Ajay Banga Assumes The Position Of President Of World Bank Of India For Five Years
Ajay Banga, an American citizen of Indian origin, assumed official leadership of the World Bank on Friday.
India’s Tata Group signs EV battery plant deal Worth $1.6 billion
India's Tata Group signed an outline agreement on Friday for the construction of a lithium-ion cell factory, based on an investment of about 130 billion rupees ($1.58 billion).
Tech Giant Wipro Sets Record Date For Buyback Offer
IT behemoth Wipro Ltd has a whopping Rs 12,000 crore buyback plan in store for its shareholders.
India’s May Manufacturing PMI Hits Highest Level Since October 2020
While the overall improvement in the health of the sector was the strongest since October 2020, output levels were the highest in 28 months and the pressure on capacities compelled firms to rev up fresh hiring to a six-month high.
Economists Welcome India’s Fourth-Quarter GDP Growth But Warn Of Difficult Conditions
Private consumption remained weak, but growth exceeded analyst expectations, driven by government and private capital spending.
GST Collection In May Jumps 12% Y-O-Y To Rs1.57-Lakh Crore
With this, the monthly GST revenue stands at over Rs 1.4 lakh crore for the 14th consecutive month. In the previous month of April 2023
Foxconn Set To Make iPhones In India’s Karnataka By Next Year
The land for the factory would be handed over to Foxconn by July 1, the government said, adding that the project, valued at 130 billion rupees ($1.59 billion), is expected to create around 50,000 jobs.
India’s 6.1 Per Cent GDP Growth Sets New Record Globally
With a total size of USD 3.3 trillion, this exceptional accomplishment has increased the yearly growth rate to an astonishing 7.2 per cent, solidifying India’s position as Asia’s third-largest economy
NHPC Inks Initial Pact With Nepalese Utility To Develop 480 MW Phukot Karnali Hydro Project
The MoU was exchanged by RK Vishnoi, Chairman & Managing Director, NHPC, and VUCL Managing Director Surya Prasad Rijal
India Shines Bright: World-Beating GDP Growth Of 6.1% Sets New Record
Government data released on Wednesday revealed that the economy exceeded all estimates by achieving a growth rate of 6.1 percent in the January-March quarter, a significant increase from the revised growth of 4.5 percent in the previous quarter.
