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

Currency Note With * Symbol In Number Panel Is A Valid Note: RBI

Press Trust of India | Thursday July 27, 2023, Mumbai

A currency note with a star (*) symbol is identical to any other legal banknote, the Reserve Bank said on Thursday allaying concerns on the validity of such notes.

India Will Be 3rd Largest Economy By 2027, 2 Years Before Estimate: Report

Asian News International | Thursday July 27, 2023, New Delhi

India is likely to get the 3rd largest economy tag in 2027 (2027-28) if it maintains the current rate of growth, and in the process, will surpass both Japan and Germany, said SBI Research in its 'Ecowrap' report.

India GDP To Grow 6.3% In FY24, Economic Prospects Brighten: Deloitte

Press Trust of India | Thursday July 27, 2023, New Delhi

India is likely to grow 6-6.3 per cent in the current fiscal year ending March 31, 2024, Deloitte India said in its economic outlook, forecasting growth surpassing 7 per cent over the next two years if global uncertainties recede.

Air India Plans To Start Flights To Los Angeles, Boston

Press Trust of India | Thursday July 27, 2023, New Delhi

Tata Group-owned Air India is planning to operate flights to more US cities, including Los Angeles, and is assessing various metrics, according to sources.

Adani Group's Mundra Port Handled 5,300 TEUs In July

Press Trust of India | Thursday July 27, 2023, New Delhi

Adani Group-owned Mundra port in Gujarat handled over 5,300 twenty-foot equivalent units (TEUs) in July 2023.

Sales Of Luxury Homes Priced Above Rs 10 Crore Up By 49% In Mumbai: Report

Press Trust of India | Monday July 24, 2023, New Delhi

Sales of residential properties, priced above Rs 10 crore, in Mumbai's primary and resale market rose 49 per cent in value terms to Rs 11,400 crore during the January-June period on strong demand, according to India Sotheby's International Realty

Tomato Prices To Fall As Maharashtra, Madhya Pradesh Send Higher Supplies

Press Trust of India | Friday July 21, 2023, New Delhi

The government on Friday said retail prices of tomatoes are expected to fall with higher supply of new crops from Maharashtra and Madhya Pradesh.

India's Forex Kitty Sees Massive $13 Billion Surge, Reaches $609 Billion

Press Trust of India | Friday July 21, 2023, Mumbai

India's forex reserves have swelled by USD 12.743 billion to USD 609.022 billion in the week ended July 14, making it one of the strongest weekly surges in the kitty in recent times, the Reserve Bank of India said today.

Gautam Adani Meets Lankan President, Port Project, Green Hydrogen Plant Discussed

Press Trust of India | Friday July 21, 2023, New Delhi

Billionaire Gautam Adani on Friday proposed to set up a green hydrogen plant in Sri Lanka, where his conglomerate is already developing a container terminal and a 500 MW wind project.

India To Lose Billions: Letter To PM Modi Over 28% GST Rule For Gaming

Press Trust of India | Friday July 21, 2023, New Delhi

GST Council's decision to levy a 28% tax on real money online gaming industry will lead to a write-off of USD 2.5 billion investment made in the segment, a group of 30 Indian and foreign Investors said in a joint letter to PM Modi.

Tatas Begin Air India Revamp - Plush Seats, Hi-Tech Entertainment By 2024

Press Trust of India | Friday July 21, 2023, New Delhi

Air India, which has embarked on a mega transformation plan, today said that a third of its wide-body fleet will have modern, plush seats and hi-tech inflight entertainment systems by March 2024.

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.