Apart from ushering in billions of dollars of capital and solving complex problems innovatively, Indian start-ups have another claim to fame—the creation of a new kind of gig economy. In…
Category: Economy
India’s forex reserves snap three-week rise, drop $1.49 bn to $575.27 bn
India’s foreign exchange reserves fell for the first time in four weeks and stood at $575.27 billion in the week through Feb. 3, the Reserve Bank of India’s (RBI) statistical…
India’s industrial output rises 4.3% in December
India’s industrial production rose by 4.3 per cent in December, according to official data released on Friday. Factory output measured in terms of the Index of Industrial Production (IIP) grew…
India is carrying out reforms not out of compulsion, but out of conviction: PM Modi at GIS 2023
Prime Minister Narendra Modi, while inaugurating the Uttar Pradesh Global Investors Summit 2023 in Lucknow on Friday, said that India is now carrying our reforms not out of compulsion, but…
5.9 million tonnes of lithium reserves found in Jammu and Kashmir; first time in India
The government said on Thursday that 5.9 million tonnes of lithium reserves have been found in Jammu and Kashmir. This is for the first time that lithium has been found…
‘He’s just flailing around’: MoS IT Rajeev Chandrasekhar on Raghuram Rajan’s criticism of semiconductor PLI
Rajeev Chandrasekhar, Minister of State, Ministry of IT and Electronics told Business Today that former RBI Governor Raghuram Rajan’s criticism of semiconductor PLI is misplaced and that today semiconductors pose…
Delhi High Court grants bail to ex-NSE chairman Chitra Ramakrishna
Delhi High Court has granted bail to former National Stock Exchange (NSE) chairman Chitra Ramakrishna in connection with a money laundering scam, which is related to the case of illegal…
India’s fuel demand slips in January from nine-month peak
India’s fuel demand slipped in January after hitting a nine-month peak in December, hit by lower mobility due to cold weather in parts of the country and a slowdown in…
Why aren’t Indian markets enthused about FY24 GDP growth forecast of 6.4%-6.5%?
Reserve Bank of India Governor Shaktikanta Das on Wednesday announced India’s GDP growth forecast for 2023-24 at 6.4 per cent. The Economic Survey 2023, presented by Finance Minister Nirmala Sitharaman, projected a…
RBI to launch QR code-based coin vending machines
The Reserve Bank of India will launch a pilot project on QR code-based coin vending machine. The announcement was made by RBI Governor Shaktikanta Das during the Monetary Policy Committee…