Economy News

Here's why ATMs across India are facing cash crunch

News reports from various states, including Andhra Pradesh, Madhya Pradesh, Telengana, Maharashtra and Bihar, said that automated teller machines (ATMs) were facing a cash crunch.

Apr 18, 2018

Capricorn Food to go public: IPO details

Capricorn Food Products aims to utilize IPO proceeds toward repayment of debts of the company, investment in its subsidiary Gonglu, and general corporate purposes.

Apr 17, 2018

Mahindra & Mahindra share price: Company's market cap over Rs 1 trillion

Mahindra and Mahindra Limited (M&M) has joined the Rs 1 trillion market cap club of companies Tuesday on the BSE (Bombay Stock Exchange).

Apr 17, 2018

Top-paying jobs, cities in India: Doctors, management professionals, Bangalore lead list

Employees in Bengaluru are earning an average annual salary of about 10.8 lakhs, says Randstad Insights. Pune stands second at Rs 10.3 lakhs.

Apr 17, 2018

Can India create 81 lakh jobs annually to maintain employment rate?

Job creation has been one of the biggest headaches for the prime minister Narendra Modi-led government and the recent guidance from the World Bank could further aggravate worry on this count.

Apr 17, 2018

Kotak Mahindra Bank beats SBI to become India's 2nd most valuable lender

Kotak Mahindra Bank shares climbed 1.8 percent to a record Monday, exceeding SBI's market capitalization of 2.22 trillion rupees.

Apr 17, 2018

Now Maharashtra, Bihar and Gujarat reel under cash shortage

Bankers believe there is hoarding of the Rs 2,000 notes by people leading to cash shortage.

Apr 17, 2018

EPFO to accept PF claims of above Rs 10 lakh offline now

The EPFO has said that PF withdrawal claims of over Rs 10 lakh, submitted offline via physical forms, will also be accepted now.

Apr 16, 2018

Alibaba's Taobao bans listing of cryptocurrency and ICO services

Taobao has announced that it will be banning the sale of cryptocurrencies, ICO's (initial coin offerings) and other virtual currency-related services from its platform effective on April 17, 2018.

Apr 16, 2018

Japan's monumental discovery of rare earths can supply the world for centuries

There are only a few economically viable areas where rare earth metals can be mined and they are generally expensive to extract.

Apr 16, 2018

UCO Bank fraud: Shares plunge 18% after CBI booked ex-chairman

UCO Bank shares plunged nearly 18 percent Monday after the CBI booked Arun Kaul, former chairman-cum-managing director of the bank in Rs 6.21 billion loan fraud case.

Apr 16, 2018

India on currency manipulator watchlist: Should we be worried?

The Indian currency is now added to the 'watch list' of nations that may be intervening excessively in their foreign exchange markets and distorting trade flows.

Apr 16, 2018

Idea, Vodafone may fire thousands of employees: Report

The merger of Idea and Vodafone could result in the loss of jobs for about a fourth of the telcos' combined 21,000-strong workforce in the next few months.

Apr 16, 2018

Bad news! Govt not to raise EPF cover wage limit to Rs 21,000

The decision of not increasing the salary threshold may not go down well with workers' unions at a time of rising anti-government protests across the country.

Apr 16, 2018

US puts India on watch list over currency practices

The report of US department of treasury said that no major US trading partner was found to have met the legislative standards for currency manipulation.

Apr 14, 2018