Economy News

Delhi HC rejects plea to disclose formula behind fuel pricing

A bench of Chief Justice Rajendra Menon and Justice V. Kameswar Rao refused to interfere with the government policy on fixing petrol prices.

Sep 19, 2018

US Dollar, currencies, Euro, Yuan, Yen, Asian shares

Asian business confidence at worst level in 3 years as 'upturn in world economy ends'

'We have witnessed a cyclical upturn in the world economy that had to come to an end. We see the end of the cycle in advanced economies as well as emerging markets.'

Sep 19, 2018

India's largest law firm Cyril Amarchand Mangaldas under CBI lens in PNB fraud case

Cyril Amarchand mangaldas (CAM) has more than 600 lawyers. It has advised companies such as Alphabet Inc's Google, Microsoft, Standard Chartered and India's ICICI Bank, according to research firm The Legal 500.

Sep 19, 2018

iron, steel, iron ore, metal stocks, commodities, mining, metal prices, tata steel, jsw, hindalco, arabian sea, india exports, trade data, india trade, indian economy, india imports

India delays imposition of higher tariffs on some US goods to November

Trade differences between India and the United States have risen since President Donald Trump took office, but India's decision to further delay comes as the two countries negotiate a package to remove trade frictions over a range of items.

Sep 19, 2018

Gold prices fall as investors turn to dollar for safety amid US-China trade tensions

Gold prices have declined over 12 per cent from April amid the intensifying trade dispute between the United States and China, the world's top two economies.

Sep 18, 2018

Alibaba's Jack Ma calls US-China trade frictions a mess, warns of two-decade-long impact

Ma said trade tensions would likely impact Chinese and foreign companies immediately and negatively.

Sep 18, 2018

Central govt merges Bank of Baroda, Vijaya Bank and Dena Bank; all you need to know

The proposal was made after the trade was closed with Bank of Baroda ending 0.41% to Rs.135.10 on Bombay Stock Exchange (BSE). Vijaya Bank rose 0.93% to Rs 59.80 while Dena Bank tanked 0.62% to Rs 15.95.

Sep 18, 2018

Karnataka has the richest MLAs in India with annual income of Rs 1.1 crore

According to the Association for Democratic Reforms (ADR), on an average, a male MLA's annual self-income is Rs 25.85 lakh whereas, for a female MLA, it is Rs 10.53 lakh.

Sep 18, 2018

Indian rupee has lost 11% value against US dollar in last one year, says IMF spokesperson

Gerry Rice said the IMF continues to assess the impact of demonetization on an ongoing basis. As with most things, there have been pluses and there have been minuses of demonetization, he said.

Sep 18, 2018

Trump admin may introduce additional tariffs worth $200 billion on China: Report

Ever since Donald Trump has assumed office, he has demanded China to cut its $ 375 billion trade surplus with the United States.

Sep 17, 2018

Karnataka govt to reduce petrol, diesel prices by Rs 2 per litre amid rising fuel rates in the country

Earlier on September 10, Karnataka's neighboring state, Andhra Pradesh also slashed the prices of petrol and diesel by Rs. 2.

Sep 17, 2018

Rise in fuel price will prove costly for Modi govt in 2019 elections, says Yoga guru Ramdev

Ramdev also said he would not campaign for the BJP in the 2019 elections, unlike in 2014 when he actively worked in favor of Prime Minister Narendra Modi.

Sep 17, 2018

A road sign is seen next to Bombay Stock Exchange (BSE) building in Mumbai

Foreign portfolio investors cautious, pull out Rs 9,400 crore from capital markets

The reasons could be attributed to widening current account deficit due to a surge in oil prices and depreciating rupee.

Sep 16, 2018

BJP president Amit Shah addresses at "Prabudhajan Sammelan" in Noida, Uttar Pradesh on June 30, 2016.

Govt will soon fix fuel price hike, rupee devaluation: BJP president Amit Shah

Some incidents have happened at an international level - US-China trade war, the tension behind US and oil manufacturing nations," Shah said while addressing a press conference here.

Sep 15, 2018

A woman buys wheat from a government-run ration shop

Human Development Index report shows glaring inequalities in India

The value of India's Inequality-adjusted HDI (IHDI) tanked to 0.468, which is a 26.8 per cent decline. This value is far worse than the global average decrease in the global HDI value which fell by 20 per cent.

Sep 15, 2018

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Economy News

Delhi HC rejects plea to disclose formula behind fuel pricing

Asian business confidence at worst level in 3 years as 'upturn in world economy ends'

India's largest law firm Cyril Amarchand Mangaldas under CBI lens in PNB fraud case

India delays imposition of higher tariffs on some US goods to November

Gold prices fall as investors turn to dollar for safety amid US-China trade tensions

Alibaba's Jack Ma calls US-China trade frictions a mess, warns of two-decade-long impact

Central govt merges Bank of Baroda, Vijaya Bank and Dena Bank; all you need to know

Karnataka has the richest MLAs in India with annual income of Rs 1.1 crore

Indian rupee has lost 11% value against US dollar in last one year, says IMF spokesperson

Trump admin may introduce additional tariffs worth $200 billion on China: Report

Karnataka govt to reduce petrol, diesel prices by Rs 2 per litre amid rising fuel rates in the country

Rise in fuel price will prove costly for Modi govt in 2019 elections, says Yoga guru Ramdev

Foreign portfolio investors cautious, pull out Rs 9,400 crore from capital markets

Govt will soon fix fuel price hike, rupee devaluation: BJP president Amit Shah

Human Development Index report shows glaring inequalities in India

Astronomers find supermassive black holes inside dying galaxies

Apple, Google face scrutiny over collecting abortion data

Elon Musk highest-paid CEO, followed by Tim Cook: Report

A royal toast: England set for Queen's Platinum Jubilee; star-studded concert & 16000 street parties

Another attempt to drop ammunition foiled; Pakistani drone shot down near International Border [details]