Spending at restaurants and bars grew more than 8 per cent compared to the year before.
State-owned fuel retailers, who control 95 per cent of the petrol pump sales, sell diesel at government-fixed rates, which are way lower than the cost of production.
'We can go with smaller ensembles -- even 15 or 20 creations from a designer.' 'We are keeping the focus squarely on quality over quantity.' 'India Couture Week is, after all, about the best of the best,' FDCI Chairman Sunil Sethi tells Veenu Sandhu
A 'green' tax aimed at discouraging high consumption of petroleum products may be in the offing, a government official said on Wednesday. The tax, perhaps in the form of a cess on consumption, would also check vehicular pollution to some extent and also help in controlling the high oil subsidy burden.With no sign of moderation in demand for petroleum products, government officials feel that a 'green' tax should be levied on automobiles, on the lines of similar taxes in UK.
Financials were the top losers while oil shares also declined amid weak crude oil prices.
However, the World Bank has projected India's GDP growth rate at 7.5 per cent for the next three financial years, including the current one.
Geoff Polites, CEO of Jaguar Land Rover who is credited with successfully turning around the company and steering it through its $2.3 billion sale to Tata Motors, has died.Polites, 60, breathed his last in Melbourne after battling serious illness for two years. Ford Australia president Bill Osborne said Polites had battled ill health for the past two years but remained determined to return the Ford-owned Jaguar and Land Rover brands to profitability.
India on track to be third largest consumer economy by 2025.
Gaurav Mehta, one of 100 'Young Global Leaders', is tapping entrepreneurs inside rural Indians.
US consumer confidence tumbled to a five-year low in March, disappointing economists and raising fears that the American economy could be heading into a deep recession. The Conference Board's confidence index fell from 76.4 in February 64.5 this month, compared with economists' expectations of a much lighter drop to about 74, as US consumers fretted over the deteriorating labour market and higher food and energy prices.
Officials say a fall in global oil prices will reduce the government's subsidy burden, giving it a greater chance of hitting its ambitious fiscal deficit target of 4.1 percent of gross domestic product in the fiscal year to March.
India is world's third-largest smartphone market with over 100 million smartphones sold last year.
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.
The company faces a potential tax demand.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Among India's capital-starved local banks, Essar is viewed as too big to fail.
The car is expected to hit the road on October 23 and is being launched as Hyundai celebrates two decades in the country. Industry sources say that it will be priced at Rs 3,70,000 to stay competitive with its biggest competitors, Tata Tiago and Maruti Suzuki Celerio.
Blix said the Cold War thinking underpinned the US' new nuclear deal with India, which he says is aimed at containing China.
Most of the index heavyweights are yet to declare their results.
The development comes close on the heels of DLF's closing the Rs 325-crore (Rs 3.25-billion) deal to sell 150 MW wind turbine project in Gujarat.
Markets ended lower amid volatile trade with Sun Pharma leading the decline.
Repeat business from existing clients is not coming easily and companies are still in the process of building digital capabilities
Duty cut on raw material imports are not likely.
Though strikingly similar to the Tiago, the Tata Tigor takes the design quotient a notch higher, says P Tharyan.
Banks need assistance to complete projects that they have taken over
Asset sales have helped ease investors' worry but debt remains at alarming levels
ONGC is close to finalising a stake sale in two of its blocks -- one in the Krishna-Godavari basin and another in the Mahanadi basin -- to British Gas. It is also talking to US-based Noble Energy for offering it stake in some of its blocks in India. ONGC has already agreed to give a stake to Brazilian company Petrobras, Norwegian company Norskhydro and Italy-based ENI in its countrywide blocks.
As markets enter the new financial year and the long-term capital gains tax on the sale of stock investments kicks in, Abhinav Khanna, head of equities, Citi India, tells Puneet Wadhwa that he remains optimistic on the medium-to-long term growth of India, led by consumption recovery and the green shoots visible in the capex cycle.
The month also saw Adani Power acquiring the 600-Mw Korba West thermal power plant from the Gautam Thapar-led Avantha group for Rs 4,200 crore (Rs 42 billion).
Capital goods shares continued to trade firm in late noon despite weak market trend on the back of encouraging core sector growth in February.
Maintaining its strident opposition to the historic Indo-US civilian nuclear deal, the Chinese state media has accused Washington of contradicting its obligations under the Non-Proliferation Treaty.
Economic growth depends a lot on what FM announces in the upcoming Union Budget.
2019 appears a story of two halves for Indian equities - a more difficult first half might precede a stronger second half, said Abhiram Eleswarapu, bottom, left, Head of India Equity Research, BNP Paribas in an interview with Ashley Coutinho.
The world's fifth largest wind turbine supplier Suzlon Energy will invest close to Rs 15,000 crore in the next five years to set up power projects of 2,000 MW capacity in Madhya Pradesh.
The prohibition has freed up as much as 60 million litres of ethanol
The problem, say experts, is not so much the use of plastic as the lack of effort to recycle and reuse it.
GE Healthcare has already filed five global patents for its design.
Moms don't have the luxury of time. When a problem presents itself, we have to think on our feet and come up with a viable solution.
The financial fraud, one of the biggest in the state as per records, was being investigated by the different departments of Himachal Pradesh for the past over four years.
'Initially, Gift City was just another real estate project, but all that changed with Modi moving to New Delhi,' notes Tamal Bandyopadhyay.
