Economy News

Retail Inflation for FY25 projected at 4.5 pc, food inflation to drop later in year: RBI Governor

Reserve Bank of India (RBI) Governor Shaktikanta Das on Wednesday said that retail inflation for the current fiscal (FY25) is projected at 4.5 per cent due to healthy monsoon and sound supply conditions.

Oct 9, 2024

Atal Pension Yojana Crosses 7 Crore Enrollment Mark In Ten Years

The Atal Pension Yojana (APY) in India has crossed 7 crore enrollments, marking its 10th year. The APY provides a guaranteed minimum pension to unorganised workers, addressing their financial insecurities.

Oct 8, 2024

DGCA issues safety guidance for Boeing 737 aircraft for low-visibility landings

DGCA issues safety guidance for Boeing 737 aircraft for low-visibility landingsThe Directorate General of Civil Aviation (DGCA) on Monday asked operators of Boeing 737 aircraft with a specific rudder part to not use the planes for low-visibility landings.

Oct 8, 2024

Indian E-commerce Market Set to Soar to $325 Billion by 2030

The Indian e-commerce market is projected to reach $325 billion by 2030, driven by rural demand and a 21% CAGR. Retailers are adapting to omnichannel strategies and expanding in tier 2 and 3 cities, with growth also fueled by increased smartphone use and internet access.

Oct 8, 2024

RBI MPC likely to maintain status quo on policy rates: Experts

The RBI's monetary policy committee (MPC) meeting from October 7-9 is unlikely to cut the benchmark interest rate and a dovish tone could set the direction moving forward

Oct 6, 2024

AI's Impact Comparable to Nuclear Weapons: India's EAM

India's External Affairs Minister, Dr. S. Jaishankar, compared the potential dangers of AI to those of nuclear weapons. He highlighted the significance of demographics and connectivity as factors that will change the global order.

Oct 6, 2024

Gold prices skyrocket amid Middle East tensions as Iran-Israeli War looms larger

Gold prices continue to rise amid heightened tension in the Middle East, as the precious metal saw a definitive surge this week. The Iran-Israel conflict has kept buyers position intact even after prices were overbought.

Oct 5, 2024

India created 1.7 Cr or 36% jobs between 2016-17 and 2022-23: Centre

Contrary to the claims of "jobless growth," the latest government data shows that employment in India increased by 36 per cent (17 million jobs) between 2016-17 and 2022-23.

Oct 5, 2024

Demand for tech-centric jobs to grow by 22% in next 2 years: Report

Job demand for technology-specific roles in India has grown by 17 per cent in the past 12 months, and is projected to increase by 22 per cent over the next 24 months

Oct 3, 2024

Salary hike in 2025 may reach 9.5%, attrition rate slows down: Report

Salaries in India are projected to increase by 9.5 per cent in 2025, compared to an actual increase of 9.3 per cent this year

Oct 3, 2024

Leverage India's unmatched scale: Piyush Goyal tells US companies

Union Commerce Minister Piyush Goyal has invited American companies to leverage India's unmatched scale and take advantage of the 'Make in India' initiative, particularly in high-tech manufacturing and quality production.

Oct 2, 2024

Vistara merger with Air India next month, to get 'AI2' flight number

National carrier Air India on Wednesday said that flights operated by Vistara will start using the flight code 'AI2' after the merger of the two airlines next month.

Oct 2, 2024

Ola Electric's EV Market Share Falls to 27% Amid Growing Challenges

Bhavish Aggarwal-run Ola Electric continues to lose its market share in the Indian EV market and in the month of September, it further dropped to 27 per cent amid rising competition as well as its crippling service centres.

Oct 2, 2024

Ola Electric share tanks 4 pc, trades below Rs 100 for 1st time

Shares of Ola Electric Mobility fell more than 4 per cent on Monday and slipped below the Rs 100 mark for the first time since its listing last month.

Oct 1, 2024

What is BRAP 2024: A Game-Changer for India's Business Landscape

The Indian government's BRAP 2024 aims to bolster the 'Make in India' initiative and enhance ease of doing business. The plan introduces an innovative assessment methodology and focuses on reducing approval times.

Oct 1, 2024