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Days after tweaking FDI rules, India on Thursday said no country should be worried about the new regulations. China has strongly objected to the change in rules, which makes it…
Continue Reading ‘FDI rule tweak shouldn’t worry any country’
Sri Lanka is set to enter into an agreement with the Reserve Bank of India for a currency swap worth $400 million to boost the foreign reserves and ensure the…
As a result of the deadly coronavirus pandemic, which has resulted in a global recession, remittances to India are likely to drop by 23 per cent from $83 billion last…
Fitch Ratings on Thursday slashed India’s economic growth projections to 0.8 per cent in the current 2020-21 fiscal saying an unparalleled global recession was underway due to disruptions caused by…
A report by Axis Bank has said that India would go into recession in FY21 – the first time in 40 years because of the lockdown to prevent the spread…
India is studying President Donald Trump’s executive order temporarily halting immigration into the US for 60 days and its possible impact on Indians, government sources said on Thursday.
Relaxing norms, the Reserve Bank of India on Thursday permitted banks to issue electronic cards to persons having overdraft accounts that are only in the nature of personal loan without…
Black Gold has fallen from grace. And How! US crude WTI sank into negative territory for the first time in history at -$37/barrel and Brent, the benchmark for two-thirds of…
A day after China’s outburst over the change in foreign direct investment policy, India on Tuesday hit back at its neighbour, saying the amendment did not violate any global commitment…
A South Korean firm has started production of the COVID-19 rapid antibody testing kits in its Indian subsidiary plant to meet the growing demand of the medical equipment in India…
Paytm has started curbing expenditure amid the pandemic to extend its runway. The e-payments major — India’s most valued startup at $16 billion — has been cutting costs at a…
As parts of India stirred to life on Monday amid a conditional easing of the lockdown, confusion prevailed in Delhi and NCR on how to regulate the surge of people…
The Reserve Bank of India has a number of policy options to draw upon to cushion the economic blow from the coronavirus pandemic. With a limited fiscal response so far,…
India has agreed to sell hydroxychloroquine tablets to Malaysia for use in the treatment of Covid-19 patients, a Malaysian minister told Reuters on Wednesday, with New Delhi partially lifting its…
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Former chief economic adviser (CEA) Arvind Subramanian on Wednesday said the GDP (gross domestic product) numbers being projected by the World Bank and IMF (International Monetary Fund) for India are…
More than 20 lakh jobs are at risk in India’s aviation space and dependent sectors in the wake of the coronavirus pandemic, according to global airlines’ grouping IATA. Commercial flight…
The latest IMF forecast puts India as one of the fastest growing major economies even in the midst of the Covid-19 devastation, although it will be the slowest pace of…
French IT services firm Capgemini, which has 1.2 lakh of its over 2 lakh employees in India, has rolled out high single-digit hikes for 70% of its India staff, or…
Alcohol prices in India’s grey market have more than quadrupled and online searches for how to make homemade alcohol have soared during India’s nationwide coronavirus lockdown, with bars and liquor…
India is moving the oil to the SPR to help the country’s refineries reduce their excess crude as the lockdown to contain the outbreak of COVID-19, the respiratory disease caused…
The government has aggressively begun implementing a policy to ramp up local output and emerge as an alternate to China, according to people familiar with the plan who asked not…
The International Monetary Fund on Tuesday projected a GDP growth of 1.9% for India in 2020, as the global economy hits the worst recession since the 1930s due to the…
India has cancelled a repatriation flight that was supposed to be operated by a leading European airline to fly back foreigners home from here. This airline, chartered by its home…
India on Monday tightened the curbs on import of refined palm oil by putting more conditions for the inbound shipments of the commodity. On Jan 8 the DGTF had imposed…
India’s business-to-business commerce startups like Udaan, Jumbotail, WayCool and Ninjacart — which supply groceries and vegetables to tens of thousands of kiranas — are seeing a 40 to 60% spike…
The UK will receive a first batch of 3 million paracetamol packets from India by Sunday as it expressed gratitude to the Indian government for approving this “important shipment” after…
With cancellation of over 50% of orders and gloomy forecast for the future, India’s export sector may witness 15 million job losses and rise in non-performing assets (NPAs) among exporting…
A leading consumer durables company has begun sanitising its plant in north India for a possible opening-up after three weeks of lockdown due to the coronavirus pandemic. It is already…
Energy ministers of G-20 countries on Friday backed the deepest-ever production cut deal to rebalance the global oil market, with India and Saudi Arabia – representing the high table of…