Economy News

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RBI monetary policy review: Repo rate unchanged at 6 percent

The Reserve Bank of India on Thursday kept its key lending rate, the repo rate, unchanged at 6 percent.

Apr 5, 2018

Bitcoin price falls below $7,000: Will it rebound?

As government watchdogs around the world more closely scrutinize the crypto sector, cryptocurrencies are facing uncertainty and the price of bitcoin fell below $7,000 on Wednesday.

Apr 5, 2018

Five payments banks in India: Know how they differ

Here is the list of five payments banks in India in 2018 and it's key features.

Apr 5, 2018

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More pain ahead: Indian banks stare at Rs 2.5 trln new bad loans

Power sector has been a major concern in India, due to decline in fiscal health of State Electricity Boards.

Apr 5, 2018

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Vistara can now start global operations, gets its 20th aircraft

According to government's 0/20 rule, an airline should have at least 20 aircrafts in its fleet before being allowed to fly internationally.

Apr 4, 2018

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

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

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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

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

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 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

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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

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 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

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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