Latest News & Videos, Photos On Economy

24 Jul

HDFC Bank, India’s largest private sector bank, expects loan growth of 17-18%

editor0 CommentsEconomy

HDFC Bank, India's largest private sector lender, expects loan growth of 17-18% this year due to strong credit demand. Effective July 1 parent mortgage firm HDFC Ltd merged with its subsidiary HDFC Bank to make it the second largest lender after State Bank of India. Meanwhile, Keki Mistry, vice-chairman of the now-merged entity HDFC Ltd, has become the most valuable independent director. The market capitalization of listed companies including HDFC Bank of which he was an independent director is over ₹27 lakh crore. Apart from HDFC Bank, it also has the boards of Tata Consultancy Services (TCS), HDF Life, Torrent…

16 May

PM Modi virtually distributes 71,000 appointment letters to newly inducted recruits

Business Correspondent0 CommentsBusiness, Economy

Prime Minister Narendra Modi directed Rozgar Mela conference which was conducted at 45 locations in India today With the help of video conferencing Modi distributed 71,000 appointment letters to newly inducted recruits in various govt. departments through video conferencing. The prime minister said that the Rozgar Mela will boost the employment level in a country and further it will create opportunities for youth to achieve something greater in their life. "Earlier it was difficult to apply for a government job, one had to stand in line for hours to get the form. Today the whole process from applying to results…

11 May

Smriti Irani launches “Poshan Bhi Padhai Bhi” campaign

Business Correspondent0 CommentsEducation, Economy

Smriti Irani (Minister of Women and Child Development) has launched a new scheme 'Poshan Bhi, Padhai Bhi' to lay focus on the development of Child and to strengthen Early Childhood Care and Education (ECCE). According to a statement from the Ministry, “The main objective of the event is to highlight the criticality of focusing on early childhood care and education. The Ministry of Women and Child Development is launching “Poshan Bhi Padhai Bhi, a pathbreaking ECCE program to ensure that India has the world’s largest, universal, high-quality preschool network, as suggested by the National Education Policy."

08 May

Check the new rate before filling the tank petrol-diesel price update

editor0 CommentsEconomy, India

The prices of petrol and diesel are broadcast by the oil companies every day at 6 am. In New Delhi, one liter of petrol is available for Rs 96.72 and diesel for Rs 89.62. On Monday, the government oil companies released the prices of petrol and diesel, which remain stable. Prices remain unchanged in Mumbai, Delhi, Kolkata and Chennai. The last time there was a change in prices was in May 2022. Crude oil prices remain around $75 per barrel, with Brent crude at $ 75.26 and WTI crude at $ 71.33. Petrol and diesel prices in Kolkata, Delhi, Mumbai…

05 May

Apple iPhone sales increased by one and a half percent, CEO Tim Cook said thanks to Indian customers

editor0 CommentsEconomy, Business, India

Releasing the results of the quarter on April 1, Apple has achieved better growth in its revenue than expected. The shares of the company have also increased by 2 percent. The company told that the sale of the iPhone has increased to Rs 419100 crore. American tech giant Apple on Thursday gave information about revenue and profit for the April 1 quarter. The company said that these figures have come better than expected. According to the market value, the share prices of Apple, America's largest company, have increased by 2 percent. The gross profit margin will be better Apple officials…

27 Apr

Indefinite Shutdown Called In Shirdi From May 1 Over CISF Security Deployment

Business Correspondent0 CommentsIndia, Economy

Shirdi, a major pilgrimage site in Maharashtra also known as the home of revered spiritual leader Sai Baba, will remain shut from 1st of May over CISF deployment at the Sai Baba temple, there is no fix date of it's opening until the matter is resolved. The shutdown of the temple has been decided by the administration of the respective temple. There has been protest against the government decision of deploying CISF to maintain the security of the temple. As per the reports of DNA, the temple authority claims that the CISF are not trained for the security of the…

25 Apr

PM Modi to flag off India’s first Water Metro in Kochi

Business Correspondent0 CommentsBusiness, Economy

PM Modi on a 2 day visit to Kerala, inaugurated India's first ever Water Metro on Tuesday (25th of April,2023) which will bring connectivity between 10 islands. This innovation will reduce traffic jam and will run on battery means it doesn't require fuel. The development will help in boosting the tourism industry in the state. Hence, will result into a good economic growth. The minimum cost to avail the facility of water metro will be rupees 20.

20 Apr

India violated global trading rules in IT tariff dispute with EU, Japan, Taiwan, says WTO

Business Correspondent0 CommentsBusiness, Economy

WTO said in a statement on 17th of April 2023 that India had disobeyed the rules of global trade in a debate with the Taiwan, Japan and EU over taxes on import of IT products. “We recommend that India bring such measures into conformity with its obligations,” the WTO panel’s report said. In the year 2019, the European Union challenged India’s introduction of import duties of between 7.5% and 20% for a wide range of IT products, such as mobile phones and components, as well as integrated circuits. In the same year, similar cases were filed against India by Japan…

20 Apr

Kapil Sibal compares India with China on GDP, unemployment and inflation

Business Correspondent0 CommentsBusiness, Economy

India has surpassed China in terms of population. It ranks first in the list of the most populous country in the world. Kapil Sibal, member of the Rajya Sabha pointed out the the issue of unemployment, GDP, annual inflation in which India was not able to compete or get equal to it's neighbouring country China. He also asked people to analyse the data of these parameters of the recent year. Kapil Sibal is also a lawyer and he had represented several high-cases in the Supreme Court. It is seen that most of the time Sibal keeps on taking a dig…

18 Mar

PhonePe gets $200 million from Walmart

Priyanka Bhowmick0 CommentsEconomy, BusinessBusiness

Fintech platform PhonePe has announced that it has raised an additional $200 million in seed capital from Walmart at a pre-money valuation of $12 billion. The company is in the process of raising $1 billion after a foray into India that has been ongoing since last year, a company statement revealed. Also, from several global investors, this company has so far raised $650 million. The funds will be deployed to build and scale new businesses such as insurance, wealth management, lending, stockbroking, ONDC-based procurement and account aggregators. The funding will help PhonePe in its next wave of growth in the…