At 8.5 percent, unemployment rate falls to pre-lockdown levels, suggests CMIE data; rural employment likely to see 'bigger gains' in coming months
Business

At 8.5 percent, unemployment rate falls to pre-lockdown levels, suggests CMIE data; rural employment likely to see 'bigger gains' in coming months

India’s unemployment rate reduced to pre-lockdown levels at 8.5 percent during the week that ended on 21 June, Centre for Monitoring Indian Economy (CMIE) said.

SEBI comes out with operational framework for transactions in defaulted debt securities, to be implemented from 1 July onwards
Business

SEBI comes out with operational framework for transactions in defaulted debt securities, to be implemented from 1 July onwards

Markets regulator SEBI allowed transactions in defaulted debt securities and put in place operational framework for such transactions

In a first, diesel becomes costlier than petrol in Delhi at Rs 79.88 per litre; prices hiked for 18 consecutive days
Business

In a first, diesel becomes costlier than petrol in Delhi at Rs 79.88 per litre; prices hiked for 18 consecutive days

Diesel price for the first time ever crossed the rate of petrol in the national capital on Wednesday when prices were raised for a record 18th day in a row

WEF: India needs to focus on innovation, infrastructure & inclusive growth, says Telangana's IT Minister
Economy

WEF: India needs to focus on innovation, infrastructure & inclusive growth, says Telangana's IT Minister

India is one of the most compelling business stories, the world has come to start believing in and the world has come to start looking at it in the right light.

Rupee pares losses, settles 5 paise higher at 70.82 ahead of much-anticipated US-China trade deal
Business

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

RBI Monetary Policy Updates: Efforts on to ensure another large NBFC does not default, says governor Shaktikanta Das
Business

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
Business

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

Cyclone Fani: Reliance Foundation lends hand for relief work in Odisha and Andhra Pradesh
Business

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
Politics

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
Economy

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
Business

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
Business

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
Business

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
Business

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
Economy

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
Business

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
Business

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
Business

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
Business

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.