Economy News

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.

Nov 19, 2018

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.

Nov 16, 2018

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.

Nov 16, 2018

Exit of Flipkart CEO adds to fears in Corporate India about sexual misconduct - report

Binny Bansal has denied the misconduct accusations, which two sources told Reuters followed an allegation of sexual assault.

Nov 16, 2018

Theresa May seeks backing from cabinet for Brexit deal

Theresa May said the cabinet had had a long, detailed and impassioned debate and the draft withdrawal agreement was the best that could be negotiated with Brussels.

Nov 15, 2018

Sensex ends 119 pts higher; Nifty breaches 10,600 mark amid easing crude oil prices

The appreciation in rupee, firming trend in other Asian markets and a higher opening of European equities too influenced market mood.

Nov 15, 2018

Interim budget 2019: Arun Jaitley may make crucial announcements in direct tax

The interim budget of this year is expected to include a wide range of direct tax proposals as compared to any other interim budgets in the past.

Nov 15, 2018

RBI, FinMin unlikely to be influenced by IMF's change of heart towards cryptocurrencies

Sweden's central bank has run some tests and the IMF has credited Canada, China and Uruguay as also going ahead with plans to provide a digital currency.

Nov 15, 2018

Sensex rises over 100 points on fresh fund inflow, strong rupee

Sentiment turned positive after foreign investors pumped fresh funds into the market and global crude prices eased further, traders said.

Nov 15, 2018

Leading equity strategist supports govt in RBI row; says Modi return in 2019 is best scenario

Wood had said in April that the famed India growth story would be hurt if Modi isn't re-elected in 2019.

Nov 14, 2018

PM Modi invites global tech firms to be part of India's fintech success by investing in innovation

Pitching India as a favourite destination for technology-based investment, PM Modi said cell phone and Aadhar were the vital enablers of this model.

Nov 14, 2018

Sensex rebounds 332 pts on easing crude, rupee gains

The rupee staged a strong comeback by strengthening 37 paise to 72.52 (intra-day) against the American currency.

Nov 13, 2018

Hiring shoots up to 21% in October; IT sector leads

The report showed some encouraging numbers in terms of hiring with the demand for freshers jumped by 24 per cent with an experience in the range of 0-3 years.

Nov 13, 2018

China's largest bank offers $200 mln lifeline to Indian MSME sector

In the current round of funding, seven to eight start-ups could get a commitment to the tune of $30 million, the Indian embassy said in a statement issued in Beijing.

Nov 13, 2018

PM Modi steps in to quell RBI-North Block spat

The Prime Minister may have met RBI chief Urjit Patel to defuse RBI-Finance Ministry dispute ahead of the announcement of the action plan to boost MSME sector.

Nov 13, 2018