Economy News

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Crude awakening: Chinese oil demand rebounds as independent refiners restock

Global benchmark Brent oil prices had fallen more than 30 percent to just above $50 a barrel by the end of 2018.

Jan 28, 2019

Will interim budget give a liquidity lifeline to realty sector?

Hundreds of housing projects across India are today stalled for want of funds, in turn driving down the real estate sentiment.

Jan 28, 2019

Banks sell bad debt at fire sale prices; it isn't good news for Modi

This development is bad news for Prime Minister Narendra Modi, who is keen to get banks lending more to stimulate the economy and create more jobs ahead of an election due by May this year.

Jan 28, 2019

Controversial Chinese app humiliates 'deadbeat debtors' publicly: Here's how

A Chinese province of Hebei has created an app that alerts users when they are within 500 meters of debt defaulters.

Jan 24, 2019

Snail-paced insolvency route forces 16 banks to sell bad loans worth Rs one lakh crore

Many PSBs including Bank of India, Dena Bank and Punjab National Bank are aggressively selling their bad loan to clean up their balance sheet.

Jan 24, 2019

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India will become world's fastest growing economy in 2019-20: IMF

India's growth could rise from an estimated 7.3% in the current financial year to 7.5% in 2019-20 amid a global slowdown.

Jan 22, 2019

Rupee depreciates 26 paise against US dollar in early trade

Forex dealers said the dollar's gains against some other currencies overseas too weighed on the rupee sentiment.

Jan 21, 2019

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Budget expectations, Q3 results to guide Indian equities

The NSE Midcap Index has closed at a five-week low and is beginning to witness broad-based selling. Nifty on the other hand has been able to eke out gains based on a select few bluechip stocks.

Jan 20, 2019

China set to post slowest growth in 28 years in 2018, more stimulus seen

China is expected to report on Monday that economic growth cooled to its slowest in 28 years in 2018 amid weakening domestic demand and bruising U.S. tariffs, adding pressure on Beijing to roll out more support measures to avert a sharper slowdown.

Jan 20, 2019

Railways to cut down on Electricity cost, plans to invest in solar power units along tracks

The government's nodal agency, Solar Energy Corporation of India (SECI) has planned to invite the solar bidding in two tranches of 2 GW each to be built across 10 states.

Jan 19, 2019

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US dollar edges up amid economic data

The dollar index, which measures the greenback against six major peers, rose 0.01 per cent at 96.0658 in late trading.

Jan 18, 2019

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Asian markets mixed as Huawei report offsets US earnings

After a tumultuous December, global equities have enjoyed a broadly strong start to the year, largely thanks optimism China and the US will resolve their trade row.

Jan 17, 2019

Realty inventory worth Rs 1 lakh crore shines light on ready-to-move-in units

Listed companies alone build up an inventory equivalent to 32 months' annualised net sales in the first half of FY19.

Jan 15, 2019

Tata Nano at manufacturing plant in Gujarat

Lower IIP numbers may temper Modi government's GDP estimate

November IIP numbers indicate a more-than-expected contraction of growth in consumption and investments clouding GDP growth rate in FY19.

Jan 14, 2019

The 2018 CBI Conference Takes Place On The Greenwich Peninsular

Brexit takes toll on Britain's financial sector, outlook weak

Profitability in the sector which raises the most tax in Britain was flat for the third quarter in a row in the three months to December 2018, the survey released on Monday said.

Jan 14, 2019