Latest Indian Economy News

Mumbai, Apr 21 (PTI) Veteran banker K V Kamath on Thursday said there is a discord between value created and valuation expectation of fintech and digitech companies and emphasized on the need to set it right. Speaking at the Times Network's India Economic Conclave, Kamath said about six months back, fintech companies were strong and [...]

New Delhi, Apr 21 (PTI) Loan distributor Andromeda expects around 58 per cent growth in its loan disbursals to Rs 60,664 crore during the current fiscal on the back of recovery in the economy and renewed demand in the housing sector. The company's loan disbursals, comprising home loans, loans against property, personal loans, business loans [...]

Kolkata, Apr 21 (PTI) Diversified conglomerate ITC Ltd is looking to widen its product portfolio in the dairy segment and tap the “low” milk consumption in West Bengal, a company official said on Thursday. Per capita availability of milk in West Bengal is 'low', one-third of the national average of 427 grams per day, he [...]

NEW DELHI, April 21, 2022 /PRNewswire/ -- India is the country of honour for the Sea Tech Week® and will be making waves from 26th – 30th September 2022 at Brest Expo, France. Registration is now open for visitors and exhibitors. Avail the Early Bird before 31st May. International Stakeholders across business, academia, and governmental [...]

London, Apr 21 (PTI) British Prime Minister Boris Johnson has expressed his support for more skilled visas for Indians as part of the efforts to expedite the ambitious free trade agreement (FTA) being negotiated between the two countries.Speaking to reporters from the UK on the prime ministerial flight to Ahmedabad on Wednesday night, Johnson acknowledged [...]

Colombo, Apr 21 (PTI) India on Thursday said it has delivered one more consignment of 40,000 MT of diesel to Sri Lanka under the Indian credit line to help ease the acute power crisis in the island nation.A total of close to 400,000 MT of various types of fuel have been delivered with Indian assistance [...]

Islamabad, Apr 21 (PTI) Pakistan’s newly-appointed Finance Minister Miftah Ismail on Thursday left for Washington to meet top IMF officials to renegotiate a USD 6 billion bailout package that was stalled by the previous Imran Khan regime. Under the agreement signed in 2019, Pakistan would receive USD 6 billion for a period of 39 months, [...]

Lucknow, Apr 21 (PTI) Private lender HDFC Bank on Thursday said it will open 150 new branches across Uttar Pradesh this year, creating more than 1,000 direct jobs. Majority of these branches will be opened in rural areas, said Akhilesh Kumar Roy, branch banking head of UP, HDFC Bank. "We are committed to supporting the [...]

New Delhi, Apr 21 (PTI) Dhanlaxmi Bank on Thursday said it has signed a memorandum of understanding with Central Board of Direct Taxes (CBDT) and Central Board of Indirect Taxes and Customs (CBIC) for collection of taxes. The bank has been authorised by the Reserve Bank of India (RBI) based on the recommendation from the [...]

New Delhi, Apr 21 (PTI) E-commerce company Flipkart on Thursday said it opened a fulfilment centre at Haringhata in West Bengal spread over 110 acres with potential to create 11,000 direct and indirect jobs in the area. The facility was inaugurated virtually during the Bengal Global Business Summit (BGBS) by West Bengal Chief Minister Mamta [...]

Colombo, Apr 21 (PTI) The Sri Lankan government on Thursday deployed troops as a precautionary measure in the southwestern region of Rambukkana where one person was killed and 13 others were injured in violence after the police opened fire at unarmed anti-government protestors demonstrating against the latest fuel price hike. Earlier, the authorities lifted the [...]

Dubai, Apr 21 (PTI) The historic Comprehensive Economic Partnership Agreement between India and the UAE will come into effect on May 1, an Emirati minister said on Thursday. The agreement will provide significant benefits to Indian and UAE businesses, including enhanced market access and reduced tariffs. Minister of State for Foreign Trade Thani Al Zeyoudi [...]

Washington, Apr 21 (PTI) Sri Lanka’s bitter debt crisis experience has emerged as one of the major topics of discussion among the global financial leaders who have gathered here for the annual spring meeting of the International Monetary Fund and the World Bank, according to officials. The island nation is grappling with unprecedented economic turmoil [...]

Washington, Apr 21 (PTI) Global growth momentum is dampened by prolonged inflation, supply chain disruption, volatility in energy markets and investor uncertainty, Finance Minister Nirmala Sitharaman has said as she attended the G20 Finance Ministers and Central Bank Governors (FMCBG) meeting here. The meeting was held here on Wednesday under the presidency of Indonesia. Its [...]

Washington, Apr 21 (PTI) Sri Lanka’s bitter debt crisis experience has emerged as one of the major topics of discussion among the global financial leaders who have gathered here for the annual spring meeting of the International Monetary Fund and the World Bank, according to the officials. The island nation is grappling with unprecedented economic [...]

Washington, Apr 21 (PTI) World Bank President David Malpass has welcomed India’s move to begin selling oil from its stockpiles, asserting that the world needs to take important steps to address the current set of crises. Speaking on the sidelines of the annual Spring meeting of the IMF and the World Bank held here, Malpass [...]