Economy

P&W Engines Issue To Have Minimal Impact On IndiGo Fleet: Aviation Body

P&W Engines Issue To Have Minimal Impact On IndiGo Fleet: Aviation Body

Press Trust of India | Thursday August 10, 2023, New Delhi

DGCA today said material anomalies detected in certain Pratt & Whitney engines will have a "minimal" impact on IndiGo fleet as only two operational engines of the airline will be required to be removed for inspection.

RBI's Big Relief For Home, Auto Loan Takers With Choice Over Interest Type

RBI's Big Relief For Home, Auto Loan Takers With Choice Over Interest Type

Press Trust of India | Thursday August 10, 2023, Mumbai

The Reserve Bank today said it will come out with a framework allowing borrowers to switch to fixed interest rate from floating interest rate, a move that would provide relief to borrowers of home, auto and other loans reeling under the impact of high interest rate.

"India Uniquely Placed": RBI Governor On Tackling Inflation - Top Quotes

"India Uniquely Placed": RBI Governor On Tackling Inflation - Top Quotes

Edited by Samiran Mishra | Thursday August 10, 2023, New Delhi

The Reserve Bank of India (RBI) kept its key lending rate unchanged for the third consecutive time, as it continued to monitor inflation closely. In a bi-monthly monetary policy announcement today, RBI Governor Shaktikanta Das said that the Monetary Policy Committee (MPC) has unanimously decided to maintain the repo rate at 6.5%.

Centre To Give 50 Lakh Tons Of Wheat, 25 Lakh Tons Of Rice To Check Prices

Centre To Give 50 Lakh Tons Of Wheat, 25 Lakh Tons Of Rice To Check Prices

Press Trust of India | Wednesday August 09, 2023, New Delhi

The government today announced the sale of additional 50 lakh tonnes of wheat and 25 lakh tonnes of rice from the Central pool in the open market to boost domestic availability and contain rising prices of these two key staples.

Government Has Started Rupee Trade With Neighbouring Countries: Minister

Government Has Started Rupee Trade With Neighbouring Countries: Minister

Press Trust of India | Wednesday August 09, 2023, New Delhi

The government has started trade in the rupee with neighbouring countries, including Nepal and Bhutan, Parliament was informed today.

"Will Make India Manufacturing Hub": Industry Hails Curb On Laptop Imports

"Will Make India Manufacturing Hub": Industry Hails Curb On Laptop Imports

Asian News International | Saturday August 05, 2023, New Delhi

Industry leaders have hailed the restrictions imposed on the import of laptops, tablets and other IT hardware into the country.

Corrosion Leads To Losses Worth USD 110 Billion In India Annually: Report

Corrosion Leads To Losses Worth USD 110 Billion In India Annually: Report

Press Trust of India | Friday August 04, 2023, New Delhi

Losses worth USD 110 billion occur every year in India due to corrosion in projects across sectors, industry body ISSDA said today.

Adani Group To Expand Sanghipuram Port Capacity To Handle Large Ships

Adani Group To Expand Sanghipuram Port Capacity To Handle Large Ships

Press Trust of India | Thursday August 03, 2023, New Delhi

The Adani group will make investments to expand the captive port capacity of Sanghipuram to handle vessel sizes of 8,000 DWT (deadweight tonnage), said Adani Ports and Special Economic Zones (APSEZ) CEO Karan Adani on Thursday.

India's Services Sector Growth Climbs To 13-Year High In July

India's Services Sector Growth Climbs To 13-Year High In July

Press Trust of India | Thursday August 03, 2023, New Delhi

India's services sector growth touched a 13-year high in July as a substantial improvement in demand conditions and pick-up in international sales induced the strongest increase in new business and output, a monthly survey said today.

Adani Wilmar Records 25% Volume Growth In Q1, Sales Value Decline By 12%

Adani Wilmar Records 25% Volume Growth In Q1, Sales Value Decline By 12%

NDTV News Desk | Wednesday August 02, 2023, New Delhi

Adani Wilmar Limited, the FMCG giant, recorded a 25 per cent volume growth in the first quarter of the financial year 2023-2024

Akasa Air Adds 20th Aircraft To Fleet, Now Eligible For International Ops

Akasa Air Adds 20th Aircraft To Fleet, Now Eligible For International Ops

Press Trust of India | Tuesday August 01, 2023, Mumbai

Akasa Air today said it has added the 20th aircraft to its fleet that also makes the airline eligible to start international operations.

India's Power Consumption Grows By 8.4% To 139 Billion Units In July

India's Power Consumption Grows By 8.4% To 139 Billion Units In July

Press Trust of India | Tuesday August 01, 2023, New Delhi

The country's power consumption grew by 8.4 per cent to 139 billion units in July this year compared to the same month last year.

RBI Says 88% Of Rs 2,000 Notes Valued Rs 3.14 Lakh Crore Returned To Banks

RBI Says 88% Of Rs 2,000 Notes Valued Rs 3.14 Lakh Crore Returned To Banks

Press Trust of India | Tuesday August 01, 2023, Mumbai

As much as 88 per cent of the Rs 2,000 currency notes have either been deposited or exchanged at banks, and only Rs 42,000 crore worth of such notes are with public as on July 31, the Reserve Bank of India (RBI) said today.

BYJU'S Sends Legal Notice To Aakash Founders Demanding Share Transfer: Report

BYJU'S Sends Legal Notice To Aakash Founders Demanding Share Transfer: Report

Press Trust of India | Tuesday August 01, 2023, New Delhi

BYJU's has sent a legal notice to founders of Aakash Educational Services following their alleged resistance to complete a share swap that was unconditionally agreed as part of the sale of Aakash Educational Services Ltd

GST Revenues Rise To Rs 1.65 Lakh Crore In July On Anti-Evasion Measures

GST Revenues Rise To Rs 1.65 Lakh Crore In July On Anti-Evasion Measures

Press Trust of India | Tuesday August 01, 2023, New Delhi

GST collection rose 11 per cent to over Rs 1.65 lakh crore in July as a result of anti-evasion measures and higher consumer spending.

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