Economy News

RBI includes individuals as eligible promoters for the first time in draft norms for universal bank licences

The Reserve Bank of India (RBI) released the draft guidelines for issuing universal bank licences on continuous ("on tap") basis.

May 5, 2016

HDFC Life to hire 4 banks for Rs. 3,325 crore IPO

HDFC Life may appoint Citigroup, JPMorgan Chase, Morgan Stanley and Kotak Mahindra Bank as banks for the planned IPO.

May 5, 2016

Dengue costs the world $8.9 billion every year: Study

Health economists at Brandeis University, U.S. published a report on the economic burden dengue imposes.

May 5, 2016

Govt removes restrictions on coal supply procedure

The govt aims to distance itself from managing the utilisation of coal and and to give freedom to private power producers.

May 5, 2016

Govt gives nod to highway projects worth Rs. 4,400 crore in Himachal Pradesh, UP

The Cabinet Committee on Economic Affairs approved the two projects in Himachal Pradesh and Uttar Pradesh.

May 5, 2016

India eyes cleanup of bad debt mountain as wary state banks hesitate

India's $121 billion troubled debt pile, over $100 billion of which is on the books of state-owned banks, has come under close scrutiny from prosecutors.

May 5, 2016

Steel Imports MIP Steel imports from China

US slaps preliminary duties on certain Indian steel pipes

The department said it found the products were being dumped at margins of up to 18.9 percent.

May 5, 2016

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Maruti Suzuki, Hyundai, Toyota Kirloskar car exports fall in April; Ford India bucks the trend

While Maruti Suzuki's exports declined 13.7 percent, Hyundai saw exports fall by 6.5 percent in April 2016 over April 2015.

May 4, 2016

Govt proposes capping airfares during emergency situations

The government has put forth a proposal of charging Rs. 2,500 per passenger for one hour duration flights.

May 4, 2016

Economies could shrink by mid-century due to scarce water: World Bank

The Middle East could be hardest hit, with its gross domestic product slipping as much as 14 percent by 2050, the report said.

May 4, 2016

State-run banks hit by willful defaulters

The debt owed by willful defaulters rose 138 percent in three years to Rs. 66,190 crore (about $10 billion) by December 2015.

May 3, 2016

India to pay 1.5% interest on $6.5 billion Iran oil dues

Iran requested India to consider compensating it for the losses due to the exchange rate variation.

May 3, 2016

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Gold biscuits weighing 2 kg seized at Mumbai airport

Gold smuggling into India has steadily increased over the years, according to the Indian government.

May 3, 2016

European Commission says Greenpeace TTIP leak claims â€˜flatly wrongâ€™

Greenpeace TTIP leak claims â€˜flatly wrongâ€™

May 3, 2016

India amends mining law in boost to cement mergers and banks

Lenders including SBI have been trying to forge tie-ups between distressed cement, steel and power companies.

May 3, 2016

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Economy News

RBI includes individuals as eligible promoters for the first time in draft norms for universal bank licences

HDFC Life to hire 4 banks for Rs. 3,325 crore IPO

Dengue costs the world $8.9 billion every year: Study

Govt removes restrictions on coal supply procedure

Govt gives nod to highway projects worth Rs. 4,400 crore in Himachal Pradesh, UP

India eyes cleanup of bad debt mountain as wary state banks hesitate

US slaps preliminary duties on certain Indian steel pipes

Maruti Suzuki, Hyundai, Toyota Kirloskar car exports fall in April; Ford India bucks the trend

Govt proposes capping airfares during emergency situations

Economies could shrink by mid-century due to scarce water: World Bank

State-run banks hit by willful defaulters

India to pay 1.5% interest on $6.5 billion Iran oil dues

Gold biscuits weighing 2 kg seized at Mumbai airport

European Commission says Greenpeace TTIP leak claims â€˜flatly wrongâ€™

India amends mining law in boost to cement mergers and banks

Rahul Bhat's wife appointed in school in Jammu; ex-gratia amount to given family [details]

Srinagar man goes all out modifying his Thar jeep; gets ₹5000 fine, must restore it to stock [details]

Moonrush 2022: India, US, UAE, South Korea, Japan & Russia headed to Moon; but why six countries at a time

Is Rakshit Shetty Marrying Ramya? RIshab Shetty Reacts

'In custody for 6.5 years': SC grants bail to Indrani Mukerjea in Sheena Bora murder case