Economy News

SBI cuts charges for non-maintenance of minimum balance: Know new rates

The revised rates for the non-maintenance of Average Monthly Balance (AMB) in SBI savings accounts will be effective from April 01, 2018.

Mar 13, 2018

Bharat Dynamics IPO opens: Points to note before investing

The Bharat Dynamics Initial Public Offer will close on March 15 and the equity shares are proposed to be listed on both Bombay Stock Exchange (BSE) and National Stock Exchange (NSE).

Mar 13, 2018

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Indian economy enjoying Goldilocks moment: Are we going the U.S. way?

The latest economic data showed that factories increased production faster while retail inflation eased for the second straight month in February.

Mar 13, 2018

Economy & markets roundup: Stocks wobbly ahead of U.S. inflation data

SGX Nifty, an early indicator of the Nifty 50's trend in India, signals a flat start for the domestic markets after the benchmark Sensex climbed 610 points or 1.83 percent to close at 33,917 on Monday.

Mar 13, 2018

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Aadhaar linking, tax filings, NPS contribution: Things to do before March 31

From the filing of income tax returns to linking Aadhaar card with bank accounts, March 31 is the last date to complete many mandatory tasks.

Mar 12, 2018

Hindustan Aeronautics IPO to open on March 16, raise Rs 4,200 crore

The face value of the Hindustan Aeronautics Limited (HAL) share is fixed at Rs 10 per share. The issue price band will be Rs 1,215 to Rs 1,240 per share.

Mar 12, 2018

PNB fraud: All state-run banks exposed to Rs 12,000 crore scam

In the light of the Punjab National Bank scam, the Reserve Bank of India has started a special audit of public sector banks.

Mar 12, 2018

Economy & markets update for March 12: Strong U.S. jobs report buoys sentiment

SGX Nifty signals a strong start for the domestic markets after the benchmark Sensex lost 44 points or 0.13 percent to close at 33,307 on Friday.

Mar 12, 2018

List of countries where Indians can travel without visa, get visa-on-arrival

UK think tank Royal Commonwealth Society calls for cheaper visas for Indians

A proposed UK-India Visa Agreement would reduce the cost of a two-year visa from £388 (Rs 34,939) to just £89 (Rs 8,014) and let travelers make repeat visits within two years.

Mar 10, 2018

Passport mandatory for loans of more than Rs 50 crore from PSBs

Following the PNB scam, the Finance Ministry has made passport details mandatory for loans above Rs 50 crore from Public Sector Banks so that defaulters cannot escape abroad.

Mar 10, 2018

RBI slaps Rs 5 crore penalty on Airtel Payments Bank

The decision has been taken as Airtel Payments Bank violated the 'Operating Guidelines' and directions issued by RBI on Know Your Customer norms.

Mar 10, 2018

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Stock market outlook, week of March 12: Inflation, Bharat Dynamics IPO, US data

The Indian markets will focus on inflation and industrial production figures back home and a slew of U.S. macro-economic data in the coming week.

Mar 10, 2018

16.65 crore PAN, 87.79 crore bank accounts linked to Aadhaar as deadline nears

As many as 87.79 crore bank accounts have been linked to Aadhaar number as on March 2, minister of state for finance Shiv Pratap Shukla said in the Lok Sabha.

Mar 9, 2018

Fire at Chennai Airport's ATC Room Affects Operations; Flights Re-Routed

UDAN Version 2: Details about Regional Connectivity Scheme's overseas flights

Announcement of UDAN version 2 comes at a time when major Indian carriers are expanding fleets to connect smaller cities.

Mar 9, 2018

As US tightens H-1B visa norms, Japan to recruit 2 lakh Indian IT professionals

Good news for the Indian techies who are facing troubles due to changes in the H-1B visa norms in the US. Japan is planning to issue green cards for skilled professionals.

Mar 9, 2018