Economy News

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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

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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

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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

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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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Infosys, TCS, Tata Steel make a comeback to mutual funds in May; IOC, Sun Pharma, Yes Bank top exits

Top stocks that mutual funds bought in May included ICICI Bank, HDFC Bank, Infosys, TCS and Tata Steel; major exits were Sun Pharma, IOC and Bharat Electronics.

Jun 13, 2017

Riding the waive: A growth dream betrayed

Farmer pains will be only partly eased by loan waivers even as the next round of balance-sheet agony for banks and coops gets primed for release.

Jun 13, 2017

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New series of Rs 500 notes to be out soon

There will be a minor change in the new series of Rs 500 notes, the RBI said in a statement.

Jun 13, 2017

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Loan waiver payback: Farmers start wilfully defaulting on loans

While it is early to quantify the extent of loan delinquency by farmers, bankers say that in some states, the default rate has increased by up to 50 percent in recent months.

Jun 13, 2017

Maharashtra loan distribution pattern 2016-17

Loan waive-off: Maharashtra expects Rs 30,000 crore plus boildown

The government is considering applying a cap of upto Rs 75,000-Rs 80,000 on the waiver benefit to slash the debt burden to Rs 30,000 crore or below

Jun 13, 2017

5 trends that will influence the real estate market

Among other impactors, the long awaited introduction of REITs and the performance of the first REIT are expected to set the pace for the way forward.

Jun 12, 2017

petrol, diesel, petrol price, diesel price, daily petrol price, daily diesel price, petrol pump, petrol dealers strike, ioc, hpcl, bpcl

Daily revision in petrol, diesel prices is neutral for consumers

Currently, five Indian cities are part of the project; from Friday (June 16), petrol and diesel prices will be revised on a daily basis across India.

Jun 12, 2017

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RBI at advanced stage of preparing top loan defaulters' list: FM Arun Jaitley

At a meeting with heads of PSU banks, Jaitley also discussed challenges to credit growth and their resolution.

Jun 12, 2017

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Economy News

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

Infosys, TCS, Tata Steel make a comeback to mutual funds in May; IOC, Sun Pharma, Yes Bank top exits

Riding the waive: A growth dream betrayed

New series of Rs 500 notes to be out soon

Loan waiver payback: Farmers start wilfully defaulting on loans

Loan waive-off: Maharashtra expects Rs 30,000 crore plus boildown

5 trends that will influence the real estate market

Daily revision in petrol, diesel prices is neutral for consumers

RBI at advanced stage of preparing top loan defaulters' list: FM Arun Jaitley

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