Economy News

Investment dept told to prepare proposal for Air India sale

Dipam (Department of Investment and Public Asset Management) told to coordinate with Civil Aviation ministry.

Jul 22, 2017

Government hints at crackdown on GST evaders: Report

While tax evaders will be tracked using their income tax data, the GSTN will analyse data provided by taxpayers and rate them accordingly.

Jul 22, 2017

Anthony Scaramucci is Donald Trumps new White House communications director

Wall Street financier Anthony Scaramucci is the new White House communications director. The position has been empty since the resignation of Mike Dubke in May. Scaramucci is a longtime supporter and major donor of Trump, and was a member on his transition team during the 2016 election. Known to his friends as Mooch, Scaramucci has made multiple TV appearances defending Trump during the election, after raising funds for Scott Walker and Jeb Bush during the primaries. Prior to joining Trumps team, Scaramucci was a hedge fund manager, and a longtime Republican party fundraiser. He was a self-proclaimed top fundraiser for Mitt Romney in 2012.

Jul 21, 2017

Incredible air traffic video reveals UKs busy skies

U.K. air traffic controllers expect to handle more than 8,800 flights today (21 July) – the busiest day on record for UK airspace. This graphic animation shows the volume of air traffic over the U.K. in a 24 hour period on June 06, 2017.

Jul 21, 2017

I-T detected Rs 19,000 crore black money in ICIJ, HSBC cases: Jaitley

Income tax department's discovery follows probe into global leaks, including HSBC account holders in Switzerland

Jul 21, 2017

Techies in for a rough ride as IT sector gears up for tougher times

While the IT industry created 1.8 lakh jobs last fiscal, it is likely to create about 1.3-1.5 lakh jobs in FY 2018, according to trade body Nasscom. This includes lateral and campus jobs.

Jul 21, 2017

With 109 Chinese firms making it to the Fortune Global 500 2017, where does India stand?

While Walmart topped the Fortune Global 500 list, China's State Grid, oil giant Sinopec Corp and China National Petroleum were ranked second, third and fourth. Seven Indian firms made it to the list.

Jul 21, 2017

Take 30% pay cut or leave: Jet Airways' junior pilots do not have much choice

In a bid to trim cost, Jet Airways is said to have made a few changes to the pilots' contracts and it will now be mandatory for them to take 10 days of leave in a month apart from their weekly offs.

Jul 21, 2017

Flare deal: ONGC's new test of resilience

The deal pushes great downstream growth for ONGC, but will need vision and a free hand to accomplish its ends.

Jul 20, 2017

Loans at your command: ICICI Bank offers up to Rs 15 lakh instant loans via ATMs

Customers can get pre-qualified personal loans of up to Rs 15 lakh in their savings accounts instantly.

Jul 20, 2017

Home loan, fixed deposit interest rates might sink further

Banks crank up interest rate engines, reassess credit scenario ahead of possible RBI cut

Jul 20, 2017

GST confusion likely to hit merchandise exports in July, suggests report

Customs officials are interpreting GST rules differently, leading to problems, says apex body of exporters.

Jul 20, 2017

Domestic air traffic rises 20% in June

Indian carriers flew 95.68 lakh passengers in June this year as against 79.75 lakh passengers last year.

Jul 19, 2017

More Indians prefer stocks over mutual funds, reveals Geojit Financial survey

While 61 percent respondents prefer to invest directly in stocks, 23 percent would opt for the mutual fund route, reveals the survey.

Jul 19, 2017

Jane Austen 200: New two pound coin marks anniversary of writers death

The designer of the Jane Austen £2 coin, Dominique Evans, speaks about how the new coin came about.

Jul 18, 2017