NEW DELHI: The government is considering setting up a dedicated overseas market development body– IndTrade– and a national branding division to get to the goal of $ 2 trillion in exports by 2030. IndTrade would work for trade promotion and the branding division will work along with the export...
NEW DELHI: Despite the ongoing general elections, the Central public-sector entities’ – companies and departmental agencies — investment rose 6.5% on-year to Rs 50,206 crore in April, reflecting the government’s thrust on investment-led economic growth. The Railway Board invested Rs 26,641 crore in projects in April, 10% more than...
NEW DELHI: Credit rating agency ICRA has revised its 2024-25 (FY25) full-year steel demand growth target to 9-10 per cent, 200 basis points higher compared to the earlier estimate of 7-8 per cent. The growth forecast factors in the latest trends in the sector. Domestic steel consumption between February...
MUMBAI: Overall 31 per cent of employees in India have experienced age-related discriminations across sectors with the highest prevalence reported in multinational companies, a study said on Monday. The ‘Ageism in the Workplace’ study by talent company Randstad India revealed that 31 per cent of employees in India have...
MUMBAI: Japan Airlines on Monday said it has entered into a codeshare arrangement with IndiGo, which would help the Japanese carrier expand services to 14 destinations of the domestic carrier’s network. At present, Japan Airlines operates its services to Delhi and Bengaluru from Tokyo. It offers daily flight services...
NEW DELHI: Days before RBI’s monetary policy, Punjab National Bank (PNB) managing director Atul Kumar Goel said interest rates have peaked and are expected to see a reversal by the end of this year. The Monetary Policy Committee, which is expected to keep the policy rate unchanged for the...
NEW DELHI: Mother Dairy on Monday announced Rs 2 per litre hike in milk prices in the Delhi-NCR market due to a rise in input cost over the last 15 months. The increase in prices of all variants of milk is effective from Monday (June 3) in Delhi-NCR as...
NEW DELHI: India’s economy growth slowed to a four-quarter low of 7.8 per cent in the January-March period, but pushed the annual growth rate for FY24 to 8.2 per cent, mainly on account of good showing by manufacturing, official data showed on Friday. The growth propelled the Indian economy...
MUMBAI: Notwithstanding the lacklustre performance in the March quarter, some of the leading steel company stocks have rallied on hopes revival in government spending in infrastructure to boost demand post-election. Shares of Tata Steel has moved up 9 per cent to ₹164 on Friday against ₹150 a piece on...
NEW DELHI: The Centre contained its fiscal deficit at 5.6% of gross domestic product (GDP) in FY24, beating revised estimate of 5.8% on the back of improved resource mop-up and curtailed revenue expenditure, putting it on track to adhere to the glide path. In absolute terms, the FY24 fiscal...
NEW DELHI: The output of India’s eight key infrastructure industries expanded 6.2 per cent year-on-year (Y-o-Y) in April, aided by robust growth in sectors such as steel, electricity and natural gas. In comparison, the growth in output was 4.6 per cent in April 2023. However, growth in these industries...
NEW DELHI: After mopping up nearly Rs 4,300 crore from the proceeds of Bharti Hexacom’s public listing in April by selling a 15% stake, state-owned Telecom Consultants of India (TCIL) is now looking at selling the balance 15%, after telecom tariff hikes, officials said. The market is expecting a...
MUMBAI: The India hubs of multinationals that employ millions are increasingly resorting to hiring of contingent workforce, which helps them address immediate talent requirements even as they remain cautious on permanent recruitments amid a bearish global outlook. There has been a considerable increase in demand for gig employees in...
NEW DELHI: Finance minister Nirmala Sitharaman on Friday said the Modi government has turned around the banking sector through various reforms and improved governance which has led to banks recovering more than Rs 10 lakh crore from bad loans between 2014 and 2023. She said the Enforcement Directorate has...
NEW DELHI: Travel tech platform OYO reported financial year 2023-24 as the maiden profitable fiscal with a net earning of nearly Rs 100 crore, founder Ritesh Agarwal said on Thursday. In a post on social media platform X, Agarwal said he sees growth ahead “not just in India” but...
NEW DELHI: Raj Comics, the venerated publishing house that has long been synonymous with Indian comic book superheroes, announces the launch of the live-action short film series, “The Alliance: Project Metamorphosis Chapter 1 released today. This ambitious project reintroduces beloved characters such as Super Commando Dhruva and Doga, reigniting...
MUMBAI: Equity benchmark indices rebounded in early trade on Friday, after falling for the past five days, amid a rally in Asian markets along with buying in index majors Larsen & Toubro and Mahindra & Mahindra. The 30-share BSE Sensex climbed 550.22 points to 74,435.82 in early trade. The...
NEW DELHI: The Indian economy is on a firm footing with improved external sector sustainability and robust corporate balance sheets, which along with a thrust on production-linked incentive (PLI) schemes would foster job creation, the Reserve Bank of India said in its annual report issued Thursday. The central bank...