The National Statistical Office will release the first advance estimates of economic growth for 2022-23 on Friday evening, three weeks ahead of presentation of General Budget in Lok Sabha on February 1. The first advance estimates of national income for 2022-23 is significant because the data is used for preparing the Budget of the central [...]
Karnataka Chief Minister Basavaraj Bommai on Thursday appealed to Union Minister for Road Transport and Highways Nitin Gadkari to clear projects worth Rs 1 lakh crore in the state. He also requested him to undertake projects related to ring roads in Raichur, Gadag, Koppal and Shivamogga as well. "We mainly discussed the works of the [...]
The Indian FMCG sector witnessed improvement in margins and slow growth in the December 2022 quarter but the rural markets continued to drag as retail inflation stayed at elevated levels, according to industry players. Godrej Consumer Products Ltd (GCPL) and Marico reported that although there is softness in demand, there has been an improvement partly [...]
Pitching Uttar Pradesh as a safe investment destination, Chief Minister Yogi Adityanath on Thursday assured industrialists of a strong law and order situation devoid of fear and free of land mafia. "You must have seen that before 2017, there used to be riots every other day, now the law and situation in the state is [...]
IIFCL Managing Director PR Jaishankar on Thursday made a case for having a dedicated infrastructure law for protecting the interest of all stakeholders and giving a push to this important sector in realising the dream of making India a USD 5 trillion economy. "Infrastructure projects are very long term and generational in nature. A holistic [...]
The government is planning to come out with a comprehensive policy for mandatory adoption of Indian Standard Time (IST) nationwide, a senior consumer affairs ministry official said. The purpose is to ensure synchronization of all networks and computers to IST and adoption of IST by Telecom Service Providers, Internet Service Providers, power grids, banks, stock [...]
Six entities, including HSBC and Creditwatch, have been allowed to test their fintech products to prevent and mitigate financial fraud as part of the fourth cohort under the RBI's regulatory sandbox scheme. Regulatory sandbox refers to the live testing of new products or services in a controlled/test regulatory environment for which the regulators may permit [...]
Indian companies have overtaken American firms in gross leasing of office space for the first time, with almost a 50 per cent share in the total demand, according to CBRE India. In its report released on Thursday, CBRE said that the gross leasing of office space rose 40 per cent in 2022 to 56.6 million [...]
Equity benchmarks ended lower for the second straight session on Thursday, dragged down by banking and finance counters and continuous foreign fund outflows. The 30-share BSE Sensex ended 304.18 points or 0.50 per cent lower at 60,353.27 after it failed to hold on to initial gains. During the day, it fell 607.61 points or 1 [...]
Banks and financial institutions need to design products in sync with requirements of infra projects in view of the whopping Rs 111 lakh crore National Infrastructure Pipeline (NIP), Financial Services Secretary Vivek Joshi said on Thursday. Observing that the infrastructure sector has strong backward and forward linkages with the robust multiplier effect across the sectors, [...]
