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Economy News

colgate palmolive, fmcg companies in india, hul, dabur, retail stores, grocery stores, toothpaste, patanjali

FMCG companies set to reduce prices after GST rate cut; but benefits unlikely to reach consumers soon

Firms like Hindustan Unilever, Dabur, Amul, GlaxoSmithKline (GSK), Procter & Gamble, Nestle and Perfetti Van Melle said they have either decided to cut down prices or are planning to do so. Nov 13, 2017
Indian Railways

10 railway stations to have airport-like facilities by 2020

Redevelopment will be in core infrastructure like platforms, lounges, ticketing counters, parking and other facilities. Nov 13, 2017
Narendra Modi Modi government modi completes two years in office

Govt plans to create jobs by training barefoot entrepreneurs

The Ministry of Skill Development and Entrepreneurship has selected Chhapra in Bihar to launch the project. Nov 13, 2017
GST

GST caused temporary slowdown, India poised to recover: Assocham

India is poised on the threshold of sustainable growth despite GST hiccups, says Assocham. Read to know more. Nov 12, 2017
Chinese economy

Chinese economy on the verge of collapse, requires thorough reforms: Central bank governor

Zhou Xiaochuan, governor of People's Bank of China, said that China's economy is currently very vulnerable due to the large amounts of borrowed capital. Nov 11, 2017
Alibaba group holdings

India-China should join hands for better trade, says Alibaba even as calls to boycott Chinese goods get louder

Alibaba chairman Benny Chen said that India is important to the region in terms of trade and the neighbouring nation was the next big thing for numerous Chinese firms. Nov 11, 2017
Zhu Guangyao

China to allow foreign players to hold majority stake in finance sector

Previously the investment from foreign players in this sector was capped at 25 percent. Market experts said that the announcement was good news for foreign banks. Nov 10, 2017
opec oil crude oil saudi arabia meeting november 30 output production cap india importer algeria iraq qatar russia non-opec cartel price brent nyse nymex

Upward move of crude oil price could hurt Modi's future moves

According to the Reserve Bank of India (RBI) estimates, if oil price hits high or even stays at the current level of $65 per barrel in the year through March, inflation could rise by 30 basis points. Nov 10, 2017
gst rates, gst rate finalisation, gst on cars, gst on food items, gst exempt on, gst on services, arun jaitley, gst council meeting at srinagar

DeMo: Nov 8, 2016 will be remembered as a watershed moment in history of Indian economy, says Arun Jaitley [READ FULL TEXT]

Jaitley also claimed that demonetisation had helped in reducing stone pelting incidents in Kashmir and curbing Naxal activities as the 'miscreants have run out of cash'. Nov 7, 2017
Electric car

Govt offers grants for cities adopting EVs for mass transport; step closer to Agenda 2030?

According to the proposal, the government would offer a maximum fund of Rs 105 crore each to the selected cities to procure mass electric vehicles for public transport. Nov 5, 2017
Walmart India to open 30 stores in next 3 years

Walmart India to open 30 stores in next 3 years [VIDEO]

The global retail giant plans to add 5-7 stores in the next calendar year even as it begins piloting 'dark stores' or fulfilment centres for retailers, stockists and kirana stores buying from it. Nov 4, 2017
India adds 1,000 technology start-ups in 2017

India adds 1,000 technology start-ups in 2017: Nasscom [VIDEO]

While Bengaluru, Delhi and Mumbai retained their position as the key start-up hubs in India, 20 per cent of the startups emerged from tier II and III cities, the report noted. Nov 4, 2017
Harsimrat Kaur Badal, Union Cabinet Minister of Food Processing in the Government of India

Central government signs Rs 10,000 crore deal with Patanjali

The Indian government had also received assurance from 13 domestic and global firms to invest a collective amount of Rs 68,000 crore in food processing over the next few years. Nov 4, 2017
Will this event strengthen India's position as a global food factory?

World Food India 2017: All you need to know [VIDEO]

India is expected to attract an investment of US $10 billion in food processing sector and generate 1 million jobs in the next 3 years. Nov 3, 2017
pmi india services gdp growth manufacturing drinking restaurant bar liquor enjoy life growth sector activity

India's services activity expands at fastest pace in October on higher demand

The Nikkei/IHS Markit Services Purchasing Managers' Index (PMI) rose to 51.7 last month — the highest since June — from 50.7 in September. Nov 3, 2017
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