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Indias forex reserves have shot up considerably.

Business

India's forex reserves up by USD1.99 billion to USD 419.99 billion

The overall reserves had declined by USD 2.05 billion to USD 417.99 billion in the previous reporting week.

31 May 2019 6:47 PM IST

The Indian rupee is totally correlated to the crude prices and as long as the crude remains above $70, the rupee will hold weak.

Business

Rupee snaps 3-day losing streak; settles 17 paise against dollar

The local unit opened at 69.78 a dollar and during the day it touched a low of 69.92 and high of 69.68.

31 May 2019 6:19 PM IST

Productivity in British low-paid jobs lags 20 to 30 per cent behind equivalent roles in Germany, France, the Netherlands and the United States.

Business

Unemployment rate at 6.1 per cent in 2017-18, confirms govt data

The joblessness among male on all India basis was 6.2 per cent, while it was 5.7 per cent in case of females.

31 May 2019 6:13 PM IST

Growth in the eight core sectors during April-September this fiscal slowed down to 3.3 per cent as against 5.4 per cent in the same period last fiscal.

Business

Growth of core sector industries slows to 2.6 per cent in April

Infrastructure sector growth has impact on the IIP as these segments account for about 41 per cent of the total factory...

31 May 2019 6:05 PM IST

Indias GDP growth forecast for the current fiscal to 7 per cent from 7.4 per cent.

Business

GDP growth slows to five-year low at 5.8 per cent in January-March

GDP growth during 2018-19 fiscal stood at 6.8 per cent, lower than 7.2 per cent in the previous financial year.

31 May 2019 6:00 PM IST

For FY 18, the fiscal deficit target was supposed to be 3 per cent but it may choose the upper band of 3.5 percent in the Union Budget.

Business

Fiscal deficit lower at 3.39 per cent in 2018-19

Fiscal deficit at the end of March 31, 2019, stood at Rs 6.45 lakh crore as against Rs 6.34 lakh crore.

31 May 2019 5:52 PM IST

With cash still being the preferred mode of payment, Bharat is a far cry from a cashless economy. (Representational Image)

Business

India's digital economy seen at USD 1 trillion by 2025: Official

By 2025, India is poised to reach USD five trillion economy over all.

31 May 2019 5:47 PM IST

BJP leader and Union minister Nirmala Sitharaman told reporters that elections in six of the nine seats, which have undergone elections on Sunday, were marred by violence. (Photo: ANI twitter)

Business

Nirmala Sitharaman appointed Finance minister, breaches largely male...

Sitharaman took over as Defence minister in September 2017, taking over from Arun Jaitley.

31 May 2019 5:45 PM IST

Prime Minister Narendra Modi (Photo: PTI)

Business

India's economy seen limping behind China as Modi begins second term

A Reuters survey of economists forecast growth slipped to 6.3 pc annually in the quarter ending in March.

31 May 2019 5:17 PM IST

$TheMathCompany to grow and expand their reach to customers around the world\, said Arihant Patni an Entreprenuer, Venture Capitalist.$ Business

TheMathCompany to expand its global presence with funding from Arihant...

TheMathCompany works with over 30 fortune 500 clients and is one of the fastest growing Artificial Intelligence, machine...

31 May 2019 5:02 PM IST

Shares of HCL Infosystems on Tuesday surged 18 per cent after the company said it will distribute Apple products in Indian market.

Business

HCL Infosystems reports revenue of Rs 4,340 crore in FY19

The loss before interest, tax and exceptional items narrowed to Rs 25.6 crore in FY19 versus Rs 35.5 crore in FY 18.

31 May 2019 4:30 PM IST

1,500 points swing was recorded in Sensex before it settled the day at 279.62 points, or 0.75 per cent lower at 36,841.60.

Business

Sensex trips 118 points; auto, financial stocks drag

After gyrating nearly 750 points, the 30-share index settled 117.77 points, or 0.30 per cent, lower at 39,714.20.

31 May 2019 4:28 PM IST