Indian Rupee down by 26 paise against USD
Jul 07, 2020, at 03:31 pm
Mumbai/UNI: The Rupee on Tuesday tumbled down by 26 paise to end negative at 74.93 against the US Dollar on rising demand for US Dollar by bankers and importers, dealers at the Forex Market said.
Indian Rupee falls by 9 paise against USD
Jul 01, 2020, at 04:38 pm
Mumbai/UNI: The Rupee on Wednesday slipped by nine paise to 75.59 against the US Dollar on rising demand for US Dollar by bankers and importers, dealers at the Forex Market said.
June GST collection stands at Rs. 90,917crore
Jul 01, 2020, at 04:31 pm
New Delhi/IBNS: The gross GST revenue collected in the month of June, 2020 is Rs. 90,917crore of which CGST is Rs. 18,980crore, SGST is Rs. 23,970crore, IGST is Rs. 40,302crore (including Rs. 15,709crore collected on import of goods) and Cess is Rs.7,665 crore (including Rs. 607crore collected on import of goods).
Indian Economy: Eight Core Industries growth for May decline by 23.4 pc
Jun 30, 2020, at 05:58 pm
New Delhi/UNI: The growth rate of Index of Eight Core Industries for May contracted by 23.4 per cent compared to decline of 37 per cent in the previous month, the government said on Tuesday.
Honda commences deliveries of 2020 Africa Twin Adventure Sports in India
Jun 29, 2020, at 11:42 pm
New Delhi/IBNS: Taking the spirit of #TrueAdventure beyond, Honda Motorcycle & Scooter India Pvt. Ltd. on Monday commenced the deliveries of 2020 Africa Twin Adventure Sports. he first customer was handed over the key of his all-new 2020 Africa Twin Adventure Sports at Honda’s exclusive premium big-bike dealership - the Honda BigWing in Gurugram, Haryana.
India-China border conflict: Maharashtra freezes three Chinese projects
Jun 22, 2020, at 11:47 am
Mumbai/IBNS: Amid the growing anti-China sentiment and call for boycott of Chinese goods in the country, the Maha Vikas Aghadi government has frozen three Chinese projects worth Rs. 5,000 crore, media reports said.
Unlock 1.0: Retailers indicate sales degrowth of 64 percent
Jun 21, 2020, at 08:35 pm
Kolkata/UNI: Lockdown relaxations did not benefit retailers as there was no significant surge in their business, according to a recent survey conducted by the Retailers Association of India (RAI) with more than 100 big and small retailers.
Amid growing anti-China sentiment, Oppo cancels 5G phone live launch in India
Jun 18, 2020, at 02:13 pm
Mumbai/IBNS: As the anti-China sentiment is growing massively in India following the standoff between the soldiers of the two nations in the border, mobile phone company Oppo cancelled the live launch of its 5G phone in the South Asian country, media reports said.
Rupee ends by 6 paise rise against USD
Jun 17, 2020, at 04:42 pm
Mumbai/UNI: The Rupee on Wednesday rose marginally by six paise to end positive at 76.15 against the US Dollar on selling it by bankers and exporters, dealers at the Forex Market said.
GST Council meet: No late fee for GST returns filing for entities with nil tax liability
Jun 12, 2020, at 04:55 pm
New Delhi/IBNS: Union Finance Minister Nirmala Sitharaman on Friday chaired the crucial 40th GST Council meeting where it was announced that there will be no late fee for delayed filing of GST returns by registered entities with nil tax liability between July 2017 to January 2020.
Amazon in talks to buy $ 2 billion stake in Bharti Airtel :Report
Jun 04, 2020, at 11:37 pm
Mumbai/IBNS: After Facebook acquired 9.99% in Reliance Jio in a bid to grab a lion's share of India's booming digital economy, Amazon.com is also on its way to purchase approximately 5% stake in Bharti Airtel, for which the talks are still in preliminary phase, reported Reuters.
Moody's downgrades India's rating to Baa3. Check how business community reacted
Jun 02, 2020, at 08:04 pm
New Delhi/Mumbai/IBNS: For the first time in more than two decades, Moody's Investors Service, which is the bond credit rating business of Moody's Corporation, has downgraded India's rating from 'Baa2' to 'Baa3' besides estimating the country's Gross Domestic Product (GDP) to shrink by 4 per cent.
Rs 50,000 cr worth 3 schemes launched to make India self-sufficient in electronic products
Jun 02, 2020, at 03:54 pm
New Delhi/UNI: The government on Tuesday announced three new schemes at a cost of about Rs 50 thousand crore with the aim of making the world's top country in mobile phone production, as well as to speed up the production of electronic products.
May 29, 2020, at 08:01 pm
Kolkata/IBNS: Kolkata-based Bengal Chamber recently organized an online panel discussion on "COVID-19 - The Changing Landscape of India's Financial Sector - What Lies Ahead" to focus on the new era banking role, strategies for empowering small players, mutual funds and understanding market, health insurance, general insurance and life insurance strategies in the pandemic affected world.
Lockdown: India’s Core sector output contracts by 38.1 pct in April
May 29, 2020, at 06:02 pm
New Delhi/IBNS: Reflecting the impact of the nationwide lockdown to fight against COVID-19, production output of eight core industries shrunk by -38.12 in April 2020%, as per data released by the Indian government on Friday.
