India’s retail market to exceed Rs 190 lakh crore by 2034, driven by diverse consumer trends
Mar 02, 2025, at 07:40 pm
New Delhi: India’s retail market is projected to surpass Rs 190 lakh crore by 2034, up from Rs 82 lakh crore in 2024, reflecting an 8.9% annual growth over the past decade, according to a report by BCG and the Retailers Association of India (RAI), The Economic Times report said.
World Bank official says it will increase its financing to India
Feb 26, 2025, at 05:56 pm
World Bank Country Director for India Auguste Tano Kouame has said the institute will increase its financing to India.
Tesla signals India entry with job listings amid eased import duties
Feb 18, 2025, at 10:13 pm
After years of stalled plans due to high import taxes and logistical hurdles, Tesla appears to be gearing up for its long-awaited India entry.
India’s top 500 private firms worth $3.8 trillion, surpassing 2023 GDP
Feb 18, 2025, at 08:13 pm
New Delhi: The combined valuation of India’s 500 most valuable non-state-run companies stood at Rs 324 trillion ($3.8 trillion) in 2024, surpassing the country’s estimated 2023 gross domestic product (GDP) of $3.5 trillion, according to a report released by Axis Bank’s Burgundy Private and Hurun India.
India’s LNG imports to double by 2030: IEA report
Feb 12, 2025, at 11:26 pm
New Delhi: The International Energy Agency (IEA) on Wednesday projected that India’s liquefied natural gas (LNG) imports will more than double by 2030, driven by sustained demand growth and a slower-than-anticipated rise in domestic production.
Rising state debts in India widen fiscal divide, posing economic risks: NCAER report
Feb 12, 2025, at 10:02 pm
New Delhi: India's state-level debt has surged significantly, with some states now facing debt-to-GDP ratios nearing 50%, raising concerns about fiscal sustainability.
PM Modi advocates responsible AI governance at AI Action Summit in Paris
Feb 11, 2025, at 05:23 pm
Paris: Prime Minister Narendra Modi on Tuesday advocated for an unbiased approach to building data sets for AI models, emphasising collaboration between countries to harness artificial intelligence (AI) for economic growth, social transformation, and sustainable development.
India accuses Kia of $155 million tax evasion; automaker denies wrongdoing: Report
Feb 05, 2025, at 07:23 pm
New Delhi: India has accused South Korean car manufacturer Kia of evading $155 million in taxes by misclassifying component imports, a charge the automaker denies, Reuters according to a government document and two sources.
Union Budget 2025: Nirmala Sitharaman feels India Post will act as a catalyst for rural economy
Feb 01, 2025, at 05:00 pm
Union Minister of Finance and Corporate Affairs, Nirmala Sitharaman, while presenting the Budget 2025-26 in the Parliament on Saturday, said that India Post with 1.5 lakh rural post offices will be repositioned to act as a catalyst for the rural economy.
Jan 31, 2025, at 04:35 pm
India’s external sector continues to display resilience amidst global headwinds of economic and trade policy uncertainties, states the Economic Survey 2024-25 tabled in the Parliament on Friday by Union Minister for Finance and Corporate Affairs Nirmala Sitharaman.
India welcomes Trump's energy push, sees potential for increased oil imports from US
Jan 21, 2025, at 11:36 pm
New Delhi: India has welcomed US President Donald Trump’s commitment to boosting domestic oil and gas production and exporting energy globally, as outlined during his inaugural address after assuming office, media reports said.
Gita Gopinath urges India to cut tariffs, focus on reforms for economic growth
Jan 21, 2025, at 08:06 pm
Davos: International Monetary Fund (IMF) Deputy Managing Director Gita Gopinath has urged India to consider lowering its tariffs, not only in response to the tariff threats posed by US President Donald Trump but also to reap long-term economic benefits.
India’s fiscal deficit to narrow as tax revenues grow: World Bank
Jan 17, 2025, at 05:29 pm
New Delhi: India's fiscal deficit is forecasted to narrow steadily, supported by increasing tax revenues, as per the latest World Bank report.
Govt to develop AI-powered platform for trade data analytics
Jan 16, 2025, at 01:47 pm
New Delhi: The government is advancing efforts to develop an AI-driven data analytics platform to enhance trade data insights, said Commerce Secretary Sunil Barthwal, according to media reports.
India's December retail inflation eases to four-month low of 5.22 percent
Jan 13, 2025, at 06:37 pm
India's retail inflation eased to touched a four-month low of 5.22 percent in December, from 5.48% in the previous month, as per government data released on Monday.
India revises November gold import data, uncovering $5 billion error
Jan 08, 2025, at 08:29 pm
New Delhi: India’s gold import figures for November have been revised sharply downward to $9.8 billion, significantly lower than the previously announced $14.8 billion, according to data from the Directorate General of Commercial Intelligence and Statistics (DGCIS) released on Wednesday.
