NEW DELHI: India’s growth momentum remains strong with Asia’s third-largest economy expected to expand 6.5-7% this year on the back of a good monsoon that is expected to help boost farm growth and rural demand as well as private investment, chief economic adviser V Anantha Nageswaran said on Friday.“In the medium term, the Indian economy…
India Q1 GDP growth: India’s economic growth slowed to 6.7% year-on-year in the April-June quarter, falling short of the 6.8-7% GDP growth expected by most economists. The slowdown was attributed to reduced government spending during the national elections. However, India maintained its position as the fastest-growing major economy, outpacing China’s 4.7% growth in the same…
NEW DELHI: Prime Minister Narendra Modi on Friday will lay the foundation for construction of the Vadhvan Port project, estimated to cost around Rs 76,000 crore, in Maharashtra‘s Palghar. Before departing for Maharashtra, PM Modi called the ‘Vadhvan Port project’ a “very special project”“A very special project that will contribute to India’s development. It will…
NEW DELHI: Vistara will merge into Air India on November 12. This date is learnt to have been finalised soon after the government has approved foreign direct investment (FDI) by Singapore Airlines into Air India. In a statement, SIA — which owned 49% in Vistara and will own get 25.1% stake in the merged AI…
Stock market today: BSE Sensex and Nifty50, the Indian equity benchmark indices, surged in opening trade on Friday scaling lifetime highs. While BSE Sensex hit an all time high of 82,637.03, Nifty50 saw a lifetime high of 25,257.65. At 9:21 AM, BSE Sensex was trading at 82,390.52, up 256 points or 0.31%. Nifty50 was at…
NEW DELHI: Union finance ministry issued an advisory on Wednesday, August 28, clarifying that persons from the LGBTQ community face no restrictions in opening joint bank accounts or nominating their partners as beneficiaries. “This is to clarify that there are no restrictions for persons of the queer community to open a joint bank account and…
NEW DELHI: The Indian Govt has approved foreign direct investment (FDI) by Singapore Airlines into Air India, paving the way for the merger of Vistara into AI by the end of this calendar year. In a statement, SIA — which owned 49% in Vistara and will own get 25.1% stake in the merged AI by…
MUMBAI: India’s billionaire count crossed the triple century mark, with 334 billionaires compared to 259 in 2023 and 109 in 2014. This year’s Hurun Rich List includes 1,539 individuals with a net worth of Rs 1,000 crore or more – an increase of 220 from last year, and with 272 new entrants. The wealth calculations…
Hurun India Rich List 2024: India’s billionaire count has reached a new milestone, with the country adding a billionaire every five days in the past year, bringing the total number of US dollar billionaires to over 300 for the first time. The 2024 Hurun India Rich List reveals that India now has 334 billionaires, an…
NEW DELHI: Cabinet on Wednesday approved setting up of 12 industrial smart cities with an investment of Rs 28,500 crore under National Industrial Corridor Development Programme. The move is set to generate employment of around 12 lakh mandays, 12 lakh direct jobs and 20 lakh indirect jobs.Here is the full list of industrial areas planned:First:…
