Economy News

Google Pay makes instant bank loans easier than ever for Indian users

Google has rebranded its payments app from Google Tez to Google Pay and introduced several new features and tie-ups. Read all about it here.

Aug 29, 2018

Bengaluru-based startup ZestMoney raises $13.4 million from Xiaomi

The series A funding was led by PayU which also participated in the current round of funding along with other existing investors — Ribbit Capital and Omidyar Network.

Aug 28, 2018

Private power sector companies to face insolvency proceedings on default of Rs 1.7 lakh crore loan

The Reserve Bank of India had earlier this year tightened the norms for clearing bad debts by setting timelines for resolving the stressed asset within 180 days.

Aug 28, 2018

Rupee has not depreciated to a worrying level, govt must focus on CAD: Raghu Ram

Rajan, who was RBI governor for three years till September 2016, said that this is a time where countries should be focusing on getting the macro stability in order.

Aug 28, 2018

Kerala floods: Bill Gates' foundation pledges to donate Rs 4 crore for relief fund

The Gates Foundation's Emergency Response program aims to help accelerate rapid responses to natural disasters and complex emergencies through the quick disbursement of funds to humanitarian organizations.

Aug 27, 2018

Central Govt to speed up disinvestment process to achieve Rs 80,000 crore target

For the financial year 2019, the government has just managed to raise Rs. 9,200 crore as opposed to the target set at Rs. 80,000 crore. It still needs to generate an additional Rs. 50,000 crore to achieve Rs. 59,000 target by year-end.

Aug 27, 2018

Corporate India witnesses sharp decline in employment growth since last decade

Since all the employment data is not shared by these firms, the assessment was done on the basis of creating four sets of time periods with a common sample for each time-period to calculate the jobs growth.

Aug 27, 2018

Another stake sale of an Indian retail player? Google may invest in Future Group

The Future Group is looking for an additional capital infusion through a strategic partnership to streamline operations and increase profitability amid the deep-pocketed retailers is battling it hard to capture the booming Indian retail market.

Aug 27, 2018

Big victory for Cyrus Mistry: NCLAT says Tata Sons can't force him to sell shares

The final judgement on the conversion of the company will be taken by the two-judge NCLAT bench, headed by Justice S.J. Mukhopadhyay, after hearing final arguments next month.

Aug 24, 2018

Residential projects worth Rs 4.6 trillion stuck across major cities

Mumbai and Delhi have topped the list, with projects worth Rs. 2.34 trillion and Rs. 1.26 trillion in uncertainty.

Aug 24, 2018

US sanctions on Iran starts to show its effect; India's oil imports bill set to increase

India is likely to face an uphill task to look for the options to sustain oil imports from Iran, the third-biggest crude supplier after Iraq and Saudi Arabia.

Aug 23, 2018

Delhi's second airport? Hindon airbase in Ghaziabad to soon get regional connectivity

The AAI will use the airstrip of the Indian Airforce which has its base in Hindon. Notably, Airforce station Hindon is the biggest air base in Asia.

Aug 21, 2018

14 million bolivars for a chicken? Venezuela is battling economic slump amid hyperinflation

Recently, the Venezuelan government introduced a series of reforms to further arrest the downfall of the currency including the introduction of new banknotes.

Aug 21, 2018

Reliance denies joint venture with Alibaba; says there was no Mukesh Ambani-Jack Ma meet

Reports had earlier claimed that Mukesh Ambani and Jack Ma had met in Mumbai last month and planned for a joint venture.

Aug 21, 2018

Is China taking over Pakistan? New 'Chinese only' colony in Gawdar port to house 5 lakh people

The proposed city is expected to be constructed by 2022. The strategic colony will house Chinese nationals working in the financial district, which is planned to be set up in the port city of Gwadar

Aug 21, 2018