Indian Economy News, Trade News, Government Policy and Economic Indicators - NDTV

NCLT Extends Deadline To Complete Insolvency Of Future Retail To August 17

Press Trust of India | Thursday July 20, 2023, New Delhi

The National Company Law Tribunal (NCLT) has extended the deadline for completion of insolvency proceedings of debt-ridden Future Retail Ltd (FRL) to August 17, 2023.

India's IOC Signs Multi-Billion Dollar LNG Import Deal With UAE Firm

Press Trust of India | Wednesday July 19, 2023, New Delhi

India's top oil firm IOC has signed a USD 7-9 billion deal to import liquefied natural gas (LNG) from the UAE's ADNOC Gas plc for 14 years beginning 2026, the UAE company said.

Asian Development Bank Keeps India's Growth Forecast Unchanged At 6.4%

Press Trust of India | Wednesday July 19, 2023, New Delhi

The Asian Development Bank (ADB) on Wednesday retained India's economic growth forecast at 6.4 per cent for the current financial year and 6.7 per cent for the next, saying robust domestic demand will continue to support the region's recovery.

G20 Finance Ministers Discuss Ways To Improve Tax Transparency

Press Trust of India | Tuesday July 18, 2023, Gandhinagar

G20 finance ministers on Tuesday discussed strategies to implement strategies for overhauling the global tax norms to ensure that multinational companies pay taxes wherever they operate.

Public Banks In "Real Danger Of Privatisation": Bank Officers Body

Press Trust of India | Tuesday July 18, 2023, Guwahati

All India Bank Officers' Confederation (AIBOC), the top body of bank officers in the country, on Tuesday, said state-run lenders are in "real danger of privatisation" despite playing a crucial role in closing the economic divide in society.

India Needs Average Annual 7.6% GDP Growth To Become Developed By 2047: RBI

Press Trust of India | Monday July 17, 2023, Mumbai

India could become a developed country by 2047 with an average annual real GDP growth of 7.6 per cent over the next 25 years, said an article published by the Reserve Bank in its July bulletin.

India's Wholesale Inflation Falls To 8-Year Low Of Minus 4.12% In June

Press Trust of India | Friday July 14, 2023, New Delhi

The deflation in the wholesale price continued for the third month in a row in June, with WPI contracting to a nearly eight-year low at minus (-) 4.12 per cent on account falling prices of food products, fuel and basic metals, according to official data released today.

Amendment To GST Act On Online Gaming In Parliament Monsoon Session

Press Trust of India | Thursday July 13, 2023, New Delhi

Revenue Secretary Sanjay Malhotra today said the central government will bring clarificatory amendments to the GST Act in the monsoon session of Parliament to implement GST Council's decision of imposing 28 per cent tax on online gaming, casino and horse racing.

Swiggy To Acquire LYNK From Ramco Cements, Ramco Industries

Press Trust of India | Thursday July 13, 2023, New Delhi

On-demand convenience platform Swiggy will acquire FMCG retail distribution firm Lynks Logistics Ltd (LYNK) from The Ramco Cements Ltd and Ramco Industries in share swap deals, the companies said on Thursday.

After Backlash, PVR Inox Slashes Food And Beverage Prices By Up To 40%

Press Trust of India | Thursday July 13, 2023, New Delhi

Leading multiplex chain PVR Inox has slashed food and beverages prices by up to 40 per cent after facing backlash on its rates on social media.

OYO Launches 'Spotless Stay', To Conduct Hotel Audits For Upkeep

Press Trust of India | Thursday July 13, 2023, New Delhi

Hospitality technology platform OYO on Thursday said it has launched a 'Spotless Stay' programme as part of which it will conduct audits of hotels to assess them for overall upkeep and maintenance.

Wipro Q1 Net Profit Rises 12% To Rs 2,870 Crore

Press Trust of India | Thursday July 13, 2023, Bengaluru

IT services company Wipro on Thursday reported a 12 per cent rise in its consolidated net profit to about Rs 2,870 crore for the June 2023 quarter.

28% GST On Online Gaming To Yield Rs 20,000 Crore Annually: Centre

Press Trust of India | Thursday July 13, 2023, New Delhi

The exchequer would get an estimated additional revenue of Rs 20,000 crore annually following the decision of the GST Council to levy 28 per cent tax on full bet value on online gaming, said Revenue Secretary Sanjay Malhotra today.

HDFC Bank Onboards Over 1 Lakh Customers, 1.7 Lakh Merchants On Digital Currency Pilot

Press Trust of India | Thursday July 13, 2023, Mumbai

The largest private sector lender HDFC Bank on Thursday claimed that it has on-boarded over 1 lakh customers and more than 1.7 lakh merchants on the CBDC pilot programme and activated an interoperable UPI QR code with the e-rupee platform.

Akasa Air "Well Capitalised", Can Grow Much Faster: CEO Vinay Dube

Press Trust of India | Thursday July 13, 2023, Mumbai

Akasa Air is "well capitalised" with adequate funds to place a three-digit aircraft order by the end of this year and has the potential to grow at a much faster pace, according to the airline's chief Vinay Dube.