Economy News

Hindustan Aeronautics IPO to open on March 16, raise Rs 4,200 crore

The face value of the Hindustan Aeronautics Limited (HAL) share is fixed at Rs 10 per share. The issue price band will be Rs 1,215 to Rs 1,240 per share.

Mar 12, 2018

PNB fraud: All state-run banks exposed to Rs 12,000 crore scam

In the light of the Punjab National Bank scam, the Reserve Bank of India has started a special audit of public sector banks.

Mar 12, 2018

Economy & markets update for March 12: Strong U.S. jobs report buoys sentiment

SGX Nifty signals a strong start for the domestic markets after the benchmark Sensex lost 44 points or 0.13 percent to close at 33,307 on Friday.

Mar 12, 2018

UK think tank Royal Commonwealth Society calls for cheaper visas for Indians

A proposed UK-India Visa Agreement would reduce the cost of a two-year visa from £388 (Rs 34,939) to just £89 (Rs 8,014) and let travelers make repeat visits within two years.

Mar 10, 2018

Passport mandatory for loans of more than Rs 50 crore from PSBs

Following the PNB scam, the Finance Ministry has made passport details mandatory for loans above Rs 50 crore from Public Sector Banks so that defaulters cannot escape abroad.

Mar 10, 2018

RBI slaps Rs 5 crore penalty on Airtel Payments Bank

The decision has been taken as Airtel Payments Bank violated the 'Operating Guidelines' and directions issued by RBI on Know Your Customer norms.

Mar 10, 2018

Stock market outlook, week of March 12: Inflation, Bharat Dynamics IPO, US data

The Indian markets will focus on inflation and industrial production figures back home and a slew of U.S. macro-economic data in the coming week.

Mar 10, 2018

16.65 crore PAN, 87.79 crore bank accounts linked to Aadhaar as deadline nears

As many as 87.79 crore bank accounts have been linked to Aadhaar number as on March 2, minister of state for finance Shiv Pratap Shukla said in the Lok Sabha.

Mar 9, 2018

UDAN Version 2: Details about Regional Connectivity Scheme's overseas flights

Announcement of UDAN version 2 comes at a time when major Indian carriers are expanding fleets to connect smaller cities.

Mar 9, 2018

As US tightens H-1B visa norms, Japan to recruit 2 lakh Indian IT professionals

Good news for the Indian techies who are facing troubles due to changes in the H-1B visa norms in the US. Japan is planning to issue green cards for skilled professionals.

Mar 9, 2018

Diu becomes India's first Union Territory to run 100% on solar power

An executive engineer from Diu's electricity department says the Union Territory generates 10.5 MW energy from solar power, but needs only 7 MW.

Mar 9, 2018

Economy and markets: All you need to know to start your day on March 9

SGX Nifty signals a positive start for the domestic markets after the benchmark Sensex gained 318 points or 0.96 percent to close at 33,351 on Thursday.

Mar 9, 2018

HDFC Bank raises lending rates: Loans and EMI to get costlier

The Increase in marginal cost of funds based lending rates by the bank implies that the EMI (Equated Monthly Installments) and interest rates of loans will also go up.

Mar 8, 2018

Coca-Cola to enter booze business: All set to add extra fizz to its portfolio with new alcoholic drink

Coca-Cola is all set to launch a canned beverage called Chu-Hi made with a distilled beverage called shochu and some flavors.

Mar 8, 2018

AP special status row: Here's all you need to know

Initially three states Assam, Nagaland and Jammu & Kashmir were granted special status.

Mar 8, 2018