Economy News

Wary finance ministry nudges RBI to tackle worsening credit crunch

Investors have been unnerved by credit concerns that have engulfed one of the biggest NBFC names in India - Infrastructure Leasing & Financial Services (IL&FS).

Sep 26, 2018

Need to trust banking system to drive India's economy, says finance minister Arun Jaitley

He noted that the perception regarding the health of PSBs had become more positive as banks had posted positive results in terms of resolution, recovery, provisioning and credit growth.

Sep 25, 2018

unemployment in india, unemployment rate in india, bse-cmie unemployment index, pm modi 2014 elections, modi govt job creations, jobs created under modi govt

82% of male and 92% of female workers earn less than Rs 10,000 a month: Report

India's problem has traditionally been known as not one of unemployment but underemployment and low wages, according to the report.

Sep 25, 2018

IBM to join hands with government bodies, public sector banks for agri solutions

The US-based company launched 'Watson decision platform for agriculture' globally Monday evening, eyeing the USD 2.4-trillion agriculture market.

Sep 25, 2018

india, external trade, merchandise trade, india exports, imports, trade deficit, gold imports, engg imports, fiscal deficit, nirmala

India has potential to triple its intra-regional trade: World Bank report

Trade between India and Pakistan is a mere $2 billion -- which could be $37 billion -- without trade barriers, showed the report launched in partnership with Cuts International.

Sep 24, 2018

Heavy job cuts in telecom sectors; Reliance Jio comes to rescue

According to an estimate by Randstad India, telecom companies are likely to churn out around 50,000-75,000 employees in 2018. Additionally, other firms are estimating this number higher at around 90,000.

Sep 24, 2018

Revival of 45 bankrupt companies will recover more than Rs 50,000 crore: IBBI chairperson

About 1,100 companies have been admitted to the Corporate Insolvency Resolution Process (CIRP) since the implementation of the Insolvency and Bankruptcy Code (IBC) in 2016.

Sep 24, 2018

Petrol price crosses Rs 90 per litre mark in Mumbai as fuel rates soar across country

The highest petrol prices logged in various cities included: Nanded Rs 91.61, Amravati Rs 91.31, Ratnagiri Rs 91.14 and Jalgaon Rs 91.01.

Sep 24, 2018

Trump's trade war with China escalates after US slaps new 10% tariffs on $250 bn of Chinese goods

Beijing has rejected the US assertions, accusing Washington of protectionism and bullying. It has fired back with tariffs on American goods worth more than $110 billion.

Sep 24, 2018

Govt to ensure liquidity in non-banking financial companies, says finance minister Jaitley

The Reserve Bank of India (RBI) and market regulator Sebi said on Sunday that they were closely monitoring the developments in the financial sector and were ready to take "appropriate actions" to calm the jittery investors.

Sep 24, 2018

OPEC President Suhail Mohamed Al Mazrouei

Hike in oil prices? OPEC struggles to keep up production amid Trump's Iran sanctions

The output numbers for the month of August is likely to add more pressure on the oil-producing countries amid US President Donald Trump calling them to lower the oil prices.

Sep 23, 2018

Amid spiraling fuel rates, petrol prices rise to Rs 89.97 in Mumbai

The prices of diesel also continued to scale new highs on Sunday under India's dynamic pricing regime, after remaining unchanged for four successive days.

Sep 23, 2018

New IRDAI rules stipulate Rs 15 lakh protection in motor accidents

The insurance agencies have been given time till October 25 to file the products.

Sep 22, 2018

Fitch upgrades India's growth forecast for FY19 to 7.8%

An upswing in manufacturing activity and revival of private investment, supported by strong consumer demand, accelerated India's GDP growth rate in the first quarter of 2018-19 to 8.2 per cent, official data showed last month.

Sep 22, 2018

Amid trade war, Trump admin slaps Chinese military with sanctions for Russian fighter jets, missiles deal

The sanctions are related to China's purchase of 10 SU-35 combat aircraft in 2017 and S-400 surface-to-air missile system-related equipment in 2018, the State Department said.

Sep 21, 2018

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Economy News

Wary finance ministry nudges RBI to tackle worsening credit crunch

Need to trust banking system to drive India's economy, says finance minister Arun Jaitley

82% of male and 92% of female workers earn less than Rs 10,000 a month: Report

IBM to join hands with government bodies, public sector banks for agri solutions

India has potential to triple its intra-regional trade: World Bank report

Heavy job cuts in telecom sectors; Reliance Jio comes to rescue

Revival of 45 bankrupt companies will recover more than Rs 50,000 crore: IBBI chairperson

Petrol price crosses Rs 90 per litre mark in Mumbai as fuel rates soar across country

Trump's trade war with China escalates after US slaps new 10% tariffs on $250 bn of Chinese goods

Govt to ensure liquidity in non-banking financial companies, says finance minister Jaitley

Hike in oil prices? OPEC struggles to keep up production amid Trump's Iran sanctions

Amid spiraling fuel rates, petrol prices rise to Rs 89.97 in Mumbai

New IRDAI rules stipulate Rs 15 lakh protection in motor accidents

Fitch upgrades India's growth forecast for FY19 to 7.8%

Amid trade war, Trump admin slaps Chinese military with sanctions for Russian fighter jets, missiles deal

Passenger from Bangkok lands at Chennai airport with live snakes, pythons, tortoises, monkey

Taliban opens fire on women protesting for freedom, work and education; stalks a few, arrests others

Musk responds to Ford CEO's pickup truck jab

Priyanka Gandhi likely to take charge of Karnataka, Telangana as elections approach

Manhunt launched for TN industrialist who raped techie in Bengaluru