World Bank slashes India's growth forecast to 6 percent
Oct 13, 2019, at 06:04 pm
New Delhi: The World Bank on Sunday reduced the growth forecast for India in the current fiscal year to 6 percent.
India's industrial production drops to 1.1% in August
Oct 11, 2019, at 06:27 pm
New Delhi: India's industrial output contracted by 1.1 percent in August, as per government data released on Friday.
India's September passenger vehicle sales drops by 23.56 pct
Oct 11, 2019, at 04:40 pm
New Delhi: The sale of Passenger Vehicles declined by 23.56 percent in April-September 2019 over the same period last year, revealed the Society of Indian Automobile Manufacturers (SIAM) data released on Friday.
India seeks investment from Central Europe
Oct 10, 2019, at 07:30 pm
New Delhi, Oct 10 (IBNS): A high-level Government - industry delegation led by Secretary in the Department of Heavy Industry Asha Ram Sihag is reaching out to top Czech companies, including Volkswagen and Skoda Transporation to scale up their investment in India, leveraging the country as their global supply chain hub.
India falls 10 places to rank 68 in Global Competitive Index
Oct 09, 2019, at 02:51 pm
Geneva: India has slipped 10 places in the Global Competitive Index to occupy 68th position out of 141 countries surveyed by the rankings.
India to be the 2nd fastest growing economy at 6%, China to be at the top with 6.1%
Sep 27, 2019, at 12:12 pm
Geneva: Indian economy will grow at 6 per cent, falling behind China by just 0.1%, to be the world's second-fastest-growing economy in the current year, UN Trade Agency has projected.
Thai Deputy PM launches Agri-Trade Supply Chain Alliance to further boost Thailand-India trade
Sep 26, 2019, at 06:55 pm
Kolkata, Sep 26 (IBNS): With Thailand focusing on increasing exports to India in sectors such as Rubber, Rubber - wood, Construction Materials, Logistics and Tapioca, a business delegation team led by Deputy Prime Minister of Thailand, Jurin Laksanawisit, who is also the Minister of Commerce, is currently visiting India.
Sep 22, 2019, at 04:57 pm
Houston: Prime Minister Narendra Modi met the CEOs of the energy sector in the US on the first day of his week-long visit to the country, and later witnessed the signing of MoU between India’s Petronet and Houston-based Tellurian.
India, ADB sign $200 million loan to improve rural connectivity in Maharashtra
Sep 09, 2019, at 04:59 pm
New Delhi, Sept 9 (IBNS): The Asian Development Bank (ADB) and the Government of India today signed a $200 million loan to upgrade rural roads to all-weather standards in 34 districts of Maharashtra State to improve road safety and better connect rural areas with markets and services.
Ashok Leyland announces five non-working days at Chennai plant
Sep 06, 2019, at 09:32 am
New Delhi, Sept 6 (IBNS): Indian automobile major Ashok Leyland on Friday declared five non-working days at its plant in Chennai, media reports said.
World's highest ever tax returns filed in a day: CBDT
Sep 01, 2019, at 09:37 pm
New Delhi, Sep 1 (UNI) With a highest ever increase in the e-filing of income tax, 49,29,121 Income Tax Returns were filed in a single day.
The Walmart Foundation announces two new grants to benefit over 81,000 smallholder farmers in India
Aug 27, 2019, at 04:57 pm
Kolkata/New Delhi, Aug 27 (IBNS): Deepening its commitment to improving farmer livelihoods in India, the Walmart Foundation on Tuesday announced $4.8 million (approximately Rs. 34 crores) in grants to Digital Green and TechnoServe to enable programs that help smallholder farmers have access to agriculture technology, training on sustainable farmer methods, enhanced access to formal markets, and skill and capacity building for farmer producer organizations (FPOs).
Indian Market: Sensex up by 792.96 pts
Aug 26, 2019, at 05:12 pm
Mumbai, Aug 26 (UNI) The benchmark index of Bombay Stock Exchange (BSE) on Monday posted a huge gain of 792.96 points to 37,494.12 following gains in Realty, Bankex and Power stocks.
Believe that slowdown in the automobile sector in India is temporary: Kia Motors official
Aug 23, 2019, at 04:14 pm
Kolkata, Aug 23 (IBNS): A senior official of South Korean auto major Kia Motors on Friday said he feels that the current slowdown in the automobile sector in India is a temporary phase and a revival from the current situation will take place soon.
Wholesale inflation in July falls to multi-year low figure of 1.08 percent
Aug 14, 2019, at 05:31 pm
New Delhi, Aug 14 (IBNS): India's wholesale price-based inflation July dropped to a multi-year low of 1.08 per cent, as per government data released on Wednesday said.
India's factory output drops to touch 2 percent in June
Aug 09, 2019, at 06:30 pm
New Delhi, Aug 9 (IBNS): India's factory output dropped to touch 2 percent in June, official government data released on Friday said.
