Hong Kong reduces economic growth forecasts
Hong Kong, Aug 15 (IANS) The Hong Kong government lowered its economic growth expectations on Thursday and estimated that the city’s Gross Domestic Product will …
Lonza India aims at 15% annual growth
New Delhi, Aug 15 (IANS) Lonza India, a wholly-owned subsidiary of Switzerland-based pharma and consumer healthcare integrated solutions provider Lonza, has said that the company …
Tencent posts 21% revenue growth in Q2 2019
Beijing, Aug 15 (IANS) China’s Internet giant Tencent has reported strong second-quarter earnings, with revenue reaching 88.8 billion Yuan (about $12.7 billion), up 21 per …
Mizoram undertakes flagship programme for all round growth: CM
Aizawl, Aug 15 (IANS) Mizoram Chief Minister Zoramthanga said on Thursday that his government has undertaken a flagship programme, Socio-Economic Development Policy (SEDP), for all …
Auto sales plunge 19%; highest monthly de-growth in 19 years
New Delhi, Aug 13 (IANS) The domestic automobile industry on Tuesday sought revival measures from the government, even as data showed that overall sectoral off-take …
Slowdown woes: Industrial growth falls to 2% in June
New Delhi, Aug 9 (IANS) India’s industrial growth fell to a three-month low of two per cent in June from seven per cent in the …
Uber reports $5.2 bn loss in Q2 as growth falls
San Francisco, Aug 9 (IANS) Struggling after a lacklustre initial public offering (IPO) in May, global ride-hailing major Uber has posted its quarter two (Q2) …
Huge recaps in PSB failed to push credit growth: IndRa
Mumbai, Aug 8 (IANS) The recapitalisation of public sector banks (PSBs) by the government has not contributed to credit growth, rating agency India Ratings said. …
New mindset to speed up economic growth: Sisodia
New Delhi, Aug 8 (IANS) Deputy Chief Minister Manish Sisodia on Thursday told a group 250 entrepreneurs that an entrepreneurial mindset would lead to a …
Sensex slips 286 points after RBI cuts growth forecast (3rd Lead)
Mumbai, Aug 7 (IANS) In a bid to strike a balance between the “inadequate” 25 basis points (bps) and “excessive” 50 bps, the RBI on …
Slowdown saga: RBI cuts 2019-20 GDP growth rate to 6.9%
Mumbai, Aug 7 (IANS) Weak domestic and external demand conditions led the Reserve Bank of India (RBI) on Wednesday to cut its economic growth forecast …
Slowdown Saga: RBI cuts India’s 2019-20 GDP growth rate to 6.9%
Mumbai, Aug 7 (IANS) Weak domestic and demand conditions led the Reserve Bank of India on Wednesday to cut its economic forecast to 6.9 per …
RBI cuts India’s 2019-20 GDP growth rate to 6.9%
Mumbai, Aug 7 (IANS) Weak domestic and demand conditions led the Reserve Bank of India on Wednesday to cut its economic forecast to 6.9 per …
Article 370 led to growth of secessionist tendencies in Kashmir
New Delhi, Aug 6 (IANS) Article 370 of the Constitution, which granted special status to Jammu and Kashmir, was seen by many as a provision …
Enabling cities as drivers of economic growth (Column: Active Voice)
Economic development always comes with a dash of urbanization. That is almost an economic truism. Empirical studies have shown that nearly all countries that have …
Need to change mindset for economic growth: Sisodia
New Delhi, Aug 3 (IANS) Delhi Education Minister Manish Sisodia on Friday said his government’s initiative ‘Entrepreneurship Mindset Curriculum’ will meet the challenge of India’s …
FM to meet bank heads over key sector credit growth
New Delhi, Aug 2 (IANS) Finance Minister Nirmala Sitharaman will be meeting the PSU bank heads and major private sector banks on August 5 to …
‘Tax terrorism’ severely hurting India’s economic growth
New Delhi, Aug 1 (IANS) The death of entrepreneur V.G. Siddhartha has brought to limelight the unwarranted and unending pressure being exerted by government authorities …
Sustained sales growth boosts July manufacturing output: PMI
Mumbai, Aug 1 (IANS) Sustained sales growth slightly boosted India’s manufacturing sector output in July, a key economic indicator showed on Thursday. The IHS Markit …
Nearly 20 Indians hit by Uber layoff as growth slips
