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Latest News:


India police arrest cheap mobile maker on fraud charges

Lucknow: The director of an Indian company that claimed it was selling the world's cheapest smartphone was arrested Thursday on fraud charges, police said Friday.

Mohit Goel was arrested in the New Delhi suburb of Ghaziabad following a complaint t... Read More

stent pipe

Complaints against two hospitals for stent overcharging: NPPA

New Delhi: Regulator NPPA today said it has received complaints against two hospitals in Haryana and Uttarakhand for overcharging on prices of stents.

In a tweet, the National Pharmaceutical Pricing Authority (NPPA) said its helpline has received com... Read More

Forex Reserve

Forex reserves down $57 mn to $363 bn due to dip in foreign currency assets

New Delhi: India's foreign exchange reserves declined by $56.8 million to $362.73 billion in the week to February 17, on account of dip in foreign currency assets (FCAs), the Reserve Bank said on Friday.

In the previous week, the reserves had fallen ... Read More


Demonetisation sucked in cash like vacuum cleaner, says IMF official

Washington: India's demonetisation led to huge cash shortages that have "adversely affected" consumption and like a "vacuum cleaner" it sucked in cash and then was slowly replacing the currency, a senior IMF official has said.

"You've heard about so-... Read More

Arvind Subramanian

Universal Basic Income only after withdrawal of present schemes: Arvind Subramanian

Ahmedabad: Chief Economic Advisor Arvind Subramanian today said Universal Basic Income (UBI), as proposed in the recent Economic Survey, can be put in place only after withdrawal of the existing welfare projects.

"The cost of this programme (UBI) is ... Read More


EPFO to launch housing scheme for over 4 crore members in March

New Delhi: Retirement fund body EPFO will launch a housing scheme next month for its over four crore members to enable them to make down payment and pay EMIs from their EPF accounts to buy homes.

"The Employees' Provident Fund Organisation (EPFO) has... Read More

ADB, Asian Development-Bank, Growth Forecast, Tourism Development, Loan

India, ADB ink $375 mn loan pact for industrial corridor

New Delhi: India and ADB have signed USD 375 million pact for loans and grants to develop 800—km Visakhapatnam—Chennai Industrial Corridor, which is the first phase of a planned 2,500-km East Coast Economic Corridor.

ADB had last September approv... Read More

Airtel, Financial Results

Bharti Airtel’s acquisition of Telenor India is credit positive: Moody’s

NEW DELHI: Bharti Airtel’s acquisition of Telenor India is “credit positive” and will enhance the company’s position in the highly-competitive Indian mobile telecom market, says Moody’s Investors Service.

".... Read More


Govt warns banks over non-acceptance of PMGKY tax

New Delhi: The Government has warned banks of “de-authorisation” of branches if they refuse to accept taxes under the amnesty scheme PMGKY, which ends on March 31.

The Finance Ministry, in a communication to heads of banks which are authorised to... Read More

E-commerce, Turnover, Assocham

Former Infosys top executive says E-Tailers’ business models have not worked

Hyderabad: Business models of e-tailers in India are not just running out of steam but even have not worked, says IT industry veteran T V Mohandas Pai. "E-tailers will have large problems because their model is running out of steam... Read More