Mumbai, Mar 17 (PTI) The BSE Sensex vaulted over 1,000 points for the second straight session on Thursday, tracking an overall bullish trend in global equities despite the US Federal Reserve hiking rates and signalling further policy tightening to tame inflation. A reversal in selling by foreign portfolio investors and sustained recovery in the rupee [...]
New Delhi, Mar 17 (PTI) Hotel and restaurant body FHRAI has sought reduction in GST rates for the hospitality industry, as the sector struggles to recover from the impact of the pandemic-induced restrictions. The Federation of Hotel and Restaurant Associations of India (FHRAI) wrote to Finance Minister Nirmala Sitharaman earlier this week making suggestions for [...]
The move aims to capture a new age consumer across the value chain Bengaluru, Karnataka, India (NewsVoir) Modenik Lifestyle, today, announced a new brand identity for its men’s essential clothing (innerwear, thermals and casual wear) brand Dixcy Scott. The new identity is complemented by innovations in both product and packaging that aim to capture a [...]
New Delhi, Mar 17 (PTI) With e-sports and e-gaming gaining traction, there is a need for robust policy frameworks and the creation of digital infrastructure to promote the sector, All India Gaming Federation (AIGF) has said.E-sports and e-gaming, under the umbrella of the digital economy, are going to play an important role in the Indian [...]
New Delhi, Mar 17 (PTI) Moody's on Thursday slashed India's growth estimate for the current year to 9.1 per cent, from 9.5 per cent earlier, saying high fuel and fertilizer import bill could limit the government's capital expenditure. In its 'Global Macro Outlook 2022-23 (March 2022 Update): Economic Growth will suffer as fallout from Russia's [...]
Moody's on Thursday slashed India's growth estimate for the current year to 9.1 per cent, from 9.5 per cent earlier, saying high fuel and fertilizer import bill could limit the government's capital expenditure. In its Global Macro Outlook 2022-23 (March 2022 Update) titled: Economic Growth will suffer as fallout from Russia's invasion of Ukraine builds, [...]
London, Mar 16 (PTI) The UK wants every country to move away from using Russian oil and gas because it directly funds President Vladimir Putin’s war machine, British Prime Minister Boris Johnson’s spokesperson said on Wednesday.Asked about India’s proposed move to purchase crude oil from Russia, the spokesperson said the UK Prime Minister respects every [...]
Mumbai, Mar 16 (PTI) The Union government has not yet paid GST dues of Rs 26,000 crore to Maharashtra and if the state gets this money it would be very helpful, Minister of State for Finance Shambhuraj Desai told the state Legislative Council on Wednesday.Responding to a discussion on the Budget in the upper house, [...]
Colombo, Mar 16 (PTI) Sri Lanka will work closely with the IMF to resolve the worsening economic crisis that has caused acute shortages of essentials, power cuts and long fuel queues in the island country, President Gotabaya Rajapaksa said in an address to the nation on Wednesday.Rajapaksa said the government was trying hard to resolve [...]
Bengaluru, Mar 16 (PTI) Karnataka Chief Minister Basavaraj Bommai on Wednesday said his government would not let any impediment hit the speedy economic recovery post-COVID in the State. "You all know what kind of situation was created due to COVID-19 in the last two years. The effect was not just limited to health sector but [...]
