Economy News

WEF meet kicks off in Davos with Crystal Awards for Beckham, Furstenberg, Yamamoto

The 55th World Economic Forum (WEF) Annual Meeting kicked off with the theme "Collaboration for the Intelligent Age", at Davos in the Swiss Alps on Tuesday with three celebrities -- football legend David Beckham, fashion designer Diane von Furstenberg, and architect Riken Yamamoto -- being awarded the prestigious Crystal Awards in recognition of their contributions to social, environmental, and creative progress.

Jan 21, 2025

India one of the world's fastest-growing economies, global hub for startups: WEF report

India stands at the forefront as one of the world's fastest-growing economies and a global hub for startups and digital innovation, a World Economic Forum (WEF) report said on Monday.

Jan 20, 2025

RBI steps to boost liquidity in banking system are smart, pragmatic: SBI

More changes in the RBI Liquidity Management Framework are likely after the daily dynamic VRR has been taken as the first step to manage liquidity in the banking system.

Jan 20, 2025

India outlines 6-point plan to boost economic ties with EU

India outlines 6-point plan to boost mutual economic ties with EU

Commerce and Industry Minister Piyush Goyal outlined six broad principles for building a mutually beneficial partnership between India and the European Union at a high-level meeting here with Maros Sefcovic

Jan 20, 2025

Foreign investments by Indian firms register double digit growth at $37.7 billion in 2024

Overseas FDI investments by Indian companies shot up by a robust 17 per cent to $37.7 billion in the calendar year 2024 from $32.29 billion in the previous year, reflecting the increasing strength of the country's corporate sector in taking up foreign ventures.

Jan 19, 2025

HSBC India gets RBI nod to open 20 new bank branches in key cities

HSBC India gets RBI approval to open 20 new bank branches in key cities [List of key cities]

HSBC India on Thursday announced that it has received approval from the Reserve Bank of India (RBI) to open 20 new bank branches in key cities.

Jan 18, 2025

Indian startups raise over $308 million this week across 24 deals

The funding season in the Indian startup ecosystem continued its growth this week as startups cumulatively raised more than $308 million across 24 deals.

Jan 18, 2025

IREDA finalises pact for joint venture to set up 900 MW hydroelectric project in Nepal

The Indian Renewable Energy Development Agency Ltd. (IREDA) on Thursday finalised a joint venture agreement with SJVN Ltd., GMR Energy Ltd., and Nepal Electricity Authority (NEA) for the development of the 900 MW Upper Karnali Hydroelectric Project in Nepal as part of a strategic initiative aimed to strengthen regional energy security and accelerate renewable energy growth, according to an official statement.

Jan 18, 2025

India Semiconductor Mission, CG Power and CG Semi ink fiscal support agreement

India Semiconductor Mission, CG Power and CG Semi signed fiscal support agreement

The India Semiconductor Mission (ISM) on Friday signed a Fiscal Support Agreement (FSA) with CG Power and CG Semi, that will help the country develop a robust semiconductor manufacturing ecosystem.

Jan 18, 2025

Tripura's lone airport upgraded for passenger movement & infrastructure development

Tripura's lone Agartala airport upgraded for more passenger movement

The Airport Authority of India (AAI) has upgraded Agartala's Maharaja Bir Bikram (MBB) Airport from Grade III to Grade II, based on the passenger movement and infrastructure development.

Jan 18, 2025

IMF projects India growth to be solid at 6.5 pc in 2025 and 2026

IMF projects India growth at 6.5 pc in 2025-26, aligns with UN report

In India, the economic growth is projected to be solid at 6.5 per cent in 2025 and 2026, as projected in October and in line with potential, the International Monetary Fund (IMF) has said in its latest World Economic Outlook (WEO) update.

Jan 18, 2025

India seeking mutually beneficial FTA with EU

Piyush Goyal to visit Brussels to discuss India-EU FTA, boost trade ties

In a bid to further boost trade and investment ties with the European Union (EU), Union Minister of Commerce and Industry Piyush Goyal is slated to visit Brussels, Belgium for a high-level dialogue.

Jan 18, 2025

Sensex snaps five-day losing streak, Nifty closes above 24,300

Week Ahead: Indian stock market awaits mixed bag of impact over Trump's inauguration

As Indian investors adopt a cautious approach ahead of the inauguration of Donald Trump as 47th US President and his comments with focus on tariffs, this week was a mixed bag for the domestic benchmark indices.

Jan 18, 2025

India has also witnessed a tenfold rise in exports of bananas in the past decade

India's exports of food goods jump 11 pc to $17.8 billion in April-Dec

India's exports of agricultural and processed food products registered a robust 11 per cent growth to $17.77 billion during April-December of the current financial year compared to the same period of the previous year, according to official figures.

Jan 17, 2025

RBI eases FEMA rules to boost rupee payments in cross-border deals

The Reserve Bank of India (RBI) on Thursday announced the issuing of revised Federal Emergency Management Agency (FEMA) regulations to permit more liberal use of INR accounts held by NRIs to make payments, in order to promote cross border transactions in the Indian rupee and national currencies of trading partner countries.

Jan 16, 2025

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Economy News

WEF meet kicks off in Davos with Crystal Awards for Beckham, Furstenberg, Yamamoto

India one of the world's fastest-growing economies, global hub for startups: WEF report

RBI steps to boost liquidity in banking system are smart, pragmatic: SBI

India outlines 6-point plan to boost mutual economic ties with EU

Foreign investments by Indian firms register double digit growth at $37.7 billion in 2024

HSBC India gets RBI approval to open 20 new bank branches in key cities [List of key cities]

Indian startups raise over $308 million this week across 24 deals

IREDA finalises pact for joint venture to set up 900 MW hydroelectric project in Nepal

India Semiconductor Mission, CG Power and CG Semi signed fiscal support agreement

Tripura's lone Agartala airport upgraded for more passenger movement

IMF projects India growth at 6.5 pc in 2025-26, aligns with UN report

Piyush Goyal to visit Brussels to discuss India-EU FTA, boost trade ties

Week Ahead: Indian stock market awaits mixed bag of impact over Trump's inauguration

India's exports of food goods jump 11 pc to $17.8 billion in April-Dec

RBI eases FEMA rules to boost rupee payments in cross-border deals

Time for India to follow suit? France, Germany, Netherlands, US banned use of EVMs [here's why]

Dhanush's Captain Miller has no buyers in Telugu states? Here's why

Deepika Padukone is a sight to behold in velvet gown; attends Academy Museum Gala with Selena Gomez, Dua Lip [see pics]

Is exhibiting cleavage mandatory? Malaika Arora opts for low neck sleeveless outfit at event in Vrindavan, leaves netizens furious

'She is cruel…': Ankita Lokhande CRIES after fight with Mannara, tells Vicky she wants to go home; fans react