Economy News

RBI fixes 7.18% coupon rate on new 10-year government bond

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The previous 10-year bond rate was 7.26%.

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• IIFL News Service |
• 11 August, 2023 |
• 7:25 PM

3 RBI announcements that will amp up UPI, UPI Lite game; here’s all you nee...

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Users of both smartphones and feature phones-based UPI channels could be able to benefit from this feature.

• India Infoline News Service |
• 10 August, 2023 |
• 7:24 PM

RBI introduces offline payment facility for UPI users

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The introduction of conversational payments via UPI is a pivotal step for the Indian economy.

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• IIFL News Service |
• 10 August, 2023 |
• 7:24 PM

India’s FDI inflows fall for the first time in a decade – What does it mean...

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Gross FDI inflow came down y-o-y by 16% to $71 billion in FY 23.

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• IIFL News Service |
• 24 May, 2023 |
• 5:32 PM

US Federal Reserve finally adopts a moderate tone

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A welcome relief for Indian and world economy.

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• IIFL News Service |
• 04 May, 2023 |
• 5:02 PM

India’s unemployment rate touches 4 month high in April

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Unemployment rate at 8.11% in April, according to CMIE.

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• IIFL News Service |
• 03 May, 2023 |
• 5:01 PM

RBI increases its gold holdings significantly

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Central banks bought 1,136 tonnes of gold in 2022.

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• IIFL News Service |
• 25 April, 2023 |
• 4:50 PM

What does Goldman Sachs’ March quarter result indicate?

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Investment banking revenues went down by 21%, as mergers & acquisition activity touches rock bottom.

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• IIFL News Service |
• 21 April, 2023 |
• 4:44 PM

India’s passenger vehicle sales up by 26.7% , y-o-y , in FY 23

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Domestic passenger vehicle sales in March stood at 2,92,030 units.

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• IIFL News Service |
• 13 April, 2023 |
• 4:32 PM

India's finished steel products exports at 1.98 million tonnes in March qua...

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Exports of finished steel products at just two-third of exports in the March quarter of the previous year.

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• IIFL News Service |
• 12 April, 2023 |
• 4:30 PM