Economy News

Asia shares climb as China blue chips hit five-year peak

Asian shares scaled four-month peaks on Monday as investors counted on super-cheap liquidity and fiscal stimulus to sustain the global economic recovery, even as surging coronavirus cases delayed re-openings across the United States.

Jul 6, 2020

'Small businesses may not survive prolonged crisis': Khatabook CEO predicts

During the lockdown, retail businesses have been worst hit across all regions and categories. The two worst-hit sectors automobiles and textiles have seen a noted increase in transactions by 73% and 76% respectively, post relaxation in lockdown. Culling more insights from Ravish Naresh, CEO of Khatabook here...

Jul 3, 2020

India's factory activity contracts for third straight month in June

The virus has infected over half a million people in the world's second-most populous nation, stalling economic activity, but Wednesday's survey suggested the worst may be over for the economy, at least for now.

Jul 2, 2020

NDMC extends property tax deposit date till July 31

MCD takes property tax on buildings and vacant land. There are three ways of computing taxes -- annual rental value, capital value and unit area system.

Jun 30, 2020

bse sensex, nse nifty, top losers, economic survey 2017, highlights of economic survey 2017, sensex gainers, sensex losers

Indian shares rise on recovery hopes, Nifty set for best quarter in 11 years

Indian shares rose on Tuesday, June 30 with the benchmark index set for its best quarter since 2009, as upbeat U.S. and China data renewed economic recovery hopes, while investors awaited PM Modi's speech later in the day.

Jun 30, 2020

Trump shutting doors to immigrants: Will America survive and revive itself without skilled Indians on H-1B visas?

Following the proclamation issued by the Trump administration banning temporary issuance of H-1B visas, H-2Bs, L visas and J visas with effect from June 24 to December 31, 2020, we wonder if this move will help the US economy survive and revive itself from the Covid-19 crisis.

Jun 23, 2020

PNB buys Audi cars for MD, senior executives amid coronavirus-induced financial crisis

Reportedly, the PNB took the delivery of these high-end luxury cars worth approximately Rs 1.34 crore last month, unmindful of the coronavirus outbreak, subsequent nation-wide lockdown and its crippling effect on the financial sector as well as the economy.

Jun 10, 2020

Oil prices see an increase for the second consecutive day, raised by 60 paise per litre

The increase has been made under the dynamic pricing system for daily revision of fuel prices, which OMCs resumed after over the 80 day break during the lockdown period.

Jun 8, 2020

Indian Overseas Bank reduces interest rates on loans, check here

In a statement, the bank said that loans linked to marginal cost of funds based lending rate (MCLR) will become cheaper.

Jun 8, 2020

FY20 gross direct tax collection down nearly 5% at 12.33 lakh crore

The gross direct tax collection stood at Rs 12,33,720 crore for last fiscal, compared to Rs 12,97,674 crore collected in FY 2018-19.

Jun 8, 2020

India's economy seen slowing rapidly in March quarter, with worse to come

Gross domestic product data out later on Friday is expected to show India's economy grew at its slowest pace in at least two years in the March quarter as the coronavirus pandemic weakened already declining consumer demand and private investment.

May 29, 2020

Sensex, Nifty rise 1% on global cues; banking shares gain

The NSE Nifty 50 index rose 1.2% at 9,148.8 by 0347 GMT, while the S&P BSE Sensex gained 1.04% to 30,994.03.

May 26, 2020

New RBI governor Shaktikanta Das. Photo: Reuters

RBI Governor Shaktikanta Das cuts repo rate to 4%, reverse repo rate to 3.35%: Key points from press meet

Reserve Bank of India Governor Shaktikanta Das holds a press conference on monetary measures for Covid-19 relief. Scroll down to read other major announcements.

May 22, 2020

Bill to delist Chinese cos. from exchange passed in US senate; will Modi government follow?

The bill that was introduced by Republican Senator John Kennedy, and a Democrat Chris Van Hollen from Maryland was overwhelmingly passed in the upper chamber of the United States Congress.

May 21, 2020

Amid rising global noises, will India replace China as the biggest manufacturing hub in Asia?

Cashing on the Covid-19 times dampening global economic prospects for this year and next, many radical voices are saying that India is on the way to become the next big manufacturing factory in Asia to replace China soon. This reflects nothing except national hubris and foul cry.

May 20, 2020

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Economy News

Asia shares climb as China blue chips hit five-year peak

'Small businesses may not survive prolonged crisis': Khatabook CEO predicts

India's factory activity contracts for third straight month in June

NDMC extends property tax deposit date till July 31

Indian shares rise on recovery hopes, Nifty set for best quarter in 11 years

Trump shutting doors to immigrants: Will America survive and revive itself without skilled Indians on H-1B visas?

PNB buys Audi cars for MD, senior executives amid coronavirus-induced financial crisis

Oil prices see an increase for the second consecutive day, raised by 60 paise per litre

Indian Overseas Bank reduces interest rates on loans, check here

FY20 gross direct tax collection down nearly 5% at 12.33 lakh crore

India's economy seen slowing rapidly in March quarter, with worse to come

Sensex, Nifty rise 1% on global cues; banking shares gain

RBI Governor Shaktikanta Das cuts repo rate to 4%, reverse repo rate to 3.35%: Key points from press meet

Bill to delist Chinese cos. from exchange passed in US senate; will Modi government follow?

Amid rising global noises, will India replace China as the biggest manufacturing hub in Asia?

'She is cruel…': Ankita Lokhande CRIES after fight with Mannara, tells Vicky she wants to go home; fans react

Ranveer Singh touches Sanjay Leela Bhansali's feet; Sara Ali Khan, Aditi Rao Hydari radiate in ethnic outfits at reception

Omar lambasts "arrogant" Congress after BJP's historic victory; Mehbooba reacts [details]

Ranbir Kapoor's fans burst crackers inside theatres during Animal screening; fans say 'low budget Salman Khan' fans'

'Feels like a dream': Bobby Deol CRIES seeing outpour of love for his role in Animal; fans say 'success tears'