Latest Indian Economy News

Beijing, Apr 14 (PTI) China on Thursday told Pakistan’s new Prime Minister Shehbaz Sharif that it will always put its “all-weather ally” as a priority in its neighbourhood diplomacy as it praised his commitment to promote the USD 60 billion CPEC initiative. Shehbaz met Chinese Embassy’s Charge d 'affaires Pang Chunxue in his office on [...]

New Delhi, Apr 14 (PTI) India's largest IT services company Tata Consultancy Services (TCS) on Thursday said it has been chosen as a strategic partner by UK's Financial Ombudsman Service to accelerate digital transformation. TCS will help futureproof the Ombudsman's technology capabilities with a new digital portal that would improve the experience for complainants and [...]

New Delhi, Apr 14 (PTI) Tata Power on Thursday said a consortium led by US-based BlackRock Real Assets will invest Rs 4,000 crore in its subsidiary, Tata Power Renewable Energy Ltd, for over 10 per cent equity stake. Abu-Dhabi-based investment company Mubadala Investment Company (Mubadala) is also part of the consortium, Tata Power Company said [...]

Bhopal, Madhya Pradesh, India (NewsVoir) Manan Dixit, Founder & CEO of a financial technology startup, FidyPay has been graced with the ”Champions of Change Award (Madhya Pradesh)” by the Interactive Forum on Indian Economy (IFIE), a non-profit recognized by Govt. of India, for his exemplary work in the field of Innovation. The award was presented [...]

New Delhi, Apr 14 (PTI) Keen on improving the gaushala (cow shelter) economy, government think-tank Niti Aayog is working on a roadmap to enable commercial use of cow dung for multiple purposes, and resolve various issues connected with stray cows which often become liability for farmers, its member Ramesh Chand has said. The Aayog has [...]

6+ Top Employers Including Syfe, Hitachi, Sapiens, Mobelium, Lam Research, and Roche to Offer 100+ Career Opportunities Bengaluru, Karnataka, India (NewsVoir) Careernet, India’s leading talent solutions provider, is set to organise their second edition of ‘Career Fair for women’, a virtual career fair through Careernet Prism, taking place from 11 am onwards, on April 16, [...]

Raipur, Apr 14 (PTI) Chhattisgarh Chief Minister Bhupesh Baghel has written to Prime Minister Narendra Modi seeking extension of the compensation mechanism under the Goods and Services Tax (GST) regime for another ten years.In a letter written to Modi on Thursday, Baghel also said the Union government should come up with some arrangement to make [...]

New Delhi, Apr 14 (PTI) The focus on capex in the recently announced Budget for the current fiscal year will boost manufacturing and tax revenue collections, thereby keeping India on track to becoming a USD 5 trillion economy, the finance ministry said on Thursday.Tax revenues in last fiscal year grew by a record 34 per [...]

New Delhi, Apr 14 (PTI) The country needs a strong action plan to reskill coal mine workers in order to protect their interests while making a transition from conventional fuel to renewable energy usage, a report said on Thursday. India's power sector is one of the most diversified ones in the world. The country's thermal [...]

New Delhi, Apr 14 (PTI) Japanese auto major Honda Cars on Thursday unveiled its new offering for the Indian market -- City e:HEV sedan, marking its foray into the mainstream strong hybrid electric vehicle segment in the country. The company, which is present in India through a wholly-owned subsidiary, has commenced the bookings of the [...]

Islamabad, Apr 14 (PTI) The World Bank has slashed Pakistan's economic growth rate forecast for the current fiscal year to 4.3 per cent, down by almost one per cent against last year, and said the last ditch energy subsidies by the outgoing government put an additional burden on budget and threaten the International Monetary Fund [...]

Patna, Apr 14 (PTI) Bihar has received an investment proposal of Rs 817 crore for setting up data centres across the state.Data management firm VueNow, which is planning the investment, will develop a four-tier data centre of 100 racks with Patna as the master hub. Four other centers will come up in Dharbhanga, Bhagalpur, Purnea [...]

Mumbai, Apr 14 (PTI) Domestic financial markets, including stock exchanges and the forex market, will remain closed on Thursday for Mahavir Jayanti and Dr Babasaheb Ambedkar Jayanti. PTI ABM ABM

New Delhi, Apr 13 (PTI) Commerce and Industry Minister Piyush Goyal on Wednesday said services exports touched an all-time high of around USD 250 billion (about Rs 19 lakh crore) in 2021-22. The previous highest level was USD 213 billion (about Rs 16 lakh crore) in 2019-20. "We have achieved the USD 250 billion target [...]

Mumbai, Apr 13 (PTI) Of the top 300 listed companies, only 78 disclosed their commitments towards achieving net-zero carbon emission status under their environmental, social, and governance provisions in the last three financial years, a report said on Wednesday. A study by Care Advisory Research and Training covered the corporate sustainability disclosures of these 300 [...]

New Delhi, Apr 13 (PTI) India and the 27-nation European Union (EU) will restart negotiations for their long-pending free trade agreement from June, a top official said on Wednesday. Commerce Secretary BVR Subrahmanyam said the EU team would visit India for talks immediately after the ministerial meeting of the World Trade Organisation (WTO), which is [...]

New Delhi, Apr 13 (PTI) The Centre has released Rs 2,94,718 crore towards food subsidy during the last fiscal to Food Corporation of India (FCI) and states, which is slightly higher than the revised budget estimates. During the financial year 2021-22, the Department of Food & Public Distribution released Rs 2,94,718 crore towards food subsidy, [...]