Economy News

India's crude oil imports rise to highest level in at least 7 years

India is among the eight countries to have received a waiver from the United States to continue crude oil imports from Iran without penalty after sanctions were reimposed on Tehran.

27 days ago

In an ambitious plan, PM Modi wants to double the economy to $5 trillion

Highlighting the work done by his incumbent government he said that efforts are being made to double the size of the economy.

28 days ago

Sensex, Nifty snap three-day rally on global selloff

Other big losers were Tata Steel falling 3.21 per cent, Vedanta 2.89 per cent, NTPC 2.42 per cent, Bharti Airtel 2.09 per cent, SBI 1.79 per cent, HDFC 1.31 per cent, ICICI Bank 1.24 per cent and Maruti Suzuki 1.18 per cent.

28 days ago

Rupee continues rising spree for sixth straight day, strengthens 29 paise to 71.38 against US dollar

The domestic unit opened with strength at Rs 71.39 at the Interbank Foreign Exchange and advanced further to trade at 71.38 against the US dollar. This is the highest level since September 4.

28 days ago

Amid weak Q2 results, India Inc profit forecasts cut; Tata Motors and Vedanta take biggest hit

The weak demand environment has not allowed the companies to transfer the higher input costs to consumers which have eventually led to the weakened operating profit margins.

29 days ago

CIC asks PMO, RBI to disclose wilful defaulters' list, Raghuram Rajan's letter on bad loans

The commission had earlier issued a show cause notice to RBI Governor Urijit Patel for "dishonouring" a Supreme Court judgment and CIC directive on disclosure of the list of wilful defaulters.

29 days ago

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.

29 days ago

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