Economy

Gurgaon: Zomato, one of the largest food apps in India, announced today that it has acquired Uber’s food delivery business in India in an all-stock transaction, which gives Uber 9.99% ownership in Zomato. Deepinder Goyal, Founder and…
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New Delhi: The combined total wealth of 63 Indian billionaires is higher than the total Union Budget of India for the fiscal year 2018-19 which was at Rs 24,42,200 crore, revealed a new report from Oxfam ahead of the World Economic Forum…
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New Delhi: In yet another embarassment data for the Modi Government on economic front, the retail inflation rate in December has jumped to 7.35 percent from 5.54 percent in November, according to data released by the Central Statistics…
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Mumbai: In a major blow to the reputation of India’s largest public sector bank, State Bank of India (SBI) has under-reported bad loans by ₹11,932 crore in FY19, a Reserve Bank of India (RBI) risk assessment report said. The central bank…
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New Delhi: Much to the disappointment to the Modi government, the economic growth took a plunge to 4.5%, its slowest pace in more than six years in July-September period, official data showed on Friday. The Gross Domestic Product (GDP)…
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New Delhi: Global sales of smartphones to end users continued to decline in the third quarter of 2019, contracting by 0.4% compared with the third quarter of 2018, according to Gartner, Inc. Demand remained weak as consumers became more…
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New Delhi: Car sales in India were down 6.34% to 1,73,649 units during October 2019, sales of Utility Vehicles was up 22% to 1,00,725 units. Van sales declined 35% to 10,653 units, according to data released by the Society of Indian…
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SBI Mutual Fund is the asset management company associated with State Bank of India. SBI Mutual Fund has a variety of mutual funds. How diverse are SBI Mutual Fund’s schemes? The schemes that SBI mutual funds offer include large cap, small…
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With the global economy in the grips of a “synchronized global slowdown” — that will result in slower growth for 90% of the world this year — the effect will be more pronounced in some of the largest emerging economies like India, the new…
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New Delhi: The Reserve Bank of India has cut the Repo Rate by 25 basis points, taking it down from 5.40% to 5.15%. The Reverse Repo Rate will also get adjusted to 4.90% and bank rate at 5.40 %, accordingly. The Monetary Policy Committee in…
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