MUMBAI: Deal values in India more than halved in 2023 to USD 66 billion despite high growth, as investors took a wait-and-watch approach, a report said on Friday. From a volume perspective, there were 1,641 deals — a drop of more than 20 per cent over 2022 — the...
NEW DELHI: Food regulator FSSAI CEO G Kamala Vardhana Rao on Friday stressed on adoption of bio-pesticides to ensure safety and quality of tea production. Food Safety and Standards Authority of India (FSSAI) CEO Rao addressed a gathering of tea growers and tea planters during an interactive session held...
NEW DELHI: The country’s wheat production is expected to be good this year amid higher coverage, according to Agriculture Minister Arjun Munda. The sowing of wheat, the main rabi (winter) crop, that began in October has been completed. Uttar Pradesh, Madhya Pradesh, and Punjab are the top three states...
MUMBAI: Indian carriers are expected to have an order book for 2,000 planes by March next year, with long-term rapid growth for both domestic and international air traffic, according to a report on Friday. The domestic airlines currently have an order book for close to 1,620 aircraft, including the...
NEW DELHI: A survey encompassing 73,000 school students aged 7 to 17 nationwide has brought to light a concerning trend: two in five children lack a healthy Body Mass Index (BMI), and three in five exhibit insufficient upper and lower body strength. Interestingly, girls outperformed boys in BMI and...
MUMBAI: India should sustain the strong growth momentum in the next financial year by securing at least a 7 per cent expansion in GDP while the headline inflation needs to align with the target of 4 per cent by the second quarter of FY25, as projected, said the Reserve...
NEW DELHI: India, in the 13th ministerial conference (MC13) of the World Trade Organisation (WTO) in February, will push for fast-tracking its demand for a solution on public stockholding for food grains, over negotiations on other agriculture-related issues. “The public stockpiling of food grain is the longest-pending issue. Promise...
NEW DELHI: Telecom companies have urged the government to abolish the universal services obligation fund (USOF) levy, reduce licence fee, and bring in exemptions from Customs duty on import of telecom equipment and goods and services tax (GST). The Cellular Operators Association of India (COAI), which represents major telecom...
BENGALURU: Ecommerce sites had seen a significant dip in sales volume in December immediately after the end of the festive season, triggering growth concerns among online marketplaces and brands, according to industry executives. The ongoing Republic Day sales, however, have brought some respite to online shopping platforms, with a...
The International Energy Agency (IEA) on Thursday made a further upward revision to its 2024 oil demand growth forecast, though its projection remains dramatically lower than producer group OPEC’s expectations. The Paris-based agency’s forecast, its third consecutive upward revision in as many months, predicts that global oil consumption will...
The commerce ministry has started work on an online platform that will facilitate aspiring exporters through guidance and hand- holding in all aspects of trade and it will be made operational in the next three months, Director General of Foreign Trade Santosh Kumar Sarangi said on Thursday. The Trade...
NEW DELHI: Union Cabinet on Thursday approved the creation of three senior official level posts for the 16th Finance Commission. In a statement, the government said that the Cabinet approved the creation of three posts at the level of Joint Secretary i.e. two posts of Joint Secretary and one...
HYDERABAD: Airport Authority of India (AAI) plans to spend ₹5,000 crore annually on capital expenditure in the coming years with a strong pipeline of projects, AAI chairman Sanjeev Kumar said. While new terminals are being built and airside capacity is being expanded at various airports to handle extra flights,...
NEW DELHI: The Union Power Ministry has said that it will offer additional financial support to Discoms that are doing commendable work in reducing losses and installing smart meters. During the ongoing two-day review, planning and monitoring (RPM) meeting of the power sector, which commenced on January 18, the...
DAVOS: Indian Railways plans to enter into a memorandum of understanding with the Swiss railway to learn from some of their best practices and procedures including the hub and spoke model and tunnelling technology, Railway Minister Ashwini Vaishnaw said on Thursday. In an interview with PTI here during the...
NEW DELHI: The interim budget 2024-25 will likely allocate Rs 2.8-3 trillion for the Railways to keep its capex momentum intact, compared with Rs 2.4 trillion provided in the 2023-24 (Budget Estimate). This would mean that the transporter which makes little operational surplus would not have to resort to...
MUMBAI: Consumer price index-based inflation, the main yardstick for the Reserve Bank of India’s policy making, is likely to average 4.5 per cent in the next financial year and gross domestic product (GDP) growth is likely to stay above 7 per cent, Governor Shaktikanta Das said on Wednesday. “At...
MUMBAI: A precipitous decline in shares of HDFC Bank, the most heavyweight component of the Nifty and the Sensex, on Wednesday, triggered the worst day for the domestic markets in nearly a year and a half. The Sensex closed at 71,501, shedding 1,628 points or 2.2 per cent, marking...