New Delhi: India, the world’s fifth largest economy in the world, is likely to overtake Japan to become the world’s third-largest economy with a GDP of USD 7.3 trillion by 2030, S&P Global Market Intelligence said in its latest issue of PMI. After two years of rapid economic growth in 2021 and 2022, the Indian economy…
New Delhi: Investors’ wealth eroded by Rs 7.59 lakh crore on Monday as the equity market took a heavy drubbing amid escalating tensions in the Middle East. The 30-share BSE Sensex plunged 825.74 points or 1.26 per cent to settle at 64,571.88 points. During the day, the index plummeted 894.94 points or 1.36 per cent to…
New Delhi: India will remain the fastest-growing major economy in the world in 2023-24 fiscal on the back of strong domestic fundamentals and benign inflation expectations, a finance ministry report said on Monday. The September edition of the Monthly Economic Review also flagged that global uncertainties have been compounded by recent developments in the Persian Gulf…
New Delhi: Science and Technology Minister Jitendra Singh on Saturday said the successful test flight of the abort mission of the Gaganyaan project has set the stage for the remaining qualification tests and unmanned missions, which would lead to India’s first human spaceflight. “Well begun is half done,” said Singh, who is also the Minister…
New Delhi: Finance Minister Nirmala Sitharaman on Friday said businesses will have to factor in the impact of global terror in making investment decisions. Addressing the Kautilya Economic Conclave 2023, she said terrorism is impacting the entire globe and no region is spared. With that level of risk or uncertainty coming into business decision-making, investments…
New Delhi: Reserve Bank Governor Shaktikanta Das on Friday said interest rate will remain high at the moment, and only time will tell for how long it remains at elevated level. In the wake of the ongoing geopolitical crisis, major central banks across the world have raised their key policy rates to deal with high…
Mumbai: A moderation in retail inflation in September from its peak in July has bolstered macroeconomic fundamentals even as global growth lost pace from the third quarter, a Reserve Bank of India (RBI) article said on Thursday. According to the article on ‘State of the Economy’ published in the latest RBI Bulletin, in India, a…
Panjim: Get ready to raise your glass! It’s International Gin and Tonic Day on October 19, 2023. Shaken not stirred. James Bond’s martini cocktail instructions are now a part of popular culture but not even many Bond fans might remember his recipe for the Gin and Tonic in Dr No (the first James Bond film…
Mumbai: Air India Group, which has embarked on ambitious expansion plans, is expected to take delivery of a new aircraft every six days on average till the end of 2024, according to a top official. The group, comprising Air India, Air India Express, AIX Connect and Vistara, is owned by the Tatas, which is also…
New Delhi: Congress leader Rahul Gandhi on Wednesday addressed the rising coal prices in India and alleged that Adani has directly looted the people of the country through high electricity bills. He cited a media report to accuse the Adani Group of over-invoicing in coal imports and fleecing people to the tune of Rs 12,000 crore in…
