Economy News

Amazon plans to buy 26% stake in Mukesh Ambani-led Reliance Retail

Amazon and Flipkart have seen a steady increase in their revenue even after drastic changes in the FDI policy.

Aug 1, 2019

India may be one of the top 20 FDI sources in 2021, a UN report says.

India received highest-ever FDI worth $64.37 billion in 2018-19

FDI brings in resources, the latest technology and best practices to push economic growth on to a higher trajectory.

Aug 1, 2019

India to focus on buildings of the future: Building Innovation Guide

India is poised to become the world's fifth-largest economy, with the buildings sector representing over 30 percent of the nation's energy consumption.

Jul 30, 2019

India Inc. goes for cost optimisation amid slowdown in economy

The Indian economy grew at a five-year low of 5.8 percent in the quarter ended March 31st, as per the latest government data.

Jul 30, 2019

JLL India sees 17% revenue growth, plans to hire 2,000 more this year

JLL has annual revenue of about $16.3 billion from over 80 countries and has a workforce of about 91,000 employees.

Jul 29, 2019

India to be third biggest economy by 2024, says Amit Shah

Amit Shah was speaking at the second ground-breaking ceremony in Lucknow which saw the launch of more than 250 projects worth Rs 65,000 crore.

Jul 28, 2019

Trump insists Apple should pay tarrifs for China made gadgets

Apple asked the US Trade Representative's office earlier this month to waive 25% tariffs on 15 parts, including ones for the Mac Pro desktop computer.

Jul 27, 2019

Nissan to fire 1,700 employees in India, plans for 12,500 job cuts worldwide

Nissan will be cutting down 1,420 employees from the US, 1,000 in Mexico, 830 in Indonesia and about 880 in Japan as an initiative to improve its efficiency.

Jul 26, 2019

Download PAN card online in 7 easy steps: How much e-PAN costs and is it valid?

The Income Tax department has made it a lot easier for PAN cardholders to retrieve e-PAN copy without any hassles.

Jul 26, 2019

Anil Ambani's Reliance Naval on verge of bankruptcy; owes Rs 9,399 crore to creditors

Reliance Naval, earlier known as Pipavav Defence & Offshore Engineering, is facing financial crisis under the leadership of the SKIL Group.

Jul 25, 2019

Boeing reports $2.9 billion loss amid 737 MAX grounding crisis

Since March's Ethiopian Airline crash, Boeing shares have dropped about 14 percent while the broader S&P 500 gained about 10 percent. Boeing shares are now 3.1 percent lower at $361.43.

Jul 25, 2019

UK, India can do great business and achieve real change: British envoy

Indian investments in the UK increases: 842 Indian companies operating in the UK, up from 800 in the previous year.

Jul 24, 2019

india gdp, asian development bank, adb projects india gdp for fy2018, indian economy

India to grow at slower pace in next two years, global growth to decline, says IMF

A decline in the global economy due to heightened tensions between US-China despite trade truce has also threatened global technology supply chains.

Jul 24, 2019

Reserving 75% jobs for locals will only hamper economic growth of Andhra Pradesh

Jagan Mohan Reddy government's proposed law to enforce 75 percent private sector job quota for locals may not help job creation as it could affect the ease of doing business.

Jul 23, 2019

FPI divests Rs 7,712 crore from Indian equity market, shows disinterest after Budget 2019-20

Some of the other reasons for the investment lags are related to the international tension between US-Iran which is creating global disruption in liquidity flow.

Jul 21, 2019

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