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India pays its third largest oil supplier in euros using European banking channels and imports.

Oil dips as US, China trade dispute expected to stall economic growth

US crude oil exports to China, seen as a tool to reduce America's trade deficit with Asia's biggest economy.

10 Aug 2018 9:17 AM IST

GST on more items to be slashed as revenue increases: Piyush Goyal

GST Council has reduced rates on many items and services in last round. We want consumer to be burdened less by indirect...

9 Aug 2018 7:34 PM IST

Congress leader P. Chidambaram speaks during a press conference at AICC Headquarters in New Delhi on Sunday. (Photo: Asian Age)

Congress slams government over slow growth

Chidambaram made several comparisons between the Congress and BJP governments.

20 Aug 2018 12:44 AM IST

President Donald Trump speaks before signing a USD 716 billion defense policy bill named for Senator John McCain Monday, in Fort Drum, New York on Monday. (Photo: AP)

Trump team predicts an economic boom, defying most analysts

Yesterday, President Donald Trump's chief economic adviser made his case for the boom.

17 Aug 2018 11:52 AM IST

Economic affairs secretary S.C. Garg said that robust performance in Q1 gives hope that growth could exceed even estimates of 7.5% for the year as whole. (Representational Image)

Growth in economy hits near 2-year high

Low base in FY18 helps post 8.1% Q1 growth, says expert.

1 Sept 2018 12:12 AM IST

CAIT demanded immediate action against policy defaulter e-commerce companies and impose ban on working of their portal.

E-commerce to cross $100billion by 2022, says study

As a result, the industry is seeing a growing focus on customer experience, thereby taking e-commerce beyond just...

8 Sept 2018 2:05 AM IST

CAIT demanded immediate action against policy defaulter e-commerce companies and impose ban on working of their portal.

India's e-commerce market to surpass USD 100 billion by 2022: report

The e-commerce market is worth about USD 35 billion at present.

7 Sept 2018 5:50 PM IST

The government aims to contain the fiscal deficit for FY18 to 3.2 per cent of the GDP, and 3 per cent in FY19.

Govt determined to contain fiscal deficit at 3.3 per cent

The official said a depreciating rupee and high crude import bill would definitely put pressure on the country's current...

13 Sept 2018 12:49 PM IST

RBI kept interest rates unchanged despite calls for lowering it while it slashed the economic growth projection by half a per cent to 7.1 in the first policy review post demonetisation.

India's economic growth to slow in second half of this fiscal: UBS

The Indian economy grew at a two-year high of 8.2 per cent in the April-June quarter of current fiscal.

10 Sept 2018 5:44 PM IST

The rating for the Model 3, which is lower priced than earlier Tesla models and aimed at giving the Silicon Valley automaker mass market appeal, was part of magazines annual survey of new vehicle reliability.

Low interest rates spawn rise in number of zombie firms

Economists generally define a zombie firm as one that is at least 10 years old but is not to cover its debt servicing...

24 Sept 2018 7:41 AM IST

Covid19 hit South Asia very hard, worst economic performance in 40 years says World Bank. (PTI Photo)

World Bank estimates worst economic slump in South Asia

The dire economic effects are already much in evidence, with widespread lockdowns freezing most normal activity

12 April 2020 9:57 AM IST

The global economy is expected to slump into recession in 2020 says RBI. (PTI Photo)

Virus has sharply altered India's economic recovery: RBI

India's economy expanded at its slowest pace in more than six years in the last three months of 2019

10 April 2020 12:18 PM IST