Amidst strained ties with China, the pre-budget Economic Survey on Monday made a strong case for seeking foreign direct investments (FDI) from Beijing to boost local manufacturing and tap the export market. As the US and Europe are shifting their immediate sourcing away from China, it is more effective to have Chinese companies invest in India and then export the products to these markets rather than importing from the neighbouring country, the Survey said.
India's trade deficit with Russia continued to widen for the second consecutive year to $57 billion in the financial year 2023-24 (FY24), with Moscow becoming New Delhi's largest source of crude oil imports. All eyes will now be on Prime Minister Narendra Modi's visit to Russia during July 8-9, where he is set to meet President Vladimir Putin. This will be Modi's first visit to the Kremlin since the Russia-Ukraine conflict began over two years ago.
The North Atlantic Treaty Organisation attack that killed 24 Pakistani troops has widened the US-Pak rift, according to a leading American daily, which said the Obama administration's regret and Islamabad's anger over the strike reflects a "deepening distrust" that gets harder to repair with each new confrontation.
The Delhi government must come before the court and tell "how it will compensate for the damage caused to the environment due to its illegal acts", the bench said.
A department committee, set up to look at ways to expand the TDS net, is scheduled to meet in Hyderabad to discuss the proposal. hile some services like contracts, construction and rentals are under the TDS net, a large number of services like beauty treatment, connectivity between mobile operators, event management, credit rating agencies, market research firms and authorised automobile service stations are not.
SBI's ownership should give confidence to depositors and lenders about the bank's solvency.
India's GDP growth rate will rise to 7 per cent by 2026 compared to 4.6 per cent for China, S&P Global Ratings said on Tuesday. In a report titled 'China Slows India Grows', S&P said it expects Asia-Pacific's growth engine to shift from China to South and Southeast Asia. "We project China's GDP growth to slow to 4.6 per cent in 2024 (2023: 5.4 per cent), edge up to 4.8 per cent in 2025, and return to 4.6 per cent in 2026.
The trade deficit with China continues to soar at a blistering pace even as India is looking at aggressively increasing and strategising the reach of its products into the Chinese markets.
Close to half of women soccer fans in England and Wales have personally experienced sexist or misogynistic abuse at matches but most have never reported it to authorities, a new study by anti-discrimination charity Kick It Out revealed on Wednesday.
India's current account deficit (CAD) may dip further in the March quarter of FY24 as pressure from the negative net exports during the January-March period eased to an 11-quarter high. A part of the gross domestic product (GDP) data, net export- which is usually negative for India - captures the difference between exports and imports of both goods and services, while the CAD data, released by the Reserve Bank of India (RBI), also factors in private transfer receipts.
From connectivity woes to infrastructure advancements and the startup boom, there is a gulf between claims and reality in India's economic landscape, points out Devangshu Datta.
Lakshya Sen shrugged off the cancellation of his opening match win and defeated Julien Carraggi of Belgium in straight games
A trip to any of these enchanting waterfalls guarantees a memorable vacation.
I-T Dept cleared Rs 23,000-crore refunds in direct taxes.
A strong aftershock of magnitude 7.1 jolted Japan's northeast on Monday on the one-month anniversary of the devastating quake and tsunami that had left thousands of people dead, prompting authorities to evacuate workers from the crippled Fukushima nuclear plant. The epicentre of the latest quake, which occurred at 17:16 hours local time, was in an area in Fukushima prefecture, about 164 km northeast of Tokyo, and it struck at a depth of just 10 km.
A year ago, Yippee had 14 per cent, according to industry.
In a first, BJP crossed the 10 per cent vote share-mark in Tamil Nadu and has so far registered a share of 10.21 per cent, though it could not emerge in lead positions anywhere.
Any downward revision from the current 'Baa3' rating means junk status for the country.
