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…
(Our Business Desk) Panjim (Goa) Inspired by a passion for tradition, and crafted with a desire for perfection, born as a tribute to the ‘Kadamba’ dynasty, that ruled for 300 years and was termed as Golden Age of Goa. The Legendary ‘Kadamba Indian single-malt whisky’ bagged Gold medal in Spirtz international competition with the judges…
New Delhi: Investors’ wealth surged Rs 6.88 lakh crore in four days of market rally, where the Sensex reached its lifetime high of 72,720.96 on Friday, taking the market capitalization of BSE-listed companies to a record peak of Rs 373.29 lakh crore. Rallying for the fourth day running on Friday, the 30-share BSE Sensex zoomed…
Gandhinagar: Memorandums of Understanding (MoUs) for 41,299 projects with investment proposals worth Rs 26.33 lakh crore were signed during the 10th edition of the Vibrant Gujarat Global Summit 2024, Chief Minister Bhupendra Patel said on Friday. Patel announced in a post on X as the three-day summit ended here. If the MoUs signed at the…
New Delhi: India is expected to clock a GDP growth of 6.9-7.2 percent in the current financial year on the back of improving economic fundamentals, Deloitte India said in an update to its quarterly outlook. As per the first advance estimates of national income released by the National Statistical Office (NSO), the Indian economy is…
New Delhi: The finance ministry has approved the restructuring of the Coal Controller Organisation. The move aims at regulating commercial coal mining and increasing coal production. “The restructuring of the Coal Controller Organisation has finally been approved by the Ministry of Finance,” the coal ministry said in a statement on Thursday. To align the organization…