Nirmala Sitharaman starts her third press briefingÂ
May 15, 2020, at 04:18 pm
New Delhi/IBNS: Indian Finance Minister Nirmala Sitharaman on Friday is addressing her third press conference on providing details about the economic package announced by PM Narendra Modi this week during his national address.
Nirmala Sitharaman to address her third press conference today
May 15, 2020, at 10:27 am
New Delhi/IBNS: Indian Finance Minister Nirmala Sitharaman will address a press conference for the third time on Friday.
FM Nirmala Sitharaman begins her briefingÂ
May 13, 2020, at 04:14 pm
New Delhi/IBNS: Indian Finance Minister Nirmala Sitharaman has started briefing the nation about the details of the Rs. 20 lakh crore economic stimulus package announced by Prime Minister Narendra Modi during his 33-minute address to the nation last night.
May 12, 2020, at 05:45 pm
New Delhi/IBNS: India enjoys 18 per cent share in Tanzanian imports and 14 per cent share in Tanzanian exports, said Sanjiv Kohli, High Commissioner to Tanzania, in an interactive webinar on 'India-Tanzania Business Promotion, Challenges and Opportunities – Post COVID19'.
India signs $1.5 billion loan with ADB to support India’s COVID-19 immediate response
Apr 28, 2020, at 05:54 pm
New Delhi/IBNS: The Government of India and the Asian Development Bank (ADB) today signed a $1.5 billion loan that will support the government’s response to the novel coronavirus disease (COVID-19) pandemic, focusing on immediate priorities such as disease containment and prevention, as well as social protection for the poor and economically vulnerable sections of the society, especially women and disadvantaged groups.
Apr 26, 2020, at 11:35 pm
New Delhi/IBNS: Union minister Nitin Gadkari has said Indian manufacturers can take advantage of the current anti-Chinese sentiments by manufacturing items for which India is largely dependent on Chinese imports, media reports said.
Apr 18, 2020, at 06:23 pm
New Delhi/IBNS: The Government of India has reviewed the extant Foreign Direct Investment(FDI) policy for curbing opportunistic takeovers/acquisitions of Indian companies due to the current COVID-19 pandemic and amended para 3.1.1 of extant FDI policy as contained in Consolidated FDI Policy, 2017.
Sugar prodcution in India drops as of April this year compared to same period last year
Apr 16, 2020, at 04:15 pm
New Delhi/IBNS: Sugar mills across India have produced 247.80 lakh tonnes of sugar as of April 15, 2020, which is nearly 64 lakh tonne less compared to 311.75 lakh tonnes produced at the same time last year, according to a press release by Indian Sugar Mills Association (ISMA), a group consisting of stakeholders of the country's sugar industry.
USFDA clears manufacturing plants of India's leading drug companies in 10 days
Apr 15, 2020, at 01:37 pm
Washington/Mumbai/IBNS: The US Food and Drug Administration (USFDA) has cleared the manufacturing plants of India's leading drug companies in 10 days, media reports said.
Raghuram Rajan ready to help India as country stares at post-COVID-19 economic crisis
Apr 11, 2020, at 02:19 pm
New Delhi/IBNS: Days after giving suggestions to the Narendra Modi government on how to tackle the post-Coronavirus economic situation, former Reserve Bank of India (RBI) governor Raghuram Rajan said he was ready to help India as the vast country of 1.3 billion people is staring at a financial crisis once the threat of COVID-19 retreats.
Godrej Material Handling launches the new Bravo Electric Three-Wheel Forklift
Apr 10, 2020, at 07:57 pm
Mumbai/IBNS: Godrej Material Handling (GMH), a business unit of Godrej & Boyce Mfg. Co. Ltd, has announced its foray into the 3-wheel electric forklift truck segment.
India's growth to slow to 4 percent in FY2020, recover to 6.2% in FY2021
Apr 03, 2020, at 05:15 pm
Manila/IBNS: The Asian Development Bank (ADB) projects India’s gross domestic product (GDP) will slow to 4.0% in fiscal year (FY) 2020 ending on 31 March 2021 due to a weak global environment and continued efforts to contain the novel coronavirus (COVID-19) outbreak in the country. The forecast assumes that the pandemic dissipates and full economic activity resumes from the second quarter of FY2020.
Apr 01, 2020, at 02:02 pm
Rome/Kolkata: Several companies from Italy – one of the nations worst-hit by the Covid 19 pandemic and a resulting dismal economy – are looking forward to furthering their business with India when life returns to a normal pace, according to Italy-based ArtValley, which hosts projects and international forums for the promotion of specific cultural and geo-political initiatives.
COVID-19 impact: Recession to hit developing nations, may spare India and China, says UN report
Mar 31, 2020, at 06:32 pm
New York/IBNS: The world economy will go into recession this year with a predicted loss of global income in the trillions of dollars, causing serious trouble for developing countries, with the likely exception of China and the possible exception of India, as per a UN trade report released on Monday.
Indian financial year not being extended: Indian Government
Mar 31, 2020, at 09:52 am
New Delhi/IBNS: Refuting media reports, the Ministry of Finance has said India's financial year has not been extended till June this year when the nation is fighting against the COVID19 outbreak.