ECONOMY

  • Repo rate cut will boost economy, says government 8 hours 30 minutes ago

    The Reserve Bank of India on Wednesday unexpectedly lowered its policy rate for the second time in 2015, backing a government that is pushing to revive economic growth as inflation cools. ...
  • Sensex falls 644 from top after hitting 30,000 on RBI rate cut 11 hours 52 minutes ago

    Mumbai: Benchmark indices nosedived in the last hour of trade on Wednesday after touching record highs earlier in the day spurred by the 25 basis point repo rate cut. The 30-share BSE Sensex shed 213 points to close at 29380.73, after hitting a new high of 30024.74 intraday. The 50-share...
  • RBI cuts repo rate by 25 basis points to 7.5%, home loans may be cheaper 12 hours 14 minutes ago

    Mumbai: In a surprise move, the Reserve Bank of India on Wednesday cut repo rate by 25 basis points from 7.75 per cent to 7.5 per cent with immediate effect. This is the second rate cut in the past two months. The cut in repo rate is likely to make home...
  • Rupee falls 5 paise against US dollar, ends at 61.92 Yesterday

    Mumbai: Continued its slide for the third straight session, the Indian rupee on Tuesday fell 5 paise to end at 61.92 against the Greenback following sustained demand for the American currency from importers and a better dollar in overseas trades. Widening fiscal deficit, which rose to Rs 5.68 lakh crore...
  • Rupee weakens four paise against US dollar 2 days ago

    Mumbai: Bucking the uptrend in stocks, the Indian rupee on Monday weakened four paise to finish at 61.87 against the US dollar due to sustained demand for the American currency from banks and importers. Some caution adopted by participants ahead of core sector data outcome also impacted sentiments, said forex brokers. The...
  • Arun Jaitley's Union Budget fails the test of tackling rising inequality, says P Chidambaram 3 days ago

    New Delhi: Former finance minister P Chidambaram tore into the BJP-led NDA government's first full-year Union Budget presented on Saturday. Targeting Finance Minister Arun Jaitley, Chidambaram said the Budget failed the test of tackling rising inequality, cruelly neglected the already poor and gave too much to the rich. "This Budget...
  • In pics: Budget at a glance 3 days ago

    Finance Minister Arun Jaitley on Saturday announced a Budget that put boosting growth before painful reforms, slowing the pace of fiscal deficit cuts and seeking to put domestic and foreign capital to work. Billed as a test of PM Narendra Modi's willingness to reform a $2 trillion economy with a...
  • In pics: Budget in numbers 3 days ago

    Finance Minister Arun Jaitley on Saturday announced a budget that put boosting growth before painful reforms, slowing the pace of fiscal deficit cuts and seeking to put domestic and foreign capital to work. Billed as a test of the PM's willingness to reform a $2 trillion economy with a bloated...
  • Arun Jaitley's Budget aims growth first, gives big bang reforms a miss, fiscal deficit cut to wait 3 days ago

    New Delhi: Finance Minister Arun Jaitley on Saturday announced a budget that put boosting growth before painful reforms, slowing the pace of fiscal deficit cuts and seeking to put domestic and foreign capital to work. In his first full-year budget since Prime Minister Narendra Modi's landslide election victory in May 2014,...
  • Union Budget 2015: Finance Minister did a great job of reviewing economy, says Suresh Prabhu 4 days ago

    Finance Minister Arun Jaitley presented the Union Budget 2015 in Parliament on Saturday aimed at high growth. Reacting on the budget, Railway Minister Suresh Prabhu said that Finance Minister Arun Jaitley has done a amazing job of reviewing the economic growth. ...
  • Credibility of Indian economy re-established under NDA government, claims Jaitley in Budget 2015-16 4 days ago

    New Delhi: Finance Minister Arun Jaitley on Saturday claimed that the credibility of Indian economy has been re-established while presenting the first full Budget of the Narendra Modi government. Taking a dig at the previous Congress-led United Progressive Alliance government, Jaitley said the Bharatiya Janata Party-led National Democratic Alliance inherited...
  • Easing inflation provides room for rate cut by RBI: Jaitley 4 days ago

    New Delhi: Making a case for rate cut by RBI, Finance Minister Arun Jaitley on Saturday said that retail inflation is expected to remain close to 5 per cent which allows further easing of monetary policy. The government would soon put in place a monetary policy framework to ensure that inflation...
  • GDP in 2015-16 to be 8-8.5%; double-digit growth soon, says Arun Jaitley 4 days ago

    New Delhi: Finance Minister Arun Jaitley on Saturday said growth in the next financial year will rise to 8-8.5 per cent and clock double-digit level in the subsequent years. "Growth in 2015-16 is expected to be between 8-8.5 per cent. Aiming for a double digit rate seems feasible very soon," he...
  • Budget 2015: What measures should Jaitley take to strengthen the Defence sector 4 days ago

    The upcoming Union Budget is very crucial in terms of bringing the Indian economy back on growth track; curb the budget deficit and creating an investment friendly environment. CNN-IBN's Kajori Sen talks to students of IIT-Delhi and IIT-Mumbai about measures Jaitley should take to strengthen the Defence sector. ...
  • Rupee falls 10 paise against dollar in early trade on Friday 5 days ago

    Mumbai: The rupee weakened by 10 paise to 61.85 against the US dollar in early trade at the Interbank Foreign Exchange due to rise in the Greenback's value against other currencies overseas. Forex dealers attributed the rupee's fall to month-end demand for the American currency from importers as well as the...
  • Sensex, Nifty surge after Eco Survey boosts Budget hopes 5 days ago

