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Latest Articles in Economy

Indian Markets Slip After Fed's 'Less Dovish' Comments

The rupee was at 70.44 to the dollar in morning trade after opening at 70.68 and weaker than Wednesday’s close of 70.39. The 10-year benchmark bond yield was at 7.25 percent from the previous close of 7.22 percent

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Sensex, Nifty Open Lower After US Fed Rate Hike

After opening over 250 points down, the 30-share Sensex was trading 166.63 points, or 0.46 per cent, lower at 36,317.70. The index had ended 137.25 points, or 0.38 per cent, at 36,484.33 Wednesday

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Rupee Slips 24 Paise To 70.63 Against US Dollar In Early Trade

Forex traders said strength in the US dollar against some currencies overseas weighed on the local unit

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Delhi Govt Approves Much-awaited Phase-IV Of Delhi Metro

"The cabinet has approved the Phase-IV of Delhi Metro. It will boost public transport in Delhi."

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Mallya Intends To Appeal Against UK Court's Extradition Verdict

"Mallya has now been able to consider the court's decision and intends to file an application for permission to appeal at the appropriate time"

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Panel To Redraft Direct Tax Laws To Focus On Simplification

The recommendations of the panel is likely to be included in the final budget for 2019-20

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India Plans Levy On Petrol, Diesel Cars To Boost EV Demand

Under a new policy that is nearing finalisation, National Institution for Transforming India (NITI), a government policy think-tank, has proposed incentives of up to 25,000 rupees-50,000 rupees be directly transferred to EV buyers, ensuring that gains are not pocketed by auto manufacturers, said government officials

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UK Economy To Slip To Seventh Biggest In World In 2019: PwC

“The UK and France have regularly alternated in having the larger economy, but subdued growth in the UK in 2018 and again in 2019 is likely to tip the balance in France’s favor,” PwC economist Mike Jakeman said

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Indian Markets Rise After Capital Boost, Crude Slide

The rupee climbed to 69.85 to the dollar, its highest level since Dec. 3, but trimmed some of those gains to trade at 70.13, stronger than Tuesday’s close of 70.48

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Fed Expected To Raise Rates, May Signal Fewer Hikes Ahead

Investors widely expect the Fed will lift borrowing costs by a quarter of a percentage point to a range of between 2.25 percent and 2.50 percent

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Sensex Rises Over 100 Pts On Firm Rupee, Falling Crude Prices

The NSE Nifty saw similar movement, rising up 36.60 points, or 0.34 per cent, to 10,945.30

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Lawsuit Against H-4 Visa Authorisation Moves Forward As US Court Removes Case From Abeyance

The Barack Obama administration in 2015 allowed H4 visa-holders - mainly spouses of the H-1B visa-holders - to be gainfully employed in the US

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Rahul Gandhi Ratchets Up Pressure On PM Modi To Waive Farm Loans

India's 263 million farmers and their many millions of dependents form an influential voting bloc, with agriculture employing nearly half the 1.3 billion people and contributing about 15 per cent to the $2.6 trillion economy, Asia's third largest

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Dubai's DP World Seeks To Quash India Antitrust Probe Over Mumbai Port - Court Filing

The Competition Commission of India (CCI) last month said it suspected alleged antitrust violations by DP World and Denmark's A.P. Moller-Maersk at the terminals they operate at state-owned Jawaharlal Nehru Port Trust (JNPT)

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Gold Hits 1-Week High; Investors Eye Fed Meeting

The Federal Open Market Committee (FOMC) is widely expected to raise interest rates at its two-day meeting starting later in the day, but the focus will be on its outlook for 2019

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