Economy News

7th Pay Commission: Will trade unions accept the 23.5% salary hike likely to be approved by the Modi govt?

Trade unions like the RSS-affiliated BMS and others such as INTUC, CITU and AITUC could oppose the hike proposed by the pay commission.

Jun 28, 2016

Wimbledon prize money this year takes a hit, thanks to Brexit [PHOTOS]

The decline in value of prize money for Wimbledon winners in dollar terms is due to the devaluation in the British pound.

Jun 28, 2016

After Subramanian Swamy, Piyush Goyal makes a statement on tax rates

Power Minister Piyush Goyal made the state at an event organised by the ruling BJP on Monday.

Jun 28, 2016

Airlines continuously eating into railways share of passenger traffic

Once the regional connectivity rule comes into force, there would be little price difference between rail fares and flight tickets.

Jun 28, 2016

Rupee opens with gains; Lupin, HUL lead Sensex rally, Tata Motors down 2%

The Indian rupee opened at 67.77 to the U.S. dollar on Tuesday; the BSE Sensex was up 55 points, led by Lupin and HUL.

Jun 28, 2016

7th Pay Commission: Modi Govt likely to approve 23.5% hike on Wednesday; 1 crore employees and pensioners to benefit

The finance ministry's note on implementing the 7th Pay Commission proposals is ready, confirmed a senior official.

Jun 28, 2016

Brexit unlikely to affect India's growth: Crisil

However, the rating agency warned that the rupee will see volatility in the coming weeks.

Jun 27, 2016

Urjit Patel, Subir Gokarn, Arundhati Bhattarcharya, Rakesh Mohan in race to replace Rajan: Report

While Bhattarcharya heads State Bank of India, Patel is the deputy governor at RBI, a post that Mohan and Gokarn have held earlier.

Jun 27, 2016

George Osborne says Britain can cope with EU vote fallout but it will be difficult

Volatility, uncertainty and EU trade deals are the main challenges facing Britain in the aftermath of EU referendum.

Jun 27, 2016

British EU vote unnerves world leaders and markets

Britain's Prime Minister David Cameron is expected to stay on in a caretaker role until the UK Conservative Party elects a new leader.

Jun 27, 2016

Goldman sees post-Brexit UK recession; cuts EU, U.S. growth views

They expect the victorious "leave" outcome in the June 23 referendum to chop a cumulative 2.75 percent off UK gross domestic product in the next 18 months.

Jun 27, 2016

India to roll out new multiple-entry visa to attract foreign tourists

The multiple-entry visa may be offered for up to 10 years, however, the visitor will not be allowed to stay in India over a period of 60 days.

Jun 26, 2016

Gujarat's first regional flight takes off

The Gujarat government aims to create state-art-of-the-art civil aviation infrastructure.

Jun 26, 2016

Britain's credit rating slashed to 'negative' by Moody's, borrowing costs likely to rise

The slashing of Britain's rating from "stable" to "negative" would raise interest rates for business, government and households.

Jun 25, 2016

Brexit cost world equity markets $2.1 trillion

India's Sensex closed 2.24 percent lower, wiping out nearly 1.79 lakh crore in total investor wealth.

Jun 25, 2016