India's electricity generation growth hits post-pandemic low in 2024 amid economic slowdown
Jan 08, 2025, at 04:47 pm
New Delhi: India’s electricity generation recorded its slowest growth in 2024 since the Covid-19 pandemic, reflecting a deceleration in the world’s fastest-growing major economy, Reuters reported, citing an analysis of government grid regulator’s data.
Satya Nadella announces Microsoft's $3 bn investment in India after meeting PM Modi
Jan 08, 2025, at 11:58 am
New Delhi/IBNS: Microsoft will invest $3 billion in India in cloud and AI infrastructure, announced the tech major chairman and CEO Satya Nadella.
India’s GST collections top Rs 1.77 trillion in December, sustain 10-month streak
Jan 01, 2025, at 08:16 pm
New Delhi: India’s goods and services tax (GST) collections reached Rs 1.77 trillion in December, marking the tenth consecutive month of collections surpassing Rs 1.7 trillion, according to government data released on Wednesday.
China's central bank holds a Rs 40,000 crore portfolio in India despite strained relations: Report
Dec 31, 2024, at 09:16 pm
Mumbai: The People’s Bank of China (PBOC), the central bank of the world’s second-largest economy, has been steadily building its portfolio in Indian companies despite strained geopolitical ties between India and China, media reports said.
How Income Tax Slabs Influence Your Retirement Savings Plan
Dec 27, 2024, at 11:14 pm
One of the most important aspects of personal finance planning is retirement planning. In India, the situation is similar because people largely count on the state and their work benefits schemes. Therefore it is not usually a priority and is delayed due to other financial commitments. The proper tax brackets coupled with the retirement savings plan will produce a safe and secure future.
How to Choose the Best Marriage Loan for Your Wedding Budget
Dec 24, 2024, at 05:21 pm
Planning a wedding is an exciting yet challenging task. From venue bookings to catering services, attire, decorations, and photography, expenses can quickly add up. In India, where weddings are celebrated with grandeur, managing a wedding budget can feel overwhelming. If you find yourself short of funds, a marriage loan can help make your dream wedding a reality without compromising on your plans.
Understanding the Various Types of Demat Accounts in India
Dec 24, 2024, at 01:53 pm
Investing in the stock market or any financial securities today requires one crucial thing—a Demat account. It’s the gateway to holding shares, bonds, and mutual funds in an electronic format. However, the term "Demat account" often raises questions for many, especially for first-time investors.
India's foreign exchange falls to a six-month low of $652.87 billion
Dec 20, 2024, at 10:58 pm
New Delhi: India's foreign exchange reserves declined by nearly $2 billion, reaching a six-month low of $652.87 billion as of December 13, according to data released by the Reserve Bank of India (RBI) on Friday.
India’s EV market to hit Rs 20 trillion by 2030, 50 million jobs projected, says Nitin Gadkari
Dec 20, 2024, at 05:20 pm
New Delhi: India’s electric vehicle (EV) market is projected to grow to Rs 20 trillion by 2030, potentially generating around 50 million jobs within the EV ecosystem, according to Road Transport and Highways Minister Nitin Gadkari.
Indians lean towards lightweight, lower carat wedding jewellery amid soaring gold prices: Report
Dec 18, 2024, at 10:10 pm
Mumbai: Many Indian families are forced to buy lightweight and lower-carat jewellery due to skyrocketing gold prices to keep within their budgets, according to a Reuters report.
Dec 16, 2024, at 11:58 am
Kolkata: Infosys co-founder NR Narayana Murthy defended his ‘70-hour work week’ remark at an event in Kolkata, emphasizing its importance in making India a global leader, according to an NDTV report.
Dec 14, 2024, at 02:02 am
New Delhi/IBNS: Following Supreme Court of India's ruling on the Nestle case in 2023, Switzerland has revoked the country's 'Most Favoured Nation' (MFN) status that was accorded to New Delhi under the Double Taxation Avoidance Agreement (DTAA) treaty.
India’s cumulative FDI inflow crosses $1 trillion
Dec 12, 2024, at 11:16 pm
New Delhi: India has achieved a significant milestone of surpassing $1 trillion in cumulative foreign direct investment (FDI) inflows since April 2000, driven by its enhanced global competitiveness, a robust innovation ecosystem, and an investor-friendly business environment, according to the commerce and industry ministry on Thursday.
India's total installed renewable energy capacity reaches 213.70 GW; solar grows by 30.2%
Dec 12, 2024, at 12:19 am
New Delhi: India’s renewable energy sector has made significant progress from November 2023 to November 2024, said the Ministry of New and Renewable Energy (MNRE) on Wednesday.