Economy News

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VC-backed funding to Indian fintech companies fell sharply in 2016: CB Insights

Indian fintech companies saw VC-backed funds investing $388 million in 2016 as against $1,580 million in 2015; global funding for fintech companies also dropped.

Feb 17, 2017

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Nasscom could give a projection of 6-8% for FY 2018, says Nirmal Bang; TCS to consider share buyback

India's IT services lobbying body Nasscom has cited global uncertainty and Trump policies to defer projections for FY 2018.

Feb 16, 2017

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India's trade deficit rises in January 2017 due to higher imports, lower exports

January 2017 external trade update shows exports up 4.3% and imports increasing 10.7%, leading to trade deficit widening, YoY.

Feb 15, 2017

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GroupM forecasts lower growth rate for TV ads in 2017

In its 'This Year Next Year' report for 2017, GroupM says TV ads would grow at 8 per cent in 2017.

Feb 15, 2017

New chapter in Indo-US ties on cards? 27 US Congressmen coming to India in February

Two delegations — one with 19 Congressmen and another with eight, from both the Democratic and Republican parties — will visit India later this month.

Feb 15, 2017

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Mutual fund managers went on a selling spree in IT, pharma stocks in January 2017; 2 companies do not figure in the list

Some of the stocks MF managers sold include TCS, HCL Technologies, Cyient, Mindtree, Tec Mahindra, Torrent, Sanofi and Dr Lal Pathlabs.

Feb 15, 2017

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After Sasikala's guilty verdict, Tamil Nadu now needs to focus on its economy

Tamil Nadu is home to many global auto companies such as Hyundai, Ford and Renault, besides domestic players Ashok Leyland, TVS and Royal Enfield.

Feb 14, 2017

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Fake Rs. 2000, Rs 500 notes could be in the market soon

Smugglers pay around Rs 400 to Rs 600 in genuine currency for each Rs 2,000 note, depending on the quality, Rahman had confessed.

Feb 13, 2017

India to merge commodity boards to boost output, exports

The Sebi has also approved a draft amendment to allow commodity derivative exchanges to deal in options.

Feb 12, 2017

Nitin Gadkari: The man who has brought highways and shipping ministries to prominence

Nitin Gadkari is often described by both his partymen and even critics as "the best-performing minister in the Modi government."

Feb 12, 2017

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Indian rupee hits 14-week high against US dollar; tax collections rise

Sustained debt and equity buying by foreign investors enables the Indian rupee to close at a 14-week high against the US dollar; tax collections also increase.

Feb 11, 2017

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Valentine's Day 2017: Rose exports, domestic sales poised to blossom this year in India

Sale of roses in India as well as export of rose stems for Valentine's Day 2017 are expected to be slightly higher, says floriculturists.

Feb 11, 2017

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India's foreign exchange reserves increase by $1,500 million; select stocks hit 52-week high

Rising for the fourth straight week, India's foreign exchange reserves stood at $363.14 billion as of February 3, 2017.

Feb 10, 2017

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'Indians contributed £433 million to Britain's economy in 2015'

India and Britain recently signed agreement to remove limit on flights to key Indian cities, enhance bilateral trade and tourist arrivals.

Feb 10, 2017

EPFO may soon decide to invest more of its funds into stock markets

The EPFO currently invests 10% of its incremental deposits into ETFs and may soon raise it to 15%.

Feb 10, 2017

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Economy News

VC-backed funding to Indian fintech companies fell sharply in 2016: CB Insights

Nasscom could give a projection of 6-8% for FY 2018, says Nirmal Bang; TCS to consider share buyback

India's trade deficit rises in January 2017 due to higher imports, lower exports

GroupM forecasts lower growth rate for TV ads in 2017

New chapter in Indo-US ties on cards? 27 US Congressmen coming to India in February

Mutual fund managers went on a selling spree in IT, pharma stocks in January 2017; 2 companies do not figure in the list

After Sasikala's guilty verdict, Tamil Nadu now needs to focus on its economy

Fake Rs. 2000, Rs 500 notes could be in the market soon

India to merge commodity boards to boost output, exports

Nitin Gadkari: The man who has brought highways and shipping ministries to prominence

Indian rupee hits 14-week high against US dollar; tax collections rise

Valentine's Day 2017: Rose exports, domestic sales poised to blossom this year in India

India's foreign exchange reserves increase by $1,500 million; select stocks hit 52-week high

'Indians contributed £433 million to Britain's economy in 2015'

EPFO may soon decide to invest more of its funds into stock markets

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