Economy and Policy

  • Far away from the glare of China's stock market chaos, stampede of sell orders and freeze on new listings, the spirit of free markets is alive and kicking right in the nation's capital. A small stock exchange set up in Beijing three years ago to attract small and medium-sized companies, the so-called New Third Board (NTB), …

  • Kolkata, July 30 (IANS) Despite a surge in its income, consumer products firm Colgate-Palmolive (India) Ltd on Thursday posted a decline of 15.3 percent in its net profit at Rs.114.28 crore for the first quarter of the current fiscal. The company's net income from operations in the quarter rose by 5.6 percent at Rs.1,010.15 …

  • Gold fell 1 percent on Thursday to a near a 5-1/2-year low as the dollar rose after data showed the U.S. economy improved in the second quarter, supporting views the Federal Reserve would lift rates by year-end. The U.S. Commerce Department said gross domestic product expanded at a 2.3 percent annual rate.

  • Parliament is unlikely to approve a landmark tax shakeup in its current sitting, a new setback for Prime Minister Narendra Modi's reform agenda that makes it harder to meet a deadline to launch the new levy by next April. Failure to pass the bill for a nationwide goods and services tax (GST) in the "monsoon" session will …

  • People are seen walking through Roosevelt Field shopping mall in Garden City, New York

    U.S. economic growth accelerated in the second quarter as solid consumer spending offset the drag from weak business spending on equipment, suggesting a steady momentum that could bring the Federal Reserve closer to hiking interest rates this year.

  • SJVNLA's Q1 profit up 25.53 percent IANS - 2 hours 59 minutes ago

    New Delhi, July 30 (IANS) With an increase in installed capacity, Satluj Jal Vidyut Nigam Ltd. (SJVNL) has recorded a 24.53 percent increase in net income during the first quarter of this fiscal, it was announced here on Thursday. It is presently generating 2,000 MW of electricity.

  • New Delhi, July 30 (IANS) American research firm Moody's Analytics, in a report on Thursday, warned against the NDA government's moves to tamper with the autonomy of the Reserve Bank of India in deciding on interest rates, as being potentially damaging for the economy. The government last week released the draft Indian …

  • U.S. stocks were set to open lower on Thursday after data showed that the U.S. economy grew at a slower-than-expected pace in the second quarter even as the Federal Reserve left doors open for a possible rate hike in September. Gross domestic product expanded at a 2.3 percent annual rate, the Commerce Department said, …

  • Hyderabad, July 30 (IANS) India's real estate market is in bad shape due to credibility crisis faced by the developers and overall macroeconomic scenario and the turnaround may not happen for one more year, said Knight Frank, the leading independent global property consultancy. Stating that all the major markets in India …

  • New Delhi, July 30 (IANS) Indian Railways on Thursday reported a further decline in its operating ratio (OR) to 91.3 percent from the budgeted target of 92.5 percent in 2014-15. According to the railway, the OR has significantly improved, as it has also beaten the revised target of 91.8 percent for 2014-15.

  • An investor stands in front of an electronic board showing stock information at a brokerage house in Fuyang

    HONG KONG/SHANGHAI (Reuters) - China shares fell again on Thursday after a report that banks were trying to get to grips with their financial exposure to the stock market slump in June, added to a pall of uncertainty for investors. Concerns about the level of borrowing to fund market positions have been magnified by the …

  • Chennai, July 30 (IANS) Three government-owned banks - Dena Bank, Bank of Baroda and Oriental Bank of Commerce on Thursday - declared lower net profit for the first quarter on 2015-16 as compared to corresponding quarter the previous year. In a regulatory filing in BSE, Dena Bank said it has posted a net profit of Rs.15.16 …

  • New Delhi, July 30 (IANS) Reliance Power on Thursday said it has filed a writ petition in the Delhi High Court, challenging the government's withdrawal of the Chhatrasal coal block for the company's Sasan ultra mega power project in Madhya Pradesh. The company has contended that prior to bid submission for the projects, …

  • Mumbai, July 30 (IANS) Clarity regarding P-Notes, the government's push for reforms and the expiry of July derivative contracts, coupled with the US Fed's decision to keep interest rates intact, buoyed ...

  • Bengaluru, July 30 (IANS) State-run Vijaya Bank on Thursday reported net profit of Rs.143 crore for first quarter of 2015-16 as against Rs.162 crore in same period of 2014-15, registering a 12 percent ...

More »