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Posted in Economy

India’s growth story, and its challenges — in numbers

India celebrates its 80th Independence Day today, marking eight decades of transformation since 1947. Over the years, the economy has evolved dramatically—from rising incomes and…

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Posted in Economy

Internship scheme aims to bridge skill gap among youth: Nirmala Sitharaman

New Delhi: Finance and corporate affairs minister Nirmala Sitharaman on Friday said the PM Internship Scheme has been designed to narrow the gap between the…

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Wholesale Inflation Eases to 9.8% on Softer Energy Prices
Posted in Economy

Wholesale inflation eases to 9.8% on softer energy prices

New Delhi: India’s wholesale inflation eased marginally to 9.8% year-on-year in July from 9.9% in June and May, as softer energy prices offset rising inflation…

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New Development Bank plans $7.5 billion funding to deepen rupee lending

New Delhi: The New Development Bank (NDB) plans to channel $7.5 billion into India over five years, stepping up local-currency financing as the BRICS lender…

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Sugar stock scrutiny on the rise as prices hit record high
Posted in Economy

Sugar stock scrutiny on the rise as prices hit record high

Pune: The government has stepped up scrutiny of sugar stocks as prices surge to record highs, with the food ministry seeking consumption data from large…

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Posted in Economy

India’s April-June balance of payments records $8.1 billion deficit, June turns surplus

BENGALURU: India’s balance of payments recorded a deficit ​of $8.1 billion in the ​April-June quarter, compared with a surplus of $4.5 billion ​a year earlier,…

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Voltas, Atomberg Innovation plan 50:50 venture to manufacture AC compressors
Posted in Startups

Voltas, Atomberg Innovation plan 50:50 venture to manufacture AC compressors

Tata group firm Voltas and Atomberg Technologies’ engineering arm plan to set up a 50:50 joint venture to develop and manufacture room air conditioner (AC)…

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Redcliffe Labs, Skyroot Aerospace to test diagnostic reagents in orbit
Posted in Startups

Redcliffe Labs, Skyroot Aerospace to test diagnostic reagents in orbit

Y Combinator backed diagnostic chain Redcliffe Labs and spacetech startup Skyroot Aerospace have partnered to send reagents into low Earth orbit (LEO) to study how…

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Pernia's Pop-Up Shop likely to launch Rs 660 crore IPO by August-end
Posted in Startups

Pernia’s Pop-Up Shop likely to launch Rs 660 crore IPO by August-end

Purple Style Labs, the parent company of Pernia’s Pop-Up Shop, is likely to launch its Rs 660 crore initial public offering (IPO) by the end…

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Posted in Economy

RBI shortens FCNR (B) deposit swap window to Aug 31

Reserve Bank of India (RBI) has shortened the swap facility window for foreign currency non-resident (bank) or FCNR (B) deposits by a month to August…

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