Business

Commerce Minister Piyush Goyal on Thursday warned that the world economy will fall into a recession which will spare no country if the protectionist policies and "unilateral measures" being adopted by some developed countries continue.

Add

Minutes from the Reserve Bank of India's August meeting have revived expectations for further policy easing as headline inflation is likely to remain within target over the next one year, says a DBS report. According to the report, pro-growth Reserve Bank of India (RBI) minutes are expected to cap bond yields. "INR 10Y (generic) government bond

Reliance Jio has added 44 million active subscribers over the past six months, while Bharti Airtel and Vodafone Idea have lost 20 million and 68 million clients, respectively, most likely due to the introduction of minimum recharge

FMCG major Britannia Industries plans to increase prices of its products marginally in the third quarter of the current fiscal year to tackle the slow down which has taken a toll on the growth of its sales in value terms, a company official said on Thursday. He said that the slowdown had been witnessed in the last five to six months and

As India's economic climate becomes more complicated, so have the messages from monetary policy makers.

Central bank watchers were left scrambling this week for their dictionaries and Google searches to decipher parts of a speech by Governor Shaktikanta Das and minut

The markets regulator Sebi on Wednesday allowed credit rating agencies to obtain details of clients' existing and future debt, in a bid to help them identify defaults in a timely way, amid a severe credit crunch and a slowdown in the economy.

The Securities and

With the country's auto sales declining for the ninth straight month in July, more automotive manufacturers are laying off workers and temporarily halting production to keep costs in check, according to sources and documents seen by Reuters.

Japanese carmaker

The S-P BSE Sensex and NSE Nifty 50 indexes fell sharply lower in trade today amid a broad-based sell-off. The Sensex plunged as much as 458 points to hit intraday low of 36,602.38 and the Nifty 50 Index broke below its important psychological level of 10,800. Realty, state-run banking, metal and private sector banking shares were among the

The rupee on Wednesday clawed back some lost ground to close at 71.55, up 16 paise against the US dollar in line with stronger emerging market currencies. Starting off on a bullish note, the rupee surged to a high of 71.36 per dollar during the day before settling at

The Indian Railway Catering and Tourism Corporation (IRCTC) on Thursday filed its draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) for its proposed initial public offering (IPO).

Market sources said the IPO will be worth Rs

The S-P BSE Sensex and NSE Nifty 50 indexes were trading with a negative bias led by declines in HDFC Bank, HDFC, Reliance Industries, ICICI Bank, Kotak Mahindra Bank and IndusInd Bank. The Sensex fell as much as 259 points to 36,801 and the Nifty

Fixing India's weak growth has become the highest priority while a benign inflation outlook has given the central bank room to cut rates although transmission remains inadequate, monetary policy committee meeting minutes showed.

The Reserve

Sovereign gold, however, held steady at 28,800 per eight grams.

Hyderabad is the chosen destination of e-commerce giant Amazon to set up its biggest global office campus, and only the second one that it owns.

The impressive building built on a 10-acre campus came up in a record three years.

Though Amazon first came to Hyderabad in 2004, it was in 2016, after the new state of Telangana was formed, that the

Vietnam-based budget airline Vietjet will start its India operations from December. The carrier said that it will commence direct flight operations between India and Vietnam from December 6. The airline is offering "super-saving tickets" priced at Rs 9 onwards, during its "three

Commercial lenders such as State Bank of India (SBI) are required to provide a certain number of transactions free of cost to their customers every month under current banking rules. Any additional transactions attract charges

Refused a loan by a state-run lender and desperate for funds to buy cotton seeds before the summer sowing season window closed, Indian farmer Babasaheb Mandlik ran out of choices - he pawned his wife's gold jewellery.

Mr Mandlik, who owns an 8-acre

Passenger carrier IndiGo has announced Belgaum as its fifty eight domestic and seventy seventh overall destination, a press release issued by the airline said. The carrier will operate flights on the Bengaluru-Belgaum route from September 8, 2019 at a starting all-inclusive price of Rs 2,059. The

Shares in Coffee Day Enterprises, the operator of the Cafe Coffee Day (CCD) chain of restaurants, rose nearly 5 per cent on Thursday. The fourth straight day of gain in CCD shares came a day after the company denied reports that suggested cigarette major

The Reserve Bank of India (RBI) has extended the timings for customer transactions through the payments system Real Time Gross Settlement (RTGS). With effect from August 26, the RTGS transactions will open at 7 am, instead of 8 am at present. "In order to increase

The market regulator Sebi or Securities and Exchanges Board of India on Wednesday eased the rules for foreign portfolio investors (FPI) doing away with the broad-based eligibility criteria for FPIs and announced that the registration for the multiple investment manager

China's yuan fell to fresh 11-year lows on Thursday amid worries about the deepening Sino-US trade war, despite support from major state-owned banks in both the spot and forwards markets.

Spot yuan ended the domestic session down 0.34 per cent at 7.0875 per

Domestic stock markets started Thursday's session on a lower note, after two days of losses, while Asian peers were largely unmoved amid concerns about the changes of global fiscal stimulus. The S-P BSE Sensex

India's economic growth is likely to slow down further to 5.7 per cent in the April-June quarter of this year due to low consumption, weak investments and an under-performing service sector, said a Nomura report. The economy, however, is

The S-P BSE Sensex and NSE Nifty slumped to their lowest levels in around six months on the back of a broad-based selling pressure. Investors are awaiting news on economic stimulus from the government amid a slowdown

India's crude oil imports declined in July from a year earlier, while petrol imports climbed to their highest since at least April 2011, data from the oil ministry's Petroleum Planning and Analysis Cell (PPAC) showed on Wednesday.

Crude oil imports into the

Delhi is the 10th fastest growing prime market globally on Knight Frank''s Prime Global Cities Index.

The capital region, by virtue of its limited supply of luxury properties, saw a 4.4 per cent rise in weighted average of capital values.

The index tracks

Chief Economic Advisor (CEA) K Subramanian on Thursday said the Indian economy does not need a fiscal stimulus to tackle the ongoing economic slowdown.

Speaking at the Hero Mindmine Summit that brings together industry and government to discuss economic policy, Mr Subramanian said policymakers need to be careful while deciding on any

Transfer of funds through the high-value RTGS system will be available from 7 am instead of 8 am from August 26, the Reserve Bank of India said on Wednesday. At present, the Real Time Gross Settlement (RTGS) System is available for

Rising for second day in a row, gold prices registered a new record high on Wednesday. Gold prices rose by Rs 50 to hit an all-time high of Rs 38,820 per 10 gram in Delhi, news agency Press Trust of India (PTI) reported. The rise in gold prices