Economy News

India, UAE to hold bilateral talks on trade, geopolitics ahead of crown prince's R-Day visit

UAE is looking to invest in India's growing real estate sector apart from ports and hydro-carbon fields.

Oct 10, 2016

India seizes more illegal Chinese firecrackers; Indians call for boycott of Chinese products this Diwali

The Central Board of Excise and Customs warned about "illegal foreign origin firecrackers" that are hazardous in nature.

Oct 10, 2016

ICICI, Sundaram, IDBI and Reliance Mutual Funds launch new schemes

Equity and debt investment options are on offer by ICICI, Sundaram, IDBI and Reliance Mutual Funds.

Oct 10, 2016

Here is the full text of FM Arun Jaitley's speech at IMFC Plenary on 'IMF Institutional Issues'

The speech was delivered by Arun Jaitley at Washington on Saturday (Oct. 8).

Oct 10, 2016

7th Pay Commission: Finance Ministry abolishes 7 advances to Central government employees

It includes festival advances for leave salary, law suits, bicycle, warm clothing and natural calamity, as proposed by 7th pay commission.

Oct 10, 2016

Q2FY17 preview: Analysts expect IT sector to clock the worst performance in 10 years

Some of the reasons could be the slow growth in the banking and financial sector and Brexit among other things.

Oct 10, 2016

Govt to invite bids for developing waterways project

Funding for the project would come via extra budgetary support, public-private partnerships and central road fund cess.

Oct 9, 2016

Consumer durable companies confident of buoyant sales this festive season

A consumer electronics and appliances body says that business is likely to increase by 15-20 per cent this festive season.

Oct 8, 2016

7th Pay Commission: CGA to check for excess payment to Central government employees

The government had earlier asked the CGA to release salary arrears as proposed by the pay commission "without pre-check".

Oct 8, 2016

World's fastest-growing economy now has $372 billion in foreign exchange reserves

The Reserve Bank of India (RBI) says forex reserves jumped $1.22 billion as of September 30, 2016.

Oct 8, 2016

Foreign investors net buyers of Indian equities in first week of October

Foreign institutional investors (FIIs) buy Indian stocks worth Rs 1,686 crore on a net basis in October.

Oct 8, 2016

Q2FY17 preview: Consumer companies to report steady volume growth in September quarter, says Nomura

The bonanza to Central government staff from pay commission proposals and benefits of good monsoon won't reflect in Q2.

Oct 7, 2016

Tourist flow to Punjab hit hard due to Indian Army's surgical strikes

Industry insiders say that the tourist footfall to the holy city of Amritsar has plummeted as much as 45 per cent.

Oct 6, 2016

India Post Payments Bank to hire 1,710 managers ahead of September 2017 launch

The recruitment drive begins as India Post Payments Bank gets ready to roll out banking services from September 2017.

Oct 6, 2016

Indian, Chinese jobs under threat due to automation: World Bank president Jim Kim

Automation threatens 69 percent of jobs in India and 77 percent in China, says the WB president, citing research.

Oct 5, 2016