MeitY seeks proposals to estimate India's digital economy
Feb 23, 2023, at 06:02 am
New Delhi: The Indian government is looking to estimate the size of the country’s digital economy and in this regard the Ministry of Electronics and Information Technology (MeitY) invited proposals, media reports said.
ADB president Masatsugu Asakawa meets PM Modi, proposes $25 billion for India's development projects
Feb 23, 2023, at 04:41 am
New Delhi/IBNS: Asian Development Bank President Masatsugu Asakawa on Tuesday met Prime Minister Narendra Modi and conveyed ADB's intention to provide $20-25 billion resources over five years to advance India's aspirations for fast, inclusive, and green growth.
SBI launches BHIM SBIPay for Singapore-India fund transfers after UPI-PayNow linkage
Feb 23, 2023, at 01:21 am
Mumbai/IBNS: The State Bank of India (SBI), India’s largest lender, will facilitate funds transfer to Singapore through its SBI's BHIM SBIPay mobile application, the bank said on Wednesday.
India-Australia business community hosts influencers, bilateral leaders from both nations
Feb 17, 2023, at 05:25 am
The India Australia Business & Community Alliance (IABCA) marked ten years of continued collaboration by hosting its first-ever IABCA India Showcase, which was well-received by both governments.
India's imports from Russia jump 5 times amid Russia-Ukraine conflict
Feb 16, 2023, at 06:15 pm
New Delhi: India’s imports from Russia multiplied nearly five times to $ 37.31 billion in the April-January period in FY23 owing to an increase in crude oil import from that country, according to the commerce ministry data.
Air India to acquire 250 Airbus aircraft, Britain welcomes deal
Feb 15, 2023, at 04:38 am
Mumbai/IBNS: Tata Group-owned Air India Tuesday announced that it has signed letters of intent with Airbus and Boeing to acquire both widebody and single-aisle aircraft.
IMF projects India is going to be world's fastest economy in 2023, global growth to drop to 2.9 pct
Jan 31, 2023, at 02:28 pm
New York: The International Monetary Fund (IMF) on Tuesday released its latest projections on world economic growth where India was seen to be growing at the rate of 6.1 per cent in 2023.
Amazon launches air cargo service Amazon Air in India
Jan 24, 2023, at 06:05 am
New Delhi/UNI: E-commerce giant Amazon India on Monday announced the launch of Amazon Air in India to enhance its transportation network and enable faster deliveries to customers.
India's GDP will hit $26 trillion by 2047, says EY report
Jan 19, 2023, at 07:43 am
The Indian economy is expected to reach the $26 trillion mark while the per capita income is also expected to increase to $15,000, catapulting the country to the realm of developed economies by 2047, the 100th year of the country’s independence, according to an EY report, said media reports
Jan 18, 2023, at 07:40 am
Former RBI governor Raghuram Rajan said on Tuesday it’s still too early to say that India will influence global economic growth, pushing China down the ladder, a media report said.
India likely to manufacture 50 pc of all iPhones produced globally by 2027: Report
Jan 18, 2023, at 05:41 am
Beijing/New Delhi: India is expected to assemble 50 percent of all the iPhones manufactured by 2027, a big leap from its current share of less than 5 percent, to be at par with the scale of production in mainland China, according to media reports.
More FDI in services than manufacturing despite Centre's Make-in-India push
Dec 28, 2022, at 11:05 pm
New Delhi/UNI: Foreign direct investment (FDI) into India's services sector rose to US$ 153.01 bln in the April 2014 to March 2022 period from US$ 80.51 bln during April 2000 to March 2014, rating firm India Ratings and Research (Ind-Ra) said in a report on Wednesday.
Bilateral trade between India and the GCC jumps 41 pc to $111.71 billion
Dec 22, 2022, at 12:59 am
New Delhi/IBNS: Bilateral trade between India and the Gulf Cooperation Council (GCC) during the current FY 2022-23, for the period April-October 2022 stood at $111.71 billion, up from $79.49 billion during the same period in FY 2021-22, Union minister Anupriya Patel said on Wednesday.