    Mumbai: Ahead of Modi government's first full Budget, the benchmark Sensex on Friday logged its best daily gain in almost six weeks, spurting 473.47 points to 29,220.12 after the Economic Survey made a strong pitch for big-bang reforms while projecting faster growth and improved fiscal situation. The BSE Sensex opened at...
  • Rail Budget dampner, Nifty ends at 8684 6 days ago

    Mumbai: The Rail Budget failed to enthuse investors dragging the market after Minister Suresh Prabhu hiked freight rates. February F&O expiry also added pressure in the market. The Nifty ended F&O expiry at 8683.85, down 83.40 points or 0.9 per cent. The Sensex lost 261.34 points or 0.9 percent at...
  • Sensex, Nifty end flat 1 week ago

    Mumbai: The Sensex ended up 3.33 points at 29007.99 and the Nifty was up 5.15 points at 8767.25. About 1234 shares have advanced, 1659 shares declined and 201 shares are unchanged. Tata Steel, Tata Power, Dr Reddy's Labs, Sun Pharma and BHEL were among the losers. Gainers were HDFC, Bharti...
  • Rupee surges 23 paise to 3-week high of 61.97 vs US dollar 1 week ago

    Mumbai: The rupee extended its gains against the American currency for the second consecutive day, surging 23 paise to end at nearly three-week high at 61.97 on Wednesday on Budget optimism and sustained dollar selling by banks. Good foreign capital inflows also helped the rupee maintain its gains at closing, forex...
  • Union Budget 2015: Government should give more tax sops to insurance, says Max Life February 24, 2015

    Upcoming first full year Union Budget of the Finance Minister, Arun Jaitley, would be carefully matched, as it is expected to provide directional clarity on the Modi Governments economic agenda. This is the time and the biggest opportunity for the Government to showcase its vision for the economy and industries....
  • Union Budget 2015: Time to gear up tax regime for outbound investments, says EY February 24, 2015

    With the changing landscape of Indian businesses, we are witnessing a significant and rapid geographical shift in doing business. Recent times have seen the Indian multinationals regularly flexing their muscle abroad. Not only has the last few years seen established Indian business houses making significant outbound investments into capital intensive...
  • Markets riding for a fall unless budget delivers February 24, 2015

    Mumbai: Investors in India say the government's first full budget must find a way to boost capital spending while exercising fiscal restraint, or a subsequent sell-off in debt and equities could destabilise the rupee, risking a return to levels seen in 2013. Prime Minister Narendra Modi's election victory nine months ago...
  • Rupee bounces back by 11 paise against US dollar, ends at 62.20 February 24, 2015

    Mumbai: The rupee recouped by 11 paise to close at 62.20 against the US currency on fresh selling of the dollar by banks and exporters on hopes of more foreign capital inflows into equity market. The rupee resumed higher at 62.25 per dollar as against the last close of 62.31...
  • India must grow, fulfil reform promise for rating upgrade: S&P February 24, 2015

    Mumbai: India must boost growth, cut its fiscal deficit and fulfil promises of financial and fiscal reforms in order to justify an upgrade in a credit rating, currently lodged one rung above junk bond territory, rating agency Standard & Poor's said on Monday. S&P raised India's credit rating outlook to 'stable'...
  • Sensex ends below 29,000, down 256 points; SBI, ONGC drop 2 per cent February 23, 2015

    Mumbai: The market extended losses, falling 0.9 per cent on the first day of Budget week, dragged by banking & financials, FMCG and oil stocks. It was a second straight day loss for the market. The 30-share BSE Sensex broke 29000 level, down 256.30 points to 28975.11 while the 50-share...
  • Axe the tax: 5 key demands from Union Budget 2015 February 22, 2015

    Ahead of the Union Budget 2015, experts discuss people's expectations from the Modi government. ...
  • Indian share markets to open on budget day on February 28 February 21, 2015

    Mumbai: India's share markets will open for regular trading hours on Saturday, February 28, when the government is due to unveil a much- anticipated budget for the fiscal year starting in April, the country's two main exchanges said on Friday. The announcement from National Stock Exchange and BSE Ltd came after...
  • Sensex snaps 7-day rally, down 231 points; BHEL jumps 5 per cent February 20, 2015

    Mumbai: The market lost ground on Friday, for the first time in last eight sessions, especially ahead of Union Budget week. Profit booking in banking & financials, technology and select oil stocks dragged the market. The 30-share BSE Sensex declined 230.86 points to 29231.41 and the 50-share NSE Nifty slipped...
  • Mumbai's nightlife will revive economy of the city February 19, 2015

    A day after Maharashtra Chief Minister Devendra Fadnavis accepted Yuva Sena chief Aditya Thackeray's proposal to make Mumbai a city with a 24-hour night life, he said the idea will revive the economy of the city. Thackeray said, "It is not about lifestyles, but about reviving Mumbai's economy. Everyone, including...
  • Sensex gains for seventh straight session; metals, miners surge February 19, 2015

    Mumbai: The BSE Sensex gained for a seventh straight day on Thursday in a volatile session that saw metals and mining companies such as Hindalco Industries (HALC.NS) and Jindal Steel and Power (JNSP.NS) surging after the successful completion of the country's first auction to sell mines. The auction follows a court...