Economy News

India's forex reserves hit record high of $363.83 billion amid market turmoil

Analsyts said FX reserves rose mainly on currency valuations.

Jun 24, 2016

thomas cook brexit currencies euro sale halt

Thomas Cook suspends online currency sales; Indians stand to gain from pound devaluation

The unexpected rise in demand for euros is an outcome of panic euro buying by British people after Brexit results.

Jun 24, 2016

Brexit: Bank of England wont hesitate to take additional measures after Brexit

Jun 24, 2016

Raghuram Rajan says strong fundamentals put India on firm footing despite Brexit

The Indian economy has good fundamentals, low short term external debt, and sizeable foreign reserves, said the RBI chief.

Jun 24, 2016

Brexit: FM Arun Jaitley says India 'prepared' to face consequences [FULL TEXT]

India is prepared to face the fallout of Britain voting to leave the 28-member EU in Thursday's referendum.

Jun 24, 2016

european union brexit britain referendum vote bremain

Sterling, global stocks in free fall as Britain votes to exit EU

While vote counting had not been concluded, major British television networks including ITV, the BBC and Sky News all called the result as a "Leave."

Jun 24, 2016

Asia policymakers ready to act as Brexit vote roils markets

Currencies and stocks were the most volatile, with the yen surging to its highest against the dollar in two-and-a-half years.

Jun 24, 2016

Oil slumps after early returns show close Brexit vote

Early results from Britain's bitterly contested referendum showed a lead on Friday for supporters of leaving the European Union, contradicting opinion polls.

Jun 24, 2016

bank credit, rbi, demonetisation, india slowdown, economy, urjit patel, pm modi

Indian firms go slow on foreign borrowings

Indian firms raised $1.32 billion from overseas markets in May as against $2.39 billion raised in May 2015, according to the RBI.

Jun 23, 2016

indian railway suresh prabhu indian railways passengers traffic station

Govt lets you know subsidy on railway tickets so to 'rationalise' prices later

At present, Indian railways recovers only 57 percent of the travel cost on passenger tickets, a railway board member said.

Jun 23, 2016

Brexit or Bremain, EU members are already feeling the referendum heat: Report

A poll conducted recently stated that more than half of the citizens of Sweden, Denmark and Norway fear more countries could leave the EU.

Jun 23, 2016

Textile policy 2016: Cotton production holds the key to Modi government's export push

Cotton-based goods accounted for almost 90 percent of India's total textile exports of about $40 billion in 2015-16.

Jun 23, 2016

RBI Governor Raghuram Rajan views China as an 'inspiration'

Raghuram Rajan said that over the next 10 to 15 years, India would reach where China is today.

Jun 23, 2016

Oil prices fall as Canada oil sands fields gradually return

Oil rises as markets on tenterhooks ahead of Brexit vote

Once the Brexit vote is out of the way the oil market is likely to switch its focus to fundamentals.

Jun 23, 2016

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Brexit: UBS warns of up to Â£350 billion loss in market capitalisation

In a note, Swiss financial services firm UBS said the London Stock Exchange's FTSE would gain if Britain decides to stay with EU.

Jun 22, 2016

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Economy News

India's forex reserves hit record high of $363.83 billion amid market turmoil

Thomas Cook suspends online currency sales; Indians stand to gain from pound devaluation

Brexit: Bank of England wont hesitate to take additional measures after Brexit

Raghuram Rajan says strong fundamentals put India on firm footing despite Brexit

Brexit: FM Arun Jaitley says India 'prepared' to face consequences [FULL TEXT]

Sterling, global stocks in free fall as Britain votes to exit EU

Asia policymakers ready to act as Brexit vote roils markets

Oil slumps after early returns show close Brexit vote

Indian firms go slow on foreign borrowings

Govt lets you know subsidy on railway tickets so to 'rationalise' prices later

Brexit or Bremain, EU members are already feeling the referendum heat: Report

Textile policy 2016: Cotton production holds the key to Modi government's export push

RBI Governor Raghuram Rajan views China as an 'inspiration'

Oil rises as markets on tenterhooks ahead of Brexit vote

Brexit: UBS warns of up to Â£350 billion loss in market capitalisation

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