India can become ‘super economic power’, says Union Minister Nitin Gadkari

Union Transport Minister Nitin Gadkari on Friday said that India can become a “super economic power” given its economic potential. He was speaking on the topic “India’s Growth” at an award ceremony organised by Pune Mirror, an English daily. As much as 52 to 54 per cent growth in the country comes … Read more

Monsoon season ends on a high, India records 6% surplus rain: IMD

The southwest monsoon official ended the 2022 season with a cumulative rainfall of 925 millimeters, which is 6 per cent more than normal. The rains that started on a moderate note in June is, however, not expected to go away in a hurry. According to the latest forecast by India Meteorological Department (IMD), a cyclonic … Read more

India Regulator to Restart Review Process for IPO of Fairfax’s Digit Insurance: Sources

India’s markets regulator will restart a review of a $440 million initial public offering of Digit Insurance after the company resolved certain compliance issues that had led to the regulator putting the process on hold, two sources told Reuters on Friday. The Securities and Exchange Board of India (SEBI) put Canadian billionaire Prem Watsa-backed Digit … Read more

Inflation forcing rural India to buy fewer essentials items: Report

Rural India is purchasing fewer daily use items, as a result of inflation’s impact on household budgets, a report said. Released on Thursday, the Rural Barometer Report by research firm Kantar and GroupM’s Dialogue Factory, showed that the monthly purchases of essential items have decreased by 5 per cent in rural markets … Read more

Proof to PM’s commitment to make India innovation hub: NITI VC on GII rank

India’s jump to the 40th rank in the Global Innovation Index 2022 is a testament to the Prime Minister’s commitment to making India an innovation hub, NITI Aayog Vice Chairman Suman Bery said on Friday. Addressing an event organised by the Aayog, Bery further said the industry needs to ensure that its … Read more

India, California to collaborate for innovation in zero-emission vehicles

India has entered into a collaboration with California for research and innovation in the field of zero-emission vehicles to spur the development of its nascent EV industry and address climate risks. California has the world’s most advanced zero-emission vehicle (ZEV) policies. It has an ambitious 100 per cent ZEV mandate by 2035. … Read more

India to soon emerge as pillar of global economic revival: Piyush Goyal

Union Minister Piyush Goyal on Thursday said India will be the pillar of the global economic revival as it exhibited steady growth and emerged as the fastest-growing country among large economies of the world. Addressing the Bengal Chamber of Commerce and Industry’s annual general meeting virtually, he said if all stakeholders of … Read more

India a ‘star’ among emerging market economies with 7.3 pc growth in FY23: S&P

S&P Global Ratings on Thursday said rising rates and increased European energy insecurity are hitting growth in almost every country, but India with an estimated 7.3 per cent growth this fiscal, would be the ‘star’ among emerging market economies. In a report, S&P said global macro performance over the next few quarters … Read more

India wants ADB to increase equity base to strengthen lending operations

India wants the multilateral funding agency ADB to increase its equity base through another round of general capital increase with a view to strengthening its lending operations. Speaking at the 55th Annual Meeting of ADB, India’s Economic Affairs Secretary Ajay Seth said rising commodity prices are endangering food security. “We are … Read more