New Delhi, Aug 1 (IANS) Several Indian employees were left in the lurch when ride-hailing service Uber sacked 400 staffers from its 1,200-member marketing team …
Essar Port’s Vizag Terminal registers 45% cargo growth
Mumbai, Aug 1 (IANS) Essar Vizag Terminal Ltd (EVTL), which operates the 24 MT (million tonne) Vizag terminal, on Thursday announced a 45 per cent …
Sales growth boosts India’s July manufacturing output: PMI
Mumbai, Aug 1 (IANS) Sustained sales growth slightly boosted India’s manufacturing sector output in July, a key economic indicator showed on Thursday. As per the …
Lower refinery output slows India’s June core sector growth
New Delhi, July 31 (IANS) Lower production of refinery products decelerated the output pace of India’s eight major industries in June to 0.2 per cent, …
19% iPhone shipment growth in India amid fall in global sales
New Delhi, July 31 (IANS) As Tim Cook announced that iPhones generated $26 billion in revenue in the company’s third quarter — down 12 per …
Apple bounces back in India, clocks double-digit growth
New Delhi, July 31 (IANS) India is back on Apple’s global map, with CEO Tim Cook announcing that the growth in the country bounced back …
Tiger population growth ‘good sign’ for meeting UN goals
United Nations, July 31 (IANS) The doubling of India’s tiger population between 2006 and 2019 is being welcomed as a “good sign” by Secretary-General Antonio …
Essar Port Hazira Terminal sees 22% third-party cargo growth in Q1
New Delhi, July 30 (IANS) Essar Bulk Terminal Ltd (EBTL), that operates the 50 million tonne per annum (MTPA) bulk terminal in Hazira, Gujarat, on …
Uber sacks 400 as growth slips off the road
San Francisco, July 30 (IANS) Struggling financially after a lacklustre initial public offering (IPO) in May, global ride-hailing major Uber is laying off 400 staffers …
MP tops tiger population table, growth in Uttarakhand terrific
Dehradun, July 29 (IANS) Uttarakhand may have come third in terms of tiger population in the latest census, but the state has registered an excellent …
Despite IMF growth rate cut, India stays top-performing economy
United Nations/New Delhi, July 23 (IANS) India remains the world’s top-performing major economy with a growth rate of 7 per cent for the current fiscal …
IMF lowers India’s economic growth projection
New Delhi, July 23 (IANS) The International Monetary Fund (IMF) on Tuesday slightly lowered India’s economic growth projection in 2019 to 7 per cent. According …
Cigarette butts significantly damage plant growth
London, July 19 (IANS) Cigarette butts — the most common form of litter on the planet — significantly reduce plant growth as their presence in …
ADB cuts India’s FY2020 GDP growth forecast to 7%
New Delhi, July 18 (IANS) The Asian Development Bank (ADB) on Thursday revised downwards its outlook for India’s GDP growth for the financial year 2019-20 …
Private sector to be principal driver of India’s growth: Niti Aayog Vice Chair
New York, July 18 (IANS) “The government has no intention at all of being the main driver of growth in the country” and this role …
Fit citizens asset for nation’s growth: Surendra Poonia
New Delhi, July 17 (IANS) Fit citizens are the biggest symbol and assets for growth-oriented attitude of any nation, believes Surendra Poonia, a Bharatiya Janata …
China’s second-quarter growth slumps to 27 year low
Beijing, July 15 (IANS) The Chinese economy grew at the slowest pace in 27 years in the second quarter of 2019 as the country logged …
Macawber Beekay expects revenue growth of 20-30% in FY2020
New Delhi, July 12 (IANS) Coal and ash handling company Macawber Beekay expects 20-30 per cent increase in its revenue in the financial year 2019-2020, …
India’s factory output growth eases in May
New Delhi, July 12 (IANS) India’s factory output growth eased in May 2019 as it rose by 3.1 per cent from a revised growth of …
Tax hike for nation-building, growth as crucial as security: Sitharaman
New Delhi, July 10 (IANS) Effectively ruling out revisiting the much-debated surcharge on rich people, Finance Minister Nirmala Sitharaman on Wednesday said the increase in …