Economy News

Half of India's ATMs to close down by March 2019; is 'Digital India' ready?

The Confederation of ATM Industry (CATMi) has warned against another financial shock which may arrest the cash supply in the economy.

18 days ago

Safe-haven dollar trades lower as risk-on sentiment returns

The dollar index, a measure of its value versus six major peers, traded lower at 96.7 on Thursday. The index lost more than 0.1 percent of its value in the previous trading session.

19 days ago

Heavy truck sales to get affected amid liquidity crunch

Small non-banking financial cooperation (NBFCs) are struggling to raise loans moreover with bigger financiers raising interest rates, fleet operators are forced to delay the orders.

20 days ago

This public advocacy group plans to fight nationalism by building a global movement

The initiative, launched by community organisation The Fourth Group and civic leaders worldwide, aims to democratise global governance by giving members the opportunity to vote for global representatives and vote for global campaigns.

20 days ago

Tax evasion of Rs 29,088 crore detected in 1,835 cases during April-October 2018

The total number of cases where service tax was evaded stood at 1,145 involving Rs 22,973 crore. In the case of central excise duty, the DGGI detected 119 cases where tax evaded was worth Rs 1,553 crore.

20 days ago

Delhi airport charges hiked seven times; flying out from national capital to get costlier

Currently, the domestic passengers pay Rs 10 each for departing from the Indira Gandhi International airport while an international traveller has to pay Rs 45 as user development fee.

20 days ago

India's crude oil imports rise to highest level in at least 7 years

India is among the eight countries to have received a waiver from the United States to continue crude oil imports from Iran without penalty after sanctions were reimposed on Tehran.

20 days ago

In an ambitious plan, PM Modi wants to double the economy to $5 trillion

Highlighting the work done by his incumbent government he said that efforts are being made to double the size of the economy.

21 days ago

Sensex, Nifty snap three-day rally on global selloff

Other big losers were Tata Steel falling 3.21 per cent, Vedanta 2.89 per cent, NTPC 2.42 per cent, Bharti Airtel 2.09 per cent, SBI 1.79 per cent, HDFC 1.31 per cent, ICICI Bank 1.24 per cent and Maruti Suzuki 1.18 per cent.

21 days ago

Rupee continues rising spree for sixth straight day, strengthens 29 paise to 71.38 against US dollar

The domestic unit opened with strength at Rs 71.39 at the Interbank Foreign Exchange and advanced further to trade at 71.38 against the US dollar. This is the highest level since September 4.

21 days ago

Amid weak Q2 results, India Inc profit forecasts cut; Tata Motors and Vedanta take biggest hit

The weak demand environment has not allowed the companies to transfer the higher input costs to consumers which have eventually led to the weakened operating profit margins.

22 days ago

CIC asks PMO, RBI to disclose wilful defaulters' list, Raghuram Rajan's letter on bad loans

The commission had earlier issued a show cause notice to RBI Governor Urijit Patel for "dishonouring" a Supreme Court judgment and CIC directive on disclosure of the list of wilful defaulters.

22 days ago

Petrol and diesel prices dip further as global crude rates ease

Many factors affected this downward trend, like the recovery of rupee against dollar and a lower rate on international crude oil.

22 days ago

Rupee rises 10 paise against US dollar to 71.87

At the interbank forex market, the rupee opened higher at 71.94, and advanced 10 paise to 71.87 against the US dollar.

25 days ago

British PM Theresa May vows to move on with her Brexit plan

The prime minister made the statement as she is facing a possible leadership challenge after Jacob Rees-Mogg, a leading eurosceptic in her Conservative Party, sought a non-confidence vote over her draft agreement to leave the European Union (EU) in March 2019.

25 days ago