India’s GDP to exceed $3 trillion; to become 5th largest economy in 2019
NEW DELHI: India is forecast to overtake the UK to become the world’s fifth largest economy this year and projected to surpass Japan to feature at the second position in the Asia-Pacific region by 2025, IHS Markit said on Monday. In a report on Prime Minister Narendra Modi and his BJP party’s victory in the […]
Ashok Leyland sells more than 13,000 units in May, total sales dips 4%
NEW DELHI: Hinduja Group flagship firm Ashok Leyland on Monday reported a four per cent decline in total sales to 13,172 units in May. The company had sold 13,659 units during the corresponding month last year, Ashok Leyland said in a statement. Sales of medium and heavy commercial vehicles in May declined by 14 per […]
Pre-monsoon rainfall in India second lowest in 65 years, says Skymet
NEW DELHI: The pre-monsoon rainfall in the country was the second lowest in 65 years, private weather forecaster Skymet Weather said on Monday. The three-month pre-monsoon season March, April and May ended with a rainfall deficiency of 25 per cent. All the four meteorological divisions – Northwest India, Central India, East-Northeast India and South Peninsula […]
India should think big and envision 10% GDP growth rate: CII President
NEW DELHI: Strong action to spur consumption, investments and net exports will take GDP growth rates much higher, according to Vikram Kirloskar, President, Confederation of Indian Industry (CII) and Chairman and MD, Kirloskar Systems Ltd and Vice Chairman, Toyota Kirloskar. The CII President was addressing his first press conference after assuming office. “This is the […]
With elections over, Emirates now eyes more seats on Dubai-India route
NEW DELHI: Gulf carrier Emirates is looking for more seats to offer on the Dubai-India route, which has not seen an increase in bilateral rights for the last five years, and expects discussions to restart between the two governments, a top official said. Emirates, the flagship carrier of Dubai, flies to nine destinations in India […]
India to present Budget 2019-20 on July 5
NEW DELHI: The newly appointed Finance Minister Nirmala Sitharaman will present the full Budget for 2019-20 on July 5 in the Lok Sabha. This will be first full Budget of Modi 2.0 government. In view of the general elections, the interim Budget for the current fiscal was presented by the then Finance Minister Piyush Goyal. […]
GDP growth slows to five-year low at 5.8 per cent in January-March
NEW DELHI: India’s economic growth rate slowed to five-year low of 5.8 per cent in January-March 2018-19, due to poor performance in agriculture and manufacturing sectors, official data released on Friday said. The Central Statistics Office (CSO) also revealed that GDP growth during 2018-19 fiscal stood at 6.8 per cent, lower than 7.2 per cent […]
Pakistan extends closure of airspace along India till border till June 15
ISLAMABAD: Pakistan has further extended the closure of its airspace along its eastern border with India until June 15, according to the country’s civil aviation authority. Pakistan fully closed its airspace in February after an Indian Air Force strike on a Jaish-e-Mohammed (JeM) terror camp in Balakot. The country opened its airspace for all flights […]
Reliance Entertainment, PVR pictures collaborate to distribute films in India
NEW DELHI: Anil D. Ambani led Reliance Entertainment, joins hands with PVR Pictures Limited, the motion picture arm of PVR Limited, India’s largest cinema chain, to distribute films pan India. This venture is the first endeavor of its kind in the Indian film industry. At the onset the companies together will distribute Reliance Entertainment’s upcoming […]
US removes India from its currency monitoring list
By Lalit K Jha WASHINGTON: The Donald Trump administration on Tuesday removed India from its currency monitoring list of major trading partners, citing certain developments and steps being taken by New Delhi which address some of its major concerns. Switzerland is the other nation that has been removed by the US from its currency monitoring […]
Ficci demands stimulus package to pump-prime slowing Indian economy
NEW DELHI: Apex industry chamber Ficci on Monday made a strong case for fiscal stimulus to pump-prime the slowing economy amid global headwinds and weakening domestic demand in the next budget as the Narendra Modi government is all set to begin its second innings. India’s GDP growth slowed to five-quarter low of 6.6 per cent […]
Mandate for creating new India’s new Uttar Pradesh: Yogi Adityanath
By Subhashis Mittra LUCKNOW: Uttar Pradesh Chief Minister Yogi Adityanath says the massive mandate in the Lok Sabha polls was a mandate for creating “new India’s new Uttar Pradesh” and gave a befitting reply to those parties which cheated the poor in the name of social welfare and relied on caste politics. Adityanath says his […]
India stopped purchasing Iranian oil after US waivers expired
By Lalit K Jha WASHINGTON: India has stopped importing oil from Iran after American waivers granted to eight buyers expired early this month, New Delhi’s envoy here has said, becoming the latest country to comply with the US sanctions on Tehran over its nuclear programme. The US reimposed sanctions on Iran in November after pulling […]
Monsoon likely to arrive 5 days late on June 6: IMD
NEW DELHI: The monsoon is likely to be delayed this year as its arrival expected on June 6, five days after its normal onset date, the India Meteorological Department (IMD) said on Wednesday. “This year, the statistical model forecast suggests that the monsoon onset over Kerala is likely to be slightly delayed,” the IMD said. […]
OPPO F11 to be available on sale with exciting offers from 18th May
NEW DELHI: The Chinese smartphone brand Oppo has announced the sale of the OPPO F11 in India, starting 18th May. The smartphone comes equipped with ground breaking technology including VOOC flash charge 3.0 and 48MP + 5MP dual rear camera setup with ultra-night mode to support brilliant photos in low light. The F11 will be […]
Honda to continue selling diesel models in India
NEW DELHI: Japanese auto major Honda will continue to offer diesel models in India even after BS-VI emission norms kick in, unlike Maruti Suzuki which has decided to stop selling diesel cars from April 1, 2020. According to a senior official of Honda Cars India Ltd (HCIL), the company plans to upgrade its two diesel […]