Tag Archives: India

Rupee dives, market cautious! How a hike in US Fed rates today can impact India

The Federal Reserve’s policy meeting is scheduled today, in which the United States’ central bank is expected to increase interest rates by 25 basis points The Federal Reserve’s policy meeting is scheduled today, in which the United States’ central bank is expected to increase interest rates by 25 basis points. Ahead of the meeting yesterday, anticipating higher rates, not only ... Read More »

India Post Payments Bank pan-India rollout from May

India Post Payments Bank plans to roll out its branches across India from May 2018 with an investment of about Rs 1,450 crore, Postal secretary Ananta Narayan Nanda said on Monday. “By April, all our systems will be ready. We will start rolling out all India Post Payments Bank (IPPB) branches between May and September,” Nanda told PTI. He said ... Read More »

India will need at least $125 billion to fund renewables dream: Govt official

India will need at least $125 billion to fund its ambitious plan to increase the share of renewable power supply in the country’s grid by 2022, a top government official told Reuters, underlining the immense financing challenge ahead. The nation is one of the world’s most important growth markets for renewable energy. Millions of Indians are not yet linked up ... Read More »

Probing windshield cracks on Air India Dreamliners, says Boeing

Aerospace manufacturer Boeing is examining the issue of windshield cracks on its 787 Dreamliners after Air India witnessed three such incidents in the recent past. Earlier this month, a Delhi-Kolkata plane was forced to return to the Indira Gandhi International airport here following a crack in the cockpit window. A similar issue was reported each in December and August. “Air ... Read More »

India To Become $5 Trillion Economy In 8-9 years: Suresh Prabhu

Manufacturing sector contributes 20 percent to India’s economy. (Representational) NEW DELHI: Commerce and Industries Minister Suresh Prabhu today said India is expected to become a $ 5 trillion economy in the next 8-9 years with the manufacturing sector contributing 20 per cent to that. “India is going to be $5 trillion economy in 8-9 years. $1 trillion will come from ... Read More »

World Bank Says India Has “Enormous Potential”, Projects 7.3% Growth Rate In 2018

India needs to take steps to boost investment prospects, according to World Bank. WASHINGTON:  HIGHLIGHTS India’s growth numbers of past three years “very healthy” According to World Bank, the country has favourable demographic profile But reducing youth unemployment, pushing for private investment critical With an “ambitious government undertaking comprehensive reforms”, India has “enormous growth potential” compared to other emerging economies, ... Read More »

World Bank Says India Has “Enormous Potential”, Projects 7.3% Growth Rate In 2018

India needs to take steps to boost investment prospects, according to World Bank. WASHINGTON: HIGHLIGHTS India’s growth numbers of past three years “very healthy” According to World Bank, the country has favourable demographic profile But reducing youth unemployment, pushing for private investment critical With an “ambitious government undertaking comprehensive reforms”, India has “enormous growth potential” compared to other emerging economies, ... Read More »

Insurer Aviva India Turns To PSU Banks On Recapitalisation Plan Boost

Aviva Plc’s India life insurance joint venture is raising its exposure to the country’s state-run banks as it bets the government’s $32 billion plan to rescue lenders burdened with record bad loans will boost their prospects. The insurer also likes metals stocks and consumption-driven sectors, especially those that target rural consumers, but would avoid the non-bank finance companies, Prashant Sharma, ... Read More »

India passing through fast formalisation of economy, says Arun Jaitley

Finance minister Arun Jaitley on Friday said India is at present passing through a stage that will in future be recognised as a phase of fast formalisation of the economy. Speaking at a State Bank of India (SBI) event here, he said India is seeing “the replacement of a cash dominated economy with a more formal and digitised economy. One ... Read More »

Idea, Vodafone India to sell tower business to ATC Telecom Infrastructure

The Kumar Mangalam Birla led Idea Cellular and Vodafone Plc.’s Indian unit Vodafone India have separately agreed to sell their respective standalone tower businesses in India to ATC Telecom Infrastructure Private Limited (ATC TIPL) for an aggregate enterprise value of ₹7850 crore (US $1.2 billion). Both companies jointly own about 20,000 towers with tenancy ratio of 1.65x as of June 30, 2017, ... Read More »