Economy News

The Reserve Bank of India has announced withdrawal of Rs 2,000 currency notes from circulation, and existing notes in circulation can either be deposited in bank accounts or exchanged by September 30

76% of total Rs 2,000 denomination notes in circulation returned to banks in these two forms: RBI

The Reserve Bank of India (RBI) on Monday said that as much as 76 per cent of the total number of Rs 2,000 notes in circulation have been returned to banks.

Jul 4, 2023

Conversion of BMTC buses to EVs: Taiwan investors hold talks with Karnataka minister MB Patil

Karnataka's Large and Medium Industries Minister M.B. Patil on Friday said that Taiwanese companies have expressed interest to collaborate with the state Karnataka in converting diesel-run BMTC buses to electric buses.

Jul 1, 2023

Essential Points to Note Prior to Renewing Your Car Insurance

Motor insurance is mandatory by law, having your car insured is important. Moreover, you can continue to access its benefits and coverage for yet another policy year

Jun 24, 2023

Union Minister of State for Commerce & Industry, Nirmala Sitharaman.

Sitharaman lists key financial inclusion measures at Paris summit

Finance Minister Nirmala Sitharaman on Thursday listed out some key measures undertaken by the Central government to ensure financial inclusion.

Jun 23, 2023

People walk past the Bombay Stock Exchange (BSE) building in Mumbai,

Indian stock markets reach close to 52 week high levels

With falling inflation, and healthy economic numbers, the two Indian stock markets opened and closed at a higher note on Friday and are near their 52 week high levels.

Jun 17, 2023

US Fed pauses interest rate hikes after 10 consecutive increases

The US Federal Reserve has left the interest rate unchanged for the first time after March 2022, ending a stream of 10 consecutive hikes to curb inflation.

Jun 15, 2023

New Delhi: Congress senior leader Jairam Ramesh

Congress questions RBI's new policy to settle loans of "wilful defaulters"

Congress on Wednesday slammed the Centre after the Reserve Bank of India (RBI) brought in a policy that allows banks and finance companies to settle loans of accounts classified as "wilful defaulters" by entering into compromise settlements or technically writing off the loans, and asked why it has changed its own rules with regards to frauds.

Jun 14, 2023

As expected, RBI's Monetary Policy review June 2023 remains status quo: Expert

While the rate inaction was expected by almost everyone, there was some debate on whether a more qualified stance may now be forthcoming, writes Suyash Choudhary of Bandhan Asset Management

Jun 9, 2023

RBI MPC retains repo rate at 6.5%, projects 6.5% GDP & 5.1% inflation for FY24

Not belying the expectations, the Reserve Bank of India's Monetary Policy Committee (MPC) did not change the repo rate from 6.50 per cent while projecting gross domestic product (GDP) and inflation at 6.5 per cent and 5.1 per cent respectively.

Jun 8, 2023

RBI's monetary policy committee begins deliberations on key rates, announcement tomorrow

The panel will announce its decision whether to hold the rates or revise them upwards or cut them tomorrow

Jun 7, 2023

Not a merger, only acquisition of life insurance assets/liabilities of Sahara India Life: SBI Life

It is not a merger of two life insurance companies but only the transfer of life insurance business and policyholder assets and liabilities of Sahara India Life Insurance to it, SBI Life Insurance said on Friday.

Jun 3, 2023

Power to withdraw banknotes lies with Centre, petitioner to Delhi HC on Rs 2K note issue

The Delhi High Court on Tuesday reserved its judgement on a plea filed against the Reserve Bank of India (RBI)'s decision to withdraw Rs 2,000 notes from circulation.

May 31, 2023

Adani Ports Revenue and EBITDA jumps over 20% in FY23

Adani Ports and Special Economic Zone Ltd (APSEZ) on Tuesday announced its results for the fourth quarter and year ended March 31, 2023.

May 31, 2023

K'taka shocker: Youth orders second-hand iPhone online; murders delivery boy, disposes body after 3 days

Giant or Gig Economy? Quick-commerce spurs gig jobs in India, 68% rise in delivery job seekers

With the expansion of quick-commerce services, the delivery jobs are back in demand in India and there was a 68 per cent rise in job seeker interest for delivery executive positions from April 2021 to April 2023, a report showed on Wednesday.

May 24, 2023

Congress questions SEBI's move on rule barring investment by opaque funds abroad

The Congress on Tuesday once again took a swipe at the government, alleged that a rule prohibiting investment by opaque funds was done away with by the SEBI on "weak grounds"