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Economy
India’s Feb 2022 industrial production rises sequentially, YoY
New Delhi : Rise in manufacturing activity pushed India's industrial output higher on a sequential as well as on a year-on-year basis in February 2022, official data showed on Tuesday.
The Index of Industrial Production (IIP) rose by 1.7!-->…
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India’s March retail inflation at 17-month high of near 7%
New Delhi : Higher cost of food items, as well as expensive fuel and manufactured goods like clothing and footwear, pushed India's retail inflation to a 17-month high in March 2022.
As per the data furnished by the National Statistical!-->…
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Arunachal Pradesh slashes VAT on aviation fuel
New Delhi : Arunachal Pradesh on Tuesday announced a reduction in Value Added Tax on Air Turbine Fuel from 20 per cent to 1 per cent.
"The Governor of Arunachal Pradesh is hereby, pleased to reduce the rate of tax in respect of Air!-->…
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India’s EV segment presents Rs 3 lk cr opportunity in next 5 yrs
New Delhi : The electric vehicles (EVs) segment presents an opportunity of almost Rs 3 lakh crore for various stakeholders in India during the next five years through fiscal 2026.
As per a Crisil Research analysis, the opportunity!-->…
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Adani Green shares up 5% as Co becomes 10th largest on BSE
New Delhi : Shares of Adani Green Energy surged over 5 per cent on an otherwise weak broader market.
On Tuesday, the shares of the company settled 5.1 per cent higher at Rs 2,800.
Notably, the Adani Group company became the 10th largest!-->…
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HDFC entities merger can trigger spate of M&As in banking sector: Fitch
New Delhi : The proposed merger of HDFC entities and the acquisition of Citibank India's consumer business by Axis Bank can trigger M&A trend in the banking sector, said rating agency Fitch Ratings.
According to it, the merger!-->…
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Top US trade body to help India become global chip manufacturing hub
New Delhi : As India doubles down on local semiconductor manufacturing, the Semiconductor Industry Association (SIA), which is the top trade association representing the US semiconductor industry, on Tuesday joined hands with the India!-->…
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Equity indices decline for second straight day
New Delhi : Indias equity indices extended their losses from the previous session and settled lower on Tuesday.
For fresh cues, investors await inflation data for March which will be released later on Tuesday evening.
The Sensex settled!-->…
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Clean energy spending in economic recovery packages surged by 50 pc: IEA
New Delhi : Clean energy spending earmarked by governments in response to the Covid-19 crisis has risen by 50 per cent over the past five months and now stands at over $710 billion worldwide, though there are troubling imbalances between!-->…
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PLI to drive Indian mobile manufacturing to reach Rs 5.5 lakh cr by 2026
New Delhi: The production-linked incentive (PLI) scheme is likely to push mobile phone manufacturing at a healthy growth trajectory of 15-20 per cent CAGR to reach a value of Rs 5-5.5 lakh crore by FY2026, rating agency ICRA said on!-->…
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