Indian logistics company GoBOLT wins the SuperStartUps Asia Awards 2019
Aug 09, 2019, at 02:19 pm
New Delhi, Aug 9 (IBNS):: GoBOLT, an Indian logistics startup, has been adjudged the Gold Winner for its innovation in IT and Indian logistics sector at the third edition of SuperStartUps Asia 2019, according to an announcement by the company.
Indian plumbers to acquire special skills under Project Pankh
Aug 07, 2019, at 04:12 pm
Kolkata, Aug 7 (IBNS): Around 2000 plumbers across India will receive special training under Project Pankh, a collaboration between Utkarsh India Ltd (UIL) and the Indian Plumbing Skills Council (IPSC) operating under the aegis of National Skill Development Corporation (NSDC).
India and Italy set up Fast –Track Mechanism to facilitate investors and companies
Jul 16, 2019, at 10:31 pm
New Delhi, Jul 16 (IBNS): In order to facilitate Italian companies and investors in India and Indian companies and investors in Italy, it has been decided to establish fast-track system for companies and investors of both the countries.
Exports down by 10 per cent in June
Jul 15, 2019, at 11:18 pm
New Delhi, July 15 (UNI): Trade data for June showed that exports came down by 10 per cent at 25 billion dollars and imports also saw a drop of nine per cent.
India-US trade likely to touch $238 billion by 2025, says report
Jul 12, 2019, at 05:54 pm
New Delhi, July 12 (UNI): Two-way trade between India and the United States is likely to grow to $238 billion by 2025 from the current $143 billion, said a report as officials of the two countries met to discuss their disagreements.
India looks to enter aircraft financing and leasing business
Jul 07, 2019, at 12:36 pm
New Delhi, July 7 (IBNS): India is looking to enter the business of aircraft financing and leasing with finance minister Nirmala Sitharaman in her budget speech saying the time was ripe for the move.
Industry reaction to Union Budget 2019 : Mostly positive but some regrets as well
Jul 05, 2019, at 09:05 pm
Kolkata, July 5 (IBNS): Although India's benchmark indices reacted negatively to the Union Budget 2019 presented on Friday by Union Finance minister, Nirmala Sitharaman, most industry leaders have welcomed it as a positive step towards long-term development.
How some of the industry leaders are looking the Union Budget 2019
Jul 05, 2019, at 08:11 pm
Kolkata, July 5 (IBNS): The Union Budget 2019, presented by Finance Minister Nirmala Sitharaman has evoked a plethora of responses from the industry leaders.
Lenovo launches latest fitness wearable in India
Jul 04, 2019, at 11:29 pm
Bangalore/Chennai, Jul 4 (IBNS): Global technology giant Lenovo has announced the launch of its latest fitness wearable in India, the Smart Band Cardio 2 HX06H, packing in all utility features at a palatable price tag of Rs. 1,499.
Country expects Union Budget to focus on reforms, says CEO and MD of Equitas Small Finance Bank
Jul 04, 2019, at 11:22 pm
Kolkata, July 4 (IBNS): With a second term through a resounding mandate, the Indian finance industry expects the Modi government to focus the budget around reforms that will be critical to drive long term economic growth, according to PN Vasudevan, CEO and MD, Equitas Small Finance Bank.
Jul 04, 2019, at 10:24 pm
Kolkata, July 4 (IBNS): One of the long outstanding demands of the agri warehousing industry has been the rationalization of indirect taxes, according to Sandeep Sabharwal, Group CEO, Sohan Lal Commodity Management Pvt Ltd.
India Budget - Navigating Troubled Waters : ICICI Bank Treasury Research Group report
Jul 04, 2019, at 09:12 pm
Kolkata, July 4 (IBNS): Fiscal deficit target of 3.4 per cent, could be difficult to achieve, in light of revenue constraints, expenditure priorities in the face of slowing growth and promised economic and welfare schemes to the electorate, according to a pre-Budget report published by ICICI Bank's Treasury Research Group.
Slowdown post IL&FS crisis warrants further stimulus say Angel Broking in its pre-budget review
Jul 04, 2019, at 09:10 pm
Kolkata, July 4 (IBNS): Angel Broking Ltd, one of the well-known independent full-service retail broking houses in India, expects that given the recent slowdown in the economy, 'the final budget would contain further stimulus measures to boost the economy'.
Jul 04, 2019, at 04:55 pm
New Delhi, July 4 (IBNS): A day ahead of the Union Budget, Finance Minister Nirmala Sitharaman on Thursday tabled the Economic Survey which has given a call for a sustained 8% growth rate for India to become a USD 5 Trillion Economy by 2024-25. The government forecast the real GDP growth for the year to 7% percent this year, while being wary of checking the fiscal deficit.