Piyush Goyal wants active push towards exports by EPB's
Nov 08, 2022, at 08:50 pm
New Delhi/UNI: Union Minister of Commerce and Industry Piyush Goyal on Monday exhorted the export promotion bodies (EPB's) to give an active push to exports and maintain the momentum of healthy growth recorded last year.
CEA supports gradual short-term fall in rupee
Nov 08, 2022, at 07:21 pm
Mumbai/IBNS: Chief Economic Adviser (CEA) to India V. Anantha Nageswaran said the central bank should allow the rupee to fall gradually and use its foreign exchange reserves judiciously.
76 pc Indians likely to use UPI as a payment mode during online checkouts: FIS Research
Nov 02, 2022, at 01:50 am
New research from financial services technology company FIS has revealed Indians’ willingness to adopt embedded finance, such as embedded payments, and explore various offerings in the Metaverse.
Russian oil: India to examine West's price cap proposal, says report
Oct 20, 2022, at 07:27 am
India has said it would examine the proposal by the United States and the European Union (EU) to put a price cap on Russian oil, Reuters reported.
India's monthly mobile phone exports cross record $1 billion in Sept: Report
Oct 15, 2022, at 01:13 am
India's monthly export of mobile phones crossed the $1 billion threshold (more than Rs 8,200 crore), for the first time ever, reported The Economic Times.
India-UK trade deal likely to be stuck over skilled worker access issue: Report
Oct 13, 2022, at 07:31 am
The India-UK trade deal is unlikely to meet the October deadline over the issue of access to thousands of Indian skilled workers, media reports said.
India Industrial Production contracts 0.8 percent in August
Oct 12, 2022, at 11:40 pm
New Delhi: India's Industrial Production contracted 0.8 percent in August, as per government data released on Wednesday.
India's retail inflation jumps up to touch 7.41 percent in September, highest since April
Oct 12, 2022, at 11:29 pm
New Delhi: India's retail inflation touched 7.41 percent in September, as per government data released on Wednesday.
PhonePe moves domicile to India from Singapore pre IPO
Oct 06, 2022, at 11:38 pm
Bengaluru/IBNS: FinTech platform PhonePe on Thursday announced that it has completed the process of moving its domicile to India.
India's core sector output growth slows down to 3.3 pct in August
Oct 01, 2022, at 12:11 am
New Delhi: India's core sector output grew 3.3 per cent year-on-year in August, 2022 as compared to 12.2 per cent in the corresponding period last year, showed the data released by the Commerce and Industry Ministry on Friday.
India can be two and three wheeler exporting hub: Amitabh Kant
Sep 24, 2022, at 05:42 am
New Delhi/UNI: India has huge growth potential in the battery storage segment, on the back of which the country can become a two and three-wheelers exporting hub, ex-CEO at Niti Aayog Amitabh Kant said on Friday at the ninth Public Affairs Forum of India (PAFI) meet.
India's mineral production records 6.1 per cent
Sep 21, 2022, at 11:01 pm
New Delhi: The index of mineral production of mining and quarrying sector for the month of July, 2022 at 101.1, was 3.3 percent lower as compared to the level in the month of July, 2021.
Sep 19, 2022, at 01:15 am
Patna: Husk Power Systems, operator of the largest fleet of solar-hybrid microgrids across rural Asia and Africa, will electrify 80 additional communities in India with $6 million in new debt financing, announced on Thursday, from the EU- funded Electrification Financing Initiative (EDFI ElectriFI).
MAS & India's IFSCA to engage in fintech innovations
Sep 19, 2022, at 12:12 am
Gandhinagar/IBNS: The Monetary Authority of Singapore (MAS) and the International Financial Services Centres Authority (IFSCA) on Sunday signed a cooperation agreement to facilitate regulatory collaboration and partnership in fintech.
Gujarat: Vedanta-Foxconn's chip plant creates one lakh jobs
Sep 13, 2022, at 09:18 pm
New Delhi/IBNS: The Rs 1.54 lakh crore Vedanta-Foxconn semiconductor plant in Gujarat will reduce electronics imports and provide one lakh direct skilled jobs, Vedanta Chairman Anil Agarwal said Tuesday.
India considers new coal imports amid rise in power demand
Sep 10, 2022, at 06:39 am
India may consider further coal imports to avoid a fresh power supply crisis, according to media reports.
‘Partnership of Trust’ between India-US progressing from strength to strength: Piyush Goyal
Sep 07, 2022, at 02:18 am
San Francisco (US): Union Commerce and Industry Minister Piyush Goyal Tuesday interacted with the US India Strategic Partnership Forum (USISPF), the leadership of GITPRO (Global Indian Technology Professionals Associations) and FIIDS (Foundation for India and Indian Diaspora Studies) here.
Linking bilateral trade to border tension not a good stance by India, says Chinese diplomat
Sep 03, 2022, at 03:07 am
Kolkata: The Chinese companies are hit by uncertainty and don't feel at ease doing business in India owing to the treatment and the policies of the Indian government, the Chinese Consulate General in Kolkata Zha Liyou Thursday said.
Aug 30, 2022, at 08:40 pm
Sydney: The relationship between India and Australia is one of shared interests and profoundly important, said Australia's Foreign Minister Penny Wong at the recently concluded Australia-India International Business Summit here.
AAI signs MoU with Sweden to facilitate smart, sustainable aviation tech collab
Aug 27, 2022, at 05:38 am
New Delhi: Airports Authority of India (AAI) and LFV Air Navigation Services of Sweden (LUFTFARTSVERKET) signed a Memorandum of Understanding (MoU) today at the Corporate Headquarters of AAI in New Delhi, the Ministry of Civil Aviation said.
India's wholesale inflation eases to 13.93% in July
Aug 16, 2022, at 07:34 pm
New Delhi/UNI: India's wholesale price index (WPI)-based inflation eased to 13.93 percent in July this year from 15.18 percent in the previous month, data from the Commerce Ministry showed on Tuesday.
India and UK conclude fifth round of talks for FTA
Aug 12, 2022, at 05:50 am
India and the United Kingdom (UK) concluded the fifth round of talks for an India-UK Free Trade Agreement (FTA) on July 29, the Ministry of Commerce & Industry said.
India: Next-gen cellular network 5G to be rolled out soon
Aug 08, 2022, at 07:51 pm
New Delhi/IBNS: India has completed its 5G spectrum auction on Aug. 1 and will soon roll out 5G services in the South Asian nation, as per media reports.
Cheap Russian crude likely to pose tough competition to Saudi Arabia in India
Aug 06, 2022, at 06:36 am
New Delhi: Russia and Saudi Arabia could be soon locked in a battle over securing a bigger share of India's crude import market, with Moscow offering a cheaper alternative to one of the world's biggest importers.
Aug 02, 2022, at 07:53 pm
New Delhi: Government of India has put 72,098 MHz spectrum to auction, of which 51,236 MHz (71% of the total) has been sold with a bid amounting to Rs. 1,50,173 Cr.
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.