Economy News

Rupee crosses 70 against US dollar

The rupee was last at 69.99 to the dollar, compared with its previous close of 69.95 per dollar.

Aug 14, 2018

Renewable energy firms become a new headache for already bleeding banks

The combined exposure of these 26 companies stands at a whopping Rs. 148.35 billion with a reason of default being termination of a contract, delay in Right of Way, stretched receivable cycle and the financial stress in the company

Aug 13, 2018

Repairing rogue satellites in space? China embarks on entirely new business mission

The research and developments on the proposed aircraft are being carried out by Chinese scientists. The aircraft would help bring the satellites short on fuel or experienced technical problems back to their proposed trajectories

Aug 13, 2018

Is China printing Indian currency notes? Article published in Hong Kong daily sparks debate

The article suggests that India and several other countries have allowed China's state-owned firms to print their currency.

Aug 13, 2018

Will private equity firms rescue debt-ridden Jet Airways?

Jet Airways is also trying to take other airline partners on board, primarily Delta Air Lines, for funds. Etihad Airways, which has a 24 percent stake in the airline, has shown reluctance to infuse additional capital.

Aug 13, 2018

Rupee hits a new low at 69.62 per dollar amid political crisis in Turkey

The Indian currency hit a record low as the political-economic crisis in Turkey creates panic.

Aug 13, 2018

Amid dearer oil prices, India's forex reserves fall to 7-month low

After hitting an all-time high of $426.08 billion in the week ended April 13, the Indian forex reserves have fallen gradually since the last four months.

Aug 11, 2018

Rupee predicted to trade at 68.22 per dollar in a year; will hit a major low

The battered rupee will trade in a tight range in the coming year but not far from its historic low, hampered by higher oil prices and as trade tensions hurt emerging markets, a Reuters poll found.

Aug 10, 2018

Walmart-Flipkart deal to fetch Narendra Modi-led govt Rs 13,000 crore in tax?

Walmart executives had a meeting with senior income tax officials and assured them that the company will comply with all the rules and regulations.

Aug 10, 2018

Panel on fair market conduct recommends phone call intercepting powers to SEBI

According to present rules and regulations, SEBI has the power to only ask for call records including numbers called and the duration of calls made.

Aug 10, 2018

Japan's trade balance likely to show deficit for July amid global trade tensions

Japan's exports likely grew at a solid pace in July, although worries lingered over global trade tensions, which could damage the nation's shipments and the economy, a Reuters poll showed on Friday.

Aug 10, 2018

State govts get nutritional cushion; Centre to sell pulses at discounted rates through PDS

Pulses like tur, chana, moong, masoor and urad will be sold at a discounted price of Rs 15 per kg over current wholesale prices.

Aug 10, 2018

CAG report identifies reasons why trains get constantly delayed in India

During the month between April 2017 and March 2018, the punctuality of mail and express trains stood at 71.39 percent as against 76.69 percent in 2016-17.

Aug 9, 2018

New US sanctions hit Russian market; rouble hits two-year low

The Russian currency is on track for its deepest weekly fall since early April when it lost 6.7 percent.

Aug 9, 2018

Sigh of relief for debt-ridden Indian airline sector; government may allow external funding

The aviation ministry has sought for a cap of $500 million (Rs 34.5 billion) for a single company and $1 billion (Rs 69 billion) for the entire aviation sector.

Aug 9, 2018