Economy News

Xiaomi sets up new manufacturing units in India

Xiaomi rides the Make in India wave: To create 50,000 jobs

Xiaomi has set up three new smartphone manufacturing units in Tamil Nadu and Andhra Pradesh, along with company's first Surface Mount Technology (SMT) plant in Chennai.

Apr 9, 2018

While India is buying planes by hundreds, China is creating an industry

India's aviation market is expected to surpass that of China in the next 10 to 15 years, but there's little done in terms of setting up indigenous manufacturing units to meet the burgeoning demand.

Apr 9, 2018

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Check list of 11 public sector banks under RBI scanner over NPAs

Government sources reportedly confirmed that more banks are expected to be brought under the Prompt Corrective Action (PCA) framework because of deteriorating performance.

Apr 9, 2018

Six finance related jobs to make money from home

There is a long list of finance-related jobs that can be done from the comfort of sitting at home, from full-time corporate positions to freelance writers

Apr 9, 2018

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Markets weekahead: U.S. trade war, macro data, Zuckerberg testimony

The Indian markets will focus on macro-economic data, fourth-quarter earnings and Facebook CEO Mark Zuckerberg's testimony to Congress in the coming week.

Apr 7, 2018

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New Delhi is India's most hospitable city, says report

Maharashtra was rated as the most hospitable state with the highest five-star reviews from guests. Goa, Delhi, Karnataka and Kerala are also on top in the index.

Apr 6, 2018

Reliance Jio's entry helped India save $10 billion a year: Report

The report predicted that Reliance Jio could help increase India's per capita GDP by about 5.65 percent, if the economic conditions remained the same.

Apr 6, 2018

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Is RBI planning to launch its own cryptocurrency code-named Lakshmi?

If introduced, Lakshmi would run on an implementation of the blockchain technology, which is the backbone of digital currencies like bitcoins.

Apr 6, 2018

Indian yoga guru Ramdev gestures to his supporters at the Ramlila grounds during his agitation against corruption and black money in New Delhi on Aug. 9, 2012.

Baba Ramdev unveils new game plan: To launch Patanjali garments in 2019

Patanjali, which is one of the fastest-growing companies in India, is all to enter into the garment manufacturing business next year.

Apr 6, 2018

Income tax department to scan wealthy people migrating abroad

The Central Board of Direct Taxes (CBDT) has set up a five-member working group to examine the taxation aspects related to High Net Worth Individuals (HNIs) migrating abroad.

Apr 6, 2018

Reliance Jio is on a hiring spree: Looks to recruit 3,000 executives

Reliance Jio is set to hire at least 3,000 executives across India for various job titles.

Apr 5, 2018

RBI monetary policy review: Repo rate unchanged at 6 percent

The Reserve Bank of India on Thursday kept its key lending rate, the repo rate, unchanged at 6 percent.

Apr 5, 2018

Bitcoin price falls below $7,000: Will it rebound?

As government watchdogs around the world more closely scrutinize the crypto sector, cryptocurrencies are facing uncertainty and the price of bitcoin fell below $7,000 on Wednesday.

Apr 5, 2018