India’s gross domestic product (GDP) — the total value of goods and services produced in the country—grew 7.3% in 2014-15 and 7.5% in January to March, although consumer spending and investment activity remained largely muted last year, data released on Friday showed.
Man vs machine: With robots replacing humans in various jobs, as seen in Amazon’s drones, the GDP is at stake.
The US economy contracted 0.7 % in the first quarter of 2015, with the impact of a ports slowdown and cautious consumer spending worse than originally estimated.The Commerce Department's revised estimate of confirmed the stall in the first three months of the year
India Inc described the GDP figures released on Friday as encouraging, saying these confirmed industry's assessment that the economy is showing signs of recovery.
Indian Oil Corp (IOC), the country's biggest refiner, is expanding its natural gas business as the south Asian nation, the world's third-largest carbon emitter, aims to cut its dependence on coal and oil.
Tata Steel in UK, warned its employees, on Friday that the new pension scheme is heading for a huge shortfall of 2 billion pounds ( $3 billion).The warning comes even as unions are preparing to announce the results of a ballot to determine industrial action against the Indian steel giant.
The economy grew at 7.3% in 2014-15, up from 6.9% a year ago, government data showed on Friday.
Shares of SpiceJet settled nearly 7% higher today after the company posted its first profit in seven quarters.
Prime Minister Modi ramped up spending on roads, railways and rural infrastructure in April to boost economic growth, after $19 billion in cuts brought public investment shuddering to a halt at the end of the last fiscal year.
Reliance Communications Q4 profit up 46 percent
The new unified licensing regime in the Department of Telecommunication leads to Vodafone's sale of its stake in Bharati Airtel.
The benchmark Bombay Stock Exchange Sensex saw its best performance in nearly two weeks, gaining 1.2% or 322 points as investors took positions in anticipation of a rate cut by the Reserve Bank of India in next week’s monetary policy review.
After breaking its 3-day losing streak, rupee edged higher by 5 paise and continues firming up against the weakening dollar.
When we took over the economy a year ago, it was like a train that has derailed and what we have been able to do in the last year is not just put it back on track but we have been able to take a passenger train and make it like a Rajdhani. Hopefully we will make it a bullet train as well.
With the erosion in value of the rupee and the rising cost, the average education loan size has gone up 33%, from `4.5 lakh to `6 lakh, within a period of a few months.