MUMBAI - India's annual consumer price inflation eased to a lower-than-expected 2.99 percent in April, helped by smaller rises in food prices, government data showed on Friday.
Meanwhile, India's industrial output rose a stronger-than-expected 2.7 percent in March from a year earlier, according to separate government data.
This year's Akshaya Tritiya saw double gold sales across the country as compared to 2016, an expert said on Thursday.
"Akshaya Tritiya this year (2017) was excellent -- it is estimated that about 35 tonnes of gold was sold across the country during this period, roughly double the numbers of last year," Sanjeev Agarwal, Chairman at FICCI Gems and Jewellery Committee,
Asia/Pacific CEOs expect productivity in their organisations to increase by 24 per cent by the end of 2018, with revenue and profitability as the top two indicators of success, according to a survey released on Thursday.
Gartner Inc.'s 2017 CEO survey uncovers a gap between what they want to achieve and where technology investments are being made.
In a move that could herald an IT revolution in small Indian cities, the Software Technology Parks of India (STPI) is all set to launch 1,000 seats in Patna this week, which is likely to create roughly 1,500 vacancies in the sector.
Functioning under the Ministry of Electronics and Information Technology, the STPI has plans to launch 48,000 such seats, with a target employment of
India's NPA problem has a flip side to it: the issue of rising corporate debts.
The IMF, in its latest Global Financial Stability Report, warned that rising corporate debts were a risk to growth in emerging markets and pointed out that India's debt is one of the highest among these economies. In fact, in 2016-17, trading in corporate debt securities at BSE and NSE shot up by 4
The second 220 MW unit of the Madras Atomic Power Station (MAPS), run by Nuclear Power Corporation of India Ltd (NPCIL) at Kalpakkam near here, is expected to restart operations on May 8, a senior official said.
The Unit is under annual maintenance shutdown since March this year.
Speaking to IANS about the 220 MW Unit II, the Station Director at MAPS R. Satya
DSP Blackrock said despite volatility, the domestic equities will continue to remain the best performing asset class in the long run given the fast improving macroeconomic conditions, reported PTI. "The country is well placed on growth and liquidity. Macro conditions are improving, the entrepreneurial environment is positive, and there is good value creation potential in a host of business
Icra said that the NBFCs retail credit which stood at Rs 5.6 trillion as on December 2016, is likely to expand by 16-18 per cent in the fiscal 2017-18, reported PTI. "Retail credit growth of NBFCs is expected to remain at about 16-18 per cent for fiscal 2018 as competitive pressures increase and some key asset classes (LAP, microfinance) are likely to witness slower growth over the medium
SINGAPORE - Sentiment toward Asian currencies has improved from two weeks ago, as worries about the risk of an anti-establishment shock from the French presidential elections subsided, a Reuters poll showed on Thursday.
Bullish bets on the Taiwan dollar nearly doubled compared with the previous poll two weeks ago, and ballooned to the largest since February 2011
The massive hunt for undeclared cash launched across the country post demonetisation has revealed that these was either converted into gold or routed through shell companies to make it legal tender, IT sleuths have told IANS.
Income Tax officials said black money holders avoided the bank-deposit route because they wanted to conceal their identities and somehow had "managed to get