FDI is a major driver of economic growth and a source of non-debt finance for the economic development of the country. The government has put in place an investor-friendly policy on FDI, under which investment up to 100 per cent is permitted on the automatic route in most sectors/ activities. At $ 64.37 billion, FDI in 2018-19 is the highest ever investment received for any financial year.
Nifty50 surged 145 points to close at 8,468 after hitting an intra-day high of 8,475.
ignio has more than 75 patents filed in the artificial intelligence, machine-learning and intelligent-automation space
UN economists announced a likely USD 50 billion drop in the worldwide manufacturing exports in February alone as the extent of the damage to the global economy caused by the novel coronavirus (COVID-19) moved further into focus. Citing the China Manufacturing Purchasing Manager's Index (PMI), Pamela Coke-Hamilton, who heads UNCTAD's Division on International Trade and Commodities, said that it had fallen to 37.5 -- a drop of about 20 points -- the lowest reading since 2004. "This also correlates directly to exports and also implies a two per cent drop in overall exports," she said, with a resulting "ripple effect" worldwide "to the tune of a USD 50 billion fall in exports."
She said that despite government scheme and initiatives ranging from roads to agriculture, housing, scholarships to electricity benefiting lives of people, a false narrative was being created by the opposition that the government was working for cronies.
Component makers don't see any recovery yet, but manufacturers believe the end of poor sales is nearing its end.
The once-powerful Japanese major is left with little to show in the face of sustained competition from rivals.
Although residential sales faced a major set back in Q2, they made a comeback with help of pent up demand.
Roughly 70 per cent of the country's car owners may cringe at the rise in fuel prices, but the rising cost of petrol and diesel does not appear to have put the brakes on the market for luxury cars, even though they deliver a measly mileage in single digits. Till April, sales of luxury cars, defined as those costing Rs 40 lakh and more, touched 4,000 units the same as the number of cars sold for the whole of 2007.
The trade deal, officials say, can lead to an effective trading bloc against the China-led Regional Comprehensive Economic Partnership.
Irrespective of demonetisation and GST blues, IIM Lucknow has been able to successfully place their batch of 459 students.
The new car, which would come in four variants and two options, is priced between Rs 2.57 lakh and Rs 3.53 lakh.
Reliance reported record pre-tax profit from its retail and telecom businesses. The two now account for nearly 32 per cent of EBITDA, up from close to 25 per cent previously.
India is the first country to launch the second generation Amaze and the car has been developed considering the needs and aspirations of Indian customers
The trend in corporate earnings suggests that index earnings could fall to the levels last seen in early 2014.
We recently got our hands on Nokia's upcoming flagship Symbian^3 device, the Nokia N8, which is due to release at the end of September. A hands-on preview to whet your appetite.
'We've seen tremendous traction from fruit and vegetables.' 'Around 18% of our business comes from these, almost three times higher than physical stores.'
Driven by robust demand, the domestic automobile industry is expected to maintain double-digit growth for the third consecutive calendar year, growing 17 per cent in 2006.
The author meets the brains behind Unocoin, the first Indian Bitcoin exchange and merchant processor in India to have raised international funding.
Analysts now expect India Inc to report a decline in both top line and bottom line for the September quarter.
The Modi government is notoriously honest about one fact: It does not listen to economists, observes Shekhar Gupta.
Chipmaker Intel, which last week announced a partnership with watches and fashion accessory retailer Fossil Group to develop wearable devices, is scouting for manufacturers to launch such devices in India.
Country's largest carmaker Maruti Suzuki India (MSI) on Monday reported 8.7 per cent increase in total sales in February.
'The government has realised that the finances of the government are in a precarious state.' 'We are borrowing to fund the ever-burgeoning revenue deficit.' 'Then you are paying interest on the fresh borrowing.' 'For the first time, the government has realised that this cannot go on.'
In Parekh, an IIT-Bombay and Cornell University alumnus, Infosys may have finally found a person who will grab the market opportunity with good execution.
The company expects net proceeds of Rs 53,036.13 crore from the rights issue that opens on May 20 and closes on June 3.
The Indian auto industry witnessed contrasting fortunes in the domestic sales of cars and motorcycles in August with the former continuing in the double digit growth path, while bikes slowed down to just 3.43 per cent.
'Beijing is comfortable with Hasina's pragmatism -- perceived as 'pro-India', but staying out of Indian orbit and receptive to forging close ties with China and yet, siding with neither neighbour,' says Ambassador M K Bhadrakumar.
Xiaomi now a lifestyle player, quietly launching a slew of non-smartphone products like Mi branded luggage, backpacks, apparel, U-shaped pillows, pens, home security cameras and air purifiers.
Rajesh Bhayani highlights all that you need to know about the online currency.
Here's the full text of President's Ram Nath Kovind's address to the joint sitting of both houses of Parliament on the first of Budget Session 2022.
As the excise duty cut for small cars spurred demand, market leader Maruti Udyog Ltd on Monday reported a 15.7 per cent increase in total sales at 63,196 units in March
In terms of viewership, the IPL even outperformed some of the pay-per-view matches of the Premier League in Britain.
'Willing to spend is different from when to spend and how much to spend'
Net sales during the reported quarter rose to Rs 20,594.3 crore, up 14.4 per cent against the year-ago period.
Buoyed by strong sales, Maruti Suzuki, Hyundai and Honda have scaled up their annual targets, but others are still stuck in low gear
So far in the first nine months of 2014, Mercedes Benz India has sold 7,529 units, up 16 per cent from the same period last year.
'As banks grapple with risk aversion and savers see an erosion in the value of money, the P2P platform can be a win-win for both borrowers and lenders,' notes Tamal Bandyopadhyay.
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