Economy News

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Rupee rises 7 paise to 70.34 vs US Dollar in early trade

The rupee opened strong at 70.38 at the interbank forex market against the previous close of 70.41 per dollar then further gained a high of 70.34 amid a positive opening in domestic equities.

Jan 11, 2019

Asian markets outside Japan trade lower on 21 November

Asia stocks at one-month high, focus stays on US-China trade talks

Asian stocks inched higher to one-month highs on Friday, after Federal Reserve Chairman Jerome Powell reiterated the U.S. central bank can be patient on raising interest rates further.

Jan 11, 2019

Venture capital backed exits jumps to all-time high of $165 billion

North America and Greater China including China, Taiwan, Hong Kong, and Macau contributed for $219 billion, or 79.9%, of funding on the global scale

Jan 11, 2019

Credit offtake jumps to 47-year high even as deposits remain sluggish

RBI data highlights that credit jumped 15.1% in December, as against a year earlier, while deposits increased 9.2% during the same period.

Jan 11, 2019

World Bank cautions India of turbulence in trade, manufacturing

Multilateral lender pegs India growth higher than national estimate but warns emerging economies are at risk from temporary factors.

Jan 10, 2019

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New year brings fresh hopes for bulls in Asian currencies

With the trade talk outcome still uncertain, failure could quickly reignite pressure on the yuan with some still expecting it to breach the key 7-per-dollar mark on dimming growth outlook.

Jan 10, 2019

NBFC crisis hits real estate sector; sales growth muted at 6%

In the first six months of this year, 1,82,207 units were launched across eight cites including Mumbai, Bengaluru and the National Capital Region (NCR), out of which nearly 60 percent were priced below ₹50 lakh

Jan 10, 2019

Threat for Indian workers as Dubai ruler says job nationalisation will double in 2019

The nationalisation of jobs increased a whopping 200 percent in Dubai in 2018, says Sheikh Mohammed bin Rashid Al Maktoum.

Jan 9, 2019

Indian rupee seen facing more punishment, but no new record low: Reuters poll

The rupee's path this year will largely be determined by the results of national elections in May, oil price moves and the Reserve Bank of India's policy.

Jan 9, 2019

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Unemployment rate in India shoots up to 7.4% in December; 11 million jobs lost in 2018

Data also showed that besides an increase in the unemployment rate, the Indian labour market is also witnessing a dip in the labour participation rate.

Jan 9, 2019

Monsanto has last laugh in BT cotton patent battle in India

The introduction of lab-altered seeds in India by Monsanto in 2003 changed the farming landscape in the county, which went on to become the world's biggest producer of the yarn in subsequent years.

Jan 8, 2019

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Indians' average income doubled under Modi's watch, but there's a fine print

The Centre for Monitoring Indian Economy says unemployment rate in the country shot up in the last year, hitting the highest level in 27 months in December 2018

Jan 8, 2019

China upbeat ahead of US trade talks, but differences large

Both the US and China face potentially lengthy wrangling over technology and the future of their economic relationship and have expressed an interest in settling their tariff fight.

Jan 7, 2019

Karnataka tax rate hike pushes up fuel prices; reputation as low price haven under threat

Sales tax increased to offset the revenue loss from lower fuel base price because of a fall in international crude prices.

Jan 5, 2019

IT earnings season set to begin under overhang of US slowdown fears

Analysts watch closely top Indian companies' outlook commentary for understanding the trend in the $167-billion digital services outsourcing industry.

Jan 4, 2019