Economy News

Wholesale inflation eases to 0.16% in October from 0.33% in September: Report

Wholesale inflation eases to 0.16% in October from 0.33% in September: Report

The annual inflation, based on monthly wholesale price index (WPI), was at 5.54 per cent in October 2018.

Nov 14, 2019, 13:11 PM IST
Alibaba launches $13.4 billion Hong Kong listing to fund expansion

Alibaba launches $13.4 billion Hong Kong listing to fund expansion

A 661-page draft prospectus for what looks set to be the world`s biggest cross-border secondary listing shows Alibaba plans to use the money to invest in online delivery and local services platform

Nov 13, 2019, 23:00 PM IST
Retail inflation jumps to 4.62% in October due to high food prices

Retail inflation jumps to 4.62% in October due to high food prices

Annual retail inflation in October was higher compared with 3.99% in the previous month and analysts' forecasts.

Nov 13, 2019, 18:20 PM IST
Gold price rises as concerns over trade deal, economic slowdown linger

Gold price rises as concerns over trade deal, economic slowdown linger

Gold prices rose on Monday, after touching a three-month low in the previous session, on lingering concerns over the U.S.-China trade deal and the prospect of a slowing global economy.

Nov 11, 2019, 21:43 PM IST
Industrial Production for September 2019 contracts 4.3%: Govt data

Industrial Production for September 2019 contracts 4.3%: Govt data

Quick Estimates of Index of Industrial Production (IIP) with base 2011-12 for the month of September 2019 stands at 123.3, which is 4.3 per cent lower as compared to the level in the month of

Nov 11, 2019, 18:16 PM IST
Auto sales decline by 12.7% in October; marginal gain for PV segment: SIAM data

Auto sales decline by 12.7% in October; marginal gain for PV segment: SIAM data

Despite the festive season uptick in sales, domestic vehicle sales across all categories have declined by 12.76 per cent in October to 21.76 lakh units compared to 24.94 lakh units in the year-ago

Nov 11, 2019, 17:47 PM IST
Petrol prices above Rs 73/litre for 3rd consecutive day

Petrol prices above Rs 73/litre for 3rd consecutive day

With a rise of 45 paise per litre, petrol prices in Delhi remained above Rs 73 per litre for the third consecutive day on Sunday. Diesel prices, however, remained unchanged.

Nov 10, 2019, 13:54 PM IST
Funding for stalled Affordable, Middle-Income Housing Projects; Know here all details

Funding for stalled Affordable, Middle-Income Housing Projects; Know here all details

The Union Cabinet has recently approved a 'Special Window' fund to provide priority debt financing for the completion of stalled housing projects that come under the Affordable and Middle-Income

Nov 08, 2019, 20:43 PM IST
RBI asks banks not to levy NEFT charges on Savings Bank Accounts from Jan 2020

RBI asks banks not to levy NEFT charges on Savings Bank Accounts from Jan 2020

To encourage the usage of digital transactions in India, the Reserve Bank of India (RBI) on Friday issued various proposals, and directed the banks "not to charge savings bank account customers for

Nov 08, 2019, 19:09 PM IST
Fundamentals of economy quite robust: Finance Ministry responds to Moody’s change in outlook

Fundamentals of economy quite robust: Finance Ministry responds to Moody’s change in outlook

The Finance Ministry issued a statement in which it said, ''India continues to be among the fastest-growing major economies in the world and its relative standing remains unaffected. ''

Nov 08, 2019, 10:13 AM IST
Moody's lowers India's outlook to 'negative' from 'stable'

Moody's lowers India's outlook to 'negative' from 'stable'

Moody`s Investors Service on Thursday changed its outlook on India`s ratings to "negative" from "stable", citing increasing risks that the country`s economic growth will remain lower than in the past

Nov 08, 2019, 07:53 AM IST
Boost for real estate sector as Centre announces Rs 25,000 crore fund for stalled housing projects

Boost for real estate sector as Centre announces Rs 25,000 crore fund for stalled housing projects

According to Finance Minister,  the creation of asset alternative fund (AIF) will benefit 1,600 stalled housing projects with 4.58 lakh homes.

Nov 06, 2019, 20:35 PM IST
IDBI Bank issues public notice on Vijay Mallya as 'wilful defaulter'

IDBI Bank issues public notice on Vijay Mallya as 'wilful defaulter'

IDBI Bank NPA Management Group in Mumbai issued a public notice about wilful defaulter with the now defunct Kingfisher Airlines as the borrower and Vijay Mallya as the director and guarantor.

Nov 06, 2019, 16:41 PM IST
RBI issue guidelines on compensation for Private Bank CEOs, Whole-time Directors, Material Risk Takers

RBI issue guidelines on compensation for Private Bank CEOs, Whole-time Directors, Material Risk Takers

Reserve Bank of India (RBI) has issued guidelines on Compensation for Whole Time Directors/ Chief Executive Officers/ Material Risk Takers and Control Function staff. The guideline will be applicable

Nov 05, 2019, 12:34 PM IST
GST collection drops 5.29% to Rs 95,380 crore in October, more worries for govt

GST collection drops 5.29% to Rs 95,380 crore in October, more worries for govt

The total number of GSTR 3B Returns filed for the month of September up to October 31 was Rs 73.83 lakh.

Nov 01, 2019, 16:19 PM IST
India's eight core sector output shrinks by 5.2% in September 2019: Government data

India's eight core sector output shrinks by 5.2% in September 2019: Government data

According to the figure released by the government, the index of eight core industries, which comprises output of coal, crude oil, cement and electricity among others, recorded a decline of 5.2 per

Oct 31, 2019, 19:14 PM IST
1.3 million Indian at risk as debit, credit cards details up for sale for Rs 920 crore on Dark Web

1.3 million Indian at risk as debit, credit cards details up for sale for Rs 920 crore on Dark Web

According to ZDNet, the cards' details is available on Joker's Stash -- one of the oldest card shops on the dark web which is known to be the place where major hackers sell card dumps.

Oct 31, 2019, 14:05 PM IST
Facebook contractor Cognizant to cut 13,000 jobs, exit content moderation

Facebook contractor Cognizant to cut 13,000 jobs, exit content moderation

The information technology services provider will also eliminate up to 7,000 jobs in its other units to invest in growth areas such as cloud and internet of things to cushion the impact from a

Oct 31, 2019, 12:42 PM IST
Nifty, Sensex gain after Federal rate cut

Nifty, Sensex gain after Federal rate cut

In domestic markets, the broader NSE Nifty was up 0.55% at 11,907.50 while the benchmark BSE Sensex was 0.53% higher at 40,260.34 and was on track to close at a record.

Oct 31, 2019, 10:55 AM IST
Government plans gold amnesty scheme to curb black money: Sources

Government plans gold amnesty scheme to curb black money: Sources

If implemented, the amnesty scheme for gold would be the second major step taken by PM Modi in curbing black money after demonetisation in 2016.

Oct 30, 2019, 15:34 PM IST