India and the Dominican Republic sign protocol to create Joint Economic and Trade Committee
Mar 14, 2024, at 04:32 am
New Delhi: India and the Dominican Republic Tuesday signed the protocol for the creation of the Joint Economic and Trade Committee (JETCO).
India's UPI is now accepted in Nepal
Mar 10, 2024, at 12:16 am
NPCI International Payments Ltd (NIPL), the international arm of National Payments Corporation of India (NPCI) and Fonepay Payment Service Ltd, Nepal’s payment network, have announced that Unified Payment Interface (UPI) is now live for cross-border transactions between India and Nepal.
India maintains its status as the world’s fastest-growing economy with 8.4 pct growth
Mar 04, 2024, at 01:00 am
In a testament to its resilience and growth trajectory, India has once again emerged as the world’s fastest-growing major economy, showcasing an impressive 8.4% expansion in the final quarter of 2023 compared to the previous year.
India grows by 8.4% in Oct-Dec quarter defying expectations
Mar 01, 2024, at 01:15 am
New Delhi: India's economy surged by 8.4% in the quarter ending in December, surpassing expectations, driven by strong expansion in manufacturing and construction sectors.
US, EU major importers of India's oil products sourced from sanctioned Russian crude
Feb 22, 2024, at 07:21 am
New Delhi: More than one-third of India's oil product exports to the coalition countries led by the G7 were sourced from Russian crude, according to a European think-tank, media reports said.
India crosses China as HSBC's third-largest profitable business region
Feb 22, 2024, at 03:25 am
HSBC Group Wednesday reported a 25% rise in earnings from its activities in India, reaching $1.5 billion for the fiscal year ending December 2023, media reports said.
Japan commits ODA loan of JPY 232.209 billion for nine projects in various sectors in India
Feb 21, 2024, at 05:20 am
New Delhi: Japan has committed an Official Development Assistance (ODA) loan of an amount of 232.209 billion yen for nine projects in various sectors, the Ministry of Finance said on Tuesday.
Wholesale inflation of India eases to 0.27 pc in January
Feb 15, 2024, at 12:39 am
India's wholesale price index (WPI) based inflation eased to 0.27% in January 2024 from 0.73% in the previous month, as per data released by the Ministry of Commerce and Industry showed on Wednesday.
Passenger vehicles sales jump 14 pc in January on strong demand
Feb 14, 2024, at 11:26 pm
Passenger vehicles sales comprising cars, SUVs and vans started on a strong note in the new year with total domestic sales rising 13.57% year-on-year to 3,93,074 units in January 2024, as per data released by Society of Indian Automobile Manufacturers (SIAM) on Wednesday.
India ranks 38 out of 139 countries in World Bank's Logistics Performance Index Report 2023
Feb 08, 2024, at 07:22 am
New Delhi: India has been ranked 38 out of 139 countries in the World Bank's 'Logistics Performance Index Report (2023): Connecting to Compete 2023'.
A visionary stride for women-led development in India’s 2024 budget
Feb 05, 2024, at 01:03 am
Indian Finance Minister Nirmala Sitharaman has offered a progressive vision for the nation’s women through the interim budget which prioritized empowering women ("Nari Shakti") through entrepreneurship, making their lives easier, and ensuring their dignity.
India, Oman ink MoU on procurement of defence material, equipment
Feb 01, 2024, at 04:38 pm
New Delhi: India and Oman on Wednesday signed a Memorandum of Understanding (MoU) on procurement of defence material and equipment which would provide a framework for a new area of defence collaboration.
Young Liu, CEO of Taiwanese electronics firm Foxconn, bestowed with Padma Bhushan
Jan 27, 2024, at 06:53 am
New Delhi: In a notable acknowledgment of his distinguished contributions to the tread and industry sector, Young Liu, the Chief Executive Officer and Chairman of Foxconn, the Taiwanese multinational electronics contract manufacturer, has been honoured with the prestigious Padma Bhushan award.
Indian Overseas Bank registers 30.27 pct year-on-year rise in net profit
Jan 24, 2024, at 11:39 pm
Public sector Indian Overseas Bank on Wednesday reported 30.27% year-on-year rise in net profit at Rs 723 crore for October-December quarter (Q3) of the current financial year 2023-24.
