Economy News

Gautam Adani is first Asian to become world's third richest person [List of top 10 billionaires]

Gautam Adani was already Asia's richest man and now he is also the world's third richest person, overtaking LVMH chairman Bernard Arnault and becoming the first Asian person to take that spot, according to Bloomberg and its Billionaires index.

Aug 30, 2022

Noted Indian economist Abhijit Sen passes away at 72

Well-known economist and former member of the Planning Commission, Abhijit Sen, passed away late on Monday night following a heart attack. He was 72.

Aug 30, 2022

Sensex, Nifty fall on US interest rate fears along many Asian stock markets

Indians shares fell on Monday after Jerome Powell, Chairman of the US Federal Reserve, said it would continue to raise interest rates to tackle soaring prices.

Aug 29, 2022

Sequoia Capital India sells 17.2 crore Zomato shares; brings down stake to 4.4% [details]

Zomato said Sequoia Capital India sold some 6.7 crore shares in the September 6-October 14, 2021 period and 10.5 crore shares between June 27-August 25, 2022.

Aug 26, 2022

India Heals 2020 event: Ayush industry is fastest growing sector of Indian economy

Ayush Industry has grown by 6 times from $3 billion to $18 billion in the last seven years since 2014 and continues to be "one of the fastest growing" sectors of the Indian economy.

Aug 26, 2022

chief economic adviser (CEA) Krishnamurthy Subramanian

Govt appoints former Chief Economic Adviser K Subramanian as India's Executive Director at IMF

Subramanian, who is currently a Professor at the Indian School of Business, was the Chief Economic Adviser between 2018 and 2021.

Aug 26, 2022

RBI: Credit growth outpaced deposit growth of banks in June

Credit growth outpaced deposit growth for commercial banks in June, the Reserve Bank of India (RBI) said in its quarterly statistics on deposit and credit of commercial banks for June 2022 released on Thursday.

Aug 25, 2022

RBI lifts business curbs imposed on American Express Bank

The Reserve Bank of India (RBI) has lifted the business restrictions imposed on American Express Banking Corp due to the satisfactory compliance demonstrated by the entity to RBI rules, the central bank said in a release.

Aug 25, 2022

LIC Housing Finance hikes prime lending rate by 50 bps [details inside]

The RBI's decision to hike the repo rate by 50 basis points on 5th August was well measured and abreast with the global economic trend.

Aug 22, 2022

India crude oil imports crude oil prices petrol diesel kerosene indian oil corporation IOC

Economic downturn: Sri Lanka hikes kerosene prices to cut losses

The CPC said the price of a liter of kerosene increased by 253 LKR ($0.7) to 340 LKR.

Aug 22, 2022

Chinese economy struggling, policy rate cut could impact 'Global Financial Markets'

Latest economic review, the DEA said the geopolitical environment remains tense and fraught.

Aug 20, 2022

Adani Power agreed to buy DB power for Rs 7,000 crore

Adani Power said, "The acquisition will help the company to expand its offerings and operations in the thermal power sector in the state of Chhattisgarh."

Aug 20, 2022

Most banks hike deposit rates ahead of festive season

Most banks are increasing their deposit rates for boosting deposit to support rising credit off-take as liquidity in the banking system has narrowed.

Aug 17, 2022

GST on rent for business entities only, govt issues clarification [Details]

The Centre on Friday issued a clarification regarding GST on house rent, noting renting of a residential unit is taxable only when it is given to a business entity.

Aug 12, 2022

Markets: Rupee, bond yield ends almost flat ahead on long weekend

The Indian rupee and the government bond yield ended almost flat on Friday as most traders remained on the sidelines ahead of the long weekend.

Aug 12, 2022

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Economy News

Gautam Adani is first Asian to become world's third richest person [List of top 10 billionaires]

Noted Indian economist Abhijit Sen passes away at 72

Sensex, Nifty fall on US interest rate fears along many Asian stock markets

Sequoia Capital India sells 17.2 crore Zomato shares; brings down stake to 4.4% [details]

India Heals 2020 event: Ayush industry is fastest growing sector of Indian economy

Govt appoints former Chief Economic Adviser K Subramanian as India's Executive Director at IMF

RBI: Credit growth outpaced deposit growth of banks in June

RBI lifts business curbs imposed on American Express Bank

LIC Housing Finance hikes prime lending rate by 50 bps [details inside]

Economic downturn: Sri Lanka hikes kerosene prices to cut losses

Chinese economy struggling, policy rate cut could impact 'Global Financial Markets'

Adani Power agreed to buy DB power for Rs 7,000 crore

Most banks hike deposit rates ahead of festive season

GST on rent for business entities only, govt issues clarification [Details]

Markets: Rupee, bond yield ends almost flat ahead on long weekend

Time for India to follow suit? France, Germany, Netherlands, US banned use of EVMs [here's why]

Dhanush's Captain Miller has no buyers in Telugu states? Here's why

Deepika Padukone is a sight to behold in velvet gown; attends Academy Museum Gala with Selena Gomez, Dua Lip [see pics]

Is exhibiting cleavage mandatory? Malaika Arora opts for low neck sleeveless outfit at event in Vrindavan, leaves netizens furious

'She is cruel…': Ankita Lokhande CRIES after fight with Mannara, tells Vicky she wants to go home; fans react