India's economy faces a new challenge in deflation, chief economic advisor Arvind Subramanian said on Wednesday after GDP data earlier this week showed lower first quarter growth.
Union telecom minister Ravi Shankar Prasad has asked operators to end the menace of dropped calls, saying voice services must not suffer because of their emphasis on improving the more profitable mobile internet service among the world’s second largest subscriber base.
National Australia Bank (NAB) has ruled out funding for Adani Group’s $12 billion mining project in the Galilee Basin of Queensland.
Asia's falling stocks have triggered an exodus of funds from the region, but some investors say the sell-off has been indiscriminate and that certain stocks offer compelling buying opportunities.
Slower growth in China, rising market volatility and rising downside risks to the global economy could severely cut the outlook, International Monetary Fund staff warned on Wednesday.
The benchmark BSE Sensex rose by 215 points in early trade on Thursday on value-buying by participants amid positive global cues.
The rupee depreciated 7 paise to 66.26 against the dollar in early trade on Thursday on foreign fund outflows amid appreciation in the US currency overseas. Dealers attributed the rupee's fall to fresh demand for the US currency from importers and banks.
The government is set to hack away a great deal of red tape with a new classification of industries that uses colour codes to denote environmental impact, a move that means 36 industries may need no green clearance at all.
The devaluation of the yuan by about 1.9% on August 11 made Indian exports more expensive compared to China. This put pressure on our rupee, which was further affected by the tremors felt by other Asian currencies.
Lagarde said the world economy was facing headwinds from China’s rebalancing, Japan’s slow growth, falling commodity prices and uncertainties surrounding higher US interest rates.
The government, on Wednesday, extended the last date for filing Income Tax return to September 07, a week more than its initial deadline of August 31.
Swedish telecom equipment maker Ericsson said on Wednesday it has bagged a four-year 4G network rollout contract in Delhi from Bharti Airtel.
There’s something strange happening on Indian stock markets. Notwithstanding the losses of the past 10 days, the Sensex is expected to notch up decent gains this year. The remarkable thing is that this will happen at a time when oil and gold are falling and other assets like real estate and stocks in major global markets are struggling, a wholesale breakdown of correlations for the first time in years. What’s at play, and what’s likely to happen next?
India will auction 69 small and marginal oil and gas fields surrendered by state explorers offering operators full marketing and pricing freedom, oil minister Dharmendra Pradhan said on Wednesday.
The government flagged deflation as a new challenge for the economy but expressed hope that the growth will be close to 8% this fiscal year, notwithstanding lower first quarter GDP number.