Economy
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Indian Railways rolls out first prototype LHB AC 3-tier economy class coach
India | Mar 21, 2021, 01:22 PM ISTThe Indian Railways has rolled out the first prototype Linke Hofmann Busch (LHB) AC three-tier economy class coach.
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Japan's economy shrinks 4.8% due to Covid in 2020
World | Feb 15, 2021, 01:13 PM ISTJapan's economy surged in the fourth quarter of 2020 but it was not enough to keep the world's third-largest economy away from negative growth for the year as the economy shrank 4.8 percent due to Covid-triggered crises -- the first contraction since 2009.
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Equity indices dip, banking stocks under pressure
News | Feb 10, 2021, 08:00 PM ISTKey equity indices see-sawed between gains and losses on Wednesday and closed in the red zone as investors turned cautious over the sustainability of a recent risk rally.
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Equity indices on upward climb, auto and metal stocks shine
News | Feb 08, 2021, 07:49 PM ISTEquity benchmark indices closed over one per cent higher on Monday amid upbeat news on corporate earnings, economic data and updates on vaccination drive.
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Equity indices edge lower, banking stocks in focus
News | Feb 04, 2021, 01:20 PM ISTEquity benchmark indices dipped marginally during early hours on Thursday amid mixed global cues with Nifty private bank lowering by 1.2 per cent.
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Union Budget 2021: Rs 4.78 lakh crore allocated for defence
Special Report | Feb 01, 2021, 11:07 PM ISTThere was no big bang increase in the overall defence budget, but India did spend an additional unbudgeted Rs 20,776 crore on emergency arms procurements in the current fiscal in face of China's ongoing belligerence on the northern border, especially in Eastern Ladakh.
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India within striking distance of attaining positive growth: RBI
Business | Jan 22, 2021, 12:39 PM ISTIndia's GDP is within the striking distance of attaining positive growth, the Reserve Bank said observing that the letter "V" in the V-shaped recovery stands for the vaccine.
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Economy on revival! 4, 2 wheeler sale rise in December
Business | Jan 14, 2021, 07:16 PM ISTPassenger vehicle wholesales in India increased 13.59 per cent to 2,52,998 units last month on a very low sales base of December 2019, auto industry body SIAM said on Thursday. Passenger vehicle sales in December 2019 stood at 2,22,728 units.
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India to become 5th largest economy in 2025, 3rd largest by 2030
Business | Dec 26, 2020, 12:52 PM ISTIndia, which appears to have been pushed back to being the world's sixth biggest economy in 2020, will again overtake the UK to become the fifth largest in 2025 and race to the third spot by 2030, a think tank said on Saturday.
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India's GDP: Quickest to fall, fastest to recover
Business | Dec 25, 2020, 11:17 PM ISTThe covid-19 induced turmoil showed weakness as well as resilience of India's economy in 2020, as the country's GDP recorded abysmal fall and breathtaking recovery.
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Recovery faster than expected; economic indicators encouraging: PM Modi
India | Dec 12, 2020, 12:48 PM ISTPrime Minister Narendra Modi on Saturday said that recovery is faster than expected and economic indicators are encouraging.
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India's July-Sept GDP contracts 7.5%, 'technical recession' confirmed
Business | Nov 27, 2020, 06:35 PM ISTThe GDP at constant (2011-12) prices in Q2 of 2020-21 is estimated at Rs 33.14 lakh crore.
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RBI predicts likelihood of economy returning to positive growth in Q3: FM Sitharaman
News | Nov 12, 2020, 04:39 PM ISTAddressing a joint press conference in the national capital on November 12, Union Finance Minister Nirmala Sitharaman spoke about predictions on Indian economy's trajectory in coming days.
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India's economy is moving faster than economists' anticipation: DEA Secretary
News | Nov 03, 2020, 10:58 PM ISTDepartment of Economic Affairs Secretary Tarun Bajaj said that India's economy is moving much faster than it was anticipated by economists.
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Economy has almost reached pre-COVID level in most sectors: Finance Secretary
News | Nov 02, 2020, 11:17 AM ISTFinance Secretary Ajay Bhushan Pandey said that the economy has almost reached pre-COVID level in most sectors and also said that COVID-19 pandemic has not ended yet but signs of recovery (of the economy) can be seen.
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India's strategy of dealing with COVID-19 paid off, economy set to bounce back: Ficci
Business | Nov 01, 2020, 06:30 PM ISTFicci President Sangita Reddy on Sunday said India's strategy of dealing with the COVID-19 crisis has paid off and the country's economy is set to bounce back and emerge stronger.
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Sitharaman says visible signs of economic revival but GDP growth may remain near zero this fiscal
Business | Oct 27, 2020, 06:46 PM ISTFinance Minister Nirmala Sitharaman on Tuesday said there were visible signs of revival in the economy but the GDP growth may be in the negative zone or near zero in the current fiscal.
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Govt working on next economic stimulus package: Finance Ministry official
Business | Oct 21, 2020, 08:48 PM ISTThe government is preparing for a second stimulus package as country is exiting from the lockdown amid signs that the pr day coronavirus cases are also falling, Reuters quoted a finance ministry official saying.
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US hiring likely slowed in September for 3rd straight month
World | Oct 02, 2020, 11:55 AM ISTA critical snapshot of the job market and the economy to be released Friday is expected to show a further deceleration in hiring as the nation’s viral caseload creeps higher and as government financial aid has faded.
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India's banking sector needs to grow for becoming $5 trillion economy: CEA
Business | Aug 24, 2020, 08:35 AM ISTThe government's Chief Economic Adviser K.V. Subramanian on Sunday said that India's banking system is proportionately smaller than the size of the economy and it needs to grow for the country to become a $5 trillion economy.