First Revised Estimate

The government's Economic Survey 2020 pegged the gross domestic product (GDP) growth at 5 per cent in the current financial year, which it said would pick up to 6-6.5 per cent in financial year ending March 2021. That marked a sharp downward revision from the estimate of 7 per cent growth for the current financial year in last year's Economic Surve...

The Ministry of Statistics said that GDP growth according to the First Revised Estimate stood at an upwards revised 7.2 per cent in 2017-18, as against the Provisional Estimate of 6.7 per cent in May 2018.

The crew of both ships which collided off Chennai last Saturday and caused a massive oil spill are being interrogated to fix the responsibility. Sources say both the ships and the crew will not be allowed to leave the Kamarajar port outside Chennai till the investigation into the incident is over. Chennai Port Trust Chairman P Raveendran said, "Act...

A massive oil spill caused by the collision of two ships off Chennai last Saturday has been contained, the Coast Guard said today, rejecting speculation that the clean-up had been haphazard and delayed. Hundreds of volunteers, including engineering students and fishermen, are manually collecting sludge in buckets to clear the water and reduce the d...

Infosys disappointed investors as it missed first quarter earnings estimates last week. The slower-than-expected rise in revenue (up 2.2 per cent/1.7 per cent quarter-on-quarter in US dollar/constant currency terms) forced Infosys to revise down its annual sales forecast, leading to a carnage in its shares on Friday.

U.S. economic growth slowed in the first quarter but not as sharply as previously estimated, with gains in exports and investment in software partially offsetting weak consumer spending.

India's per capital income rose 7.4 per cent to Rs 93,293 in 2015-16, compared to Rs 86,879 in the preceding fiscal year, government data showed on Tuesday.

For the first time in five years, revised revenue and expenditure estimates for 2015-16 are expected to be higher than the budget ones, says Infosys' former top executive TV Mohandas Pai.

The revision came after Asia's third-largest economy grew 7.2 per cent in the first half of the 2015/16 fiscal year.

The US economy contracted at a much steeper pace than previously estimated in the first quarter to record its worst performance in five years, but there are indications that growth has since rebounded strongly.

The first day of a two-day strike called by major trade unions had a worse-than-expected impact on industry, leading industry association Assocham to revise upwards its GDP loss estimate from the strike to Rs 26,000 crore. Here are the top 10 developments:

The government's Economic Survey 2020 pegged the gross domestic product (GDP) growth at 5 per cent in the current financial year, which it said would pick up to 6-6.5 per cent in financial year ending March 2021. That marked a sharp downward revision from the estimate of 7 per cent growth for the current financial year in last year's Economic Surve...

The Ministry of Statistics said that GDP growth according to the First Revised Estimate stood at an upwards revised 7.2 per cent in 2017-18, as against the Provisional Estimate of 6.7 per cent in May 2018.

The crew of both ships which collided off Chennai last Saturday and caused a massive oil spill are being interrogated to fix the responsibility. Sources say both the ships and the crew will not be allowed to leave the Kamarajar port outside Chennai till the investigation into the incident is over. Chennai Port Trust Chairman P Raveendran said, "Act...

A massive oil spill caused by the collision of two ships off Chennai last Saturday has been contained, the Coast Guard said today, rejecting speculation that the clean-up had been haphazard and delayed. Hundreds of volunteers, including engineering students and fishermen, are manually collecting sludge in buckets to clear the water and reduce the d...

Infosys disappointed investors as it missed first quarter earnings estimates last week. The slower-than-expected rise in revenue (up 2.2 per cent/1.7 per cent quarter-on-quarter in US dollar/constant currency terms) forced Infosys to revise down its annual sales forecast, leading to a carnage in its shares on Friday.

U.S. economic growth slowed in the first quarter but not as sharply as previously estimated, with gains in exports and investment in software partially offsetting weak consumer spending.

India's per capital income rose 7.4 per cent to Rs 93,293 in 2015-16, compared to Rs 86,879 in the preceding fiscal year, government data showed on Tuesday.

For the first time in five years, revised revenue and expenditure estimates for 2015-16 are expected to be higher than the budget ones, says Infosys' former top executive TV Mohandas Pai.

The revision came after Asia's third-largest economy grew 7.2 per cent in the first half of the 2015/16 fiscal year.

The US economy contracted at a much steeper pace than previously estimated in the first quarter to record its worst performance in five years, but there are indications that growth has since rebounded strongly.

The first day of a two-day strike called by major trade unions had a worse-than-expected impact on industry, leading industry association Assocham to revise upwards its GDP loss estimate from the strike to Rs 26,000 crore. Here are the top 10 developments: