Economy News

PNB fraud rattles Indian lenders: Here are top five banking scams

Shares in Punjab National Bank slumped as much as 8 percent on Thursday, its second straight day of fall following fraudulent transactions at one of its branch in Mumbai.

Feb 15, 2018

Valentine's week: Bengaluru airport spreads scent of love across globe, exports 325 tonnes of roses

About 325 tonnes of roses were exported to 36 destinations in 25 countries between Feb 1 and Feb 14 from Bengaluru International Airport.

Feb 14, 2018

Changes proposed in PPF and small savings schemes: All you need to know

The government has proposed to allow premature closure of PPF accounts and opening of small savings accounts in the name of minors.

Feb 14, 2018

Bad loans and capital infusion: Welcome to the freeloaders' paradise

The unavoidable, inevitable public largesse on defaulters and their abettors encourages lax governance and a lack of probity.

Feb 14, 2018

Hindustan Unilever to cut online ad expenditure if digital platforms don't get rid of divisive content

Hindustan Unilever Limited (HUL) will cut down on ads on Twitter, Facebook, and Google if the social media platforms fail to contain divisive content.

Feb 14, 2018

US shale boom could force OPEC to take action: Here's how India can benefit

The relentless rise of U.S. shale output could prompt the world's top oil producers to bring a change in their policy, according to the Paris-based IEA.

Feb 14, 2018

Why it's best to avoid PSU bank stocks right now

Market experts believe the new measures by the RBI would lead to early recognition of bad loans, leading to higher provisioning expense that could subsequently hit bank profits.

Feb 14, 2018

Economy and markets: All you need to know to start your day on Feb. 14

SGX Nifty signals a strong start for the Indian markets after the benchmark Sensex jumped 294 points to close at 34,300 on Monday.

Feb 14, 2018

Government announces health insurance cover for 10 crore families; fund seems insufficient

A close evaluation of the insurance premiums shows a huge disparity between the funds that may be required to support the government program.

Feb 13, 2018

Cryptocurrency transaction gets tougher in India: This bank bans use of its cards to buy bitcoins

Banks including SBI, ICICI Bank, HDFC Bank, Axis Bank and Yes Bank have already suspended accounts of major bitcoin exchanges in India.

Feb 13, 2018

EPF account holders may continue to receive 8.65 interest rate for FY 18

EPFO may keep interest rate unchanged at 8.65 percent on provident fund investments for its five crore members in 2017-18.

Feb 13, 2018

Wipro and Tata Steel among 2018 World's Most Ethical Companies

Wipro Limited and Tata Steel Limited are the two Indian firms that have been named by Ethisphere Institute in the list of World's Most Ethical Companies for 2018.

Feb 13, 2018

Trump immigration framework: Gain or loss for Indians chasing the American dream?

The United States grants up to 50,000 visas each year through the visa lottery program, which has only a few educational and skill requirements.

Feb 13, 2018

Easing inflation does little to end RBI's policy dilemma

Consumer price index rose 5.07 percent in January from a year earlier.

Feb 13, 2018

Income tax scrutiny made online: Get all the details here

As per the new process, individuals under tax scrutiny are required to submit the responses along with attachments and evidences on the e-filing portal through the 'E-proceeding' function.

Feb 13, 2018