Economy News

UAE gears up one-year countdown to Expo 2020 Dubai

The mega event is expected to attract about 25 million visitors over a period of six months to the prestigious venue, which is spread across 4.38 square kilometres in Dubai South economic zone.

Oct 20, 2019

Govt may permit private sector companies to commercially mine coal post Diwali

Government sources said that draft rules, bid documents and agreements for commercial mining has been prepared and it would be finalised by the first week of November.

Oct 20, 2019

Is India the new China? Sitharaman eyes blueprint for firms fleeing trade war

Finance Minister Sitharaman says a 'blueprint' to attract investment deserting China over trade tensions with the US will have importance beyond the current crisis.

Oct 20, 2019

India to beat US in global economic growth share by 2024; China to remain at top

India will be among 20 nations dominating global growth in 2024 in nominal terms, IMF data show.

Oct 20, 2019

IMF praises India's corporate tax cut; calls it positive impact on economy

The funding body went on to say that while this has a positive impact, India should also consider the fiscal consolidation, address it and secure long-term stability of the fiscal conditions.

Oct 19, 2019

Karnataka tops first-ever innovation ranking of states, sponsored by NITI Aayog

Karnataka also grabbed the top position in terms of attracting investment followed by Maharashtra, Haryana, Kerala, Tamil Nadu, Gujarat, Telangana, Rajasthan, and Uttar Pradesh.

Oct 18, 2019

Can India tide over economic crisis that may be worse than the 2008 recession?

Goldman Sachs believes the liquidity issue that NBFCs fuelled is only part of the story as the consumption fall is responsible for a third of the overall slump that began snowballing from January 2018.

Oct 18, 2019

Galaxy care becomes first hospital in the world to ACQUIRE THE VERSIUS SURGICAL ROBOTIC SYSTEM

Galaxy Care is a well-established centre of excellence for laparoscopic surgery

Oct 18, 2019

Reliance Industries becomes first Indian firm to hit Rs 9 lakh cr market cap ahead of Q2 results

The surge in market capitalisation and share prices comes ahead of the company's second-quarter results to be announced later in the day.

Oct 18, 2019

DHFL reports $29 million loss in June quarter; company under financial stress

One of India's biggest housing finance companies, DHFL posted a net loss of 2.06 billion rupees during the quarter compared with a profit of 4.35 billion rupees.

Oct 18, 2019

Home sales decline 25% in July-September: Report

A comparison of numbers between the first half of FY19 and FY20 also showed that home sales and new launches moved downwards.

Oct 18, 2019

Sitharaman's economic revival plan goes for a toss, slowest credit growth in last two years

The data shows that although retail lending activities have increased, lenders are taking a much cautious approach on some consumer loans.

Oct 17, 2019

Satya Nadella gets 66% pay hike in 2018-19; guess how much he makes

When Satya Nadella took over from Steve Ballmer in 2014, he took home $84.3 million which is the highest earnings in a fiscal year for him so far.

Oct 17, 2019

Sensex, Nifty nearly flat; metal stocks drag

Investors in India hoped that the government's corporate tax cut last month would give a fillip to companies' September-quarter earnings.

Oct 17, 2019

PMC bank scam: ED identifies more assets of HDIL promoters, directors

The development comes a day after the probe agency revealed that Patel, as the then Union Minister of Heavy Industry, was a frequent flier on Wadhawans' luxury private jet Bombardier Challenger 300.

Oct 17, 2019