Economy News - Page 2
Rupee pares losses, settles 5 paise higher at 70.82 ahead of much-anticipated US-China trade deal
The rupee pared its early losses to settle 5 paise higher at 70.82 against the US dollar on Wednesday, ahead of the signing of phase 1 trade agreement between the US and China
Sensex jumps over 340 points to hit record intra-day high of 40,816.38, Nifty above 12,000-mark; Reliance Industries jumps 4%
At 10.30 AM, the Sensex soared 302.90 points or 0.75 percent up at 40,772.60-intra day high
RBI Monetary Policy Updates: Efforts on to ensure another large NBFC does not default, says governor Shaktikanta Das
RBI MPC LATEST Updates: RBI governor Shaktikanta Das has said that efforts are on to ensure that another large non-banking finance company (NBFC) does not default.
India's August gold imports plunge 73% to hit three-year low on record high prices, hike in duty
India’s gold imports in August plunged 73 percent from a year ago to the lowest level in three years as a rally in local prices to a record high and a hike in import duty curtailed retail purchases of the precious metal
Kaushik Basu in fray for RBI chief post too, decision unlikely before Aug meet
Two government sources with direct knowledge of the matter also said Kaushik Basu, who is stepping down as the World Bank's chief economist, had made it onto a shortlist of candidates to take over when Rajan's term expires on Sept. 4.
Cyclone Fani: Reliance Foundation lends hand for relief work in Odisha and Andhra Pradesh
Reliance Foundation on Thursday said it is helping the governments of Odisha and Andhra Pradesh in carrying out relief work in the aftermath of cyclone Fani
Rahul Gandhi has walked into a trap by centering his Lok Sabha campaign on anti-Modi narrative, not real issues
By the time the 2019 Lok Sabha election campaign entered its final lap, most of the real issues — economic reform, farm crisis and unemployment — had clearly taken a backseat
Interim Budget 2019 was anything but 'interim' and had Narendra Modi's signature emblazoned all over it
After all, this final Budget of the Narendra Modi government, although technically an 'interim' one, comes around 30 days ahead of the announcement of the Lok Sabha polls
Kerala budget: Massive allocation to Sabarimala and little towards flood rehabilitation points to govt's political agenda
Economists, therefore, feel Isaac's 10th budget will remain as a castle in the air unless he shows the political will to cut down the growing revenue expenditure and raise resources from non-tax sources.
IAMAI asks govt defer implementation of revised FDI norms for e-commerce
The Internet and Mobile Association of India (IAMAI) on Tuesday urged the government to defer the implementation of revised norms for e-commerce companies having foreign investments, as few provisions are unclear and onerous
Govt mulls scrutiny on Huawei, ZTE for commercial 5G rollout after security concerns: Official
The government will be mindful of concerns around national security threat from Chinese telecom gear firms like Huawei and ZTE at the time of commercial rollout of 5G network but has no issues as far as their participation in the trial of the next generation technology is concerned, an official said.
IL&FS crisis: SBI to buy assets worth Rs 45,000 cr from NBFCs to resolve liquidity crunch
State Bank of India (SBI) said on Tuesday it will buy good quality assets worth Rs 45,000 crore from NBFCs that are facing liquidity crunch triggered by a series of debt repayment defaults by financial conglomerate IL&FS and its subsidiaries.
Environment Minister Harsh Vardhan says incentivising communities, forest departments only way to control forest fires
Environment Minister Harsh Vardhan on Tuesday said only an "aggressive strategy" can help in controlling forest fires which cause an annual loss of Rs 1,101 crore.
Paytm bets on local expertise to fend off rivals, aims to increase offline merchants to 15 million by March 2019
Paytm is transforming into a financial services start-up with forays in banking, mutual funds and later insurance.
Air India's balance sheet is splashed with red ink; if the govt won't sell the ailing carrier, it has to bear the cross
Air India has logged losses for over a decade, has a debt of over Rs 50,000 crore and faces stiff competition from private airlines. What should the government's focus be?
ICICI Bank Board could discuss Videocon loan row today; PMO asks CBI, IT-D to probe the matter
ICICI Bank shareholders seek answers on conflict-of-interest allegations raised against Chanda Kochhar, days after the PMO ordered agencies to probe the row.
Credit Suisse says close to 40 million Reliance JioPhones sold so far; incumbents should be worried
At present, it's difficult to gauge whether Jio is eating into others' share or adding to the pie with customers buying Jiophones as their secondary device.
Infosys to invest more in digital technologies to drive growth, look for strategic inorganic acquisitions
Infosys plans to scale its digital business, which contributed $2.8 billion in fiscal 2017-18, energise its clients' core technology landscape via artificial intelligence (AI) and automation, re-skill its techies and expand its localisation in Australia, Europe and the US.
Deposit 15% of Rs 2,800 cr DDT demand in a separate account, says Madras HC to Cognizant
Cognizant had filed a plea in the court seeking stay of recovery proceedings as the I-T department had frozen some of its bank accounts.
India will become $5 trillion economy by 2025, says Economic Affairs Secretary Subhash Chandra Garg
India is set to become a $5 trillion economy by 2025, Economic Affairs Secretary Subhash Chandra Garg said
PNB fraud: Five major lessons from India's biggest banking scam
It's unproductive for the RBI and the government to engage in a blame game post the PNB fraud, and accuse each other of laxity.
WTO mini-ministerial: Beyond small gains in New Delhi, the question on trade body’s relevance remains
By hosting this meeting, India has tried to change the obstructionist image it has had since the days of Murasoli Maran.
Mumbai rail roko: If Modi govt still thinks unemployment is a made-up story, students' protest will serve as eye-opener
Modi govt should first acknowledge unemployment problem, else a crisis is in the making
Negative defence budgets in ‘actual terms’ are hollowing out India’s armed forces
Major General BC Khanduri-led Parliamentary Standing Committee on Defence lambasts the Indian government for inadequate defence budget allocations.
Donald Trump terms as 'unfair' high import tariff on Harley-Davidson motorcycles, threatens to impose 'reciprocal tax'
Trump, during a discussion with members of the Congress over steel industry, also threatened to increase the tariff on import of Indian motorcycles to the US.
Budget 2018: Infra segment needs targeted policy actions, sector regulator; is Arun Jaitley listening?
Proactive measures by the government to further improve the long-term funding availability is a priority area and the infrastructure players expect some action here as well.
Experts on Economic Survey 2018: GDP may bounce back to 7-7.5% next year, but there are hurdles on the way
The annual survey was released ahead of the government’s annual Budget statement, due to be presented by Finance Minister Arun Jaitley on Thursday.
Budget 2018 may hike agriculture credit target to Rs 11 lakh cr as govt aims to get higher farm output
The govt has been providing interest subvention to make available short-term farm credit at an affordable rate and help boost farm output
Domestic passenger vehicle sales rise 5.22% in December; car sales slip but motorcycle sales rise 40.31%
Domestic passenger vehicle sales rose 5.22 percent to 2,39,712 units in December from 2,27,823 units in December 2016
Malnutrition: How Budget 2017 can do justice to India’s starving children by making nutrition a national emergency
India is one of the highest ranking countries in the world in children suffering from malnutrition.