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Economy News

US and China

China escalates trade war with reciprocal tariffs on 106 US products

China said that it would levy 25 percent tariffs on imports of 106 US products including soybeans, automobiles, chemicals, and aircraft, in response to proposed American duties on its high-tech goods. Apr 4, 2018
Reliance Jio

Jio Payments Bank to compete with Airtel, Paytm and others: Quick facts

Jio Payments Bank is the latest entrant in the market, after payments banks from Airtel, India Post, Fino Paytech and Paytm. Apr 4, 2018
startup, indian startups, indian start-ups, startups in india, nasscom, indian it, it layoff, it hiring

India as the next Silicon Valley: World Bank says do the homework

World Bank has said that India needs to do more about the under-developed innovation ecosystem in the country. Apr 4, 2018
Home loan

No respite for borrowers as RBI links base rate with MCLR

The move comes at a time when the interest rates are poised to rise after nearly four years easing cycle, according to market experts. Apr 4, 2018
Dollars

Japanese company offers $1 million for the right tech talents

At a time when Indian techies are staring at tough times in the United States, Japan is offering irresistible salary to IT professionals. Apr 3, 2018
H-1B visa, visa

H-1B visa applications drop on Trump's growing anti-immigration rhetoric

Critics of the H-1B visa have accused Indian consulting companies of abusing the system by flooding the lottery with applicants the daily added. Apr 3, 2018
gold silver prices buying demand weak titan pc jeweller gitanjali gems global cues dhanteras 2016 auspicious hindus festival diwali bse nse

Gold prices glitter upon rising trade war fears

Spot gold was up 0.1 percent at $1,341.68 per ounce as of 0045 GMT. It climbed 1.3 percent on Monday in its biggest one-day percentage rise in a week. Apr 3, 2018
flydubai

Flight tickets to Dubai likely to get expensive next summer

Authorities at Dubai Airports have reportedly asked Indian carriers to reduce their capacities by half due to runway closure for 45-days from April 16, 2019. Apr 3, 2018
Big Bazaar

Big Bazaar imitates Walmart's 'everyday low price' model as competition heats up

The Kishore Biyani-owned retail chain is changing its discount pricing strategy and mimicking Walmart's global everyday low pricing business model. Apr 3, 2018
upi npci bank payments mobile banking goes live 21 banks digital banking unified payment interface national payments rbi commercial

BHIM UPI transactions touch Rs 1 trillion, big boost for cashless economy

According to National Payments Corporation of India data, UPI-enabled app BHIM has recorded approximately 913 million transactions in the financial year 2017-18. Apr 2, 2018
lpg imports by india, lpg imports by india, give it up campaign, pm modi pushes lpg campaign, modi govt, ppac data for march, india cruce oil imports

LPG price cut: Know how much you have to pay now

Oil marketing companies in the country have reduced non-subsidized and subsidized LPG cylinder prices by Rs 35.50 and Rs 1.74, respectively. Apr 2, 2018
bahrain flag

Bahrain discovers largest oil reserve: How will it impact country's oil production?

Bahrain has discovered the country's biggest oilfield in decades.It is expected that the new discovery could have a major impact on the country's oil production. Apr 2, 2018
titan, tanishq, gst on gold, gold prices in india, titan share price, pc jeweller share price, tata group, market cap, tata steel share price, tcs share price

Modi's digital push bolsters India's appetite for e-gold

The purchase for gold is likely to increase in the coming weeks for next month's Akshaya Tritiya festival. Apr 2, 2018
UB city, Bengaluru

Indian cities witnessing rapid growth: Hyderabad, Bengaluru top in short-term growth

Indian cities secured top ranks in the 'short-term momentum ranking' in JLL's latest annual global report titled City Momentum Index (CMI) 2018. Apr 2, 2018
Petrol pump

Why petrol price is at a 4-year high, and will keep rising

Petrol price has surged to a four-year high of Rs 73.73 a liter while diesel rates touched an all-time high of Rs 64.58 in Delhi. Apr 2, 2018
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