Economy News

Court freezes Vijay Mallya's Diageo deal amount; fresh money laundering case registered against former chief of United Spirits

He and his group reportedly owe about Rs 7,800 crore primarily to Indian public sector banks.

Mar 7, 2016

Equity mutual fund inflows plunge to 21-month low in February: Report

At Rs 2,522 crore, February witnessed the third straight month when equity mutual fund investments dropped on account of falling stock markets.

Mar 7, 2016

SBI among 4 foreign banks granted approval to start branches in Myanmar

The four banks have been granted preliminary approval for a period of 12 months.

Mar 7, 2016

Nabard debuts with Rs 3,500-crore tax-free bond

The rural-economy-oriented development bank wants to utilise the proceeds for medium and minor irrigation projects.

Mar 7, 2016

Oil rises as traders close short positions, US producers cut rig count

U.S. energy firms last week cut oil rigs for an 11th week in a row to the lowest level since December 2009.

Mar 7, 2016

Karnataka govt's likely ticket price capping may bring revenues for multiplexes

The state government may propose fixing the maximum price of a movie ticket as Rs 120 in the budget.

Mar 6, 2016

India to study mergers of state-run banks in efficiency push

State-run lenders hold more than two-thirds of assets in India's banking sector.

Mar 6, 2016

China says cuts in overcapacity won't cause massive layoffs

Xu Shaoshi, head of NDRC told reporters at a briefing that economic growth will create more jobs.

Mar 6, 2016

RBI unlikely to cut policy rates before April: Reuters poll

In 2015, the RBI had surprised the markets by announcing a 25 basis points cut in repo rate, just a few days after the presentation of budget.

Mar 5, 2016

India's foreign exchange reserves plunge $3.58 billion to $346.79 billion

The fall is almost twice the decline registered in the preceding week ended Feb.19.

Mar 5, 2016

China sets cap for energy consumption for first time

Total energy consumption was 4.3 billion tonnes of standard coal in 2015, up 0.9 percent from the previous year.

Mar 5, 2016

IMF to identify holdings of China's yuan in reserves surveys

The move will aid China's effort to secure a bigger role for its currency by revealing quarterly reserve holdings of yuan among the 188 IMF member countries.

Mar 5, 2016

China lowers 2016 growth target, announces lowest defense budget increase in 6 years

China set a growth target of 6.5-7 percent in 2016.

Mar 5, 2016

JNU student leader Kanhaiya Kumar goes full throttle at Modi sarkar

The JNU student leader says Constitution can't be "doctored" and nationalism can't be "patented".

Mar 4, 2016

India can grow at 9% if states perform: NITI Aayog CEO Amitabh Kant

Kant admitted certain liquidity constraints caused by some stressed companies and banks, but hoped the budget proposals could iron them out.

Mar 4, 2016

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Economy News

Court freezes Vijay Mallya's Diageo deal amount; fresh money laundering case registered against former chief of United Spirits

Equity mutual fund inflows plunge to 21-month low in February: Report

SBI among 4 foreign banks granted approval to start branches in Myanmar

Nabard debuts with Rs 3,500-crore tax-free bond

Oil rises as traders close short positions, US producers cut rig count

Karnataka govt's likely ticket price capping may bring revenues for multiplexes

India to study mergers of state-run banks in efficiency push

China says cuts in overcapacity won't cause massive layoffs

RBI unlikely to cut policy rates before April: Reuters poll

India's foreign exchange reserves plunge $3.58 billion to $346.79 billion

China sets cap for energy consumption for first time

IMF to identify holdings of China's yuan in reserves surveys

China lowers 2016 growth target, announces lowest defense budget increase in 6 years

JNU student leader Kanhaiya Kumar goes full throttle at Modi sarkar

India can grow at 9% if states perform: NITI Aayog CEO Amitabh Kant

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