New Delhi: Tamil Nadu’s nominal Gross State Domestic Product (GSDP) is estimated to expand to around USD 2.6 trillion by 2047-48, from USD 294 billion last fiscal, but the state will need to allocate capital expenditure of USD 111 billion to realise this potential growth, according to a report by CREDAI and Knight Frank. Real…
New Delhi: The ongoing attacks on shipping vessels by Houthi militants in the Red Sea have not impacted the flow of crude oil to India but freight has gone up due to rerouting via the Cape of Good Hope, Hindustan Petroleum Corporation Ltd (HPCL) chairman Pushp Kumar Joshi said. India, the world’s third-biggest oil importer,…
Panaji (Goa): The Cheers group, India’s leading luxury spirits conglomerate has been honoured with top awards at the global Drinks Live prestigious Business Awards including ‘Lifetime Achievement’ Award for its founder Dr Mohan Krishna. Dr Krishna is the “World’s first liquor marketing Doctorate” and recipient of “Alcobev marketing guru” and “Marketing scientist of the millennium”…
Mumbai: Private carrier Air India on Monday commenced the commercial operations of its first wide-body A350 aircraft with a flight taking off for Chennai from the Mumbai airport. The 316-seater A350-900 aircraft has a three-class cabin configuration with 28 private business suites with full-flat beds, 24 premium economy and 264 economy seats. “Air India flight…
Raipur: Lok Sabha Speaker Om Birla has said that all three pillars of the Constitution have their limitations and they should try to work within their limits and scope of work. Birla was talking to reporters on Saturday after his session during an orientation programme organised for the newly elected MLAs of the Chhattisgarh assembly….
Davos: Indian economy should record a growth rate of 7 per cent in the next fiscal and inflation is likely to ease further, RBI Governor Shaktikanta Das said on Wednesday. He also credited the government for structural reforms undertaken in recent years, saying they have boosted the medium and long-term growth prospects of the Indian…
New Delhi: Investors became poorer by Rs 4.59 lakh crore on Wednesday due to a sharp fall in the equity markets where the BSE Sensex plummeted 1,628 points, dragged by bank stocks and weak global trends. Extending its previous day’s decline, the 30-share BSE Sensex tanked 1,628.01 points or 2.23 per cent to settle at…
New Delhi: India has asked the US to allow domestic labs also for irradiation of certain fruits like mangoes to help exporters cut additional trade costs, an official said. At present, exporters have to carry out irradiation at the US ports, which increases cost and uncertainty in case of rejection of the consignment. The issue…
New Delhi: Finance Minister Nirmala Sitharaman is likely to step up efforts to boost consumption and rural economy while keeping inflation under check when she presents her sixth straight Budget on February 1. Experts said one way to boost consumption is to put more money in the hands of people, and one of the possible…
Islamabad: Pakistan’s Supreme Court late Saturday night declared null and void the intra-party polls of Pakistan Tehreek-e-Insaf (PTI) and deprived the party of the ‘bat’ as election symbol, settling the raging controversy over the award of the iconic electoral symbol. The Election Commission of Pakistan (ECP) had challenged the verdict of the two-member bench of…
