IMF further slashes India's GDP forecast for 2022 to 7.4 pc
Jul 27, 2022, at 06:24 am
New Delhi: The International Monetary Fund (IMF) on Tuesday reduced India's gross domestic product (GDP) growth forecast to 7.4 percent in 2022 from 8.2 percent projected in April this year.
Rupee hits all-time low of 80 against US dollars
Jul 19, 2022, at 04:18 pm
Mumbai/UNI: The rupee hit an all-time low of 80 against the US dollars in further worry for the country's economy, media reports said.
India's services PMI on 11-year-high at 59.2 in June
Jul 05, 2022, at 07:29 pm
New Delhi/UNI: India's services PMI (purchasing managers' index) accelerated to over an 11-year-high at 59.2 in June from 58.9 in May on the back of sharp rise in new business and output, according to S&P Global survey released on Tuesday.
Volvo announces launch date of XC40 Recharge
Jul 05, 2022, at 12:47 am
Kolkata/IBNS: Volvo on Monday announced that it will launch XC40 Recharge on July 26, deliveries can be expected by the later part of Oct. this year.
India-EU conclude 1st round of negotiations over trade, investment
Jul 03, 2022, at 04:30 am
New Delhi/IBNS: India and the European Union concluded the first round of negotiations for India-EU Trade and Investment Agreements, including the Geographical Indicators (GI), in New Delhi last evening.
Mukesh Ambani ventures into F&B retail, brings London-based sandwich outlet Pret A Manger to India
Jul 02, 2022, at 07:34 pm
Mumbai/IBNS: Reliance Brands Ltd (RBL) has entered into a strategic partnership with Pret A Manger, a British sandwich and coffee chain, to launch and establish the brand in one of the biggest retail markets India.
India at low risk of stagflation owing to prudent policies: Finance Ministry
Jun 21, 2022, at 03:41 am
Delhi: India has to deal with multiple near-term challenges like managing its fiscal deficit, sustaining economic growth, reining in inflation and containing the current account deficit, and at the same time ensuring a fair value of its currency, the finance ministry said in its monthly economic report on Monday.
India's overall merchandise, services exports jump 24 percent in May
Jun 15, 2022, at 08:44 pm
New Delhi: India’s overall exports (Merchandise and Services combined) in May 2022 are estimated to be USD 62.21 Billion, exhibiting a positive growth of 24.03 per cent over the same period last year.
OECD cuts down India's FY23 growth to 6.9 pc amid inflation
Jun 10, 2022, at 06:31 pm
The organisation for Economic Cooperation and Development has slashed India's growth projection for this fiscal year (FY23) to 6.9 percent, down sharply from 8.1 percent estimated previously and the Reserve Bank's 7.2 percent anticipated rise.
Jun 10, 2022, at 02:13 am
New Delhi: Som Parkash, Minister of State for Commerce & Industry, today said the PM Gati Shakti National Masterplan will help achieve India’s aim of USD 5 Trillion economy.
India's bio-economy grew eight times in last eight years: PM Modi
Jun 09, 2022, at 06:51 pm
New Delhi/UNI: India's bio-economy grew eight times in the last eight years from 10 billion dollars to 80 billion dollars, Prime Minister Narendra Modi said on Thursday while inaugurating Biotech Startup Expo- 2022.
US becomes India's top trading partner, surpasses China
May 29, 2022, at 09:39 pm
New Delhi: The USA has surpassed China to become India's top trading partner in 2021-22, indicating a strengthening of bilateral ties between the two nations.
India will continue to allow wheat export to countries in need: Piyush Goyal in Davos
May 26, 2022, at 12:46 am
New Delhi/IBNS: India will continue to allow wheat export to countries in serious need, are friendly and have a letter of credit, Union Minister Piyush Goyal said while speaking at the World Economic Forum at Davos, Switzerland.
India, US sign investment incentive agreement in Tokyo
May 24, 2022, at 03:02 am
New Delhi/IBNS: The governments of India and of the United States signed an Investment Incentive Agreement (IIA) on Monday in Japan's Tokyo.
India gets the highest annual FDI inflow of USD 83.57 billion in FY21-22
May 20, 2022, at 11:00 pm
New Delhi: India has recorded the highest ever annual FDI inflow of USD 83.57 billion in the Financial Year 2021-22, as per data released by the Indian government on Friday.
