Economy News

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India loses world's fastest-growing economy tag to China; March quarter GDP growth comes at 6.1%

During the March 2017 quarter, India's GDP grew at 6.1 percent as against China's 6.9 percent, thus losing its world's fastest-growing economy status.

May 31, 2017

TCS managers receive 31% pay hike after IT giant records 4.2% net profit in Q4

While the senior managers at Tata Consultancy Services have received a pay hike of about 30 percent, employees are said to be looking at a 10 percent raise.

May 31, 2017

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Modi govt rules out postponing GST implementation date; GST Twitter handle gets good response

Revenue secretary Hasmukh Adhia said GST will be rolled out on July 1 as scheduled; Twitter handle @askGST_GoI gets good response.

May 31, 2017

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Bank account number portability is now possible: RBI Deputy Governor S S Mundra

Speaking at an event in Mumbai, RBI Deputy Governor S S Mundra said bank account number portability is now within the realms of possibility thanks to Aadhaar.

May 30, 2017

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RBI to soon introduce new Re 1 note

The new notes will be pink-green in colour and will have a representation of the one rupee coin on the reverse of the note.

May 30, 2017

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TN hotels, restaurants shut against GST

The dawn-to-dusk (6 a.m. to 6 p.m.) shutdown call for Tuesday was given by the Tamil Nadu Hotels and Restaurant Association.

May 30, 2017

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India's growth to slow down to 6.8% in 2016-17: World Bank

While limited data is available, demonetisation may have had a disproportionate impact on poorer households, which are more likely to work in construction and informal retail.

May 30, 2017

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Cattle trade ban to halt beef exports, lead to job losses

Indian meat traders, under the aegis of the Quresh Action Committee and other trade associations, plan to petition the Supreme Court to get the government order rescinded.

May 30, 2017

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Bihar is India's top litchi-producing state

The state accounts for about 40 percent of the total production, according to Union Ministry of Agriculture and Farmers Welfare.

May 29, 2017

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HP, KPMG introduce 'GST Solution' for traders, MSMEs

The end-to-end solution has hardware from HP, GST invoicing software by KPMG.

May 29, 2017

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Gold holds near four-week highs, political tensions support

Spot gold was flat at $1,266.19 per ounce at 0400 GMT. On Friday, it climbed 0.9 percent to touch its strongest since May 1 at $1,269.50.

May 29, 2017

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India's foreign exchange reserves hit historic high at $379 billion

As of May 19, 2017, India's foreign exchange reserves stood at $379.3 billion, buoyed by dollar inflows from foreign portfolio investors (FPIs).

May 27, 2017

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'Buy in May and sell in November'

Chris Zaccarelli, CIO at Cornerstone Financial Partners, bases his bullishness on the healthy outlook for the global economy rather than Trumponomics.

May 27, 2017

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Modi govt's track record on job creation is a flop show

The three years of the Narendra Modi government have been dismal on the job front, with fresh employment creation falling to record lows.

May 27, 2017

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OPEC to extend output cuts, to set up OPEC-India Working Group

The 13-nation OPEC on Thursday agreed to extend for nine months the output cut agreement in place for six months from January 1.

May 27, 2017

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Economy News

India loses world's fastest-growing economy tag to China; March quarter GDP growth comes at 6.1%

TCS managers receive 31% pay hike after IT giant records 4.2% net profit in Q4

Modi govt rules out postponing GST implementation date; GST Twitter handle gets good response

Bank account number portability is now possible: RBI Deputy Governor S S Mundra

RBI to soon introduce new Re 1 note

TN hotels, restaurants shut against GST

India's growth to slow down to 6.8% in 2016-17: World Bank

Cattle trade ban to halt beef exports, lead to job losses

Bihar is India's top litchi-producing state

HP, KPMG introduce 'GST Solution' for traders, MSMEs

Gold holds near four-week highs, political tensions support

India's foreign exchange reserves hit historic high at $379 billion

'Buy in May and sell in November'

Modi govt's track record on job creation is a flop show

OPEC to extend output cuts, to set up OPEC-India Working Group

Time for India to follow suit? France, Germany, Netherlands, US banned use of EVMs [here's why]

Dhanush's Captain Miller has no buyers in Telugu states? Here's why

Deepika Padukone is a sight to behold in velvet gown; attends Academy Museum Gala with Selena Gomez, Dua Lip [see pics]

Is exhibiting cleavage mandatory? Malaika Arora opts for low neck sleeveless outfit at event in Vrindavan, leaves netizens furious

'She is cruel…': Ankita Lokhande CRIES after fight with Mannara, tells Vicky she wants to go home; fans react