India now net exporter of agri machinery
Nov 24, 2020, at 02:42 am
New Delhi/IBNS: India has emerged as a net exporter of agri-machinery, shipping equipment to some of the advanced countries like the US, Germany, UK and Italy, and a world leader in exporting solar irrigation pumps.
PM Narendra Modi pitches India as investment destination for urbanisation, mobility
Nov 18, 2020, at 11:01 pm
New Delhi: Prime Minister Narendra Modi on Tuesday pitched India as the most attractive investment destination for those looking to invest in urbanisation, mobility, innovation and sustainable solutions.
ISMA releases data on sugar production in India till November 15
Nov 18, 2020, at 04:20 am
New Delhi/IBNS: According to latest reports, sugar production in India till November 15, 2020, in the current 2019-20 SS is 14.10 lakh tonnes, compared to 4.84 lakh tonnes as of November 15, 2019.
Bangladesh-India import export to remain suspended due to Diwali
Nov 14, 2020, at 11:18 pm
Dhaka/UNI: Export and import activities through Bhomra land port at Satkhira in Bangladesh will remain suspended on the occasion of Shyama Puja, also called Deepawali or Diwali.
India in 'technical recession' as RBI predicts GDP contraction of 8.6% for July-Sept quarter
Nov 12, 2020, at 06:54 pm
New Delhi/IBNS: India's central bank on Thursday said the country has likely entered into a technical recession besides predicting a contraction in Gross Domestic Product (GDP) of 8.6% in the July-September quarter, media reports said.
India only among top three smartphone markets to record growth in Sep qtr
Nov 07, 2020, at 02:17 am
New Delhi/IBNS: India was the only smartphone market in the global top three which showed a year-on-year growth in shipments in September quarter this fiscal while the other two, United States and China, recorded a decline compared to the same quarter last year, according to International Data Corporation (IDC).
WhatsApp's UPI payment service starts in India
Nov 06, 2020, at 10:55 pm
Mumbai/IBNS: After years of struggle, Facebook Inc has finally managed to get approval for operating WhatsApp payments in India, starting Friday.
Logistics company Gxpress in expansion mode at home and abroad
Nov 03, 2020, at 06:32 pm
New Delhi/IBNS: India-based logistics company Gxpress recently announced that it is planning for large-scale expansion at home and abroad in areas of technology, workforce and number of offices worldwide.
Seimens Healthineers invests Rs. 1300 crore in India
Oct 21, 2020, at 05:12 am
Benagluru/IBNS: To advance the digitalization of healthcare, Siemens Healthineers on Tuesday announced plans to invest INR 1,300crore (EUR 160 million) over the next five years in an innovation hub in Bengaluru, India.
Uber to offer 30,000 free rides to CHILDLINE 1098 for helping children in distress across India
Oct 14, 2020, at 08:24 pm
New Delhi/IBNS: Ride-hailing app Uber on Wednesday announced a partnership with the CHILDLINE India Foundation (CIF), supported by the Union Ministry of Women and Child Development, the nodal agency which operates the CHILDLINE 1098, the only national, emergency helpline service for children, to provide 30,000 free rides to child care professionals for reaching and attending to children in distress.
India set to trail behind Bangladesh in per capita GDP: IMF
Oct 14, 2020, at 07:29 pm
New Delhi/IBNS: In a shocker for India, the financial condition of which has taken a beating due to Coronavirus pandemic, the International Monetary Fund (IMF) has forecasted that the per capita Gross Domestic Product (GDP) of the Asian giant could trail behind its neighbour Bangladesh this year.
Maldives planning to scrap FTA with China to protect trade relationship with other nations
Oct 13, 2020, at 08:05 pm
Male: Maldives may soon scrap Free Trade Agreement (FTA) with China to protect its trade relationship with other countries, media reports said.
Indian Rupee recovers 9 paise against USD
Sep 30, 2020, at 09:23 pm
Mumbai/UNI: The Rupee on Wednesday recovered by nine paise to close at 73.76 against the US Dollar on selling of US Dollar by bankers and exporters, dealers at the Forex Market said.
India's total COVID-19 recoveries cross the landmark milestone of 50 lakh
Sep 28, 2020, at 09:37 pm
New York: India’s total recoveries have crossed the landmark milestone of 50 lakh today (50,16,520, the centre said on Monday.
Rupee recovers 21 paise against USD
Sep 18, 2020, at 11:58 pm
Mumbai/UNI: The Rupee on Friday bounced back by 21 paise to close at 73.44 against the US Dollar on fresh selling of US Dollar by bankers and exporters, dealers at the Forex Market said.
