Economy

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…
Read More...

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…
Read More...

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…
Read More...

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…
Read More...

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…
Read More...

New Delhi: The Central Government has reconstituted the Economic Advisory Council to the Prime Minister (EAC-PM) for a period of two years with effect from September 26, an official release said. Dr. Bibek Debroy and Shri Ratan P. Watal…
Read More...

New Delhi: In a significant development, the Reserve Bank of India or RBI has put restrictions on the amount depositors of Mumbai-based Punjab and Maharashtra Cooperative Bank (PMC Bank) can withdraw from their accounts with the urban…
Read More...

New Delhi: In a major relief to the corporate sector, the government of India has slashed the Corporate Tax for Domestic Companies to 25.17 percent from the existing 30 percent. Finance Minister Sitharaman has announced that a domestic…
Read More...

New Delhi: Union Finance Minister Nirmala Sitharaman will hold a review meeting with public sector banks (PSBs) today to discuss a range of issues, including follow up on transmission of monetary policy rates. Besides, doorstep banking…
Read More...

Bhubaneswar: As the developing nations are staring at an imminent economic slowdown in the coming days due to various reasons, Odisha seems to be doing well and can weather the slowdown on its own with systematic management of resources and…
Read More...