Economy News

IndiGo promoters' differences threaten services

Passenger traffic expected to grow in 2019, says Director General of DGCA

Arun Kumar said induction of aircraft in domestic airlines in the fourth quarter of 2019 would ease fares and usher in passenger traffic growth.

Oct 13, 2019

Inflation data, Q2 results may keep equities jittery

The growth has hit the 81-month low.

Oct 13, 2019

Raghuram Rajan's take on how worrying the economic situation is as growth slows

Former RBI governor Raghuram Rajan says that uncertainty over economic vision is causing deep distress in the economy whose growth forecast has been slashed multiple times this fisc.

Oct 12, 2019

Citi pays $30 million fine to settle real-estate violations

Between 2017 and 2019, the bank committed over 200 violations in South Dakota related to the statutory holding period for OREO assets.

Oct 12, 2019

Dussehra fails to buoy gold demand, China awaits trade verdict

India celebrated Dussehra festival on Tuesday, when buying gold is considered auspicious.

Oct 12, 2019

Fuel price set to spike as tension rises after Iran oil tanker hit in Red Sea

Iran suspects Saudi rocket attacks behind the fire that breaks out on the tanker laden with one million barrels of oil in the Red Sea off Jeddah; reports suggest the attack was in retaliation to Yemeni Houthi's drone strikes on Saudi Aramco oil installations.

Oct 11, 2019

The Air India plane flying the inaugural trip from Lucknow,

Pay dues or will cut fuel supply by Oct 18: Oil companies warn Air India

The oil marketing companies had earlier said in August that the national carrier owed Rs 5,000 crore in unpaid fuel bills with payments being delayed by almost eight months.

Oct 11, 2019

Petrol, diesel prices continue downward trend

According to the Indian Oil website, petrol rates in Delhi, Kolkata, Mumbai and Chennai are: Rs 73.42/litre, Rs 76.07/litre, Rs 79.03/litre and Rs 76.25/litre respectively.

Oct 11, 2019

Asia-Pacific 2019 growth to slow to 5.8% on trade tensions: World Bank

Economic growth in the region is forecast to slip to 5.8% in 2019 from 6.3% in 2018.

Oct 10, 2019

budget 2017, fm arun jaitley, suresh prabhu indian railways, fares, tickets, modi

Railways made Rs 35,073 crore in 10 years by just selling scrap

The Indian Railways said it earned a maximum profit of Rs 4,409 crore by selling scrap in 2011-12. The lowest income of Rs 2,718 crore was in 2016-17.

Oct 10, 2019

Big Diwali gift: DA raised to 17% for 50 lakh govt employees, 62 lakh pensioners

A hike of 5% in dearness allowance (DA) has been given to 50 lakh central government employees and 62 lakh pensioners.

Oct 9, 2019

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India slips by 10 places to rank 68 on global competitiveness index

The report, which is now in its 40th year, shows that India is amongst the worst-performing BRICS nations along with Brazil, which was ranked 71st this year.

Oct 9, 2019

IMF warns of economic slowdown in 90% of world, India to be hit hard

According to the new head of the 189-nation, the widespread deceleration means that growth this year will fall to its lowest rate since the beginning of the decade.

Oct 9, 2019

Markets today: Sensex opens on positive note; Nifty trades at 11,129.85 points

The Nifty was trading at 11,129.85 points on Wednesday morning.

Oct 9, 2019

OPEC crude output to average 29.6m barrels a day: EIA

In its October Short-Term Energy Outlook, EIA also forecast that annual average OPEC crude oil production will average 29.8 million b/d in 2019, down by 2.1 million b/d from 2018.

Oct 9, 2019