Economy News

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IT spend by Indian banks to grow 8.6% in 2017

IT services will grow the fastest at 13.8 percent in 2017 followed by software at 13.4 percent.

Jun 16, 2017

Pre-GST bonanza, car discounts, cars offers, Car offers

Pre-GST bonanza: Cars, bikes up for a steal; check out complete list of discounts and offers

Maruti Suzuki, Hyundai, Mahindra, Honda, Nissan and Ford India have also joined the bandwagon with lucrative offers.

Jun 16, 2017

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NSDL, Thomson Reuters sign agreement to offer joint solutions for GST

The two entities will offer integrated Goods and Services Tax (GST) proposition for large and mid-sized corporations in India.

Jun 16, 2017

india, external trade, merchandise trade, india exports, imports, trade deficit, gold imports, engg imports, fiscal deficit, nirmala

Aadhaar mandatory for opening bank accounts; existing account-holders have time till December 31

Aadhaar becomes mandatory for opening bank accounts and financial transactions above Rs 50,000 from June 1; existing bank account holders have to get Aadhaar by December 31 this year, else their accounts will become invalid.

Jun 16, 2017

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Cab wars: Ola, Uber head down the long, bumpy road

App-based aggregators Ola and Uber have only themselves to blame for the current mess roiling the industry

Jun 15, 2017

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Indian warehousing sector: The spine to get stronger

Several international companies are hopeful about the Indian logistics market, with announcements of various global players to increase presence.

Jun 15, 2017

How RERA will impact residential real estate prices

Change in demand-supply dynamics post RERA has led to the number of launches in most cities being scaled down.

Jun 15, 2017

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GST Council to meet on June 18; revision of tax rates for certain items on cards

The 17th GST Council meeting headed by finance minister Arun Jaitley is scheduled to take up revision of tax rates for some items and rules for the e-way bill.

Jun 15, 2017

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Pre-GST bonanza: Cars, phones, other products up for grabs at discounted prices; next GST Council could throw surprises

Discounts are being offered on a range of products, including cars, mobile phones, air-conditioners and laptops.

Jun 15, 2017

daily petrol price, daily diesel price, fuel prices in india, indian economy, india crude oil imports, petrol pumps, ioc, hpcl, bpcl

Daily petrol, diesel prices scheme has a surprise element; how to check prices every day

From Friday, petrol and diesel prices will be revised across India, but there is a catch.

Jun 15, 2017

Bank of Baroda, Canara Bank to pilot two rounds of bank mergers

Banks have been asked to explore issues such as overlap of branches, technical integration and whether there would be anti-competition concerns that could emerge

Jun 15, 2017

us fed rate hike, janet yellen, us economy, us investors in india, fed interest rate

Fed raises rates, unveils balance sheet cuts in sign of confidence

Federal Reserve raised interest rates for the second time in three months, signalling its confidence in a growing US economy and strengthening job market.

Jun 15, 2017

note ban, demonetisation, rbi, modi govt, currency, rs 100 note, fm jaitley, arun jaitley, indian economy, atm, cash deposit

7th Pay Commission: Decision unlikely today on hike in allowances for Central govt employees

The hike in salary component for Central government employees is as recommended by the 7th Pay Commission but the increase in allowances is getting dragged.

Jun 14, 2017

RBI to direct banks to start bankruptcy proceedings against 12 defaulters

The RBI said the 12 accounts identified as defaulters constituted about 25 percent of the overall gross non-performing assets, and added that it will direct lenders to begin insolvency proceedings around these accounts.

Jun 14, 2017

sadananda gowda, new gdp, old gdp, new gdp calculation, old gdp calculation, india gdp, modi govt

Modi govt plans major revamp of GDP data presentation, mulls national fact sheet on economy

Last month, the base year for calculating factory output (IIP) and wholesale price inflation was changed to 2011-12 from 2004-05; a similar exercise is planned for GDP, apart from a national fact sheet.

Jun 13, 2017

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Economy News

IT spend by Indian banks to grow 8.6% in 2017

Pre-GST bonanza: Cars, bikes up for a steal; check out complete list of discounts and offers

NSDL, Thomson Reuters sign agreement to offer joint solutions for GST

Aadhaar mandatory for opening bank accounts; existing account-holders have time till December 31

Cab wars: Ola, Uber head down the long, bumpy road

Indian warehousing sector: The spine to get stronger

How RERA will impact residential real estate prices

GST Council to meet on June 18; revision of tax rates for certain items on cards

Pre-GST bonanza: Cars, phones, other products up for grabs at discounted prices; next GST Council could throw surprises

Daily petrol, diesel prices scheme has a surprise element; how to check prices every day

Bank of Baroda, Canara Bank to pilot two rounds of bank mergers

Fed raises rates, unveils balance sheet cuts in sign of confidence

7th Pay Commission: Decision unlikely today on hike in allowances for Central govt employees

RBI to direct banks to start bankruptcy proceedings against 12 defaulters

Modi govt plans major revamp of GDP data presentation, mulls national fact sheet on economy

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