economy

SynopsisMoney is on the threshold of momentous change. Digital currencies may replace the very nature and capabilities of money. But rather than leading to a proliferation of private and official currencies that compete on a level…

They were supposed to bring order to India’s chaotic road-logistics space, rein in the dodgy brokers, and offer value to both truckers and the shippers. And they had a recipe for success – founders who could think out of the box, solid…

NEW DELHI: India is taking steps to harness the huge potential of artificial intelligence(AI) in developing futuristic weapon systems as well as in other sectors, defence minister Rajnath Singh said on Monday, while also stressing the…

Workers demand unpaid wages in Rieti, Italy, in April 2022.SynopsisEurope is staring at a lost decade. While the Russia-Ukraine war has resulted in higher food and fuel prices, the delay in labour-market reforms is hampering job…

It is rare for the currency of a $3-trillion economy to lose half a percentage point in one trading day against the dollar. But 2022 has been one such rare year of superlatives – both for the amplitude in daily currency movements and net…

High inflation has impacted consumption of both essentials and non-essentials, which continued to dip in the month of June, with overall household expenses showing the highest dip in the last three months. According to Axis My India’s…

Investors reeling from the brutal emerging markets selloff over the past six months again fled the rupee as India’s currency hit new lows, prompting the government to curb gold imports and oil exports to arrest a widening deficit. The…

Prime Minister Narendra Modi on Friday hailed the role of chartered accountants in the economy and hoped that they keep working hard in furthering growth and transparency. His remarks came on Chartered Accountants' Day that is observed…

While keeping land & immovable property and electricity outside the purview of the Goods and Services Tax (GST) has impaired its construct, a series of steps taken after the legislation’s July 2017 launch, including addition to the…

The deal activity in the infrastructure space in India saw a sharp rise in the month of May while new investments announced rose by 38.3% on a year-on-year basis, data shows. As per a report by research firm Nomura, a flurry of deal…