Business News

Mumbai: Private sector lender IDFC First Bank on Thursday announced the launch of its integration with ‘payments on WhatsApp’ to enable simple and secure FASTags recharge for the Bank’s customers. IDFC FIRST customers will now be able to…

New Delhi: National Sports Development Fund (NSDF) of Department of Sports, Ministry of Youth Affairs and Sports on Wednesday signed an historic Memorandum of Understanding (MoU) with NTPC (National Thermal Power Corporation) Foundation and…

Hyderabad: South Central Railway (SCR) Zone has reached one more milestone by increasing the maximum permissible speed of train services to 130 kmph in the majority sections of Secunderabad, Vijayawada and Guntakal Divisions. This has been…

New Delhi: Gross direct tax collections in the current financial year 2022-23 up to date, posted 35.46 per cent year-on-year rise to Rs 6.48 lakh crore with both corporate income tax and personal income tax showing robust growth, as per the…

New Delhi: The Union Cabinet chaired by the Prime Minister Narendra Modi on Wednesday approved the proposal on long term leasing of Railways’ land for implementing PM Gati Shakti framework. The decision will help in attracting more cargo…

New Delhi: India’s external debt stood at $ 620.7 billion as at end-March 2022 registering an increase of 8.2% over $573.7 billon as at end-March 2021, according to the 28th edition of Status Report on India’s External Debt 2021-22. In the…

New Delhi: Growing at the fastest pace among major economies, India has leaped past the UK to become the fifth largest economy in the world. As per a report by an international news agency, India achieved the feat in the final three…

New Delhi: Aided by low base, India's Gross Domestic Product (GDP) grew 13.5 per cent in the April-June quarter (Q1) of the current financial year 2022-23 as compared to 20.1 per cent in the corresponding quarter last year. The second wave…

New Delhi: India may become a $20 trillion economy by 2047 with a per capita income rising upto $10,000 in the next 25 years, according to Dr Bibek Debroy, Chairman, Economic Advisory Council to the Prime Minister (EAC-PM). "So even if you…

Seoul: South Korea's currency tumbled on Monday as hawkish comments, made by US Federal Reserve Chair Jerome Powell, led to a strong US dollar. The won/dollar exchange rate finished at 1,350.4 won per dollar, up 19.1 won from the previous…

Bhubaneswar: Odisha government has planned to set up Micro, Small and Medium Enterprises (MSMEs) parks in each and every district of the state, a top official said on Sunday. Speaking at the concluding session of Propack Odisha 2022 and…

Kathmandu: The Investment Board of Nepal has signed a MoU with India's NHPC to conduct a detailed project study survey permit of the 750 MW West Seti and 450 MW Seti River 6 hydropower projects in the country. According to the MoU, NHPC,…

New Delhi: On the back of favorable base, India's factory output measured by Index of Industrial Production (IIP) grew by 12.3% in June this year reflecting ongoing economic recovery post-pandemic. As per the data released by the Ministry…

New Delhi: Power Sector Maharatna PFC Board took a bold financial step for ameliorating stressed asset entities and accorded approval for creation of Power Asset Management Company (PAMC), for taking over the stressed/NPA power assets.…

Bengaluru: Bibek Debroy, Chairman of the Prime Minister's Economic Advisory Council, said the vision of making India a $5 trillion economy will be delayed by two to three years due to the loss of development trajectory during the Covid-19…

New York: New York City Mayor Eric Adams has said President Joe Biden is wrong in denying that the United States is in a recession and warned the financial sector that has powered the US economy for more than 200 years is now on the brink…

Washington: The US Federal Reserve on Wednesday raised its benchmark interest rate by 75 basis points, the second in a row of that magnitude, as elevated inflation showed no clear sign of easing. "Inflation remains elevated, reflecting…

Shimla: As part of Azadi Ka Amrit Mahotsav, Ministry of Power, Govt. of India is celebrating week-long Bijli Mahotsav under Ujjawal Bharat, Ujjawal Bhavishya – Power @ 2047 from 25th July to 30th July 2022. Sh. Nand Lal Sharma, Chairman…

ईपीएफओ सिफारिश: रिटायरमेंट फंड बॉडी कर्मचारी भविष्‍य निधि संगठन (EPFO) इस महीने इक्विटी में अपने निवेश को मौजूदा 15 फीसदी की सीमा से 20 फीसदी तक बढ़ाने के प्रस्ताव को मंजूरी दे सकता है। बिजनेस स्‍टैंडर्स की एक रिपोर्ट के…

MSME in India: Problems and remedies : The problems of industry parse are many. Some may be specific to the size or type or geographical locations, but it seems more than 60% of problems are common and it is irrespective of the size. When I…