India-Aus Economic Cooperation and Trade Agreement to come into force on Dec 29
Dec 17, 2022, at 04:44 am
New Delhi/IBNS: The India-Australia Economic Cooperation and Trade Agreement (Ind-Aus ECTA) will come into force on December 29.
Russia replaces Iraq as the largest oil supplier to India in Nov: Report
Dec 15, 2022, at 05:58 am
New Delhi: Russia for the first time in November replaced Iraq as the top exporter of crude oil to India, media reports said.
India-UK FTA to boost jobs, investments and exports between the two countries
Dec 14, 2022, at 11:40 pm
New Delhi: The Minister for Commerce and Industry of India, Piyush Goyal, and UK Secretary of State for International Trade, Kemi Badenoch, MP, met on Tuesday in New Delhi to discuss India-UK FTA negotiations.
RBI begins digital rupee pilot in four cities
Dec 01, 2022, at 11:06 pm
Mumbai/IBNS: Reserve Bank of India's (RBI) retail central bank digital currency (CBDC) pilot kicked off on Thursday (Dec. 1), a month after India's central bank launched the wholesale version for the same.
Air traffic surpasses four lakh mark for two consecutive days in India
Nov 29, 2022, at 08:05 pm
New Delhi/IBNS: Domestic flights flew more than four lakh passengers for two successive days, indicating positive signs of recovery for India's civil aviation sector.
India-Gulf Cooperation Council (GCC) decide to pursue resumption of FTA Negotiations
Nov 26, 2022, at 12:21 am
New Delhi: Piyush Goyal, Minister of Commerce and Industry, Consumer Affairs, Food, and Public Distribution and Textiles, Government of India, and Nayef Falah M. Al-Hajraf, Secretary General, Gulf Cooperation Council (GCC), held a Joint Press Conference, in New Delhi on Friday, to announce the intent to pursue negotiations on the India-GCC FTA.
Our Free Trade Agreement with India has passed through parliament: PM Anthony Albanese
Nov 22, 2022, at 10:31 pm
New Delhi: Australian PM Anthony Albanese on Tuesday announced his government's Free Trade Agreement with India has been passed by the country's Parliament.
Indigenous Koo launched in the US, first market outside India
Nov 18, 2022, at 07:43 pm
In its first market outside India, indigenous Koo, which is seen as an alternative to Twitter, has been launched in the United States.
Nov 17, 2022, at 10:57 pm
Kolkata/IBNS: Exploration and mining of critical minerals are at the core of India’s journey to net-zero by 2070 with 50 percent of its energy requirements from renewable energy, as the manufacture of green technologies for climate change mitigation requires minerals and metals, whose production is dominated by China, according to experts.
Nov 17, 2022, at 09:08 pm
Kolkata/IBNS: Australia is India’s natural partner to reach its economic as well as clean energy goals as a supplier of critical minerals, said Catherine Gallagher, Australia’s Minister Commercial - South Asia.
Page Industries to invest Rs 290 cr in Telangana
Nov 17, 2022, at 08:58 pm
Hyderabad/IBNS: Exclusive licensee of Jockey International in India Page Industries on Wednesday announced to invest Rs 290 crores to set up two facilities in Telangana.
Nov 15, 2022, at 07:32 pm
Hyderabad/IBNS: Tata Motors and Cummins Inc on Monday partnered to provide solutions in the hydrogen backed commercial vehicle arena in India.
India can purchase as much Russian oil it wants, above price cap: US Treasury secy Janet Yellen
Nov 14, 2022, at 11:29 pm
New Delhi/IBNS: The US is happy for India to continue buying as much Russian oil as it wants, till it steers clear of Western Insurance, finance and maritime services, bound by the cap, US Treasury Secretary Janet Yellen said Friday as per a Reuters report.
Nov 13, 2022, at 11:30 pm
New Delhi: U.S. Treasury Secretary Janet Yellen has said her nation is keen to further deepen economic and trade links with India under its ‘friendshoring’ approach in a bid to reduce supply chain dependence on countries like China.
India keeps on buying Russian oil, S Jaishankar believes its 'economically advantageous'
Nov 09, 2022, at 09:14 pm
Moscow/IBNS: India will keep buying oil from its long-term ally Russia as it is advantageous for the south Asian nation, said External Affairs Minister S. Jaishankar.
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.