Economy News

Economy: Bank of Baroda to raise Rs 1,000 cr via infrastructure & affordable housing bonds

Bank of Baroda, the second largest state-owned bank, is planning to raise Rs 1,000 crore through issuance of infrastructure and affordable housing bonds on August 12, a source close to the development told IANS.

Aug 6, 2022

Economy: Benchmark bond yield rises 9 basis bps after RBI hikes repo rate

The yield on benchmark government bond yields rose sharply by 9 basis points in the morning trade after the Reserve Bank of India (RBI) announced an increase of the repo rate by 50 basis points.

Aug 5, 2022

Shaktikanta Das, Governor, Reserve Bank of India

Ecomony: RBI ups policy rate to 5.40% to contain inflation

Reserve Bank of India (RBI) Governor Shaktikanta Das on Friday announced the rise of policy rate or repo rate by 50 basis points (bps) to 5.4 per cent.

Aug 5, 2022

Under ED scanner, Shiv Sena Deputy Leader flees to Eknath Shinde camp

Under the scanner of the Enforcement Directorate (ED), Maharashtra ex-minister and Shiv Sena Deputy Leader Arjun Khotkar announced that he is joining the rebel faction led by Chief Minister Eknath Shinde on Saturday.

Jul 30, 2022

Foreign investors turned net buyers in July, net investment Rs 4,989 crore

Foreign investors turned net buyers in July nearly after 10 months, with an investment of around Rs 4,989 crore in the Indian equity markets. This comes after heavy sell-off by these entities of around Rs 50,203 crore in June.

Jul 30, 2022

IMF slashes India's 2022 growth forecast further down, from 8.2% to 7.4%

IMF slashes India's 2022 growth forecast to 7.4% from 8.2% forecast earlier in April citing inflation, Covid pandemic and of course, the Ukraine War.

Jul 27, 2022

Consumer IT spending down, to slide further as recession fears grip Asia-Pacific

The consumer IT spending in the Asia-Pacific region, already taking the brunt in the ongoing tight market conditions, is set to further slide in 2023, depending on the severity of the economic slowdown, according to an IDC report.

Jul 25, 2022

CGST sleuths bust Rs 185 crore fake ITC scam in Mumbai, arrested 2 people

The Central GST's Mumbai South Commissionerate has busted a major racket of Rs 185 crore fake GST invoices used to avail bogus GST Input Tax Credit of around Rs 22 crore, and arrested two persons, officials said here on Saturday.

Jul 23, 2022

Amazon Prime Day on July 23 & 24: Offers open in cosmetics, luxury items

Amazon India is back with its much-awaited annual shopping event - Prime Day. The two-day event, to begin at 12 a.m. on July 23, presents exciting offers on the largest selection of fashion and beauty brands on Amazon Fashion.

Jul 22, 2022

Rupee to slip on expensive crude oil, FII funds' outflow

Here's how the weakening Rupee will affect Indian consumers

A lower rupee will increase the cost of importing products because payments for those goods must be paid in dollars.

Jul 16, 2022

RBI, Bank Indonesia to cooperate against money laundering, terror financing

The Reserve Bank of India (RBI) on Saturday said it has signed an MoU with Bank Indonesia (BI) to improve mutual cooperation between the two central banks.

Jul 16, 2022

Bank unions to start Twitter campaign against privatization of government banks

A day ahead of the start of the Parliament's Monsoon session, the United Forum of Bank Unions (UFBU) has given a call for a campaign on Twitter against privatisation of government banks, a top union official said.

Jul 16, 2022

US weekly jobless claims rise to eight-month high amid economic slowdown

US weekly jobless claims rise to 244,000, eight-month high

Initial jobless claims in the United States last week rose to 244,000, the highest level in eight months and the latest sign that the labour market might be cooling.

Jul 15, 2022

Crypto crash continues, lending platform Celsius Network files for bankruptcy

Cryptocurrency lending company Celsius Network, that recently laid off 150 employees, has now filed for bankruptcy in the US amid extreme market conditions.

Jul 14, 2022

Indian rupee at Rs 79.36 against USD, gold touches Rs 54K

Indian rupee weakens against dollar; falls below Rs 79.65 [details]

The rupee movement against the dollar will be triggered by the inflation numbers of the US which are expected to be out later on Wednesday.

Jul 13, 2022

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Economy News

Economy: Bank of Baroda to raise Rs 1,000 cr via infrastructure & affordable housing bonds

Economy: Benchmark bond yield rises 9 basis bps after RBI hikes repo rate

Ecomony: RBI ups policy rate to 5.40% to contain inflation

Under ED scanner, Shiv Sena Deputy Leader flees to Eknath Shinde camp

Foreign investors turned net buyers in July, net investment Rs 4,989 crore

IMF slashes India's 2022 growth forecast further down, from 8.2% to 7.4%

Consumer IT spending down, to slide further as recession fears grip Asia-Pacific

CGST sleuths bust Rs 185 crore fake ITC scam in Mumbai, arrested 2 people

Amazon Prime Day on July 23 & 24: Offers open in cosmetics, luxury items

Here's how the weakening Rupee will affect Indian consumers

RBI, Bank Indonesia to cooperate against money laundering, terror financing

Bank unions to start Twitter campaign against privatization of government banks

US weekly jobless claims rise to 244,000, eight-month high

Crypto crash continues, lending platform Celsius Network files for bankruptcy

Indian rupee weakens against dollar; falls below Rs 79.65 [details]

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