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Economy News

kerosene ongc bpcl hpcl shares diesel petrol omcs deregulation price hike

Nirmala Sitharaman's Budget rides high as subsidies cut by 50% in last 5 years

The government closed down about 4.03 crore duplicate, fake and inactive connections excluding the elimination of about 1.03 crore beneficiaries of the Pradhan Mantri Ujjwala Yojana above the poverty line. Jul 15, 2019
China economy slowdown

Chinese economic growth tanks to weakest in 27 years

The economy grew 6.2 percent in the second quarter from a year earlier, slower than 6.4 percent in the first quarter. Jul 15, 2019
IL&FS (Infrastructure Leasing and Financial Services Ltd.)

Big relief for pensioners as PF to get priority in repayment from IL&FS, rules NCLAT

The Uday Kotak-led new board has allowed companies classified under the green category to service their loan to all secured and unsecured creditors. Jul 14, 2019
inflation, retail inflation, inflation for march 2017, india news, indian economy

India's retail inflation hits 8-month high in June

A Reuters poll had predicted a retail inflation rate of 3.20% for June. Jul 13, 2019
ONGC

India aims to raise $47 billion from stake sales in state firms over 5 years

The plan will open up a steady stream of state companies to greater private investment, and target the kind of annual divestment revenue that will be crucial to meet fiscal deficit targets. Jul 13, 2019
Indian billionaire Gautam Adani

Adani mulls building Rs 700 bln data park to serve the likes of Google and Amazon

A new law proposed by the Indian government requires giant tech companies to store data locally. Jul 12, 2019
Samsung

Samsung to invest in 100 start-ups in big India push

The Samsung Venture Investment Corporation (SVIC) has already invested about $8.5 million in the four companies. Jul 12, 2019
digital payments, online shopping, digital india, payu india, lazypay

More trouble for PayU as India MD & Co-founder Shailaz Nag quits

Shailaz Nag is quitting PayU to look for more opportunities in the payments space. Jul 12, 2019
walmart

India's e-commerce rules regressive: Walmart to US government

Walmart had invested $16 billion in Indian e-commerce giant Flipkart, its biggest ever acquisition globally. Jul 12, 2019
UBS Swiss bank

Will PM Modi finally be able to bring back all black money from Swiss banks?

Fight against black money gets a boost as Swiss banks will give details from September, according to Switzerland's Federal Department of Finance (FDF). Jul 11, 2019
Visa granted to spouses of H-IB Visa holders

Indian techies to benefit as US House removes country cap on Green Cards

The new bill would eliminate the 7 percent country cap for employment-based immigrant visas and also remove an offset that reduced the number of visas from people from China. Jul 11, 2019
Indigo Airlines pilots exit

Who are Rahul Bhatia and Rakesh Gangwal? Here's all about the IndiGo promoters

Rakesh Gangwal has accused Rahul Bhatia of using unusual controlling rights in the company. Jul 11, 2019
crude oil price opec non opec output cut price globally brent crude petrol diesel modi govt demonetisation inflation

Modi govt may give up controlling stake in oil giants

The idea of giving up controlling stake in government-owned companies below 51 per cent was also tabled during Sitharaman's budget speech. Jul 10, 2019
Milk

Swiggy will soon deliver milk at your doorstep; here's how

Swiggy has acquired micro delivery business Supr for Rs $100 million through which it will sell milk, fruits and vegetables. Jul 10, 2019
Bombay Stock Exchange building BSE dalal street

Sensex tanks 200 points as bloodbath continues on Dalal Street, Nifty falls below 11,481

Sensex and Nifty fell as the Union Budget 2019 disappointed Dalal Street, which continued to react negatively to the Budget proposal. Jul 9, 2019
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