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Economy

Latest News on Economy
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Crunch week as Fed meets on rates, Trump...

Crunch week as Fed meets on rates, Trump team joins G20

LONDON (Reuters) – After a year that tipped conventional wisdom on its head, the coming week might suggest a return to some sort of normality for the global economy — or instead take investors into a whole new round of uncertainty. ... read more »

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Some bank bulls grow wary on policy unce...

Some bank bulls grow wary on policy uncertainty

(Reuters) – Bank shares have been the runaway winners of the post-election U.S. stock market boom as investors wagered that higher interest rates, lighter regulation, lower taxes and faster economic growth would boost profits for lenders. ... read more »

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State-owned carrier Air India understate...

State-owned carrier Air India understated losses – CAG

NEW DELHI (Reuters) – India’s state-owned airline Air India understated its operating losses by nearly $1 billion over three fiscal years to March 2015, the federal auditor said in a report, highlighting the carrier’s financial distress. ... read more »

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India’s Avenue Supermarts IPO over...

India’s Avenue Supermarts IPO oversubscribed 106 times

MUMBAI (Reuters) – The last day of bidding for an initial public offering (IPO) by India’s Avenue Supermarts Ltd saw investors clamouring for the shares, tempted by the company’s strong credentials and with a continued momentum from recent share offerings. ... read more »

More from Economy

BRICS bank to start lending in local currency by April

The New Development Bank (NDB), set up by five BRICS nations including India, will start lending in local currency by April next year and member countries will primarily be the focus of... read more »

Withdrawing Money From ATMs Outside Home Branch Network May Cost You

The Reserve Bank of India is considering if banks can charge a fee for using automated teller machines (ATMs) to withdraw money from outside the home bank network. Home bank network means... read more »

Rupee down 12 paise on dollar demand

Rupee hits three-week high

The rupee rises to 60.12/13 from 60.31/32 on Wednesday, after earlier rising as high as 60.09, a level last seen on April 10. USD/INR was under pressure as month-end dollar buying by oil... read more »

indias $ 325 billion of exports Targe Will be not completed this year:FIEO

New delhi – India ‘s export target of $ 325 billion in the current financial year will not be achieved . Federation of Indian Export Orgnaijeshns ( FIEO ) said the... read more »

GDP growth to persist in 4.5-5% range in 2014: Nomura

The economy is unlikely to see any  major pick in 2014 and may end up with about just 4.5-5 per cent growth due to the ongoing fiscal and monetary policy tightening, says a report. “GDP... read more »