Economy News

Negative global cues, weak rupee subdue Indian equity indices

According to analysts, investors feared that high petrol and diesel prices and a weak rupee would pump up the retail and wholesale inflation rates, thereby mitigating chances of a rate cut by the Reserve Bank of India in the near term.

Sep 11, 2018

Individuals pay more than $ 1 trillion in bribes each year, says UN chief

UN chief linked corruption to many forms of instability and violence, such as the illicit trafficking of weapons, drugs, and people, and noted that connections between corruption, terrorism and violent extremism have been repeatedly recognised by the Security Council and the General Assembly. Corruption costs $ 2.6 trillion, or five per cent of the global GDP.

Sep 11, 2018

India moves ahead of Japan to become third-largest world economy in terms of PPP

Purchasing power parity (PPP) compares how many goods and services a unit of money can purchase in different countries. While GDP shows the total productive output of a country, PPP compares the value of money in different countries.

Sep 11, 2018

Bharat Bandh unsuccessful; Rise in fuel prices beyond govt control, says law minister

Prasad said petrol and diesel prices are high due to the crisis in the international market.

Sep 10, 2018

PNB fraud: Interpol issues red corner notice against Nirav Modi's sister

The RCN against Purvi Modi was requested by the Enforcement Directorate (ED).

Sep 10, 2018

ICICI Bank controversy: Sebi to summon CEO Chanda Kochhar, her husband for questioning

ICICI Bank is being probed for serious allegations, which include non-disclosure lapses regarding Kochhar's husband Deepak and his brother's dealings which are suspected to be directly or indirectly linked to the bank or its borrowers.

Sep 10, 2018

Greater Noida: Big boost for Jewar Airport as farmers give consent for land acquisition

The state government had earlier assured the farmers that it will drop the project if they disagree to hand over their land to the local administration.

Sep 9, 2018

US-China trade war: Apple urges Trump admin to revise proposal; products to get costlier

Apple, which is set to unveil new iPhones and other products on September 12, said this would put it at a disadvantage relative to foreign competitors, and that the US would be hit the hardest by taxing these categories.

Sep 9, 2018

Gold rates declines by Rs 100 for second straight day; silver bounces back by Rs 275

Globally, gold prices fell 0.28 per cent to USD 1,196.20 an ounce in New York in yesterday's trade following upbeat US jobs data that strengthened the dollar and eroded demand for the precious metals as a safe haven.

Sep 8, 2018

Germany aims to achieve full employment by 2025; targets debt reduction

Merkel said the government would use its 2019 budget - due to be debated in parliament next week - to invest in helping the long-term unemployed get back to work with a view to achieving full employment by 2025.

Sep 8, 2018

Parliamentary panel requests RBI to ease capital adequacy norms for PSBs

The committee has urged the central bank to relax these norms for nine out of 21 PSBs which could free up capital up to Rs. 5.34 trillion to boost the lending practice of the banks.

Sep 7, 2018

Amid spiraling fuel prices, TN govt says onus on Centre to slash taxes

The rising fuel prices have triggered a political debate, with the Congress announcing a nation-wide shutdown on September 10 against the spiraling rates.

Sep 7, 2018

BJD holds protests against fuel price hike in Odisha

Petroleum Minister Dharmendra Pradhan said the BJD was suffering from mental bankruptcy as Odisha was now getting a revenue of over Rs 7,000 crore as against Rs 3,000 crore in 2014.

Sep 7, 2018

The Trump effect? US job growth accelerates in August; unemployment rate drops

The US government imposed import duties on goods including steel, aluminium, lumber and solar panels early this year to protect American industries from what Trump says is unfair foreign competition.

Sep 7, 2018

Digital currency is more cost effective than physical currency: Andhra CM

He also shared the update of capital city Amaravati's development and also blamed the central government for not giving funds and creating hurdles.

Sep 6, 2018