Economy News

Bad loans of State Bank of India, Punjab National Bank, Bank of Baroda and ICICI Bank now at a staggering $18.5 billion

The net NPAs of SBI, PNB, Bank of Baroda and ICICI Bank have spiked over 100 percent from $8.56 billion at the end of FY2015.

May 27, 2016

Shinzo Abe may delay sales tax hike by 2 years: Media

Abe would likely announce the delay in sales tax hike as early as June 1, when the current parliament session closes.

May 27, 2016

Brexit would be serious risk to global economic growth: G7 leaders

Brexit was listed alongside geopolitical conflicts, terrorism and refugee flows as a potential shock of a "non-economic origin".

May 27, 2016

RBI Governor Rajan warns of risks to global economy from China slowdown

Contraction in China's imports has had a cascading impact on the global economy, Raghuram Rajan said at a SAARC event.

May 26, 2016

This tech park in India claims it does not have central air-conditioning

The Karnataka High Court dismissed Manyata Tech Park's claim that it is not a "centrally air-conditioning" building.

May 26, 2016

Indian women earn 18.8% less than their male counterparts: Report

One of the main reasons for the difference in income is lack of women in highest-paying job roles and industries.

May 26, 2016

Rajdhani ticket not confirmed? Try Air India instead

The agreement between the state-run carrier and IRCTC gives waitlisted passengers on Rajdhani Express an option to fly by Air India.

May 26, 2016

Tata Steel yet to finalise buyer for UK assets

Some of the bidders for Tata Steel's business are Liberty House, JSW Steel, Management buyout team and Greybull Capital.

May 26, 2016

Japan's Abe to take G7 leaders to shrine as economy tops summit agenda

Abe was to take U.S. President Barack Obama and other G7 partners to the expansive grounds of Ise Grand Shrine in central Japan.

May 26, 2016

India seen holding off for now on reducing raw sugar import tax

Sugar production in the current year ending Sept. 30 is likely to drop following two drought years in a row.

May 26, 2016

What new Capital Goods Policy means to India

The policy aims to facilitate improvement in technology depth across sub-sectors and propel India's direct and indirect employment numbers in the capital goods sector.

May 25, 2016

Greece debt crisis: Eurozone ministers approve fresh bailout funds after marathon talks

Greece has unlocked €10.3bn (£7.9bn, $11.5bn) of fresh funds from creditors as Eurozone finance ministers struck a deal to continue financing the debt-stricken country.

May 25, 2016

Switzerland considers paying $2,500 per month to every citizen

On June 5, the Swiss will vote whether to introduce the basic income system in the economy or not, Bloomberg reported.

May 24, 2016

Supreme Court rejects plea seeking total ban on water supply to Maharashtra liquor industry

A petitioner had sought the Supreme Court to issue directions to the state government to fully stop water supply in the wake of drought.

May 24, 2016

Foreign investors like Indian equities, shun debt

Net equity position of foreign portfolio investors (FPIs/FIIs) is $2.06 billion while it is negative in debt investments.

May 24, 2016