Economy News

Investors approach RBI to buy stake in RBL Bank: Report

The current management team led by Rajeev Ahuja has full support from RBI. The slippages had peaked in Q2 and will be improving this quarter

Dec 27, 2021

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India's foreign exchange reserve down by $160 mn in week ending Dec 17

The SDR value stands at $19.089 billion. The country's reserve with the IMF saw a rise of $9 million.

Dec 25, 2021

K'taka Anti-conversion bill black mark on state, affects global standing: Shivakumar [Details]

Karnataka Congress President D.K. Shivakumar on Tuesday said that the proposed anti-conversion bill is going to be a black mark on the state. He further stated that, if the proposed bill is introduced it will affect the foreign investments in the state.

Dec 21, 2021

Bloodbath at Dalaal Street; why Sensex, Nifty plunged over 2% [reasons explained]

The Nifty IT index, which had held gains on Friday due to an encouraging demand forecast for the industry, also succumbed to the broader bearish attitude.

Dec 20, 2021

Diesel, petrol prices steady on Sunday; see fuel rates in different cities [details]

Across the country as well, the price of the fuel remained largely unchanged on Sunday but the retail rates varied depending on the level of local level taxes.

Dec 19, 2021

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India's foreign exchange reserves decline for 3rd consecutive week

The forex reserves decreased to $635.828 billion from $635.905 billion. The value of gold reserves rose to $38.709 billion.

Dec 18, 2021

People face problems due to nationwide bank strike

Bank Strike Impact: Clearance of 38 lakh cheques worth Rs 37,000 cr affected

The ongoing two-day nationwide bank strike against the privatisation of government banks has affected clearing of cheques worth about Rs 37,000 crore, said C.H. Venkatachalam, General Secretary of the All India Bank Employees' Association (AIBEA).

Dec 17, 2021

PLI schemes to create 1 cr jobs in 5 yrs: Ministry

The outcome from the Centre's recently announced slew of production-linked incentive schemes, in terms of production, is expected to be over $504 billion over the next five years, an official statement said on Thursday.

Dec 17, 2021

Here's how Vyapar GST billing software are helping SMEs

Vyapar provides everything from invoicing, e-way bills, tax filing, and much more. Businesses can use sales/purchase data directly within the software to create 100% GST-compliant accounting reports.

Dec 14, 2021

India's Nov retail inflation sequentially inches up to 4.91%, three-month high

Rising costs of various commodities have lifted India's retail inflation for November. The overall prices of food and beverages were up by 2.60%. Vegetable prices declined by 13.62%.

Dec 14, 2021

Wipro picks Oracle Cloud to digitise air cargo process quickly

IT major Wipro on Monday selected Oracle Cloud to digitise its air cargo process, as demand grows for rapid cargo transportation services in the country.

Dec 13, 2021

US inflation hits 40-year high; here's how it will impact India [details]

Employers in the US have been rising compensation in response to labour shortages, and many have increased pricing to offset higher labour expenses, contributing to inflation.

Dec 11, 2021

RBI keeps lending rate unchanged at 4% as recovery remains prime focus

To push for a lasting economic recovery amid concerns over the Omicron variant of the coronavirus, the Reserve Bank of India on Wednesday retained its key lending rates intact during the pan-ultimate monetary policy review of FY22.

Dec 8, 2021

With transactions of 120 Cr every month, these J'khand women transform banking scene [details]

J'Khand women have transformed the banking scenario in the state. Working as Banking Correspondent Sakhi (BC Sakhi), these women are making transactions worth Rs.120 cr every month.

Dec 5, 2021

Gita Gopinath to replace Okamoto as IMF's First Dy MD

Gita Gopinath, the chief economist at International Monetary Fund is all set to succeed Okamoto as IMF's First Deputy Managing Director.

Dec 3, 2021

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