Economy News

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Vistara can now start global operations, gets its 20th aircraft

According to government's 0/20 rule, an airline should have at least 20 aircrafts in its fleet before being allowed to fly internationally.

Apr 4, 2018

China escalates trade war with reciprocal tariffs on 106 US products

China said that it would levy 25 percent tariffs on imports of 106 US products including soybeans, automobiles, chemicals, and aircraft, in response to proposed American duties on its high-tech goods.

Apr 4, 2018

Jio Payments Bank to compete with Airtel, Paytm and others: Quick facts

Jio Payments Bank is the latest entrant in the market, after payments banks from Airtel, India Post, Fino Paytech and Paytm.

Apr 4, 2018

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India as the next Silicon Valley: World Bank says do the homework

World Bank has said that India needs to do more about the under-developed innovation ecosystem in the country.

Apr 4, 2018

No respite for borrowers as RBI links base rate with MCLR

The move comes at a time when the interest rates are poised to rise after nearly four years easing cycle, according to market experts.

Apr 4, 2018

Japanese company offers $1 million for the right tech talents

At a time when Indian techies are staring at tough times in the United States, Japan is offering irresistible salary to IT professionals.

Apr 3, 2018

H-1B visa applications drop on Trump's growing anti-immigration rhetoric

Critics of the H-1B visa have accused Indian consulting companies of abusing the system by flooding the lottery with applicants the daily added.

Apr 3, 2018

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Gold prices glitter upon rising trade war fears

Spot gold was up 0.1 percent at $1,341.68 per ounce as of 0045 GMT. It climbed 1.3 percent on Monday in its biggest one-day percentage rise in a week.

Apr 3, 2018

Flight tickets to Dubai likely to get expensive next summer

Authorities at Dubai Airports have reportedly asked Indian carriers to reduce their capacities by half due to runway closure for 45-days from April 16, 2019.

Apr 3, 2018

Big Bazaar imitates Walmart's 'everyday low price' model as competition heats up

The Kishore Biyani-owned retail chain is changing its discount pricing strategy and mimicking Walmart's global everyday low pricing business model.

Apr 3, 2018

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BHIM UPI transactions touch Rs 1 trillion, big boost for cashless economy

According to National Payments Corporation of India data, UPI-enabled app BHIM has recorded approximately 913 million transactions in the financial year 2017-18.

Apr 2, 2018

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LPG price cut: Know how much you have to pay now

Oil marketing companies in the country have reduced non-subsidized and subsidized LPG cylinder prices by Rs 35.50 and Rs 1.74, respectively.

Apr 2, 2018

Bahrain discovers largest oil reserve: How will it impact country's oil production?

Bahrain has discovered the country's biggest oilfield in decades.It is expected that the new discovery could have a major impact on the country's oil production.

Apr 2, 2018