Latest Indian Economy News

Mumbai, Apr 27 (PTI) As the country recovers from the pandemic, the retail industry has resumed its growth trajectory and is likely to witness 10 per cent annual growth to reach approximately USD 2 trillion by 2032, according to a report. According to a BCG-RAI report titled "Racing towards the next wave of Retail in [...]

New Delhi, Apr 27 (PTI) Gross leasing of industrial and warehousing space rose 11 per cent across five major cities to 6.2 million square feet during January-March period, according to real estate consultant Colliers India."Activity in Grade A industrial and warehousing facilities continues to be robust during Q1 2022 with gross absorption in the top [...]

New Delhi, Apr 27 (PTI) Jaguar Land Rover (JLR) on Wednesday said it has initiated "Open Innovation strategy", to accelerate next-generation technology and sustainability to support its modern luxury vision for the business, its partners, and customers. Open Innovation will drive collaborations with start-ups, scale-ups and like-minded external organisations on electrification, connectivity, digital services, metaverse, [...]

New Delhi, Apr 27 (PTI) NTPC has collaborated with Swiss firm Energy Vault for deployment of gravity-based energy storage technology and software solutions based on the outcome of a joint feasibility study. NTPC has signed a Memorandum of Understanding (MoU) with Energy Vault Holdings, Inc (Energy Vault) in this regard, a statement said. The objective [...]

New Delhi, Apr 26 (PTI) The CBDT has issued fresh directions for the functioning of the 2015 constituted Income Tax department's regional or local committees of officers to deal with grievances of tax payers who have been served with "high-pitched" assessments during scrutiny.The new guidelines for the functioning of these committees, according to a CBDT [...]

Mumbai, Apr 26 (PTI) Tech-logistics firm COGOS Technologies on Tuesday announced expanding its services to Punjab, Madhya Pradesh and Rajasthan. Now, it has presence in more than 300 cities across 24 states and aims to have a pan-India presence by the end of this fiscal, according to a statement. The aim is to lead the city logistics [...]

Mumbai, Apr 26 (PTI) Tripping at an important substation feeding power to the megapolis led to a power cut of over an hour in many parts of the country's financial capital on Tuesday, aggravating woes for people already sweltering under a heat wave. Lines at the Padgha substation located near Kalyan tripped at about 10 [...]

Kolkata, Apr 26 (PTI) India-Australia Economic Cooperation and Trade Agreement is going to strengthen not only the bilateral trade between the two countries but also improve India's image in the world post-RCEP, said a professor of a policy research institute.India had in November 2019 opted out of the 15-nation Regional Comprehensive Economic Partnership, which is [...]

New Delhi, Apr 26 (PTI) India and Maldives plan to set up a transmission interconnection for transfer of renewable power between the two countries. The proposal was discussed during the meeting between Power and New and Renewable Energy Minister R K Singh and Maldives' Environment, Climate Change and Technology Minister Aminath Shauna in the national [...]

New Delhi, Apr 26 (PTI) Seven ropeway projects of total 57.1 km length will be constructed in Himachal Pradesh at a cost of Rs 3,232 crore under the ambitious Parvatmala Yojana, an official statement said on Tuesday.                    According to the statement, a memorandum of understanding (MoU) [...]

Thiruvananthapuram, Apr 26 (PTI) Kerala Finance Minister K N Balagopal on Tuesday said startups have a major role in strengthening the state's economy as leveraging their innovative ideas can lead to remarkable growth in various sectors. The minister was speaking during the inauguration of the country's largest Business to Government (B2G) summit, organised by Kerala [...]

New Delhi, Apr 26 (PTI) A section of exhibitors protesting against poor amenities at the renovated Pragati Maidan in the national capital stalled the inaugural ceremony of AAHAR food and hospitality fair on Tuesday, forcing Union minister Piyush Goyal to cut short his speech midway. The Commerce and Industry Minister was the chief guest at [...]

New Delhi, Apr 26 (PTI) India can be the cheapest producer of Green Hydrogen in the world due to its enabling climatic conditions, NITI Aayog CEO Amitabh Kant said on Tuesday. In an interactive session at the Raisina Dialogue, Kant pointed out that India has brought down the cost of renewable energy. "India has size [...]

Mumbai, Apr 26 (PTI) A significant number of women employees plan to quit jobs within the next two years due to burnout and lack of flexible work hours, according to a report. The report indicates the 'great resignation'-- a global phenomena of people leaving jobs in a large number amid COVID-19 pandemic -- seems to [...]

During the Coffee Connect, organised by Business France at the Embassy of France in India, the CEO of Sopra Banking Software, Mr Eric Bierry, makes key announcements about ramping up their workforce. NEW DELHI, April 26, 2022 /PRNewswire/ -- A Coffee Connect meet was organised at the Embassy of France in India in association with [...]

New Delhi, Apr 26 (PTI) Industry associations on Tuesday raised concerns over the worsening financial situation of Goa with each passing day on account of mining ban in the state and called for immediate resumption of the activity. Mining in Goa came to a complete halt in 2018 after the Supreme Court quashed the second [...]

New Delhi, Apr 26 (PTI) A section of exhibitors protesting against poor amenities at the renovated Pragati Maidan in the national capital stalled the inaugural ceremony of AAHAR food and hospitality fair on Tuesday, forcing Union minister Piyush Goyal to cut short his speech midway. The Commerce and Industry Minister was the chief guest at [...]

GURUGRAM, India, April 26, 2022 /PRNewswire/ -- Lexus India opens a one of its kind Experience space in the heart of Gurugram; aimed at making the Lexus experience more accessible to its discerning guests of NCR. The vision is to create a rich gallery and lifestyle space, which would give a warm, inviting feeling and [...]

New Delhi, Apr 26 (PTI) The government has taken a series of measures, including reducing the number of forms for trademarks and patents, to further strengthen the country's IPR (intellectual property rights) regime, a top government official said on Tuesday. Secretary in the Department for Promotion of Industry and Internal Trade (DPIIT) Anurag Jain also [...]