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Business

GDP growth rate for 2018-19 revised downwards to 6.1%

New Delhi: The government on Friday revised downwards the economic growth rate for 2018-19 to 6.1 per cent from 6.8 per cent estimated earlier, mainly due to deceleration in mining, manufacturing and farm sectors.

 


IMF trims global growth forecast for 2019 on India slowdown

Davos: The International Monetary Fund (IMF) on Monday slightly revised downwards the growth outlook for the global economy and flagged fundamental issues of reform in trade systems.

 


LATEST HEADLINES

Two die in Kerala of suspected food poisoning after eating at Vizhinjam eatery


Karnataka leadership row intensifies with minister's 'dog' remark


Telugu actress death: SC upholds jail for paramour, directs him to surrender


Ramadan to begin from Thursday: Shaikhuna Qazi Mani Ustad announces


22 Naxalites surrender in Chhattisgarh's Sukma district


India intensifying engagement with global partners from position of strength: Jaishankar


Actor Rajpal Yadav walks out of Tihar Jail after HC suspends sentence in cheque bounce cases


Bengaluru narcotics crackdown: 15 held, drugs worth Rs 10.59 cr seized


Omar thanks Home Minister Shah for reopening 14 tourist destinations in J-K


Zimbabwe enter T20WC Super 8s after washout against Ireland


One dead, 2 critical after knife attack over dispute on social media posts; minor among 2 held


PM Modi holds talks with French President Macron in Mumbai




Amazon to invest USD 1 billion in digitising Indian small, medium business': Amazon chief Jeff Bezos

New Delhi: Amazon chief Jeff Bezos on Wednesday said the e-commerce major will invest USD 1 billion (over Rs 7,000 crore) in digitising small and medium businesses in India.

 

Growth in India projected to 'decelerate' to 11-year low of 5% in 2019-2020: World Bank

Washington: India's growth rate is projected to decelerate to five per cent in 2019-20 amid enduring financial sector issues, according to a World Bank report, which said the country's GDP was likely to recover to 5.8 per cent in the following financial year.

 

Gold prices hit lifetime high of Rs 41,730 per 10 gm, zoom Rs 720

New Delhi: Gold prices in the national capital hit an all-time high level on Monday and zoomed Rs 720 to Rs 41,730 per 10 gram following a pick-up in safe-haven demand for the metal amid weak equities and bullish global trends, according to HDFC Securities.

 

NCLAT orders reinstatement of Cyrus Mistry as Chairman of Tata Sons

New Delhi: In a big win for Cyrus Mistry, a company law appeals court on Wednesday restored him as executive chairman of Tata Sons and ruled that appointment of N Chandrasekaran as head of the holding company of over USD 110 billion salt-to-software conglomerate was illegal.

Infosys to pay USD 800,000 to settle worker misclassification, tax fraud charges

Infosys, India's top IT major, has agreed to pay USD 800,000 to settle allegations of misclassification of foreign workers and tax fraud, officials announced Tuesday.

Index of Industrial Production falls for 3rd straight month by 3.8% in October

New Delhi: Showing signs of economic slowdown, Industrial production shrank for third consecutive month in October by 3.8 per cent, mainly due to output fall in manufacturing, mining and electricity sectors, as per official data released on Thursday.

 

Reliance Jio brings new plans, prices rise by up to 39%

New Delhi: Reliance Jio on Wednesday announced new plans which will be costlier by up to 39 per cent compared to older plans for its customers.

Larry Page, Sergey Brin step down; Sundar Pichai promoted as Alphabet CEO

Google's India-born Chief Executive Officer Sundar Pichai will assume the leadership role at its parent firm Alphabet after the internet giant's co-founders Larry Page and Sergey Brin stepped down from its active management, making him one of the most powerful corporate leaders of the world.

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