Economy News

Walmart to Target to Microsoft, the bear grip remains strong as US faces 4-decade high inflation

Walmart is much-watched as investors and economists look for clues about how the US consumer is weathering inflation but the results "were unexpected and reflect the unusual environment."

May 19, 2022

Pakistan Rupee plunges to Rs 200 per US dollar, historic low reflecting weakening economy

With a fresh decline of Rs 2.1, Pakistan rupee plunged to yet another historic low of Rs 199 against the US dollar during intraday trading, despite suspected intervention by the Central bank.

May 19, 2022

China's zero-COVID policy not "sustainable": WHO Chief as reports questioning Shanghai lockdown surface

The head of the World Health Organization said on Tuesday China's zero-tolerance COVID-19 policy is not sustainable given what is now known of the virus, in rare public comments by the U.N. agency on a government's handling of the pandemic.

May 11, 2022

Stock Markets: Sensex, Nifty traded steady in opening deals as rupee appreciates marginally

Indian equity benchmarks traded steady in early deals on Tuesday after a sharp slump the previous day.

May 10, 2022

Toyota Group signs MoU with K'taka for Rs 4,800 crore investment

The Toyota Group of Companies, comprising Toyota Kirloskar Motor and Toyota Kirloskar Auto Parts, on Saturday announced a Memorandum of Understanding (MOU) signed with the Karnataka government to invest Rs 4,100 crore of a total Rs 4,800 crore towards 'Make in India' and to enable a faster reduction in carbon emissions.

May 8, 2022

Why has the forex reserve sunk $44.73 billion in 8 months? (Explainer)

The fall in foreign exchange reserves is also due to a value loss, which reflects the US dollar's strengthening versus key currencies, as well as a drop in gold prices.

May 7, 2022

Despite 247K vacancies, US weekly jobless claims tick up to 200,000

Initial jobless claims in the US last week ticked up to 200,000 amid continued labour market tightness, the Labour Department reported.

May 6, 2022

US private sector adds 247,000 jobs in April

US private sector adds 247,000 vacancies in April; Nearly one person - two jobs situation

Private companies in the US added 247,000 jobs in April, indicating a slower growth in a tight labour market, payroll data company Automatic Data Processing (ADP) reported.

May 5, 2022

RBI drops the bombshell, raises the repo rate by 40 basis points to 4.40%

The RBI governor added that global oil prices are holding above USD 100 a barrel, which is seeping into local fuel prices, citing inflationary concerns.

May 4, 2022

SL Bankruptcy: DMK to contribute Rs 1 crore; Stalin appeals to people for help

Tamil Nadu Chief Minister M.K. Stalin has appealed to the people to contribute to the state government to buy food materials, and ship them to Sri Lanka to help the people of the island nation currently reeling under an economic crisis.

May 4, 2022

Twitter not to be free for business and Govts: Elon Musk

Tesla CEO Elon Musk on Wednesday said that business and government users on Twitter may need to pay a slight fee to stay on the micro-blogging platform.

May 4, 2022

India to become $ 5 trillion economy only by 2029 : IMF

It should be noted that the IMF decreased India's growth prediction for FY23 by 80 basis points to 8.2% in its latest World Economic Outlook report released last month.

May 4, 2022

GST collection touches all-time high in April at Rs 1.68 lakh cr

The monthly collection under the Goods and Services Tax (GST) has touched a record high of Rs 1.68 lakh crore in April 2022, data showed.

May 2, 2022

K'taka clears 60 new industrial projects; 8,575 jobs to be created [details]

Keeping up the industrial growth momentum, the Karnataka government has approved 60 industrial projects worth Rs 2,465.94 crore that would generate jobs for over 8,575 people in the state, an official statement stated on Sunday.

May 1, 2022

Wheat prices witness sharp hike after Russia-Ukraine war, above MSP for a change [Details]

Parallel to crude oil, prices of wheat and wheat flour too have seen a steep uptick ever since the war between Russia and Ukraine broke out in late February.

Apr 21, 2022

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Economy News

Walmart to Target to Microsoft, the bear grip remains strong as US faces 4-decade high inflation

Pakistan Rupee plunges to Rs 200 per US dollar, historic low reflecting weakening economy

China's zero-COVID policy not "sustainable": WHO Chief as reports questioning Shanghai lockdown surface

Stock Markets: Sensex, Nifty traded steady in opening deals as rupee appreciates marginally

Toyota Group signs MoU with K'taka for Rs 4,800 crore investment

Why has the forex reserve sunk $44.73 billion in 8 months? (Explainer)

Despite 247K vacancies, US weekly jobless claims tick up to 200,000

US private sector adds 247,000 vacancies in April; Nearly one person - two jobs situation

RBI drops the bombshell, raises the repo rate by 40 basis points to 4.40%

SL Bankruptcy: DMK to contribute Rs 1 crore; Stalin appeals to people for help

Twitter not to be free for business and Govts: Elon Musk

India to become $ 5 trillion economy only by 2029 : IMF

GST collection touches all-time high in April at Rs 1.68 lakh cr

K'taka clears 60 new industrial projects; 8,575 jobs to be created [details]

Wheat prices witness sharp hike after Russia-Ukraine war, above MSP for a change [Details]

Rashmika Mandanna's viral expression in Animal: Sandeep Reddy Vanga says, "Knew there would be a certain reaction"

Uploading offensive content: Srinagar Police takes cognizance against six persons [details]

"They look at my eyes and get scared": Rani Mukerji reveals why paparazzi doesn't take Adira's photos [details]

'In world of Animal choose Sam Bahadur': Vicky Kaushal aces as Sam Manekshaw; evokes sense of patriotism [Twitter review]

"Spoke more with Aishwarya Rai Bachchan than Kajol in 2000s": Rani Mukerji spills the beans on KWK