Boeing drops India manufacturing plans
Earlier this month, an iPhone manufacturing plant near Bengaluru was vandalized, leading to fears that foreign manufacturing companies may go slow on plans. Aerospace company…
BUSINESS
From 1.1% to 13.6%, guesswork continues on Indian economy contraction
Not just India, the whole of Asia is hit by joblessness as 81 million lost employment. Our BureauMumbai The Indian economy is expected to contract…
India biz briefs Dec 12-18, 2020
Flipkart sees India’s tier-3 as new e-commerce frontier E-commerce marketplace Flipkart said on Friday it witnessed a new user growth of close to 50 per…
Mukesh Ambani bats for India’s $5 tn leap, pushes for 5G rollout
Pushing for rollout of 5G, RIL chairman says digital technology has evolved into a platform of unlimited enablement and empowerment from being a means of…
Business – Briefs
Adani Group seeks action against fake news wrongdoers Adani Group has written a letter to Union Minister for Law and Justice Ravi Shankar Prasad…
Q3 figures show silver lining in dark clouds?
Data for third quarter of 2020-21 confirm that economy is recuperating faster than anticipated, more sectors joining multi-speed upturn. Our BureauNew Delhi The Reserve Bank…
Covid impact: Pollution goes down
On the positive side, sharp decline in pollution across the country: Report Our BureauNew DelhiContracting for the eighth consecutive month, the output of eight core…
Tube Investments to raise Rs 350 crore from Premji Trust and SBI MF
Murugappa Group’s engineering firm Tube Investment of India (TII) is raising Rs 350 crore in capital from Azim Premji Trust and two schemes of SBI…
Crypto funding consortium Genezis Network launched
As the first step towards supporting crypto startups in India, two leading players in the cryptocurrency space in India, Ajeet Khurana and Pareen Lathia, have…
Signs of revival as Q2 reports show better results
Our BureauNew Delhi Fitch Ratings says the government’s reform agenda in response to Covid-19 pandemic has the potential to raise India’s medium-term growth rate. Citing…