Latest Indian Economy News

Gandhinagar, Apr 11 (PTI) India is on its way to become a global energy superpower in terms of consumption and production, Union Minister for Petroleum and Natural Gas Hardeep Singh Puri said here on Monday. Addressing the passing-out students of Pandit Deendayal Energy University virtually, Puri said though India had the resources, exploration and production [...]

Colombo, Apr 11 (PTI) Sri Lanka’s embattled Prime Minister Mahinda Rajapaksa on Monday said that his government was confident of overcoming the unprecedented economic crisis in the same way it crushed the LTTE over a decade ago. In a televised address to the nation, Mahinda, who is under growing pressure to quit due to the [...]

Colombo, Apr 11 (PTI) Sri Lankan Prime Minister Mahinda Rajapaksa on Monday assured the people suffering from the unprecedented economic difficulties that his government is working round-the-clock to address their woes and appealed to protesters to end their agitation and have patience, saying every minute spent on streets deprives the cash-strapped country of precious dollars. [...]

New Delhi, April 11 (PTI) JSW Steel on Monday said its subsidiary has received the environmental clearance to set up a Rs 65,000-crore steel plant in Odisha. The company will set up the plant at Paradip in Odisha, where the South Korean steel giant Posco was keen to set up a Rs 52,000-crore steel plant. [...]

New Delhi, Apr 11 (PTI) HDFC Ltd chairman Deepak Parekh on Monday called on Finance Minister Nirmala Sitharaman amid the proposal of a merger of the mortgage firm with its banking subsidiary HDFC Bank."Shri Deepak S Parekh, Non-executive Chairman -@HomeLoansByHDFC, along with Shri Atanu Chakraborty - Chairman @HDFC_Bank, call on Smt @nsitharaman," the office of [...]

New Delhi, Apr 11 (PTI) Growth in pre-provision earnings and decline in bad loans will improve profitability of banks in the current fiscal, a report said on Monday. Better profitability will offset increases in capital consumption due to an acceleration in loan growth, helping banks across the system maintain capital at current levels, Moody's Investors [...]

New Delhi, Apr 11 (PTI) Growth in pre-provision earnings and decline in bad loans will improve profitability of banks in the current fiscal, a report said on Monday. Better profitability will offset increases in capital consumption due to an acceleration in loan growth, helping banks across the system maintain capital at current levels, Moody's Investors [...]

New Delhi, Apr 11 (PTI) Growth in pre-provision earnings and decline in bad loans will improve profitability of banks in the current fiscal, a report said on Monday. Better profitability will offset increases in capital consumption due to an acceleration in loan growth, helping banks across the system maintain capital at current levels, Moody's Investors [...]

New Delhi, Apr 11 (PTI) Growth in pre-provision earnings and decline in bad loans will improve profitability of banks in the current fiscal, a report said on Monday. Better profitability will offset increases in capital consumption due to an acceleration in loan growth, helping banks across the system maintain capital at current levels, Moody's Investors [...]

New Delhi, Apr 11 (PTI) Growth in pre-provision earnings and decline in bad loans will improve profitability of banks in the current fiscal, a report said on Monday. Better profitability will offset increases in capital consumption due to an acceleration in loan growth, helping banks across the system maintain capital at current levels, Moody's Investors [...]

New Delhi, Apr 11 (PTI) The Supreme Court Monday sought a response from the Centre on a plea seeking the endorsement of 10 years old diesel buses, which have now been converted to CNG in Bulandshahr district of Uttar Pradesh.A bench of Justices L Nageswara Rao and B R Gavai issued notice to the Ministry of [...]

New Delhi, Apr 11 (PTI) The Delhi High Court on Monday asked the Reserve Bank of India (RBI) to look into public interest litigation against the “fit and proper” status accorded to the promoters of Hinduja Group's IndusInd Bank. A bench headed by Acting Chief Justice Vipin Sanghi directed the RBI to treat as representation [...]

New Delhi, Apr 11 (PTI) Gujarat has topped Niti Aayog's State Energy and Climate Index-Round 1 (SECI) among larger states, which ranks states and Union territories (UTs) on six parameters, including discoms' performance, energy efficiency and environmental sustainability. Gujarat was followed by Kerala and Punjab, according to the government think tank's report. Chhattisgarh, Madhya Pradesh [...]

Bhubaneswar, Apr 11 (PTI) JSW Utkal Steel Ltd (JUSL), a wholly-owned subsidiary of JSW Steel Ltd, has got the environmental clearance for setting up a 13.2 MTPA green-field integrated steel plant near Paradip from the union ministry of environment and forest and climate change, a senior official of the company said. The mega crude steel [...]

Mumbai, Apr 11 (PTI) Companies are not able to pass on the pressure from rising input costs to buyers, and this is likely to result in a compression in corporate profit margins for the March quarter, a report said on Monday. Operating profit margins for companies are set to fall by as much as 3 [...]

Mumbai, Apr 11 (PTI) India's domestic air passenger traffic is estimated to have grown by around 59 per cent year-on-year to 84 million in FY22, although it is still about 40 per cent lower as compared to the pre-pandemic level, credit ratings agency Icra said on Monday.             It also expects elevated Aviation Turbine Fuel [...]

Jaipur, Apr 11 (PTI) The Commercial Tax Department of Rajasthan earned a record revenue of Rs 50,883 crore in last financial year.According to an official statement, the department collected revenue of Rs 50,883.48 crore in 2021-22, registering a growth of 25.91 per cent as compared to the previous fiscal year. The department earned Rs 4,574.17 [...]

Kolkata, Apr 11 (PTI) West Bengal Governor Jagdeep Dhankar on Monday said that in the face of incessant rise in oil prices, people should reduce the usage of petroleum products as an antidote to such price hikes. After a spate of price rise of oil products for the last 16 days, the price of petrol [...]