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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...
NEW DELHI: Fitch Ratings on Thursday raised its forecast for India’s economic growth to 7 per cent for the next fiscal year starting April 1 on the back of strong domestic demand and sustained level of business and consumer confidence. With a stronger-than-expected 8.4 per cent growth in gross...
NEW DELHI: Cyber attacks and data breaches are the top business risks for organisations in India, according to the 2023 Global Risk Management Survey. Cyber attacks and data breaches were placed seventh in the 2021 business risks survey. Global professional services firm Aon collected inputs from around 3,000 risk...
NEW DELHI: The Rs 500 crore Electric Mobility Promotion Scheme 2024 shows the government’s continued thrust on vehicle electrification as it is indispensable on a long-term basis to fortify the case for an EV ecosystem, industry experts said on Thursday. Ministry of Heavy Industries has announced the new scheme...
KOLKATA: Leading home appliances company Blue Star will invest Rs 250 crore in the next financial year to raise the manufacturing capacity of room air conditioners at its Sri City facility in Andhra Pradesh, an official said here on Thursday. The company now has a production capacity of 10...
NEW DELHI: The Centre has revised a flexible complementing scheme related to the recruitment and promotion of scientists in different Central Government departments, according to an official order. The move was necessitated considering the evolving advancement in the field of science and technology, and the requests of the various...
NEW DELHI: The commerce ministry is in discussions with the Reserve Bank of India (RBI) to facilitate e-commerce exports by liberalising the Foreign Exchange Management Act (FEMA) guidelines, Santosh Kumar Sarangi, Director General of Foreign Trade (DGFT) said on Thursday. “A few days back we had a meeting with...
NEW DELHI: New unicorns are likely to add $1 trillion to the Indian economy, which would reach $7 trillion size by 2030, and add 50 million new jobs, according to a report released by industry body CII on Thursday. Startup firms valued over $1 billion are categorised as unicorns....
India’s government is planning a number of steps to improve the quality of its economic data, including kicking off a long-delayed population census, according to people familiar with the matter. The Statistics Ministry has made a number of proposals that have been discussed by Prime Minister Narendra Modi’s office...