Economy News

Tilting at turbines: Fanning wind energy growth will need time; and, a perfect storm

India's renewable energy targets for 2022 seem steep for an industry hamstrung by spatial and technological limitations.

Jul 13, 2017

FDI norms review on the cards: Report

Prime Minister Narendra Modi is planning a review meeting on Friday along with FM Arun Jaitley and Commerce Minister Nirmala Sitharaman.

Jul 13, 2017

Low tea: Close to 18% of gardens in India are 'sick', cautions Tea Board

The board has advised tea garden owners to visit the top performing plantations to understand best practices and how to implement them.

Jul 13, 2017

Mutual funds added 10 lakh investor accounts in June: Report

The number of investor accounts, or folios, reached 57.82 million as of June 30, 2017.

Jul 12, 2017

Job growth in 2017: Hiring likely to be flat on GST, demonetisation and visa woes

Thanks to numerous factors such as the Goods and Services Tax, demonetisation, and H-1B visa woes, job growth this year is likely to be flat at 5-7 percent.

Jul 12, 2017

Demonetisation: RBI governor Urjit Patel to appear before Parliament panel, says report

The RBI chief could shed light on the latest status of remonetisation, among other issues; he had earlier appeared before the panel in January.

Jul 12, 2017

Corporate funding for solar projects stagnates in H1 this year

Globally, venture capital funding, public market and debt financing for the solar sector stood almost unchanged at $4.6 billion.

Jul 12, 2017

After engine issues, about half of IndiGo's Airbus Neo grounded over GST confusion

The low-cost carrier has 22 A-320 Neo aircraft, out of which nine have been grounded as the engines have been facing issues and GST added to the confusion in terms of import duties.

Jul 12, 2017

Modi govt saved Rs 50,000 crore by removing corruption, says Ravi Shankar Prasad

1.16 billion people have entered the Aadhaar system so far, village level entrepreneurs will push it further.

Jul 11, 2017

GST Impact: Auto, banking companies to see muted first quarter performance – Report

Auto and corporate lending are likely to "disappoint" with their Q1 performance, says a media report citing Birla Sun Life MF executive.

Jul 11, 2017

Rupay transactions worth Rs 5,000 crore carried out in April-June: NCPI

Transactions via UPI crossed 1 crore in volumes during Apr-June, while Bhim and Bhim Aadhaar are also showing positive trends.

Jul 10, 2017

Forget cash, plastic money: Here's how UPI payments are gaining traction

UPI makes digital transfers and payments through various banks a seamless journey. Here's how Google will make a bet for it.

Jul 10, 2017

With Aadhaar, you can now get your PF dues within 5 days: Report

The latest process does away with the employer's role.

Jul 10, 2017

House rents poised to crash by almost 20% in IT hubs like Hyderabad, Bengaluru: Report

The slowdown in the $150-billion IT software services sector coupled with delayed salary hike for employees are cited as reasons.

Jul 10, 2017

Qatar's central bank boasts $340 billion in reserves

Abdullah Saud Al-Thani, the governor of Qatar's central bank, said the country's economy will be able to withstand any financial shocks brought about by the ongoing dispute with its Arab neighbours.

Jul 10, 2017