India tops among leading real estate buyers in Dubai, says report
Jan 24, 2024, at 05:35 am
Indian property investors have surpassed Russians to claim the top position as the leading buyers of real estate in Dubai in 2023, a report released by a real estate company has revealed.
World Economic Forum 2024: Smriti Irani advocates for consensus on watermarking AI products
Jan 20, 2024, at 04:37 am
Davos: The Indian delegation at World Economic Forum 2024 promoted responsible behaviour about AI, insisting on convergence or a consensus on watermarking AI products.
India's wholesale inflation rises to 0.73% in December 2023: Govt data
Jan 15, 2024, at 07:38 pm
New Delhi/UNI: India's wholesale price index (WPI) based inflation increased to 0.73% in December 2023 from 0.26% in the previous month, data released by the Ministry of Commerce and Industry showed on Monday.
India likely to have 100 million affluent citizens by 2027: Reports
Jan 15, 2024, at 03:20 pm
India's affluent class may soon nearly double to touch 100 million people by 2027, as per a report by Goldman Sachs Group Inc.
United States asks India to ensure laptop import policy does not restrict trade
Jan 13, 2024, at 05:22 am
New Delhi: United States Trade Representative Ambassador Katherine Tai has called upon India to ensure that the existing end-to-end online system and associated policies governing the import of laptops do not pose trade restrictions in the future.
India, UAE aim at expanding bilateral trade to $100 billion; start Rupee-Dhiram trade: Piyush Goyal
Jan 11, 2024, at 05:40 am
Ahmedabad/IBNS/UNI: India and the United Arab Emirates (UAE) aspire to expand their bilateral trade to US$100 billion, Commerce and Industry Minister Piyush Goyal said on Wednesday.
Narendra Modi government's Interim Budget likely to set nominal GDP growth at 10-10.5 pct
Jan 08, 2024, at 11:30 pm
The Indian government will present its interim budget on Feb 1, just months before the country is expected to vote in the Lok Sabha polls this year.
India's forex reserve touches the highest level in 21 months
Jan 06, 2024, at 11:22 pm
India's foreign exchange reserves rose from $2.759 billion to $623.20 billion in the week which ended on December 29.
India taking measures to secure merchant ships amid rise in attacks in the Red Sea region: Report
Jan 06, 2024, at 05:50 am
New Delhi: Amid the recent surge in attacks in the Red Sea region, a senior government official on Friday said that the Indian government is ensuring the security of shipments on the open seas, a media report said.
Jan 06, 2024, at 05:11 am
Mumbai: Tata Steel India on Friday said that its crude steel production reached 5.32 million tons, up 6% on QoQ as well as YoY basis.
India's services PMI rises to 59.0 in December from 56.9 in November
Jan 05, 2024, at 05:50 pm
New Delhi/UNI: India's services activities continued growth momentum and picked up in December 2023 on the back of new businesses and strong demand.
India emerges as fastest growing large economy globally in CY2023-CY 2024: Report
Jan 04, 2024, at 08:05 am
Mumbai: The Indian Equity Market has emerged as one of the best-performing markets in the last two years, according to a report by Pantomath Financial Services Group.
India's forex reserves increase by $9bn last week: Reports
Dec 26, 2023, at 11:17 pm
India's foreign exchange reserve has spiked by $9.112 billion to $615.971 billion in the week ending December 15, 2023, media reports said.
Amid global slowdown, large tech companies almost halt hiring in India: Report
Dec 26, 2023, at 05:55 pm
Mumbai/IBNS: Large tech companies have nearly stopped hiring new employees amid the global slowdown, media reports said.
Waaree completes 50MW solar module supply to a USA firm
Dec 22, 2023, at 11:29 pm
Indian solar panel manufacturing firm WAAREE Energies ltd on Thursday said it has completed the timely delivery of 50 MW Solar modules Fortune 500 Company, in USA.
Raghuram Rajan explores strategies for India's economic future in ISB discussion
Dec 18, 2023, at 07:25 pm
Hyderabad/UNI: Former Reserve Bank of India (RBI) Governor, Raghuram Rajan, shared insights into key strategies that can propel India's growth in the coming decades during a discussion on his latest book, 'Breaking the Mould: Reimagining India's Economic Future,' at the Hyderabad campus of the Indian School of Business (ISB).