New Delhi, Sep 2 (IANS) India’s banking system has attracted $136.38 billion in foreign currency inflows through the Reserve Bank of India’s special dollar-rupee swap facility, with FCNR(B) deposits accounting for the bulk of the mobilisation, according to provisional RBI data released on Wednesday.
New Delhi, Sep 2 (IANS) Civil Aviation Minister Ram Mohan Naidu on Wednesday emphasised the need to make the issuance of no objection certificates (NOCs) process hassle-free, transparent, automated and time-bound, with minimal manual intervention.
New Delhi, Sep 2 (IANS) India will need to more than double electricity's share in its total energy consumption by 2047 as the country moves towards its net-zero ambitions and a developed economy status, Central Electricity Authority (CEA) Chairperson Ghanshyam Prasad said on Wednesday.
New Delhi, Sep 2 (IANS) India’s auto‑component industry has grown at a 17 per cent compound annual growth rate to reach $86 billion in FY26 and is targeting roughly $200 billion by FY30, but the sector must build resilience to withstand recurring shocks, a report said on Wednesday.
New Delhi, Sep 2 (IANS) Commerce and Industry Minister Piyush Goyal said on Wednesday that the government expects investments in the data centre sector to reach around $200 billion, reflecting the scale of the opportunity created by India’s rapidly growing digital economy and AI ecosystem.
New Delhi, Sep 2 (IANS) The Ministry of Statistics and Programme Implementation (MOSPI) refuted the claim that last year's current GDP for Q1 has been revised down from Rs 86 lakh crore to Rs 80 lakh crore, to make current year's GDP for the first quarter to look better and if this was not done, the growth would have been 2.6 per cent in current prices.
New Delhi, Sep 2 (IANS) As the official GDP growth figures have sparked a debate after incorporating a revised base year and updated historical estimates, a report from SBI Research on Wednesday pushed back against criticism of the data, arguing that comparisons being used to question the growth rate are based on mismatched statistical series.
Mumbai, Sep 2 (IANS) Indian benchmark equity indices extended their losses for the third consecutive session on Wednesday, as a spike in oil prices heightened concerns over the inflation outlook, while rising bond yields further dampened investors' risk appetite.
New Delhi, Sep 2 (IANS) Indian corporate firms kicked off FY27 on a strong note with revenue growth accelerating to its highest level in several quarters and companies comfortably outperforming expectations, according to a report released on Wednesday.
New Delhi, Sep 2 (IANS) Salaries of artificial intelligence (AI)-related jobs in India have compounded 23 per cent between 2024 and 2026 while pay in some legacy technology roles has fallen, widening a compensation divide in the job market, a report said on Wednesday.
