Economy News

Marine Le Pen Booed at Reims Cathedral

A crowd gathered outside the cathedral ahead of Le Pens arrival and booed her, shouting, Give back the money! according to reports.After touring the cathedral, Le Pen left by a side door, where she was again jeered.

May 5, 2017

India's forex reserves hit lifetime high of $372.7 billion, up $60.35 billion since May 2014

Buoyed by sustained dollar inflows into debt and equity markets, India's foreign exchange reserves rose $1.59 billion to reach an all time high of $372.73 billion; it translates into an increase of $60.35 billion since Narendra Modi came to power in 2014.

May 5, 2017

E-tail to brick-and-mortar: Are Indian e-commerce firms reinventing the wheel?

Higher marketing and customer-acquisition cost in the online space in India make it imperative to search for an alternate business model.

May 5, 2017

President Pranab Mukherjee okays ordinance on NPAs giving RBI more powers

The president on Friday gave his nod to an ordinance that may help the country reduce its burden of Rs 6 lakh crore non-performing assets, or NPAs. Read to know more.

May 5, 2017

Banking ordinance aimed at resolving bad loan cases, says finmin bureaucrat

"The government is looking at ensuring an arrangement to resolve some of these (bad debt) cases quickly," finance secretary Ashok Lavasa told a news channel.

May 4, 2017

Here's why nearly 2 crore women left office jobs in India over 7 years

A World Bank study, titled "Reassessing Patterns of Female Labour Force Participation in India," explains why 1.96 crore women left their jobs between 2004-05 and 2011-12. Read to know more.

May 4, 2017

PVR, Inox Leisure, other multiplexes up in arms against Rs 200 cap on cinema tickets in Karnataka

The Multiplex Association of India that represents 18 regional and national chains, called the Karnataka government's move to cap cinema ticket prices "retrograde".

May 4, 2017

National Steel Policy 2017 likely to lift Tata Steel, JSW, Jindal Stainless, SAIL share prices

To achieve production capacity of 300 million tonnes by 2030, India would need additional investment of Rs 10 lakh crore, says the National Steel Policy 2017.

May 4, 2017

7th Pay Commission: 55 lakh Central government pensioners to get higher pension with effect from January 2016

The Union Cabinet on Wednesday approved higher payment of pension to 53 lakh pensioners, with effect from January 1, 2016.

May 3, 2017

CBI arrests income tax commissioner over corruption charges; ED moves against CEO of Zoom Developers

Commissioner of Income Tax (Appeals) BB Rajendra Prasad was arrested in Mumbai; Vijay Choudhary of Zoom Developers arrested over money-laundering.

May 3, 2017

Aggrieved home buyers yet to understand benefits of real estate regulator

Under the central law, each state has to notify rules and set up a regulatory authority to manage the real estate sector.

May 2, 2017

Asian factories get off to solid start in second quarter

A multi-year trade recession for Asia's exporters has ended as global demand revives though there are challenges.

May 2, 2017

7th Pay Commission: Karnataka govt employees not to participate in May 4 strike

In view of the assurances given by CM Siddaramaiah, Karnataka state government employees said on Tuesday there was no need for a strike.

May 2, 2017

Bank employees to get lower DA for May, June, July 2017

In a statement, the Indian Banks' Association (IBA) said bank employees will be paid dearness allowance (DA) at 45.6 percent of pay.

May 2, 2017

'Made in India' smartphones make it big in March quarter shipments

Smartphone shipments in India stood at 29 million units in the January-March 2017 quarter, says research firm Counterpoint.

Apr 29, 2017