 PSBs which could free up capital up to Rs. 5.34 trillion to boost the lending practice of the banks.

Sep 7, 2018

Amid spiraling fuel prices, TN govt says onus on Centre to slash taxes

The rising fuel prices have triggered a political debate, with the Congress announcing a nation-wide shutdown on September 10 against the spiraling rates.

Sep 7, 2018

BJD holds protests against fuel price hike in Odisha

Petroleum Minister Dharmendra Pradhan said the BJD was suffering from mental bankruptcy as Odisha was now getting a revenue of over Rs 7,000 crore as against Rs 3,000 crore in 2014.

Sep 7, 2018

The Trump effect? US job growth accelerates in August; unemployment rate drops

The US government imposed import duties on goods including steel, aluminium, lumber and solar panels early this year to protect American industries from what Trump says is unfair foreign competition.

Sep 7, 2018

Digital currency is more cost effective than physical currency: Andhra CM

He also shared the update of capital city Amaravati's development and also blamed the central government for not giving funds and creating hurdles.

Sep 6, 2018

Rupee hits all-time low of 72.12, drops 37 paise against US dollar

Investors remained concerned over sustained foreign capital outflows and widening current account deficit in the wake of soaring crude oil prices.

Sep 6, 2018

Sharjah FDI Forum to begin in December; business leaders to discuss future of global economies

The new edition will address the current socioeconomic developments and changes in global economies, and the integration of innovative solutions and technologies to boost competitiveness and sustainability.

Sep 6, 2018

GST impact: Unemployment rate increased from 4.1% to 6.4 % despite economic growth

For Prime Minister Narendra Modi, the drawbacks of the GST, especially the job losses, could prove costly in major state elections later this year and a general election in mid-2019.

Sep 6, 2018

China's Xi offers $60 billion aid; move to curb Indian presence in Africa

India has a strong presence in the continent with around 140 Indian companies having invested close to $4 billion in South Africa.

Sep 4, 2018

India keeps Iranian oil flowing; defies US sanctions pressure

China and India are importing oil from Iran by using ships and insurance provided by them.

Sep 4, 2018