Tata Power partners with Hyundai Motor India to power-up EV-charging Infrastructure in India
May 17, 2022, at 07:33 pm
Tata Power, one of India's largest integrated power companies and a leading EV charging infrastructure provider, has entered into a strategic partnership with Hyundai Motor India Ltd. (HMIL).
May 17, 2022, at 04:54 am
Kolkata/IBNS: The Ambassador of the Grand-Duchy of Luxembourg Peggy Frantzen highlighted green finance, space, Artificial Intelligence (AI), and health as potential areas of collaboration with India.
Global supplies and logistical bottlenecks have impacted prices in India: Rajnath Singh
May 15, 2022, at 04:09 am
Lucknow/UNI: Defence Minister Rajnath Singh on Saturday said that Russia-Ukraine conflict has affected the global supplies and has created a logistical bottleneck which has impacted the prices of commodities and as a result core inflation has increased slightly .
Is inking an FTA with India the best option for the Taiwanese semiconductor industry?
May 14, 2022, at 07:54 pm
Lacking labourers and manufacturing partners, the semiconductor industry from Taiwan has encountered a new dilemma. Could India as a manufacturing partner be the best pick for Taiwanese companies? Arpita Dutta writes for CommonWealth Magazine
India considering Preferential Trade Agreement with Oman: Piyush Goyal
May 13, 2022, at 04:55 am
New Delhi/IBNS: Union Minister of Commerce and Industry, Consumer Affairs, Food and Public Distribution and Textiles, Piyush Goyal on Thursday said that India was considering entering into a Preferential Trade Agreement (PTA) with Oman.
India's retail inflation soars to 7.79 pc in Apr
May 13, 2022, at 02:13 am
New Delhi: India's retail inflation jumped to 7.79 percent in April, mainly pushed by rising fuel and food prices, government data showed on Thursday.
India, Oman agree to early conclusion of MoUs, acceptance of Rupay card in Oman
May 12, 2022, at 07:06 pm
New Delhi: India and Oman Wednesday held the 10th Joint Commission Meeting here, where they agreed on the early conclusion of all MoUs and Agreements, including on double taxation avoidance agreement, a bilateral Investment Treaty, and acceptance of the Rupay card in Oman.
India: Omega Healthcare plans to hire 18,000 personnel in next one year for expanding operation
May 10, 2022, at 03:58 am
Hyderabad/UNI: Omega Healthcare, provider of revenue cycle management, business process and other healthcare support services, Monday announced plans to hire 18,000 personnel in the next one year to expand its operations across the country.
India's GDP to hit $5 trillion in FY29
May 05, 2022, at 02:10 am
India will become a $5 trillion economy only by 2029, four years later than the target set by Prime Minister Narendra Modi.
Amazon doubles exports pledge, to now enable $20 billion in exports from India by 2025
May 04, 2022, at 10:36 pm
Kolkata/UNI: Amazon on Wednesday unveiled the Exports Digest 2022 and announced that cumulative exports by Indian exporters on the Amazon Global Selling program are on track to surpass the $5 billion milestone.
India's manufacturing PMI rises to 54.7 in April: S&P Global
May 02, 2022, at 07:07 pm
New Delhi/UNI: On the back of accelerated expansions in new orders and production, India's Manufacturing Purchasing Managers' Index (PMI) rose to 54.7 in April from 54 in March reflecting a solid and faster improvement in operating conditions across the sector, according to a private survey released on Monday.
India-UAE Comprehensive Economic Partnership Agreement (CEPA) enters into force
May 01, 2022, at 11:58 pm
New Delhi: The India-UAE Comprehensive Economic Partnership Agreement (CEPA) which was signed between the two nations on February 18, 2022, officially entered into force today,
Apr 27, 2022, at 05:43 pm
New Delhi/San Francisco/UNI: Addressing investors and business leaders in Silicon Valley, California as part of her official visit to the US, Finance Minister Nirmala Sitharaman on Wednesday said that she is open to receive suggestions, understand pain points and offer necessary redressal wherever possible.
FM Sitharaman woos investors in US, urges them to become part of India's growth story
Apr 26, 2022, at 05:00 pm
New Delhi/San Francisco/UNI: On an official visit to the US, Union Finance Minister Nirmala Sitharaman on Tuesday attended a roundtable meeting with business leaders and investors in San Francisco and invited them to become part of India's growth story.
What you need to know to start online gambling business in India?
Apr 21, 2022, at 04:57 pm