Economy News

India stares at power crisis as coal supply dries up [Details]

One of the reasons thermal power plants are suffering from a coal scarcity, according to an official, is that coal imports will be reduced in 2021-22.

Apr 21, 2022

IMF slashes global growth amidst Ukraine war; sharply cuts India's forecast to 8.2% [details]

The IMF lowered its forecast for India's GDP growth in the current fiscal year to 8.2%, down 0.8 percentage points from its prior estimate.

Apr 20, 2022

ED attaches assets of Amway worth Rs 757.77cr in money laundering case

The Enforcement Directorate (ED) on Monday said it has attached assets worth Rs 757.77 crore belonging to Amway India Enterprises Private Limited -- a company accused of running a multi-level marketing scam, in connection with a money laundering case.

Apr 18, 2022

Sri Lanka's newly-appointed Finance Minister Ali Sabry.

Bankrupt Sri Lanka rushes delegation to IMF seeking $4 bn bailout

The Sri Lankan government has sent a delegation to the International Monetary Fund (IMF) for discussions over ways to get the lender's loans.

Apr 18, 2022

US inflation hits 40-year high: Russia-Ukraine war has added further fuel to the blazing rate of inflation

The US inflation rate hit a 40-year high in the year to March after fuel prices soared during the first full month of the Ukraine war, BBC reported.

Apr 13, 2022

RBI retains accommodative stance, repo rate remains unchanged

The Monetary Policy Committee (MPC) of the RBI maintained the repo rate, or short-term lending rate, for commercial banks, at 4 per cent

Apr 8, 2022

Pakistan rupee plunges to record low for 16th session

The Pak rupee has maintained a non-stop downward streak for the 16th successive working day except on March 24

Apr 7, 2022

Wipro will continue to invest in Telangana: Azim Premji

Telangana is progressive state, Wipro will continue to invest here: Azim Premji

Wipro will continue to invest in Telangana as the state government here is progressive, Founder-Chairman of Wipro Group, Azim Premji, said on Tuesday.

Apr 6, 2022

New Data: Weekly US jobless claims reach record 202,000 after falling to lowest level

Weekly US jobless claims increase after falling to lowest level

Apr 1, 2022

Congress flays Centre over continuous fuel price hikes; Dubs it "extortion"

The Congress on Wednesday slammed the Centre over "unabated" hike in fuel prices and termed it "extortion" by the Modi government.

Mar 30, 2022

An employee refills petrol in a vehicle at a petrol pump (File photo)

Fuel prices raised again for 2nd consecutive day, petrol costs Rs 111.67 per litre in Mumbai

Despite Opposition's uproar in parliament yesterday, state-owned oil marketing companies on Wednesday raised petrol and diesel prices for the second consecutive day,

Mar 23, 2022

Zomato to make world's first 10-minute food delivery in Gurugram

In a global first, food delivery platform Zomato on Monday announced to deliver food under 10 minutes, starting with Gurugram.

Mar 22, 2022

Inflationary Blow: Petrol, diesel prices raised after 4 months; Petrol costs Rs.95 and diesel Rs.110.82 per litre in Mumbai

State-owned oil marketing companies (OMC) on Tuesday raised petrol and diesel prices after more than four months of stable rates.

Mar 22, 2022

Japan PM's India Visit: Strategic Interests to Overwhelm Economic Investments [Analysis]

In the background of the Russian invasion of Ukraine, Japan Prime Minister Fumio Kishida's visit is likely to focus on strategic ties than economic investments, especially in the Indian manufacturing sector

Mar 19, 2022

U.S. Vice President Kamala Harris on Thursday swore in as chief of the Office of Management and Budget.

Who's Shalanda Young? First Black woman to become White House Budget Chief

US Vice President Kamala Harris has sworn in Shalanda Young as chief of the White House Office of Management and Budget (OMB), making her the first Black woman in the country's history to assume the position.

Mar 18, 2022

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