BRICS Business Forum: 'India world's most open, investment friendly economy,' says PM Modi at summitIndia is the world's most \"open and investment friendly\" economy, Prime Minister Narendra Modi said in Brasalia on Thursday as he wooed the BRICS business leaders, urging them to invest in the country and take advantage of its \"limitless\" possibilities and \"countless\" opportunities. Addressing the closing ceremony of the BRICS Business Forum, prime minister Modi said the group...

The SBI report has also cut GDP forecast for FY20 to 5 per cent from 6.1 per cent earlier, but expects growth rate to pick up pace in FY21 to 6.2 per cent

US court retains work permits for H-1B visa holders' spousesIn a temporary respite to Indians living in America, the proposed work ban on spouses and relatives of H-1B visa holders will not be enforced for the time being. A US court has refuse to reverse, for now, a 2015 rule issued by former (US) President Barack Obama that permits spouses of H-1B visa holders to work in America.Saudi Aramco IPO to begin on Nov 17; prospectus flags terrorism, antitrust law as risksSaudi state oil...

After falling nearly 9% in 2018, the Indian currency has shed another 4% this year to touch a 2019 trough of 72.40 per dollar on Sept 3

India is somewhat lacking in a programme on G20 data initiative on fiscal transparency where comparative countries have all made greater progress, says IMF Deputy Director Anne-Mary Gulde

McDonald's dismisses CEO over consensual relationship with employeeMcDonald's Corp dismissed Chief Executive Steve Easterbrook over a recent consensual relationship with an employee, which the board determined violated company policy, the fast-food giant said on Sunday. The board found that Easterbrook, 52, who had led McDonald's since 2015, had \"demonstrated poor judgment\" involving the relationship, McDonald's said in a news release. Easterbrook relinquished his seat on the co...

WhatsApp Payments' launch has been delayed owing to data compliance concerns and regulatory norms even though it has for long been in the process of testing the payments service in India

As per the World Gold Council's data, India has 618.2 tonnes of gold as holdings, which is 6.9 per cent of the share held in gold in total foreign reserves

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Remarkable improvements in social and economic status of the rural poor in the past few years have put the country on a higher growth trajectory and ensured that growth does not breed inequality

Net collection of both direct and indirect taxes has seen a significant decline; lower tax collection means the Centre may fail to meet its fiscal deficit target of 3.3 per cent of the GDP 

Job growth improves in May-August; low-skilled jobs dominate: CMIEDespite ongoing economic slowdown, India's employment figures have remained steady during recent months. Employment in India increased by 25 lakh from May to September 2019, according to a Centre for Monitoring Indian Economy (CMIE) survey. As per CMIE data, an estimated 40.49 crore persons were employed in India during May-August 2019, compared to 40.24 crore people employed during these months a year-ago. This tra...

'We took this step to help keep the economy strong in the face of global developments and to provide some insurance against ongoing risks,' said Fed Chair Jerome Powel.

Why India dithers on the mega trade deal

Even though Gangwal stands on thin ice if the powers entrusted in the shareholders' agreement are considered; Bhatia has much more to lose if this matter escalates further

Much like China and other Asian giants - but unlike India - Bangladesh has achieved structural transformation with manufacturing and exports driving its growth in output (GDP) and employment

The National Payments Corporation of India (NPCI) which launched the domestic payments platform three years ago and operates it as well aims to take the fund transfer system to other countries such as Singapore and the United Arab Emirates (UAE).

Innovations in financial sector and openness and improvements in governance structures can help India achieve Prime Minister Narendra Modi's goal of $5 trllion economy target, says David Malpass, president, World Bank Group

FPIs have been net buyers for the second consecutive month. In September, FPIs invested a net Rs 6,557.8 crore in the domestic capital markets (both equity and debt).