Economy News

As prices skyrocket, 11,000 tonnes of onions to reach India from Turkey

The MMTC had earlier signed an import deal for 6,900 tonnes from Egypt, and this consignment is expected to reach here in the next 10 days.

Dec 2, 2019

More rate cuts expected as economic growth erodes further

Initially ignoring any signs of a slowdown in the economy, the Modi government has finally woken up and is taking measure to arrest the economy from slipping further.

Dec 1, 2019

GST collection highest in November; crosses Rs 1 lakh crore mark

The GST collection on domestic transactions witnessed a growth of 12 percent in November, highest during the year.

Dec 1, 2019

Govt to invest $1.39 trillion in infrastructure to spur economy: Nirmala Sitharaman

Nirmala Sitharaman's comments followed data released on Friday that showed India's economic growth slowed to 4.5 percent in the July-September quarter.

Dec 1, 2019

Govt ignored signs of slowdown in industrial production, core sector growth: Experts

The core sector performance and the IIP of the past 4-5 months of the Modi 2.0 had the tell-tale signs of what the GDP growth and weak economic indicators could lead to.

Dec 1, 2019

Centre may go for further disinvestments amid lower revenue generation & tax cuts: CLSA

In recent times, the government has been aggressively looking to disinvest Air India and BPCL to meet its fiscal deficit target.

Nov 30, 2019

Will GMR take Delhi's second airport by right of refusal as Swiss firm wins bid?

Zurich Airport International AG beat GMR and Adani Group by quoting highest per passenger rate for developing first phase of Jewar airport, expected to be India's largest.

Nov 30, 2019

Finance Minister Sitharaman admits there's slowdown; discounts recession fears

Finance Minister Sitharaman blames fall in GDP growth on the delayed effect of stress on banks from bad loans and corporate credit crisis built up from UPA's time.

Nov 29, 2019

After $13 billion levy ruling, future of India's tattered telecom sector hinges on government aid

Vodafone Idea Ltd, India's biggest carrier by user numbers, is widely regarded as most on the ropes, with parent Vodafone Group calling the situation "critical" after the unit was saddled with about $3.9 billion in fresh payments due.

Nov 28, 2019

India's economy seen growing at 4.7% in September quarter

The median of a poll of economists showed annual growth in gross domestic product of 4.7% in the quarter, down from 5.0% in the previous three months and 7% for the corresponding period of 2018.

Nov 28, 2019

The Air India plane flying the inaugural trip from Lucknow,

Will Air India suitors find truncated debt, 100% equity offer irresistible?

The government may pare down Air India debt to Rs 30,000 crore and offer 100% equity to the eventual buyer; Expression of interests in second attempt to sell national carrier may begin by December 15

Nov 28, 2019

Petrol price hiked for fifth day in a row, diesel stable: Check latest rates in your city here

In these five days, petrol has become costlier by 56 paise per litre in Delhi.

Nov 26, 2019

Must sell now: Fall in direct tax collection hastens urgency of privatisation

A 17% shortfall in October direct tax collection at Rs 50,715 crore may jeopardize government spending and worsen liquidity issues plaguing the economy if divestment drive slackens.

Nov 26, 2019

Top US, Chinese trade negotiators discuss core issues via phone call

Trade experts said completion of a phase one deal could slide into the new year, as Beijing presses for more extensive tariff rollbacks and Washington counters with its own demands.

Nov 26, 2019

Indian Oil Corporation Petrol prices petrol price hike IOC

Petrol rises by 12 paise at 1-year high, diesel stable; Check rates in your city

The Oil marketing companies increased the price of petrol by 12 paise per litre in Delhi, Kolkata and Mumbai, while in Chennai the raise was by 13 paise per litre.

Nov 25, 2019

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Economy News

As prices skyrocket, 11,000 tonnes of onions to reach India from Turkey

More rate cuts expected as economic growth erodes further

GST collection highest in November; crosses Rs 1 lakh crore mark

Govt to invest $1.39 trillion in infrastructure to spur economy: Nirmala Sitharaman

Govt ignored signs of slowdown in industrial production, core sector growth: Experts

Centre may go for further disinvestments amid lower revenue generation & tax cuts: CLSA

Will GMR take Delhi's second airport by right of refusal as Swiss firm wins bid?

Finance Minister Sitharaman admits there's slowdown; discounts recession fears

After $13 billion levy ruling, future of India's tattered telecom sector hinges on government aid

India's economy seen growing at 4.7% in September quarter

Will Air India suitors find truncated debt, 100% equity offer irresistible?

Petrol price hiked for fifth day in a row, diesel stable: Check latest rates in your city here

Must sell now: Fall in direct tax collection hastens urgency of privatisation

Top US, Chinese trade negotiators discuss core issues via phone call

Petrol rises by 12 paise at 1-year high, diesel stable; Check rates in your city

J&K LG visits Ambreen Bhat's home; assures assistance to poor terror victim family [details]

Astronomers find supermassive black holes inside dying galaxies

Apple, Google face scrutiny over collecting abortion data

Elon Musk highest-paid CEO, followed by Tim Cook: Report

A royal toast: England set for Queen's Platinum Jubilee; star-studded concert & 16000 street parties