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For over a year, India had been the fastest growing economy, second only to China. This has now changed.

India to hold top spot for economic growth but oil poses risk: reports

India retail inflation to average 4.9 per cent in the year ending March 2019, up from 4.7 per cent

25 July 2018 9:48 AM IST

RBI Governor Urjit Patel, will announce the resolution of the MPC on its first bi-monthly monetary policy for financial year 2018-19 later in the day.

RBI has broad powers to address banking issues'

Powers of RBI are wide-ranging and comprehensive to deal with various situations that may emerge in all banks.

25 July 2018 8:45 AM IST

Nirav Modi and Mehul Choksi are accused in the fraudulent issuance of LoUs and Letters of Credit (LCs) worth USD 2 billion by the PNB. (Photo: File)

PNB fraud defendant Mehul Choksi fears 'mob lynching' in India

The recent trend of mob lynching is growing , Choksi's lawyer said in the application.

24 July 2018 12:14 PM IST

The US economy may be basking in the warm glow of solid growth, but economists are nervously eyeing a trend in the bond market that could spell stormy weather ahead.

10 major economies of Asia to surpass US in terms of GDPâ€ˆby 2030

Growth for India and 9 other economies together will amount to $28.35 trillion in real GDP terms.

23 July 2018 10:30 AM IST

The Chinese delegation did not speak to media at the G20 meeting. (Photo: Twitter.com)

G20 calls for stepped-up trade dialogue; no agreement on path forward

G7 allies were taking seriously his calls to eliminate tariffs, non-tariff barriers and subsidies among the group.

23 July 2018 8:43 AM IST

Billionaire jeweller Nirav Modi has refused to join the CBI investigation in the $2 billion fraud in Punjab National Bank.

Nirav Modi scam: PNB, Allahabad Bank to decide on further action

CBI filed charge sheet in May pointed involvement of top officials of banks.

22 July 2018 6:15 PM IST

Chinas foreign exchange reserves rose slightly in March as broad U.S. dollar weakness continued.

Rupee recovers from record lows, up 9 paise against US dollar

The rupee is under pressure amid rising crude oil and higher inflation.

20 July 2018 12:16 PM IST

Standard and Poors

Higher interest rate in US, trade issues pose capital flight risk for...

Trade growth looks robust, but higher oil prices are hurting the overall external balance.

20 July 2018 10:44 AM IST

Kotak Mahindra reported almost fourfold jump in net profit to Rs 741.97 crore in the first quarter ended June of current fiscal.

Kotak Mahindra Bank Q1 net profit up 12 per cent to Rs 1,025 crore

The bank's net profit stood at Rs 912.73 crore in the corresponding period of 2017-18.

19 July 2018 2:39 PM IST

Asian Development Bank, ADB, plans to raise its annual lending to India. )Photo: AFP)

ADB maintains 2018, 2019 GDP growth forecasts for developing Asia

Asian Development Outlook kept its 2018 and 2019 economic growth estimates for the region at 6.0 per cent and 5.9 per...

19 July 2018 9:55 AM IST

Despite IMFs downward revision of Indias growth rate and a slight upward revision of Chinas growth projections, India continues to be the fastest growing countries among emerging economies.

India's growth remains quite robust into future: IMF

The general tightening in global financial conditions is playing a role in affecting India's growth.

18 July 2018 11:01 AM IST

Employee unions of banks and state-run insurance companies will stage a sit-in at Azad Maidan in the city tomorrow to protest against privatisation of banks, allowing foreign direct investment (FDI) in the insurance sector and to expedite wage revision.

Rs 11,336 crore to be infused in 5 PSU banks

Out of Rs 1.35 lakh crore, the govt already infused about Rs 71,000 crore through recap bonds in banks.

18 July 2018 9:03 AM IST