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Economy News

hudco, ipo, hudco ipo, home loans, real estate, home loan interest rates, india, rera, real estate

Government plans Rs 10,000 crore stress fund for real estate sector

In a two-hour-long meeting, the industry and Finance Minister Nirmala Sitharaman deliberated on multiple issues, including funding the stalled projects. Aug 13, 2019
Reliance Jio

Reliance AGM 2019: Mukesh Ambani announces rollout of Jio Giga Fibre on Sept 5

Mukesh Ambani said Jio Giga Fibre will offer lifetime free voice calls from landline phones and high-speed broadband with additions like high definition TV and dish at a monthly rental of Rs 700 to Rs 10,000. Aug 12, 2019
Mukesh Ambani

Saudi Aramco to buy 20% in Reliance oil business in one of the biggest FDI deals in India

The Aramco, Reliance deal will have an enterprise value of around Rs 5,32,466 crore. Aug 12, 2019
Aadhaar card

Aadhaar Pay back in demand, crosses 200 million transactions in July

As per the latest data from the National Payments Corporation of India, transactions increased 11 percent, from 185 million in June to 206 million this July. Aug 12, 2019
Indian economy

FPIs withdraw Rs 9,197 crore worth investment in August, all eyes on FM now

The trend of cutting down the investments was seen after eight core sector industries such as coal, crude oil, natural gas, refinery products, fertiliser, steel, cement and electricity continued to show a negative growth due to the economy slowdown. Aug 12, 2019
supreme court

Supreme Court upholds IBC rule that gives home buyers status of financial creditors

Home buyers will enjoy the status of banks and institutional creditors and can take real estate companies into bankruptcy proceedings. Aug 10, 2019
Bombay Stock Exchange (BSE)

Move to scrap super rich tax surcharge may lure back foreign portfolio investors

Markets respond energetically to reports government is considering the lifting of the surcharge proposed in the Union Budget 2019; Sensex, Nifty soar for the second day. Aug 9, 2019
Nirmala Sitharaman

India Inc wants Rs 1 lakh crore stimulus package

Industry top officials said the government has assured them to take steps soon to boost the economic growth. Aug 9, 2019
Car factory

Auto sector skids downhill as economy hits bump; Maruti cuts production again

Automakers call for major incentives as top carmaker Maruti reduces production by 25 percent for the sixth consecutive month in July Aug 8, 2019
US-China trade war could trigger prolonged global recession this year

Is global economy slipping into a recession? Key indicators paint glum picture

Almost all main economic and industrial indicators that provide a reliable guide to the business cycle confirm the economy has already slowed severely. Aug 8, 2019
Indian fishermanPakistan

J&K developments: Trade ban will hurt Pakistani traders more than Indians

Imran Khan's decision to cut off trade ties with India over Jammu and Kashmir developments will harm Pakistani traders who enjoyed the most favoured nation status with India until recently while Indians will be hit to a lesser extent. Aug 8, 2019
Pak expels Indian envoy

Pakistan expels Indian envoy, suspends trade for revoking Kashmir's special status

The Pakistan government announced a five-point plan against India in a tweet on Wednesday after a National Security Committee (NSC) meeting. Aug 8, 2019
RBI

RBI slashes repo rate by 35 basis points to 5.40%, cuts GDP growth forecast to 6.9%

The central bank reduced the repo rate by 35 basis points to 5.40 per cent from 5.75 per cent in its third bi-monthly Monetary Policy Statement for 2019-20. Aug 7, 2019
audi-logo

Slow market paralyses Audi sales, firm plans to halt future investments in India

The slow pace of the local market is expected to affect Audi's annual sales to see a dip in 2019. The recent inauguration of a sales outlet would help boost the demand for the luxury car among the Indian public. Aug 7, 2019
RBI

RBI monetary policy: Investors awaiting outlook beyond another repo rate cut

With a fourth 25 basis points repo rate cut a foregone conclusion, observers are watching for RBI guidance about its outlook on the state of the economy. Aug 6, 2019
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