Economy News

Singapore Exchange to sell stake in BSE

The announcement comes at a time when the BSE said it will file its draft prospectus for IPO early next month.

Sep 7, 2016

Arun Jaitley says India;s top priority is GST, Infra, banks

Jaitley reiterates commitment to GST, rules out privatisation of govt banks

Arun Jaitley said the country's economic policy must deliver growth benefits to the citizens.

Sep 7, 2016

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RBI deputy governor R Gandhi to head monetary policy department

The portfolios of the deputy governors at the Reserve Bank of India were revised on the day Raghuram Rajan handed over governorship to Urjit Patel.

Sep 7, 2016

Majority of Indians cannot afford fruits and vegetables: Study

To bridge the gap, it would require more than half of the household's income to be spent in achieving consumption levels, a Lancet report pointed out.

Sep 6, 2016

Domestic tourism expected to attract $8 billion investment

About 144 investors from 70 companies will take part in the event to explore various sectors associated with tourism such as aviation, hospitality, civic amenities, roadways.

Sep 6, 2016

Rupee reaches 4-month high trade rate of 66.51 against US dollar

The rupee was trading at 66.51 per dollar, up 0.46%, the maximum gain since May 25, from its previous close of 66.83.

Sep 6, 2016

A look at Urjit Patel, previous governors of Reserve Bank of India

On Sept. 4, 2016, Urjit Patel took over as the 24th governor of the Reserve Bank of India. Here is a look at few previous RBI governors.

Sep 5, 2016

Nitin Gadkari's former OSD named in Maharashtra irrigation scam

The chargesheet is related to irregularities in over Rs 100-crore work of the Ghodazari branch of the Left Bank Canal (LBC) of Gosikhurd dam.

Sep 5, 2016

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Tourism Investors' Summit 2016: India to showcase projects for improving infrastructure

The three-day Tourism Investors' Summit aims to lure both Indian and foreign investors to develop tourism infrastructure across the country.

Sep 5, 2016

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Services sector growth hits record high in August

After manufacturing activity growth, services sector grows to a 3.5 year-high, reveals PMI data for August.

Sep 5, 2016

Theresa May aims to make UK global leader in free trade, will hold talks with Modi

The British PM will also hold talks with Xi Jingping, Vladmir Putin and Barack Obama during the G20 summit.

Sep 4, 2016

Raghuram Rajan bids farewell to RBI, says new governor will carry forward the work on inflation

In his last speech at the RBI, Rajan urged the government to elevate the ranking of the governor and also defended the need to ensure independence of the apex bank.

Sep 4, 2016

Rising oil import costs may become Asia's growing pain

Asia's net oil imports are set to rise after producers slashed spending on exploration and production on low oil prices, leaving oilfields at risk of sharp production declines in the next decade.

Sep 4, 2016