Economy News

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Urjit Patel appointed new Reserve Bank of India governor, to replace Raghuram Rajan

The announcement appointing current RBI deputy governor Urjit Patel as successor to Rajan was made on Saturday.

Aug 20, 2016

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India's foreign exchange reserves rise marginally to $365.82 billion

In its weekly supplement, the RBI said India's foreign exchange reserves rose $73.2 million to $365.82 billion for the week ended Aug. 12.

Aug 20, 2016

Domestic air traffic: How IndiGo, Jet Airways, Air India, Go Air, AirAsia India, Vistara performed in July

Jet Airways, Go Air, AirAsia India, IndiGo, Vistara and Air India reported divergent trends, according to DGCA data.

Aug 20, 2016

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Bengaluru has many tech parks, shopping malls built on encroached land: BJP member Ramesh

Tech parks and shopping malls built on storm water drains should also be demolished, says Bengaluru BJP member N R Ramesh.

Aug 19, 2016

India to negotiate air service agreements with six countries: Report

Greece, which does not have any foreign rights with India so far, is considering a deal for the first time.

Aug 19, 2016

Brent crude oil prices dip on US profit taking

Brent crude oil prices dipped in early Asian trading hours on Friday, but remained near two-month highs with Brent still holding above $50 per barrel in a bull-run.

Aug 19, 2016

Arun Jaitley meets Prime Minister Modi to finalise next RBI governor

Out-going central bank Governor Raghuram Rajan will exit office on Sept. 4.

Aug 19, 2016

India-US business leaders target $500 billion trade and investment

According to the IACC, stronger economic ties with the U.S. will boost India's GDP and Per Capita Income.

Aug 18, 2016

An employee counts Indian rupee currency notes inside a private money exchange office in New Delhi July 5, 2013

7th Pay Commission: Salary arrears to Central govt employees estimated at Rs. 34,600 crore

India Ratings has estimated the outgo over salary arrears for seven months and August as per the 7th pay commission proposals at Rs. 34,600 crore.

Aug 17, 2016

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FICCI-IBA Annual Global Banking Conference: Here is what RBI governor Raghuram Rajan spoke

RBI governor Raghuram Rajan touched upon many bank-related issues during his inaugural address at the FICCI-IBA banking conference.

Aug 17, 2016

Oil trades at fresh August high on hopes producer action

Oil prices reached their highest levels in more than five weeks on Tuesday.

Aug 16, 2016

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7th Pay Commission: Inflation could offset salary hike bonanza for Central government employees

Central government employees and pensioners have not much to cheer from 7th pay comission's salary hike benefit as inflation rises sharply.

Aug 16, 2016

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Wholesale inflation doubles, hits 2-year-high in July; sugar, vegetable prices soar

A day after PM Modi's Independence Day speech claiming success over inflation, comes data that WPI inflation doubles to 3.55 percent in July.

Aug 16, 2016

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Raghuram Rajan at Ficci: RBI keen to strengthen cyber security

It's time to "closely look" at cyber security at Indian banks and RBI is working towards it, says governor Raghuram Rajan.

Aug 16, 2016

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Narendra Modi's Independence Day speech: Prime Minister gets it wrong on inflation

During his Independence Day speech, PM Narendra Modi said inflation has been contained below 6 percent, a factually wrong statement.

Aug 15, 2016

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Economy News

Urjit Patel appointed new Reserve Bank of India governor, to replace Raghuram Rajan

India's foreign exchange reserves rise marginally to $365.82 billion

Domestic air traffic: How IndiGo, Jet Airways, Air India, Go Air, AirAsia India, Vistara performed in July

Bengaluru has many tech parks, shopping malls built on encroached land: BJP member Ramesh

India to negotiate air service agreements with six countries: Report

Brent crude oil prices dip on US profit taking

Arun Jaitley meets Prime Minister Modi to finalise next RBI governor

India-US business leaders target $500 billion trade and investment

7th Pay Commission: Salary arrears to Central govt employees estimated at Rs. 34,600 crore

FICCI-IBA Annual Global Banking Conference: Here is what RBI governor Raghuram Rajan spoke

Oil trades at fresh August high on hopes producer action

7th Pay Commission: Inflation could offset salary hike bonanza for Central government employees

Wholesale inflation doubles, hits 2-year-high in July; sugar, vegetable prices soar

Raghuram Rajan at Ficci: RBI keen to strengthen cyber security

Narendra Modi's Independence Day speech: Prime Minister gets it wrong on inflation

Twenty-year-old elephant shot dead in Karnataka village; culprits at large [details]

Seven soldiers killed, 19 injured after bus falls into river in Ladakh; PM Modi expresses condolences [details]

Filmmakers restoring golden era of film shooting in J&K; maiden film policy lures producers [details]

IPL 2022: RCB vs RR live-stream, squad, timings and everything you need to know about today's match

Cricket scam continues to haunt Farooq Abdullah; ED summons NC president for questioning [details]