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A man burns joss sticks as he prays at the Wong Tai Sin Temple in Hong Kong, to celebrate the Lunar New Year which marks the Year of the Rat in the Chinese zodiac. China is expanding its lockdown against the deadly new virus to an unprecedented 36 million people and rushing to build a prefabricated, 1,000-bed hospital for victims as the outbreak cast a pall over Lunar New Year, the countrys biggest and most festive holiday.AP photoBusiness
Coronavirus hits trade, tourism businesses hard

The SARS outbreak in 2003 led to a drop of 300,000 barrels of oil per day during the height of the epidemic

25 Jan 2020 10:30 AM IST

IMF this month cut Indias growth forecast to 4.8 per cent for the ongoing fiscal year - its lowest level in 11 years.Business
Govt likely to fund some USD 28 bn of expenditure via off-budget...

India’s committed spending, excluding capital spending, could be targeted at near 27 trillion rupees for the next...

24 Jan 2020 10:50 AM IST

\Further, the limit on total indebtedness of the borrower has been increased from Rs 1 lakh to Rs 1.25 lakh,\ the circular said.Business
RBI to hold rates on inflation concerns, fiscal boost likely: report

The RBI was forecast to next cut rates by 25 basis points to 4.90 per cent in the October-December quarter.

23 Jan 2020 1:14 PM IST

Consumers are not spending but 100 new malls to come up in next two yearsBusiness
Consumers are not spending but 100 new malls to come up in next two...

Retail leasing is sluggish but private equity players continue to be funding urban shopping

22 Jan 2020 7:08 PM IST

The reserves had increased by USD 1.832 billion to USD 442.583 billion. (Photo: PTI)Business
Forex reserves rise by USD 58 mn to record high of USD 461.21 bn

FCA decreased by USD 367 million to USD 427.582 billion, the RBI data released on Friday showed.

18 Jan 2020 11:08 AM IST

An investor monitors stock prices at a brokerage in Beijing. Asian stock markets on Friday, have followed Wall Street higher after China reported its economy grew by 6.1% in 2019 and Washington and Beijing signed an interim trade agreement. AP photoBusiness
China’s economy performance worst since 1990

The world-'s second-largest economy grew by 6.1 per cent last year, its worst performance since 1990

17 Jan 2020 11:59 AM IST

More than half of the companies that won bids said it was because they had goods or services no Chinese firm could provide, and the most represented industries overall were financial services, machinery, and logistics or transportation. (Representative image | AFP)Business
Lack of transparency in China’s Belt and Road projects: EU firms

Only 20 out of 132 firms polled said they have bid for projects under BRI, a global network of ports, railways, roads...

16 Jan 2020 3:33 PM IST

In this file photo taken on December 11, 2019 an oil tanker is docked at the port of Ras al-Khair, about 185 kilometres north of Dammam in Saudi Arabias eastern province overlooking the Gulf. - The Iran crisis had sparked supply worries over the Strait of Hormuz -- a vital shipping lane for a fifth of global oil -- and also over Iraqs output, analysts say. (Photo | AFP)Business
Tension but no shock on oil market: International Energy Agency

Ample stocks and production elsewhere mean the world is relatively well placed to react to a crisis, the IEA says

16 Jan 2020 3:10 PM IST

The barely two-year-old P2P lending market is estimated to be valued at more than Rs 300 crore. Since 2017, the Reserve Bank of India (RBI) has given approval to as many as 20 P2P firms. Four of these firms are based in Hyderabad.Business
RBI may put rate cuts on extended pause after spike in inflation

Economists said the MPC may watch for a possible reversal in food prices to see how inflation pans out in coming months.

15 Jan 2020 10:09 AM IST

The annual inflation, based on monthly wholesale price index (WPI), was at 3.46 per cent during the same month a year ago (December 2018).Business
WPI inflation surges to 2.59 per cent in December

The rate of price rise for food articles rose to 13.12 per cent during December as against 11 per cent a month earlier.

14 Jan 2020 12:35 PM IST

The barely two-year-old P2P lending market is estimated to be valued at more than Rs 300 crore. Since 2017, the Reserve Bank of India (RBI) has given approval to as many as 20 P2P firms. Four of these firms are based in Hyderabad.Business
Govt appoints Michael Patra as RBI Deputy Governor

Patra will serve as the deputy governor for three years from the time of his appointment.

14 Jan 2020 12:11 PM IST

Prices of cereals and products were also high at 2.16 per cent against 1.66 per cent a month ago.Business
Retail inflation rises to 5-year high of 7.35% while economic growth...

This is the highest retail inflation witnessed during the Narendra Modi government since 2014.

14 Jan 2020 1:03 AM IST

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