Economy News

Govt lists big names among 9,491 'high-risk' NBFCs that did not comply with PMLA

The NBFCs in India had been under the scanner after the demonetization drive. Now, many of them have been placed under the 'high risk' category for not complying with the PMLA.

Feb 27, 2018

PNB fraud: The scam is now worth Rs 12,700 cr, nearly 10 times PNB's annual profit

The fraud revelation that started from Rs 280 crore has now reached over Rs 12,700 crore, about 10 times than the PNB's annual net profit of Rs 1,324 crore during 2016-17.

Feb 27, 2018

Economy and markets: All you need to know to start your day on Feb. 27

SGX Nifty signals a positive start for the domestic markets after the benchmark Sensex climbed 303 points or 0.89 percent to close at 34,445 on Monday.

Feb 27, 2018

IPOs worth Rs 25,000 crore ready to hit the market this year: Know which companies are lined up

Around 24 companies are lined up to raise Rs 25,000 crore through IPOs in the coming months. While some have received SEBI nod for IPOs, some others are waiting for the green light from the market regulator.

Feb 26, 2018

Andhra Pradesh, not Mumbai, may get India's first hyperloop

Andhra Pradesh's Vijayawada-Amaravati route by HTT is likely to become the first hyperloop project to be operational in India.

Feb 26, 2018

World's highest-paid expats live in this Indian city, says HSBC survey

Mumbai is home to the world's highest-earning expats, who rake in more than twice the global average, shows the HSBC survey.

Feb 26, 2018

[Photos] Inside Buffett's annual investor meeting: American food, cartoons, shopping stalls

Billionaire investor Warren Buffett's investor meeting was no less than a mini carnival, where Berkshire Hathaway's shareholders queued to gain insights and wisdom from the investment guru.

Feb 26, 2018

Economy and markets: All you need to know to start your day on Feb. 26

SGX Nifty signals a positive start for the domestic markets after the benchmark Sensex climbed 322 points or 0.95 percent to close at 34,142 on Friday.

Feb 26, 2018

Stock market outlook, week of Feb. 26: Powell's testimony, Italy election, GDP data

The Indian markets will focus on newly appointed Federal Reserve chair Jerome Powell's first semi-annual testimony, the outcome of Italy election and a slew of economic data lined up for the week.

Feb 24, 2018

Bharat Dynamics, IREDA get SEBI nod to launch IPO

Bharat Dynamics and IREDA received 'observations' from the Securities and Exchange Board of India on February 15 and February 16, respectively.

Feb 24, 2018

Economy and markets: All you need to know to start your day on Feb. 23

SGX Nifty, an early indicator of the Nifty 50's trend in India, signals a positive start for the domestic markets after the benchmark Sensex lost 25 points or 0.07 percent to close at 33,819 on Thursday.

Feb 23, 2018

India ranks 81st in global corruption perception index: Know which country tops the list

India is ranked 81st in the global corruption perception index while Pakistan fared much worse by ending up at the 117th position.

Feb 22, 2018

Snapchat and Twitter may end Facebook's dominance in ad business, says analyst

Analyst predicts that Twitter and Snapchat may soon end Facebook's dominance in the ad market. He points to "a confluence of factors" that would help the two companies to grow faster.

Feb 22, 2018

Australia now has a bank note with some really cool features

Australian banknotes are totally waterproof, hard to counterfeit and relatively cleaner because they are resistant to moisture and dirt.

Feb 22, 2018

EPFO cuts interest rate to 5-year low: Is PF still a good saving option?

With interest rate on Employee Provident Fund at 8.55 percent, its time to analyse other government debt instruments such as Sukanya Samriddhi Account Scheme and Kisan Vikas Patra.

Feb 22, 2018