Economy News

Morning Brief: Pak bans Indian content, Ecuador cuts Julian Assange's internet access and more

Also read about MakeMyTrip Ltd announcing its plans to buy its rival Ibibo Group and the tea vendor who landed a modelling job.

Oct 20, 2016

Domestic Air Traffic: How IndiGo, Jet Airways, SpiceJet, Air India, others performed in September

IndiGo continued to lead as the largest carrier with a market share of 40 percent in September.

Oct 19, 2016

SBI blocks 6 lakh debit cards after 'suspicious' security breach

The bank said it will re-issue the debit cards to its customers following the malware-related breach in its ATM network.

Oct 19, 2016

GST Council veers towards 4-slab rate structure; gold likely to be taxed at 4%

The second day of the three-day GST Council meeting is on and it has already fixed the compensation formula for states.

Oct 19, 2016

7th Pay Commission recommendations are not inflationary, says MPC member

The upside risks to inflation arising out of implementation of 7th Central Pay Commission's proposals are "largely statistical," says MPC member.

Oct 19, 2016

Central bank to hold board meeting in Kanpur on October 20

This will also be the first central board meeting under the new RBI Governor Urjit Patel.

Oct 18, 2016

UK housing market banishes post-Brexit blues

Estate agents and property listing sites are set to benefit from the recovery of house prices after the EU referendum in June.

Oct 18, 2016

Argentine man in dramatic near-miss as glass ceiling collapses

An Argentinian man narrowly escaped being hurt after having to fling himself out of the way of a glass ceiling that collapsed in a building in the city of Resistencia. CCTV footage shows Pablo Onocko enter a building, talking to the security guard before the glass celing fell and shattered across the foyer.

Oct 18, 2016

3,2,1: Successful rocket launch to take supplies to the International Space Station

An unmanned Antares rocket has been launched, almost exactly two years after a previous model exploded during lift-off, to take cargo to the International Space Station. The rocket is carrying food,equipment and experiments and is expected to reach the ISS on 23 October. The last Antares launch, on 28 October 2014, ended in disaster a few seconds after lift-off due to a problem with the boosters refurbished, Soviet-era engines.

Oct 18, 2016

GST Council: Crucial meeting underway to finalise standard rate, compensation formula

The three-day GST Council meeting is likely to decide the key standard rate, among other things.

Oct 18, 2016

Rupee loses sharply to close at 66.89 to US dollar

The depreciation in rupee against the US dollar is being attributed to the $25 billion FCNR deposit redemption and FII selling.

Oct 17, 2016

Evening wrap: Details of India sealing border with Pakistan, ministers slam Anurag Kashyap, by-poll schedules declared and more

Read about more incentives from the 7th Pay Commission recommendations, and Supreme Court reserving order on Lodha panel report.

Oct 17, 2016

7th Pay Commission: Enhanced incentives proposed for Central govt staff acquiring higher qualification

In its report, the 7th Pay Commission proposes huge increase for Central government employees to obtain higher qualifications.

Oct 17, 2016

Vizag-Chennai Industrial Corridor clears hurdle; gets approval from ADB: Report

The Asian Development Bank has sanctioned a package of $631 million for the ambitious Industrial corridor project.

Oct 17, 2016

Bangalore Chamber of Industry and Commerce joins activists to appeal against steel flyover project

The proposed steel flyover between Chalukya Circle and Hebbal junction would cost about Rs 1,800 crore and 800 trees.

Oct 17, 2016