Economy News

Mukesh Ambani confirms India's economic slowdown temporary, reforms undertaken to reverse trend

Mukesh Ambani stated that the reforms undertaken by Prime Minister Narendra Modi's government since August will bear fruits in the next few quarters.

Oct 30, 2019

Why did RBI slap Rs 1 crore penalty on Bandhan Bank?

Bandhan Bank was required to bring down the shareholding of its "non-operative financial holding company" to 40 per cent of its paid-up equity capital within three years from the date of start of business.

Oct 30, 2019

Air India Airbus A320 passenger aircraft.

Air India divestment: Will India allow 100% foreign ownership to attract buyers?

DPIIT and the aviation ministry exploring options including easing of FDI norms to attract bidders for Air India after last attempt's failure

Oct 29, 2019

More sectors to be brought under subsidised UDAN regional connectivity scheme

Airport Authority of India may announce more subsidised flights to revive unserved and underserved sectors under Prime Minister Modi's UDAN programme; there are already more than 600 regional connectivity routes served under the scheme.

Oct 28, 2019

What is RCEP? Will it be bad for economy like demonetisation, GST as some think?

China-led, 16-member RCEP is an expansion of the 10-member Asean by taking in the Asian bloc's free trade partners; the RECP is expected to cover about 3.4 bn population and $49.5 trn GDP (PPP) marking 39.5% of the global economy.

Oct 26, 2019

India rises up 14 ranks to 63rd place in World Bank 'Doing Business' list

The report stated that starting a business in India has been made easier by abolishing filing fees for the Simplified Proforma for Incorporating a Company Electronically (SPICE), electronic memorandum of association, and articles of association.

Oct 24, 2019

Auto slowdown: Is Uber boss taunting Sitharaman with advice to millennials?

Uber CEO Khosrowshahi urges Indians to shun car ownership 'trap' unlike in the developed world and support innovation and new technologies; Sitharaman had suggested auto sector slowdown in part is because of ride-hailing apps like Uber and Ola.

Oct 23, 2019

Big bonanza for farmers: Govt hikes MSP for rabi crops from 50% to 109%

In a bid to increase farmers' income, the decision was taken at the meeting of the Cabinet Committee on Economic Affairs (CCEA), headed by Prime Minister Narendra Modi.

Oct 23, 2019

Auto companies aid Sensex in finishing in the green

The benchmark Sensex closed 94.99 points higher at 39,058.83 after logging an intra-day high of 39,196.67 and a low of 38,866.08. The broader Nifty ended at 11,604.10, gaining 15.75 points.

Oct 23, 2019

Why is the world watching for Prime Minister Modi's response to Walmart letter?

Walmart boss Dough McMillon writes to Prime Minister Narendra Modi seeking more clarity for India's business regulations.

Oct 22, 2019

Modi meets US india strategic partnership forum members

FTA with the US? How close is India to clinching the all-important trade deal?

Commerce Minister Piyush Goyal said US trade ambassador Lighthizer concurs with him on the potential of a free trade agreement (FTA) between the two countries.

Oct 22, 2019

Amazon, Flipkart record festival sales euphoria may wither under regulatory fire

DPIIT asks e-commerce giants Amazon and Flipkart to reveal top-five sellers and capital structure following trade body's complaints about foreign direct investment norms violation and deep-discounting worries.

Oct 21, 2019

UAE gears up one-year countdown to Expo 2020 Dubai

The mega event is expected to attract about 25 million visitors over a period of six months to the prestigious venue, which is spread across 4.38 square kilometres in Dubai South economic zone.

Oct 20, 2019

Govt may permit private sector companies to commercially mine coal post Diwali

Government sources said that draft rules, bid documents and agreements for commercial mining has been prepared and it would be finalised by the first week of November.

Oct 20, 2019

FM Sitharaman pitches special plan for firms fleeing China

Is India the new China? Sitharaman eyes blueprint for firms fleeing trade war

Finance Minister Sitharaman says a 'blueprint' to attract investment deserting China over trade tensions with the US will have importance beyond the current crisis.

Oct 20, 2019

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Economy News

Mukesh Ambani confirms India's economic slowdown temporary, reforms undertaken to reverse trend

Why did RBI slap Rs 1 crore penalty on Bandhan Bank?

Air India divestment: Will India allow 100% foreign ownership to attract buyers?

More sectors to be brought under subsidised UDAN regional connectivity scheme

What is RCEP? Will it be bad for economy like demonetisation, GST as some think?

India rises up 14 ranks to 63rd place in World Bank 'Doing Business' list

Auto slowdown: Is Uber boss taunting Sitharaman with advice to millennials?

Big bonanza for farmers: Govt hikes MSP for rabi crops from 50% to 109%

Auto companies aid Sensex in finishing in the green

Why is the world watching for Prime Minister Modi's response to Walmart letter?

FTA with the US? How close is India to clinching the all-important trade deal?

Amazon, Flipkart record festival sales euphoria may wither under regulatory fire

UAE gears up one-year countdown to Expo 2020 Dubai

Govt may permit private sector companies to commercially mine coal post Diwali

Is India the new China? Sitharaman eyes blueprint for firms fleeing trade war

Time for India to follow suit? France, Germany, Netherlands, US banned use of EVMs [here's why]

Dhanush's Captain Miller has no buyers in Telugu states? Here's why

Deepika Padukone is a sight to behold in velvet gown; attends Academy Museum Gala with Selena Gomez, Dua Lip [see pics]

Is exhibiting cleavage mandatory? Malaika Arora opts for low neck sleeveless outfit at event in Vrindavan, leaves netizens furious

'She is cruel…': Ankita Lokhande CRIES after fight with Mannara, tells Vicky she wants to go home; fans react