Despite headwinds, global economic activity remains resilient in Q1FY24: SBI report
Mumbai: Global economic activity remained resilient in the Q1FY24, driven mainly by the services sector, according to State Bank of India’s Group Chief Economic Adviser Dr Soumya Kanti Ghosh.
Indian Rupee falls 4 paise against USD
Mumbai: The rupee on Monday declined four paise to close at 83.16 against the USD on rising demand for the US dollar by bankers and importers amid a rebounding equity market, dealers at the Foreign Exchange said.
Moody's affirms Baa3 rating for India; raises concerns over political challenges
New Delhi: Moody's Investors Service on Friday affirmed its Baa3 rating for India and upheld the stable outlook, media reports said.
Mumbai is currently the most expensive Indian city to live in: Survey
Mumbai has been ranked as the most expensive city to live in India, as per a news report released by leading property consultant Knight Frank India.
India's June industrial output grows by 3.7%
New Delhi: India's industrial output expanded by 3.7 percent in June, according to the Ministry of Statistics and Programme Implementation.
Okta forays into Indian market as part of its Asia Pacific expansion plan
Bengaluru: Okta, the leading independent identity provider, on Wednesday announced the opening of an office in India as part of its ongoing commitment to driving secure digital transformation across Asia Pacific and worldclass customer support.
Govt gets selective with dumping duty, rejection rate jumps 43%: Report
New Delhi: As part of India's drive towards self-reliance (Atmanirbhar Bharat), the Finance Ministry is increasingly adopting a discerning approach in applying dumping duties, resulting in a rejection rate of 43 percent since August 2020, TOI reported.
New Delhi/IBNS: During the closing ceremony of the '9th CII India-LAC Conclave', focused on enhancing South-South Cooperation, Sunil Barthwal, Secretary, Department of Commerce, Ministry of Commerce & Industry, highlighted the immense potential for expanding bilateral trade between India and Latin American & Caribbean (LAC) countries.
Unstoppable India: S&P global projects $6.7 trillion economy by 2031
In a promising projection, S&P Global, the renowned US-based credit ratings agency, foresees India’s economy expanding at an impressive annual growth rate of 6.7% from fiscal year 2024 to 2031.
India's services PMI surges to 13-year high of 62.3 in July
New Delhi/UNI: India's services sector expanded at a record pace in July 2023 on the back of strong demand and new business gains.
Mumbai/IBNS: Reliance Industries Limited (RIL) Monday announced entering into an agreement to invest alongside Brookfield Infrastructure and Digital Realty in their Indian SPVs set up for developing data centers in India. RIL will hold a 33.33 percent stake in each of the Indian SPVs and become an equal partner.
India's UPI to be available in Sri Lanka soon
New Delhi: India's instant payment technology Unified Payments Interface (UPI) will now be used in Sri Lanka.
Indo-Bangla taka-rupee dual currency card to be launched in September
Dhaka: Bangladesh Bank governor Abdur Rauf Talukder on Tuesday said the central bank will launch a dual currency card of Bangladeshi Taka and Indian Rupee from September.
Commerce Minister Piyush Goyal to visit UK to further FTA negotiations
New Delhi: Union Commerce and Industry Minister Piyush Goyal will visit the UK from 10th to11th July to focus on the ongoing India-UK Free Trade Agreement (FTA) negotiations and meet the ministers from the European Free Trade Association (EFTA) member countries to discuss the progress of the Trade and Economic Partnership Agreement (TEPA) with EFTA.
Bangladeshi banks to introduce India rupee transactions as foreign currency reserves fall: Report
New Delhi: Two Bangladeshi banks are set to introduce trade transactions using the Indian rupee as they aim to bolster forex reserves and reduce dependence on the US dollar, Bloomberg reported.