Economy News

Slowing gasoline price rises keep US inflation in check

US consumer prices rose marginally in May amid a slowdown in increases in the cost of gasoline and the underlying trend continued to suggest moderate inflation in the economy.

Jun 13, 2018

IMF Chief warns of 'darker economy' over US trade policies

Christine Lagarde attacks US president Donald Trump's trade policies, warns that escalating trade war could lead to the global economy getting darker.

Jun 12, 2018

Not received any communication from US' SEC on Kochhar: ICICI Bank

Earlier, the Securities and Exchange Board of India (Sebi) had sought responses from the company and Kochhar on alleged non-compliance of the "erstwhile 'Listing Agreement' and the 'Listing Obligations and Disclosure Requirements) Regulations, 2015'".

Jun 12, 2018

Explainer: Brexit and the Irish backstop riddle

Efforts to avoid a "hard border" in Ireland can seem baffling but as British Prime Minister Theresa May battles parliament over Brexit, the issue is central to understanding how her demands to the European Union may change.

Jun 11, 2018

Revival of 'bad bank' idea: Government sets up committee to tackle bad loans

Known as a 'Bad Bank' in industry parlance, the Asset Reconstruction Company, in essence, deals with the existing bad loans of the banks and provides a mechanism for recovery of the outstanding dues.

Jun 9, 2018

The isolation of President Trump at the upcoming G7 Summit

Trump's intentions might be to Make America Great Again or America First, but the US president cannot risk damaging the standing of the United States in the Global Arena.

Jun 8, 2018

RBI raises repo rate by 25 basis points in first ever hike in over four years

The reverse repo rate was also raised by 25 basis points, to 6.00 percent.

Jun 6, 2018

India will remain world's fastest growing economy in 2019 at 7.3%, World Bank says

India has overcome the temporary disruptions caused by the implementation of the Goods and Services Tax (GST) by mid-2017, the bank said.

Jun 6, 2018

Google CEO, US Senator meet Cuban President, hint at improving relations between the two countries

Eric Schmidt and Jeff Flake met President Miguel Diaz-Canel to discuss bilateral relations that have faced a setback under the Trump administration.

Jun 5, 2018

IDBI Bank CEO appointed RBI deputy governor

Mahesh Jain comes with over 30 years of banking experience, having previously lead Indian Bank and served on the boards of various other banks.

Jun 4, 2018

The Birth of the Second Generation Union

The financial services market is expected to invest close to €1.2 billion (roughly $1.4 billion) by 2021 to implement blockchain technology for cross-sector remittance and payments.

Jun 4, 2018

Air India sale gets no bid, how will Modi government tackle this hurdle?

The bid was especially crucial for the central government's goal to retain the fiscal deficit. The sale would have helped ease a load of about $5.1 billion of its debt.

May 31, 2018

India's growth likely topped 7 percent again in January-March quarter

The biggest risk India faces is rising crude oil prices LCOc1, which this month hit $80 a barrel, their highest since 2014.

May 31, 2018

Bankers' nationwide strike: Why are 10 lakh employees protesting?

Earlier this month. the Indian Banks' Association (IBA) had offered a hike of 2 percent over the total wage bill of the banks. This was right away rejected by the bank unions, thus prompting a nation-wide strike on May 30 and May 31.

May 29, 2018

Two-day bank union strike: ATM transactions, salary withdrawal may take a toll

The strike called by an umbrella body of nine bank unions is to protest against the poor two percent wage hike offered by the Indian Banks' Association.

May 29, 2018