Latest Indian Economy News

Creating employment opportunities for the high-potential talent of Canada to work on global technology projects in the third largest tech hub of North America SUNNYVALE, Calif., TORONTO and MUMBAI, India, May 3, 2022 /PRNewswire/ -- Xoriant, a global product engineering, software development, and technology services company headquartered in Silicon Valley, has launched a technology delivery [...]

New Delhi, May 2 (PTI) India and Germany on Monday inked a joint declaration of intent on Indo-German Green Hydrogen Task Force, an official statement said. Union Minister for Power and New and Renewable Energy R K Singh and German Minister for Economic Affairs and Climate Change Robert Habeck signed the joint declaration virtually, the [...]

New Delhi, May 2 (PTI) Travel services provider Yatra Online Inc on Monday said it has introduced a feature on its flight booking platform that will estimate carbon emissions of each flight it displays as a step towards promoting sustainable travel. The feature will highlight carbon emissions and environmental impact of the flights, enabling consumers [...]

Colombo, May 2 (PTI) India has extended its current credit line by a further USD 200 million to replenish Sri Lanka’s rapidly depleting fuel stocks, Power and Energy Minister Kanchana Wijesekera said on Monday. Sri Lanka is currently in the throes of an unprecedented economic turmoil since its independence from Britain in 1948. The crisis [...]

Mumbai, May 2 (PTI) Equities remained under pressure for the second session running on Monday as investors stayed on the sidelines ahead of a crucial meeting of the US Federal Reserve this week where it is expected to go for an aggressive rate hike to tame runaway inflation. A weak rupee and persistent foreign fund [...]

Lucknow, Uttar Pradesh, India (NewsVoir) • Over Five lakh students will participate in the drive • Approx. 1500-2000 tons of dry waste will be collected and prevented from ending up in an unprocessed form in landfills • Hon’ble Kaushal Kishore, Minister of State, Ministry of Housing and Urban Affairs, Govt. of India was the Chief [...]

Berlin, May 2 (PTI) External Affairs Minister S Jaishankar met his German counterpart Annalena Baerbock on Monday and the two leaders reviewed the bilateral cooperation and discussed the Russia-Ukraine conflict and the Indo-Pacific. Jaishankar, who is here as part of Prime Minister Narendra Modi’s delegation, said that he had “good conversation” with Minister for Foreign [...]

Mumbai, May 2 (PTI) The share of incremental bank credit in incremental nominal GDP is likely to cross the 50 per cent mark in the current financial year, from a decade low of 27 per cent in FY2022, an SBI research report said on Monday.     The incremental credit to GDP share was as high [...]

Jodhpur, Rajasthan, India (NewsVoir) • MCats is a family of 40+ portfolio startups.• Represents 100+ Co-founders club.• MCats is a family of 35% portfolio startups led by women Co-founders.• The accelerator holds a strong network across Tier II & Tier III cities.• The fresh fund will be utilised to scale up the startups, strengthen the [...]

Colombo, May 1 (PTI) Sri Lanka's beleaguered President Gotabaya Rajapaksa on Sunday urged all political parties to set aside their differences and appealed to the protesting citizens to join hands to steer a "pro-people struggle" to meet the challenges, amidst growing demands for his government's immediate resignation over its failure to tackle the country’s worst [...]

New Delhi, May 1 (PTI) The government on Sunday said the country has sufficient stock of edible oils and it is keeping a close watch on the price as well as supply situation. "India has optimum stock of all edible oils. As per the industry sources, the present stock of all edible oils in the [...]

New Delhi, May 1 (PTI) Indian FMCG players, particularly food and snacks manufacturers, have said they are concerned about Indonesia's move to ban exports of crude palm oil, though some of them expect the decision is likely to have only transitory impacts on a short-term basis. Several industry leaders hint that they will reduce their [...]

New Delhi, May 1 (PTI) The GST collection in April touched the highest ever level of about Rs 1.68 lakh crore, up 20 per cent from the year-ago period, on improved compliance and recovery in business activity, the Finance Ministry said on Sunday.  During the month, 1.06 crore GST returns from GSTR-3B were filed, of which 97 [...]

Islamabad, May 1 (PTI) Saudi Arabia has agreed to provide Pakistan with a "sizeable package" of around USD 8 billion to help the cash-starved country bolster dwindling forex reserves and revive its ailing economy, a media report said on Sunday.Pakistan has faced growing economic challenges, with high inflation, sliding forex reserves, a widening current account [...]

Colombo, May 1 (PTI) Sri Lanka's beleaguered President Gotabaya Rajapaksa on Sunday urged all political parties to set aside their differences and appealed to the protesting citizens to join hands to steer a "pro-people struggle", amidst growing demands for his government's immediate resignation over its failure to tackle the country’s worst economic crisis. His message [...]

Mumbai, May 1 (PTI) Maharashtra is all set to become a one trillion-dollar economy and it will be the first state in the country to do so, Governor Bhagat Singh Koshyari said here on Sunday on the occasion of 62nd anniversary of the state's formation. Koshyari addressed an event held at the Shivaji Park in [...]

Colombo, May 1 (PTI) Sri Lanka's beleaguered President Gotabaya Rajapaksa on Sunday urged all political parties to set aside their differences and appealed to the worried citizens to join hands to steer a "pro-people struggle", amidst growing demands for his government's immediate resignation over its failure to tackle the country’s worst economic crisis. His message [...]