For now, the upside appears to offset damage done to exports by weaker global demand.
Signs of a strong pickup in hiring by companies are adding to the rosier outlook for Indian households.
Suresh Prabhu has announced a slew of measures to improve servcies in trains and railway stations
India's decrepit state-run train services stand to receive at least a 25 per cent boost in investment to over $9 billion.
Mangroves absorb excess water but they are being destroyed in Mumbai in the guise of infrastructure development, city-based environmentalist Debi Goenka told PTI.
Railway traffic has dropped 32 per cent to 99.86 mt between April 1 and May 14, compared to the same time last year, while its revenue, too, dipped 41 per cent to Rs 9,094.38 crore.
Terming the train fare hike as "shocking", Shiv Sena president Uddhav Thackeray on Saturday said he will speak to Prime Minister Narendra Modi and request him to roll it back.
The API of Paracetamol, a fever and pain medication, has grown 25 per cent from Rs 450-480 per kg in December 2020 to Rs 580-600 per kg in April. When compared to the pre-Covid prices of December 2019, the surge is much steeper -- around 140 per cent, reports Sohini Das.
On November 12, 2021, the Reserve Bank of India (RBI) decided to ring in uniformity in asset classification and income recognition across all lending institutions. Shadow banks, or non-banking financial companies (NBFCs), like commercial banks, are to test non-performing assets (NPAs) on a daily basis and upgrade them to "standard assets" only when interest and principal arrears are settled by borrowers. This is going to create all manner of headaches for shadow banks and their clientele. Says Y S Chakravarti, managing director and chief executive officer (CEO), Shriram City Union Finance: "NPA levels will go up, especially of small borrowers.
Industry representatives have said from the second half of the year, they hope to see revival because the rural economy is looking up and the projects the government has announced.
'We hope there shall be more focus on existing projects and their completion rather than new projects.' 'Any new project announcements should be largely for decongesting the existing lines rather than new lines.'
One of the major advantages of buying Iran crude is the additional credit period of 90 days that the country gives to India, compared to 30 days by other countries.
The Reserve Bank remains laser-focused to bring back retail inflation to 4 per cent over a period of time in a non-disruptive manner, Governor Shaktikanta Das stressed while voting for status quo in interest rates, as per minutes of the October policy meeting released on Friday. The central bank has been mandated by the government to ensure the Consumer Price Index (CPI) based inflation is at 4 per cent, with a band of 2 per cent on either side. The retail inflation, which was above 6 per cent during May and June, has started moving down and stood at 4.35 per cent in September.
Developers are battling sales slowdown due to rising interest rates and tighter lending norms, spurt in input costs and a lending squeeze from banks hurts.
In a wide-ranging interview with Abhineet Kumar, SCI chairman and managing director S Hajara discusses the problems facing the shipping industry.
The power ministry is planning to start a second version of UDAY, aimed only at reducing the losses of discoms and improving the quality of power supply.
India's network has expanded at a compound annual rate of around 4% which has added more than 4.8 km of additional roads since 1951, but even so the network remains badly underdeveloped
In the past month, wheat prices have increased 6.3% as production is expected to be 1.5% lower, in terms of crop acreage, than the earlier estimate
Imported components account for up to 30% of the firm's total production cost.
The ministry has also decided to offer station for redevelopment by inviting open bids from companies.
As of now, tankers carry petroleum products from India to Nepal as part of an arrangement which is in place since 1973.
Airlines earn ancillary revenues from freight, sale of food, drinks and gifts onboard, sale of travel insurance, hotel rooms and car rentals, through frequent flier programmes, and by trying to cross-sell other products like credit cards and medical insurance. Globally, airlines make 4-5 per cent of their revenues from ancillary sources.
After Rajasthan, petrol price on Thursday crossed the Rs 100 per litre mark in Madhya Pradesh after fuel rates were increased for the tenth day in a row. Petrol price was hiked by 34 paise per litre and diesel by 32 paise, according to a price notification of state-owned fuel retailers. While branded or additive-laced petrol, which attracts higher taxes, had crossed the Rs 100-mark in some places in states like Maharashtra, Madhya Pradesh and Rajasthan, regular petrol crossed the physiological mark in Sriganganagar town of Rajasthan on Wednesday, and on Thursday it went past that mark in Madhya Pradesh. In Anuppur of Madhya Pradesh, petrol is priced at Rs 100.25 per litre and diesel at Rs 90.35. Fuel prices differ from state to state depending on the incidence of local taxes such as VAT and freight charges.
While the bus fare is Rs 350 for the 266-km-long New Delhi-Chandigarh route, it is Rs 280 for the 194-km-long Delhi-Agra bus drive.
Indian cotton exports are outperforming the US cotton in China, says the latest report of the United States Department of Agriculture.
Niti Aayog's plan to create a 'New India' in less than four years should invite scepticism, argues T N Ninan.
On the other hand, jobs increased for the 10th straight month in the manufacturing sector, albeit only slightly
Hyundai Motor India will be raising prices of its cars, including the popular Santro, by up to Rs 15,000.
Retail sales of passenger vehicles - the largest component of the pie - jumped 11 per cent year-on-year in October to 248,036 units, largely because of discounts offered during Navratri and Diwali.
The aim is to replace nearly 40 per cent of its existing last mile fleet of delivery vans with EVs by March 2020. o start with, the company is looking at deploying nearly 160 e-vans by the end of 2019.
'Does the country risk being enclosed in a geographical cocoon if it spurns a multi-continent project for which everyone else has signed up,' asks T N Ninan.
The performance of Indian cotton exports to China is better than the United States, according to a latest report of the United States Department of Agriculture.
Customised, personalised products -- objects that are quirky, fun and completely unique -- are the current rage in gifting.
Royal Caribbean Cruise's The Legend of the Seas will be positioned in Singapore from June 2015 followed by the Mariner of the Seas later in the year.
Government on Monday said the Iraq war is not likely to have any significant impact on India's exports and imports this fiscal.
Diesel prices for the Railways have come down from Rs 60.08 a litre in June to Rs 50.51 a litre now.
Maruti Udyog, the country's biggest carmaker, will raise prices by up to Rs 12,000 from January next year across its model range.
The panel cautioned against falling into a debt trap.
