Economy News

Infosys Q4 results: Profit falls 28%

Infosys reported a 28 percent sequential fall in net profit to Rs 3,690 crore in the fourth-quarter results (ended on March 31) Friday.

Apr 13, 2018

H1-B visa applications down again but way more than annual cap

The U.S. Citizenship and Immigration Services received 190,098 H-1B petitions during the filing period, down from 199,000 applications in 2017.

Apr 13, 2018

Overseas money transfer: RBI to monitor remittance under LRS

The Reserve Bank of India has tightened its regulation norms on Liberalised Remittance Scheme under which an individual can transfer up to $2,50,000 abroad in a year.

Apr 13, 2018

Bitcoins worth Rs 20 crore stolen from Indian cryptocurrency exchange Coinsecure

According to Coinsecure, the funds were lost while their CSO Amitabh Saxena was extracting Bitcoin Gold to distribute to their customers.

Apr 13, 2018

Bandhan Bank joins the club of top 50 most valuable Indian companies

Bandhan Bank, with a market capitalization of Rs 640 billion, reached the 50th rank for the first time ever since its listing Thursday.

Apr 12, 2018

Vietnam suffers $660 million cryptocurrency fraud: Calls for tougher regulations

Modern Tech is now at the center of investigation behind the scam after duping as many as 32,000 investors of an estimated $660 million in relation to two Ponzi schemes.

Apr 12, 2018

IDBI Bank shares fall over 3% after RBI levies Rs 3 crore fine

The RBI's penalty will not have any material impact on the bank, IDBI stated in a filing to the Bombay Stock Exchange. But the bank's shares slipped to a one-week low.

Apr 12, 2018

Economic freedom index: India ranks 130th, Hong Kong retains top spot

According to the 2018 Index of Economic Freedom report, India is ranked 30th in the Asia–Pacific region, and the overall score is below regional and world averages.

Apr 12, 2018

Gold price touches one-week high amid geopolitical tensions

Geopolitical tensions and the US inflation data had an impact on traders' sentiments, resulting in an increase in the demand for the safe-haven metal in the global market.

Apr 11, 2018

China opens up auto, financial sectors as Trump tariff war shows results

With the current move, foreign financial institutions will get the chance to compete with domestic players in market whose size is estimated at $40 trillion.

Apr 11, 2018

Here's why Telangana, Andhra ATMs are still reeling under cash crunch

A majority of automated teller machines (ATMs) in Andhra Pradesh and Telangana are still running without cash due to non-supply of notes. But what has led to this sudden crunch in cash supply?

Apr 11, 2018

BJP declares 2016-17 income of Rs 1,034 crore, 80% higher than 2015-16

The 7 national parties -- BJP, Congress, NCP, BSP, CPI(M), CPI, and Trinamool Congress -- have declared a total income of Rs 1,559.17 crore.

Apr 11, 2018

India's GDP growth at 7.3% in 2018-19, backed by GST, demonetization: ADB

Asian Development Bank says growth in South Asia remains among the world's fastest, driven by a recovery in India, the region's largest economy.

Apr 11, 2018

Blockchain jobs in India: Which city offers the most opportunities?

Bengaluru followed by Mumbai, Hyderabad, Pune, and Chennai are the top-five destinations for blockchain careers in the country.

Apr 10, 2018

Go gold: 3 gold investment schemes backed by Indian government in 2018

There's no better way of investing in gold than through the government-backed methods. Know more about Gold Monetization Scheme, Sovereign Gold Bonds Scheme, and Indian Gold Coin.

Apr 10, 2018