Economy News

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Rosneft-led consortium plans to complete Essar acquisition next month: Sources

Acquiring the refiner will give Russia's state-owned oil major Rosneft access to India, one of the world's fastest-growing energy markets.

Feb 20, 2017

demonetisation, remonetisation, pm modi, banks, atms, cash withdrawals, restrictions on cash, rbi

Deposits, bond yield stabilising after note ban-induced volatility

In separate updates, DBS Bank and Nomura say digital transactions are up, deposit growth stable and bond yield rises from low levels.

Feb 20, 2017

Demonetisation: RBI increases weekly cash withdrawal limit for savings bank account to Rs 50,000 from today

The RBI had imposed several limits on cash withdrawals from banks and ATMs following PM Modi's decision to demonetise old notes of Rs 500 and Rs 1,000 on November 8, 2016.

Feb 20, 2017

Wolfgang Schaeuble, grexit, brexit, greece economic reforms

German finance minister denies 'Grexit' threat

German Finance Minister Wolfgang Schaeuble said Greece would not have problems if it implemented agreed reforms, but would if it fails to carry these out.

Feb 20, 2017

GST Draft Compensation Bill in next Parliament session: Will it lead to more ruckus by the Opposition?

The Congress and the BJP will look to claim credit for the Bill, and debate on it could well lead to the stalling of Parliament.

Feb 18, 2017

tourism, fta in india, foreign tourists in india, tourism statistics, incredible india, modi govt, pm modi

Modi govt skips crucial data on foreign tourism

Details of foreign tourist arrivals (FTAs) and foreign exchange earnings (FEEs) are published monthly; this time a key information is missing.

Feb 18, 2017

domestic airlines, drunk passengers, indigo, air india

Domestic air traffic: How IndiGo, Jet Airways, SpiceJet, GoAir, Air India fared in January 2017

IndiGo, Air India, Jet Airways and SpiceJet flew almost 10 million passengers in January 2017; India is the fastest-growing civil aviation market globally.

Feb 18, 2017

rajiv bajaj, bajaj auto, note ban, job losses due to note ban, urjit patel on demonetisation, black money in india

Rajiv Bajaj slams note ban, RBI chief Urjit Patel lists benefits

Rajiv Bajaj, MD of Bajaj Auto and RBI governor Urjit Patel spoke in contrasting voices on note ban.

Feb 17, 2017

cbdt, finance ministry, north block, income tax, apa, agreements on taxation, india news

7th Pay Commission: Allowances could be hiked effective from April, higher HRA possible

A decision on raising the allowances of Central government employees as recommended by the 7th Central Pay Commission is overdue.

Feb 17, 2017

Paytm, digital wallet, payments bank, online payments, digital payments, wallet service

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

nasscom summit, nasscom fy2018 projection, nasscom india leadership forum, indian it companies, h1 b visa rules, infosys, tcs, wipro

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

india external trade january 2017, india trade jan 2017, india imports jan 2017, india exports jan 2017, india gold imports, india trade balance

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

groupm report, groupm adex report, tyny report, This Year Next Year, indian ad industry, india ad agencies

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

mutual fund jan 2017 report, mutual funds trends, mf investments, personal finance, elss, equity funds, debt funds, income funds, tax planning via mf

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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Economy News

Rosneft-led consortium plans to complete Essar acquisition next month: Sources

Deposits, bond yield stabilising after note ban-induced volatility

Demonetisation: RBI increases weekly cash withdrawal limit for savings bank account to Rs 50,000 from today

German finance minister denies 'Grexit' threat

GST Draft Compensation Bill in next Parliament session: Will it lead to more ruckus by the Opposition?

Modi govt skips crucial data on foreign tourism

Domestic air traffic: How IndiGo, Jet Airways, SpiceJet, GoAir, Air India fared in January 2017

Rajiv Bajaj slams note ban, RBI chief Urjit Patel lists benefits

7th Pay Commission: Allowances could be hiked effective from April, higher HRA possible

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

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