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NEW DELHI: India’s current world-beating economic growth rate on the back of an investment boom resembles that of 2003-07 when growth averaged more than 8 per cent, according to economists at Morgan Stanley. In a report ‘The Viewpoint: India – Why this feels like 2003-07’, Morgan Stanley said after...
NEW DELHI: The Coal Ministry has asked Coal India Ltd and NLC India Ltd to go for pithead-based thermal projects with an aim to reduce transportation cost and improve availability of dry fuel, a top government official said. The plan is that all new thermal projects of Coal India...
NEW DELHI: Adani group plans to invest more than Rs 1.2 lakh crore (about USD 14 billion) across its portfolio companies that range from ports to energy, airports, commodities, cement and media in fiscal year starting April 1, as it doubles down on its USD 100 billion investment guidance...
NEW DELHI: Kerosene consumption in the country has declined sharply by 26 per cent CAGR between 2013-14 and 2022-23, mainly due to government policies to promote clean energy. The latest ‘Energy Statistics India 2024’ of the National Statistical Office (NSO) stated, “The impact of energy policies of recent time...
LILLE (FRANCE): French sports retailer Decathlon is accelerating its investments to ramp up production and enhance its retail presence further in India, one of its “most important” global markets, its Global CEO Barbara Martin Coppola has said. Decathlon expects to continue its “high growth rate” from the Indian market,...
NEW DELHI: FPIs came back strongly to invest in the Indian equity markets, buying shares worth Rs 40,710 crore in the first fortnight of the month amid an improvement in the global economic landscape and robust domestic macroeconomic outlook. The inflows came following a modest investment of Rs 1,539...
NEW DELHI: The government on Friday approved an electric-vehicle policy, under which duty concessions will be given to companies setting up manufacturing units in the country with a minimum investment of USD 500 million, a move aimed at attracting major global players like US-based Tesla. According to an official...
MUMBAI: The Securities and Exchange Board of India (Sebi) on Friday approved launch of same day settlement (T+0) for a limited set of 25 scrips with a limited number of brokers along with a slew of measures to bring flexibility for initial public offerings (IPOs), Alternative Investment Funds (AIFs),...
NEW DELHI: India’s merchandise exports grew 11.9% on year in February to $ 41.40 billion, the highest level in 11 months despite the headwinds from the Red Sea crisis and persistent geopolitical tensions and the stagnation in world trade. The growth in goods shipments during the month was the...
NEW DELHI: The Centre will launch a revamped Pradhan Mantri Awaas Yojana- Grameen (PMAY-G) after general elections to build another 20 million affordable houses in the next five years with enhanced financial assistance. With the current affordable rural housing scheme coming to an end in March, the Budget for...
NEW DELHI: Former chief economic adviser Arvind Subramanian on Friday said India’s latest GDP numbers are ‘absolutely mystifying’ and difficult to comprehend. India’s economy grew by better-than-expected 8.4 per cent in the final three months of 2023 – the fastest pace in one-and-half years. “I want to be honest...
NEW DELHI: The government has dropped the permit requirement for untested AI models but emphasised the need to label AI-generated content, according to a latest advisory on Artificial Intelligence technology. Instead of permission for AI models under development, the fresh advisory issued by the Ministry of Electronics and IT...
NEW DELHI: Finance minister Nirmala Sitharaman on Friday said despite huge fluctuations globally, the Indian stock market has maintained “a certain level of sanity” and the market should be allowed to play on its own. The statement from the Finance minister comes days after Sebi chairperson Madhabi Puri Buch...
MUMBAI: Indian white-collar job market is expected to witness optimistic hiring sentiments during the first half of this year, with 92 per cent of recruiters expecting either new or replacement hiring in the first six months of 2024, a survey said on Friday. Naukri’s Hiring Outlook Survey is a...
NEW DELHI: Domestic air traffic rose 4.8 per cent on an annual basis to 126.48 lakh in February, while more than 1.55 lakh passengers were affected by flight delays during the same period, according to official data released on Friday. In February, Air India’s market share rose to 12.8...
MUMBAI: Equity benchmark indices declined nearly 1 per cent on Friday after a day’s breather amid weak global market trends and foreign fund outflows. The 30-share BSE Sensex declined 453.85 points or 0.62 per cent to settle at 72,643.43 after a weak beginning. During the day, the benchmark tanked...
NEW DELHI: Petrol and diesel prices were cut by Rs 2 per litre each as state-owned oil companies ended a nearly two-year-long hiatus in rate revision. The revised price will be applicable from 6 am on Friday, March 15, the oil ministry said on Thursday evening. Petrol in the...
NEW DELHI: Wholesale inflation rate declined marginally to 0.2 per cent in February compared to 0.27 per cent in the preceding month despite a slight uptick in the food basket. The Wholesale Price Index (WPI)-based inflation was in the negative zone from April to October and had turned positive...