May 23, 2024, at 05:36 pm
New Delhi/IBNS: The Adani Group CFO has taken a dig at an investigating report claiming the conglomerate was involved in the alleged coal scam.
India’s ambitions can foster complementarity with China, reports Global Times
May 14, 2024, at 07:11 pm
New Delhi/IBNS: There has been no shortage of pessimism regarding economic and trade relations between India and China, as Chinese companies are bearing the brunt of the most severe crackdown due to New Delhi's "tendency to generalize security issues in its China trade policy", though the latest data may indicate a different trend, serving as a reminder not to overlook the complementary strengths of both economies, according to a report by the Chinese Communist Party (CCP)-owned Global Times.
China surpasses US to become India's largest trading partner in FY24: Reports
May 13, 2024, at 09:56 pm
New Delhi/IBNS: Replacing the United States, China has become the largest trading partner of India for the fiscal year 2023-24, reports said.
India’s industrial production slows slightly in March 2024 to 4.9%
May 11, 2024, at 05:18 am
New Delhi: India’s industrial production growth in March slowed slightly, reaching 4.9 percent month-on-month, according to official data.
Indian airlines to carry 50 pct of international traffic by 2028, says Crisil Ratings
May 07, 2024, at 05:49 am
Indian airlines, carrying international passenger traffic originating from, terminating in, or transitioning through India, are expected to witness a surge of 50 percent by fiscal 2028 from the current 43 percent in 2024, according to Crisil Ratings.
India, Nigeria to finalise Local Currency Settlement System Agreement soon
May 04, 2024, at 11:13 pm
A seven-member delegation from India led by Additional Secretary, Department of Commerce, Ministry of Commerce and Industry, AmardeepSingh Bhatia, accompanied by High Commissioner of India to Federal Republic of Nigeria, G Balasubramanian and Economic Adviser, Department of Commerce, Priya P. Nair held a Joint Trade Committee (JTC) meeting with their Nigerian counterparts in Abuja late last month when both sides undertook a detailed review of recent developments in bilateral trade and investment ties.
UAE envoy to India praises rise in trade with India
May 04, 2024, at 12:28 am
UAE ambassador to India Abdulnasser Jamal Alshaali has praised the rise in trade with India by 16 percent.
IMF revises India's FY25 GDP growth by 30 bps to 6.8% on buoyant domestic demand
May 01, 2024, at 04:52 am
New Delhi: The International Monetary Fund (IMF) revised India's GDP growth projection for 2024-25 upward by 30 basis points to 6.8% in its update to the World Economic Outlook (WEO) on the back of buoyant domestic demand in the country.
Apr 30, 2024, at 05:10 am
The National Council of Applied Economic Research (NCAER) on Monday said the Indian economy can attain growth rates higher than 7 per cent during the current fiscal year.
Goa Shipyard Limited signs MoU with Netherlands-based Damen Shipyards in field of e-Tugs
Apr 28, 2024, at 10:08 pm
The Indian Defence Ministry’s Goa Shipyard Limited signed a Memorandum of Understanding (MoU) with Damen Shipyards for collaboration in the sector of e-Tugs.
After postponing visit to India, Tesla CEO Elon Musk heads to China
Apr 28, 2024, at 06:52 pm
Tesla CEO Elon Musk is on a surprise visit to China, the second-largest market for the electric vehicle titan, media reports said.
JPMorgan CEO praises PM Modi for doing 'unbelievable' job in India
Apr 25, 2024, at 03:38 am
New York/IBNS: JPMorgan Chase & Co.'s CEO, Jamie Dimon, has commended Prime Minister Narendra Modi for his an "unbelievable" job in India, noting that despite criticism from the liberal media in the US, Modi has successfully lifted 400 million people out of poverty.
India now part of global value and supply chains, says CII chief
Apr 18, 2024, at 05:44 pm
The biggest game changer in India in the past years has been the steps taken by the government to ensure that the nation is part of the global value chains and supply chains, according to a top industry body official.
India to remain driver for global growth in the foreseeable future, says IMF Executive Director
Apr 18, 2024, at 04:13 pm
IMF Executive Director has said India will remain a driver for global growth in the foreseeable future.
Elon Musk likely to announce $2-$3 billion investment for Tesla factory in India
Apr 18, 2024, at 02:36 am
New Delhi: Tesla CEO Elon Musk is set to announce an investment of $2-$3 billion in India, primarily aimed at establishing a new factory, during his upcoming visit to New Delhi to meet with Prime Minister Narendra Modi, Reuters reported, citing sources.
India eyes to become global nutrition hub
Apr 17, 2024, at 06:49 pm
In a bold move to transform its agricultural landscape, India is set on a path to become a Global Nutrition Hub, with a focus on promoting millets as a superfood and bolstering the production of pulses and edible oils. The ambitious plan aims to empower farmers and make agriculture a more lucrative profession.
Wai Wai noodles maker Binod Chaudhary aims to list India unit by 2026
Apr 16, 2024, at 05:17 am
Nepalese billionaire Binod Chaudhary, who made it big selling instant noodles, is seeking to list his conglomerate Chaudhary Group’s India food unit by 2026.
India-Singapore bilateral trade jumps 18% to USD 35.6 billion in FY23
Apr 07, 2024, at 10:18 pm
Singapore: India-Singapore bilateral trade rose to USD 35.6 billion in 2022-23, a growth of 18.2 percent on the year, media reported.
Tesla to send team from US to pick up potential manufacturing sites in India: Report
Apr 04, 2024, at 05:49 am
New Delhi: Electronic car-maker Tesla plans to send a team from the United States to India by late April to assess potential locations for a proposed electric car plant worth $2 billion to $3 billion, the Financial Times reported on Wednesday.
India's foreign exchange reserve jumps up to touch record high
Apr 01, 2024, at 01:23 am
India's foreign exchange reserve jumped for the fifth straight week to touch the all-time high figure of $642.631 billion in the week ending on March 22, media reports said.
Mar 31, 2024, at 11:07 pm
Key markers point to the Indian economy remaining buoyant at the end of FY 2023-24 with Purchasing Manager’s Index (PMI) for manufacturing increasing and that of services maintaining a robust trend, according the Monthly Economic Review for March, released by the National Council of Applied Economic Research (NCAER) on Sunday.
India's March gold imports expected to fall significantly: Report
Mar 28, 2024, at 04:28 am
New Delhi: India's gold imports are likely to drop in March by over 90% compared to the previous month, reaching the lowest point since the onset of the COVID-19 pandemic, media reported.
India’s tax revenue grows beyond expectations, shows recent data
Mar 24, 2024, at 05:09 pm
India’s direct taxes have experienced a significant and sustained increase in growth over the time. The Gross Direct tax collection for the year 2023-24 (as on March 17, 2024) registered an increase of 18.7% over the corresponding period last year (2022-23).
Centre cuts petrol, diesel prices by Rs. 2 across India
Mar 15, 2024, at 05:12 am
New Delhi/IBNS: The Centre Thursday reduced petrol and diesel prices by Rs. 2, Union Minister for Petroleum and Natural Gas, Hardeep Singh Puri, announced.
Union Cabinet approves India-Bhutan MoU on Energy Efficiency and Energy Conservation Measures
Mar 14, 2024, at 06:27 am
New Delhi: The Union Cabinet chaired by Prime Minister Narendra Modi approved the signing of the Memorandum of Understanding (MoU) between India and Bhutan on extending cooperation in the field of Energy Efficiency and Energy Conservation Measures.
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.