Economy News

Sensex down 150 points, rupee at 73

"The decline in the domestic currency is because of the US dollar, which is stronger as the their economy is doing well. As far as markets are concerned, the volatility is expected to continue. It is trading in a tight range and will continue for few months," Astha Jain, Senior Analyst, Hem Securities.

Nov 5, 2018

Global cues, rupee dent equity indices

The Indian rupee opened on a weaker note at 72.88 per US dollar from its previous close against a greenback.

Nov 5, 2018

US to impose 'toughest ever' sanctions on Iran

The US stance has already inflicted serious pain on Iranians, with the country's currency, the rial, losing more than two thirds of its value since May.

Nov 5, 2018

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CIC issues show-cause notice to RBI guv Urjit Patel for non-disclosure of wilful defaulters' list

The CIC has asked Patel to explain why a maximum penalty should not be imposed on him for "dishonouring" the Supreme Court verdict.

Nov 5, 2018

India may trade with Iran in rupee for oil supplies

India is expected to stimulate a previous arrangement of making payments in rupee in an account with UCO Bank. Since the bank does not have any international exposure, it would be safe from any sanctions.

Nov 4, 2018

China pats Pakistan for 'efforts' to have peace talks with India

During the ongoing China visit by Pakistan Prime Minister Imran Khan, Beijing and Islamabad issued a joint statement which had some references to India and the issues where it is involved.

Nov 4, 2018

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Early Diwali for blue chip stocks at Dalaal street; TCS, SBI gain

It is to be noted that the rise in oil prices and trade war initiated by the Trump administration has sent ripples across the stock markets, globally.

Nov 4, 2018

Swadeshi Jagran Manch, Modi govt want Urijit Patel out of RBI: Chidambaram

SJM reportedly insisted that Reserve Bank of India (RBI) officials should exercise the discipline of restraint or resign.

Nov 3, 2018

India will become fifth largest economy in 2019: Finance minister Arun Jaitley

India emerged as the world's sixth largest economy in 2017, surpassing France, and is likely to go past the United Kingdom, which is at the fifth position, according to an analysis of data compiled by the World Bank.

Nov 3, 2018

Liquidity crisis: RBI allows banks to assist NBFCs raise capital

The latest step taken by the central bank is expected to provide some liquidity to the cash-strapped NBFCs.

Nov 3, 2018

A road sign is seen next to Bombay Stock Exchange (BSE) building in Mumbai

Foreign investors continue to remain bearish on Indian markets

The data from the National Securities Depository Ltd. shows that the FPIs have offloaded Rs. 1 lakh crore across debt and equity markets.

Nov 2, 2018

Punjab National Bank posts Rs 4,532 crore loss in September quarter as bad loans soar

Its total income during the September quarter of 2018-19 declined to Rs 14,035.88 crore as against Rs 14,205.31 crore in the year-ago period, PNB said in a BSE filing.

Nov 2, 2018

Japan to re-write foreign worker rules; will it help Indian nurses?

Japan has been facing severe labour shortage in sectors such as nursing, construction and farming. There are currently 1.28 million foreign workers in Japan, a 100 percent increase from 2012 levels.

Nov 2, 2018

Cargo containers are seen stacked outside the container terminal of Jawaharlal Nehru Port Trust

India delays imposition of retaliatory tariffs on US goods till December 17

In September, the Narendra Modi government had said that it would raise tariffs on US goods on November 2.

Nov 1, 2018

GST collections crosses Rs 1 lakh crore in October

The GST collections in past months stood at Rs 94,016 crore in May, Rs 95,610 crore in June, Rs 96,483 crore in July, Rs 93,960 crore in August and Rs 94,442 crore in September.

Nov 1, 2018