Economy News

NBFCs outperform banks when it comes to managing bad loans

The bad loans, or NPAs of non-banking financial companies (NBFCs), are far lower than that of banks, especially state-owned.

Aug 5, 2017

Letting go, slowly: Govt to divest up to 25% stake in 4 defence firms via IPO floats

The government has so far sold equity in Hindustan Copper, Cochin Shipyard, HUDCO, L&T and the Dredging Corporation, among others.

Aug 4, 2017

Another case of 'Children Bank of India' fake notes dispensed from a private bank ATM in Mumbai [VIDEO]

The counterfeit Rs 2,000 notes were dispensed bearing 'Guaranteed by the Children's Government', 'Churan label', 'I promise to pay the bearer two thousand coupons' etc.

Aug 4, 2017

Rated tame: RBI behind curve on rate cuts, say frustrated Indian officials

Headline inflation reflects a structural shift, and is low enough to warrant more aggressive cuts, say senior govt officials.

Aug 3, 2017

Arun Jaitley defends SBI's decision to cut interest rate on savings account

All India Trinamool Congress (AITMC) lawmaker Derek O'Brien raised the issue through a Zero Hour mention.

Aug 3, 2017

GST woes: After manufacturing, services activity hits a new low in July

Both the PMI indices, manufacturing and services, slipped below the crucial threshold of 50 in July, says IHS Markit.

Aug 3, 2017

RBI cuts repo rate: Home loans won't be cheap

After the 25bps cut in the lending rate by the central bank, the cost of funds for the banking system is expected to come down further. The home loan borrowers should, therefore, get the advantage of lower EMIs.

Aug 2, 2017

India's job confidence is highest in Asia Pacific market; does it reflect the ground reality?

India's job confidence is highest in the Asia Pacific market according to Michael Page Job Applicant Confidence Index Q2 2017.

Aug 2, 2017

RBI Monetary Policy: Repo rate cut by 25 bps, policy stance neutral

Following the decision, the benchmark repo rate stands reduced to six percent from 6.25 percent. Accordingly, the reverse repo rate has been pegged down to 5.75 percent from previous six percent.

Aug 2, 2017

Sikkim standoff: How affected are Chinese firms in India amid calls of boycott?

How are Chinese firms doing in India amid calls for boycott of Chinese goods from various quarters? Find out.

Aug 2, 2017

Restructured bank loans fall in FY17: Report

The fall is significant when compared to the preceding two financial years.

Aug 1, 2017

Arvind Panagariya quits as NITI Aayog vice-chairman

Arvind Panagariya wants to return to Columbia University as he has exhausted his leave of absence. The PM has accepted the resignation and his last day in office will be August 31.

Aug 1, 2017

Rs 8,450 crore deal: Has Modi govt blocked China's biggest acquisition in India?

The Cabinet Committee on Economic Affairs, chaired by Prime Minister Narendra Modi, has reportedly decided to block a Chinese firm's deal with Hyderabad-based Gland Pharma.

Aug 1, 2017

Interest rate cut on savings deposits augurs well for banks, say Nomura analysts

If all banks reduce interest rate on savings deposits, public sector lenders stand to gain more than others.

Aug 1, 2017

Why Indians will pay more for buying petrol and diesel starting August 1

The All India Petroleum Dealers Association has been considering hiking petrol price by Rs 1 per litre and Rs 0.72 per litre for diesel.

Aug 1, 2017