Rupee regains 12 paise against USD
Sep 16, 2020, at 10:31 pm
Mumbai/UNI: The Rupee on Wednesday bounced back by 12 paise to close at 73.52 against the US Dollar on selling of US Dollar by bankers and exporters, dealers at the Forex Market said.
Indian Rupee recovers 6 paise against USD
Sep 14, 2020, at 10:32 pm
Mumbai/UNI: The Rupee on Monday recovered by six paise to close at 73.47 against the US Dollar on selling of greenback by bankers and exporters, dealers at the Forex Market said.
Sep 09, 2020, at 04:55 pm
Kolkata/IBNS: The Indian aviation industry saw a recovery in domestic passenger traffic in August 2020, with a sequential growth (over July 2020) of 25 per cent to 26 lakh passengers, said ICRA in a recent release.
Sep 05, 2020, at 01:58 am
Tokyo/IBNS: Japan has said it will give subsidies to its manufacturers who shift base from China to India or Bangladesh, as part of its plans to diversify supply chains, media reports said.
Finance Ministry and UNDP India collaborate to pormote sustainable finance in India
Sep 01, 2020, at 05:59 am
New Delhi/IBNS: The Department of Economic Affairs, Ministry of Finance, Government of India and United Nations Development Programme (UNDP) India have launched the Sustainable Finance Collaborative (SFC). The three-day consultation was held with the objective of bringing together leading experts and organizations to work together to boost the country’s efforts on mobilizing sustainable and green finance.
India's July retail inflation for industrial workers eases marginally to 5.33 pct
Aug 31, 2020, at 11:12 pm
New Delhi: Retail inflation for industrial workers eased marginally to 5.33 per cent in July, as per government data released on Monday.
Eight core industries' output contracts for the 5th consecutive month in July, moves down by 9.6 pct
Aug 31, 2020, at 10:54 pm
New Delhi: The output of eight core infrastructure industries moved down for the fifth consecutive month in July as it touched 9.6 percent, as per government data released on Monday.
India and Japan deliberate on investment opportunities at Indian Chamber of Commerce forum
Aug 26, 2020, at 11:39 pm
Kolkata/IBNS: Information Technology (IT), Information Technology Enable Services (ITES), Artificial Intelligence (AI), Machine Tools, Aerospace, Biotechnology, and Engineering Design are some of the areas where Japanese investment can flow in, said Karnataka Chief Minister B S Yeddyurappa.
US firms are optimistic about investing in India, says San Francisco based Indian Consul General
Aug 14, 2020, at 11:33 pm
New Delhi/IBNS: India and the United States shares many common interests and a strong bilateral relation, said Dr. T.V. Nagendra Prasad, Consul General, Consulate General of India, San Francisco, recently.
Indian Market: Sensex drops by 433.15 pts
Aug 14, 2020, at 10:57 pm
Mumbai/UNI: Extending losses for the third straight session, the BSE Sensex crashed by 433.15 pts to settle at 37,877.34 following heavy selling in Auto, Bankex, Finance and FMCG stocks on Friday.
Indian Market: Sensex rallies by 511.34 pts
Jul 21, 2020, at 10:39 pm
Mumbai/UNI: The Indian stock market remained firm on Tuesday for second day in row as BSE Sensex spurted by 511.34 points at 37,930.33 following gains in Oil and Gas, Realty, Energy, Bankex and Finance stocks amid positive Asian cues.
Uber appoints Prabhjeet Singh as its president of India, South Asia
Jul 16, 2020, at 06:51 pm
New Delhi/IBNS: Uber on Thursday announced the appointment of Prabhjeet Singh as president of Uber India and South Asia, tasked with overseeing the next phase of growth in the company’s mobility business and ensuring safety for riders and drivers across India, Sri Lanka and Bangladesh.
India records export fall in June but posts trade surplus in a decade as coronavirus hits import
Jul 16, 2020, at 05:20 am
New Delhi/IBNS: India has exhibited a negative growth in overall exports (merchandise and services combined) in April-June 2020-21 at USD 101.02 billion, which is down by (-)25.92 per cent over the same period last year, as per data released by Ministry of Commerce and Industry on Wednesday.
India's June WPI inflation comes at -1.81 pc against -3.21 pc in May
Jul 14, 2020, at 09:46 pm
New Delhi/UNI: The annual rate of inflation based on monthly Wholesale Price Index stood at -1.81 per cent for June as compared -3.21 per cent in May, according to data released by the government on Tuesday.
Google to invest Rs 75,000 cr more to fast pace India's digital economy
Jul 13, 2020, at 09:33 pm
New Delhi/IBNS: Google Chief Executive Officer Sundar Pichai has said the company would invest an additional Rs 75,000 crore to accelerate the pace of India's digital economy and added that the company is "proud to support" Prime Minister Narendra Modi's vision.