Economy News

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

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

Global Markets: Asian shares falter from 1-1/2-month highs, markets wary about China data

Partial data on trade from China showed dollar-denominated exports growth was the highest since 2011. Markets are still awaiting numbers for December due shortly.

Jan 14, 2019

Rupee rises 7 paise to 70.34 vs US Dollar in early trade

The rupee opened strong at 70.38 at the interbank forex market against the previous close of 70.41 per dollar then further gained a high of 70.34 amid a positive opening in domestic equities.

Jan 11, 2019

Asia stocks at one-month high, focus stays on US-China trade talks

Asian stocks inched higher to one-month highs on Friday, after Federal Reserve Chairman Jerome Powell reiterated the U.S. central bank can be patient on raising interest rates further.

Jan 11, 2019

Venture capital backed exits jumps to all-time high of $165 billion

North America and Greater China including China, Taiwan, Hong Kong, and Macau contributed for $219 billion, or 79.9%, of funding on the global scale

Jan 11, 2019

Credit offtake jumps to 47-year high even as deposits remain sluggish

RBI data highlights that credit jumped 15.1% in December, as against a year earlier, while deposits increased 9.2% during the same period.

Jan 11, 2019

World Bank cautions India of turbulence in trade, manufacturing

Multilateral lender pegs India growth higher than national estimate but warns emerging economies are at risk from temporary factors.

Jan 10, 2019

New year brings fresh hopes for bulls in Asian currencies

With the trade talk outcome still uncertain, failure could quickly reignite pressure on the yuan with some still expecting it to breach the key 7-per-dollar mark on dimming growth outlook.

Jan 10, 2019

NBFC crisis hits real estate sector; sales growth muted at 6%

In the first six months of this year, 1,82,207 units were launched across eight cites including Mumbai, Bengaluru and the National Capital Region (NCR), out of which nearly 60 percent were priced below ₹50 lakh

Jan 10, 2019

Threat for Indian workers as Dubai ruler says job nationalisation will double in 2019

The nationalisation of jobs increased a whopping 200 percent in Dubai in 2018, says Sheikh Mohammed bin Rashid Al Maktoum.

Jan 9, 2019

Indian rupee seen facing more punishment, but no new record low: Reuters poll

The rupee's path this year will largely be determined by the results of national elections in May, oil price moves and the Reserve Bank of India's policy.

Jan 9, 2019

Unemployment rate in India shoots up to 7.4% in December; 11 million jobs lost in 2018

Data also showed that besides an increase in the unemployment rate, the Indian labour market is also witnessing a dip in the labour participation rate.

Jan 9, 2019

Monsanto has last laugh in BT cotton patent battle in India

The introduction of lab-altered seeds in India by Monsanto in 2003 changed the farming landscape in the county, which went on to become the world's biggest producer of the yarn in subsequent years.

Jan 8, 2019

Indians' average income doubled under Modi's watch, but there's a fine print

The Centre for Monitoring Indian Economy says unemployment rate in the country shot up in the last year, hitting the highest level in 27 months in December 2018

Jan 8, 2019