India and Russia are looking to expand the use of the Northern Sea shipping route, including building of processing facilities. The Northern Sea shipping route passes through the Arctic Ocean. …
Category: Economy
India’s overall exports cross an all-time high of $750 billion, says Piyush Goyal
India’s overall exports have crossed an all-time high of $750 billion, Union Minister of Commerce Piyush Goyal said on Tuesday. The country’s exports have risen from $500 billion in 2020-2021…
Centre on course to meet FY23 divestment target
With fiscal 2022-23 set to end this Friday, the central government is expected to achieve its revised target of Rs 93,000 crore for disinvestment proceeds, including dividends. As per official…
Oil sales to India jumped 22 times in 2022: Russia Deputy PM Alexander Novak
Russia Deputy Prime Minister Alexander Novak said that oil supplies to India jumped 22-fold last year. He said that Russia needs to focus on boosting energy exports to ‘friendly’ countries. …
Govt gave Rs 8,800 crore to SBI in FY18 without the lender asking for it: CAG report
A Comptroller and Auditor General of India (CAG) report, presented in the Parliament on Monday, stated that the Department of Financial Services (DFS) gave Rs 8,800 crore to State Bank…
EXCLUSIVE: Dunzo, Loadshare in talks with ONDC to launch bike taxi services
Quick commerce firm Dunzo and logistics start-up Loadshare are in talks with the Open Network for Digital Commerce (ONDC), a government-backed initiative, to expand their respective two-wheeler fleets to offer…
EPFO continues to invest in Adani Enterprises, Adani Ports despite market rout; may continue till Sept
The Employees’ Provident Fund Organisation (EPFO) has continued to invest in two Adani stocks despite the rout following the entire Hindenburg saga. EPFO continues to invest in Adani Ports and…
S&P keeps India’s economic growth forecast unchanged at 6% in FY24
S&P Global Ratings on Monday kept its forecast for India’s economic growth unchanged at 6 per cent in the fiscal year starting April 1, before rising to 6.9 per cent…
RBI likely to hike 25 basis point interest rate in monetary policy meet, say experts
With retail inflation remaining above the comfort level of 6 per cent and most global peers including the US Fed continuing their hawkish stance, the Reserve Bank of India too…
Rs 180-crore electronics manufacturing cluster approved at Dharwad in Karnataka
In yet another effort to make India an electronics manufacturing hub, the government has sanctioned a new greenfield for Electronics Manufacturing Cluster (EMC) at Dharwad in Karnataka today. This Rs…