Economy News

New investments plunge to 14-year low amid Lok Sabha election year policy uncertainties

New project announcements worth Rs 1 lakh crore in December quarter was 53 per cent off the September quarter achievement and 55 per cent less year on year.

Jan 3, 2019

New year bonanza for salaried class as Modi govt may hike EPF rate

The retirement body had Rs 600 crore in surplus last year when it offered 8.55 per cent interest on an investment.

Jan 3, 2019

New Year cheer: Mass consumption items cheaper with GST cut

At its 31st meeting on December 22, the Goods and Services Tax (GST) Council chaired by Union Finance Minister Arun Jaitley agreed to cut tax rates on 23 goods and services.

Jan 1, 2019

India retains crown as 'world's fastest growing economy'; China a close second

Indian economy's roller-coaster ride during the year gone by was best captured by the GDP growth. In the first quarter of 2018-19 ending June 30, it grew at an impressive 8.2 percent, after 7.7 percent in the first three months of the year.

Jan 1, 2019

Nifty, Sensex mark cautious start to 2019

This year is expected to be a crucial one for India as it heads into a general election that must be held by May.

Jan 1, 2019

IL&FS (Infrastructure Leasing and Financial Services Ltd.)

Ethiopian staff demand 8 months' salary as IL&FS hostage crisis deepens

The Ethiopian Road Authority has decided to back the demand of the locals after authority met to discuss the issue last week.

Dec 31, 2018

Sharp dip in two-wheeler sales forces West Bengal govt to review license rules

Notably, the West Bengal government had issued a "stringent" notification in June this year which resulted in the sales of scooter and motor-cycle falling sharply

Dec 31, 2018

Director General Chandrajit Banerjee at a business meeting with CEOs of the Confederation of Indian Industry (CII)

India will see strong economic growth in 2019: CII

"The positive outlook is buttressed by strong drivers emanating from the services sector, infrastructure structure including construction equipment and better demand conditions arising out of election spending," CII said.

Dec 31, 2018

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Dollar steady; Aussie gains on US-China trade developments

The dollar traded narrowly against its peers on Monday, as risk sentiment remained fragile over heightened concerns of slowing global growth and a partial U.S. government shutdown.

Dec 31, 2018

Petrol and diesel prices at its lowest in 2018

Petrol prices, which have been on a decline since October 18 except for one day, are at their lowest level of 2018. Diesel rates are at their lowest since March-end.

Dec 30, 2018

India overtakes China in FDI inflows first time in 20 years

While India received more than $38 billion in FDI so far this year China lagged behind with $32 billion, data from global M&A and capital markets data provider showed.

Dec 28, 2018