NEW DELHI: The number of Indian visitors to Dubai rose more than twofold to 8.58 lakh during January-June 2022 compared to the year-ago period, according to the Dubai’s Department of Economy and Tourism (DET). In the first half of 2021, over 4.09 lakh people from India visited Dubai, the DET data showed. Overall, Dubai attracted […]
NEW DELHI: Negotiations for the proposed free trade agreement between India and the UK is progressing at a faster pace, commerce and industry minister Piyush Goyal said on Tuesday. The agreement is aimed at boosting bilateral trade and investments between the two countries. India has signed a trade pact with the UAE in a “record” […]
NEW DELHI: India seeks to restrict Chinese smartphone makers from selling devices cheaper than Rs 12,000 ($150) to kickstart its faltering domestic industry, dealing a blow to brands including Xiaomi Corp. The move is aimed at pushing Chinese giants out of the lower segment of the world’s second-biggest mobile market, according to people familiar with […]
NEW DELHI: Chhattisgarh Chief Minister Bhupesh Baghel Sunday reiterated his demand to the Centre seeking a five-year extension for the compensation paid to states for revenue shortfall due to GST implementation and called for revising the rates of royalty for coal and other major minerals from the state. Addressing the meeting of the seventh Governing […]
NEW DELHI: The Reserve Bank of India (RBI) on Friday raised the key interest rate by 50 basis points, the third straight increase since May in an effort to cool stubbornly high inflation and defend the rupee. The repurchase rate was raised by 50 basis points to lift the interest rate to the pre-pandemic level. […]
NEW DELHI: The government of India will be building 26 green expressways in the country in the next three years and India’s road infrastructure will be as good as that in the United States by 2024, Transport minister Nitin Gadkari told Rajya Sabha. Replying to supplementaries during the Question Hour, the minister said there is […]
NEW DELHI: The RBI on Friday retained inflation forecast for FY23 at 6.7 per cent amid uncertain price trajectory on “geopolitical shocks” and on hope that inflationary pressures would ease with pick-up in kharif sowing and supply chain improvements. In its previous monetary policy review in June, it had projected retail inflation for 2022-23 at […]
NEW DELHI: India’s largest digital services provider, today acquired spectrum in the 700MHz, 800MHz, 1800MHz, 3300MHz and 26GHz bands in the auctions conducted by the Department of Telecommunications, Government of India. The acquisition of the right to use this spectrum will enable Jio to build the World’s most advanced 5G network and further strengthen India’s […]
NEW DELHI: Bharti Airtel today announced that it is set to lead India’s 5G revolution. The telecom company said that it has acquired 19,800 MHz spectrum by securing a pan India footprint of 3.5 GHz and 26 GHz bands. In addition, the company was able to selectively bolster mid-band spectrum. This massive spectrum bank was […]
NEW DELHI: Bharti Airtel chairman Sunil Mittal’s remuneration fell nearly five per cent in the financial year 2021-22 to Rs 15.39 crore on lower perquisite value, according to the telecom company’s annual report. The gross remuneration of the telecom industry stalwart and Airtel’s top honcho stood at Rs 16.19 crore in the year 2020-21. While […]
NEW DELHI: Reliance Retail Limited, India’s largest retailer, has entered a long-term partnership with Gap Inc. to bring iconic American fashion brand Gap to India. Through the long-term franchise agreement, Reliance Retail has become the official retailer for Gap across all channels in India. Reliance Retail will introduce Gap’s latest fashion offerings to Indian consumers […]
NEW DELHI: The Goods and Services Tax (GST) revenue in June rose to Rs 1.44 trillion, registering a 56 per cent increase over the same month last year, Finance Minister Nirmala Sitharaman said on Friday. Sitharaman said Rs 1.4 trillion is the “rough bottom line” now for GST collections. GST revenue for May stood at […]
NEW DELHI: Shapoorji Pallonji Group’s head Pallonji Mistry died at his residence here, company officials said on Tuesday. Mistry, the largest individual shareholder in the Tata Group with a 18.4 per cent holding in the conglomerate, was 93. He died mid-sleep at his south Mumbai residence on the intervening night of Monday and Tuesday, the […]
NEW DELHI: India’s gig workforce is expected to expand to 2.35 crore by 2029-30 from 77 lakh in 2020-21, a NITI Aayog report said on Monday, and recommended extending social security measures for such workers and their families in partnership mode as envisaged in Code on Social Security. The report titled ‘India’s Booming Gig and […]
NEW DELHI: Tata Consumer Products Ltd will continue to look for the right acquisition opportunities in different categories to fuel its growth, the company’s chairman N Chandrasekaran said on Monday. Responding to shareholders’ queries in the annual general meeting of the company, Chandrasekaran, who is also the chairman of Tata Sons — the holding firm […]
COLOMBO: Sri Lanka’s Prime Minister Ranil Wickremesinghe on Wednesday told Parliament that financial assistance provided by India are not “charitable donations” and the island nation facing severe economic crisis must have a plan to repay these loans. Sri Lanka has been facing the worst economic crisis since independence in 1948 which has prompted an acute […]