The country's leading cement maker UltraTech on Thursday said it will acquire a 23 per cent stake in its Chennai-based rival India Cements Ltd, in a deal estimated to be around Rs 1,885 crore. As part of the transaction, UltraTech Cement will acquire 7.06 crores equity shares of India Cements at a price of up to Rs 267 per share, according to a regulatory filing from the Aditya Birla Group flagship firm.
Ahead of his much-anticipated visit to conflict-torn Ukraine, Prime Minister Narendra Modi on Thursday said India firmly believes that no problem can be solved on the battlefield and it is ready to extend all possible cooperation for the restoration of peace and stability in the region.
Contributions made to public funded universities, IITs, national laboratories and autonomous bodies engaged in conducting research in science, technology, engineering and medicine has now been recognised as part of CSR by the government.
'The impact player rule has skewed the game heavily in favour of the batters.' 'The second factor is that all venues have BCCI-appointed curators as opposed to local curators.' 'This has essentially taken the home advantage out of the equation.'
The cost of deposits is on the rise, but banks can't raise interest rate on close to 60% of their loan books, points out Tamal Bandyopadhyay.
Though crude oil prices in the market are at a record high and analysts say they could breach the $200-per-barrel mark soon, consumption has grown rapidly in India as prices of petrol, diesel, kerosene and liquefied petroleum gas are heavily subsidised by the government and its oil production and marketing companies. Higher demand, coupled with higher prices, is also likely to drive up the country's oil import bill to over $100 billion in this financial year.
Throughout its 155 minutes, every scene is doused in blaring background music and melodrama. Disappointment alone won't do, it must feel like a full blown catastrophe, observes Sukanya Verma.
Budget airline SpiceJet's net loss widened to Rs 321.51 crore for the quarter ended March 31, 2014.
India's exports surged by 11 per cent to $131.47 billion in the first quarter of this year but with imports registering an over 27 per cent growth, the country's trade deficit widened, official figures stated.
Pezeshkian gained the attention of people for his stance against the crackdown on the 2009 pro-democracy protests and the violence perpetrated by the notorious morality police in 2022 after Mahsa Amini's death.
'The revenue projection arises out of all sectors doing well and the formalisation of the economy helps in making sure the tax domain gets widened.'
Exports of petroleum products, chemicals, pharmaceuticals, gems and jewellery, and engineering goods registered a positive growth.
The government would also take steps to promote exports and restrict non-essential imports, said Jaitley
The ongoing Russia-Ukraine conflict has demonstrated the integration of multiple forces in domains of air, land, sea, cyber, information and space, and how they are "united" to achieve the goal, Vice Chief of the Air Staff, Air Marshal A P Singh, said on Friday.
Security forces tightened their cordon around a forest area in the higher reaches of Doda district on Tuesday evening following an encounter with hiding terrorists, officials said.
Track and field athletes, who were leading the Indian charge in the past few days, fetched the maximum 12 medals but just two of them were gold.
'I would have become a big star 11 years ago if things had worked as per my plans.'
When I asked Krishna Gopal Sengupta, who had travelled through Bangladesh from Chittagong to Petrapole if the interim government had made any impact at ground level, he said, "it's been only a couple of days. They will need some time." Shyam G Menon reports from Petrapole, India's entry point with Bangladesh.
India will drive growth in the Asia-Pacific (Apac) region as the growth engine is likely to shift from China to South and Southeast Asia in the coming years, S&P Global Ratings said in a report on Tuesday. The rating agency's report projected China's growth to slow down to 4.6 per cent by 2026 from an estimated 5.4 per cent in 2023. India is likely to clock 7 per cent economic growth from 6.4 per cent estimated for 2023.
Images from the football matches played across Europe on Sunday
The rift between the Bharatiya Janata Party and ally Janata Dal-United widened on Sunday with Bihar Deputy Chief Minister Sushil Kumar Modi pulling out of functions to be addressed by Nitish Kumar to protest the return of flood relief money to Gujarat, after which the chief minister cancelled his programme.
