July 25, 2016
Every day we compile the latest news on the Indian economy to keep you abreast and updated on the current state of commercial affairs. So that Indian economy news stays fresh and crisp as your daily newspaper, with inputs from the best resources. Our compilations bring business news reports that are relevant today and tomorrow, giving vital inputs on the various sectors of the Indian Industry and trade. The news gathered from across the financial and political hubs of India so that you know the shape of things to come in the Indian economy.
Sowing of Kharif pulses in India has increased by 40 per cent year-on-year to 9 million hectare so far in 2016 due to adequate rains: Ministry of Agriculture & Farmers Welfare
New Delhi: Mr Dharmendra Pradhan, Minister of State for Petroleum and Natural Gas, has announced India’s intention to expand energy cooperation with the UK by pitching for investments in India’s hydrocarbon sector and exploring ways to scale up trade and investment ties with the nation after its decision to leave the European Union.
New Delhi: The Ministry of Tourism has sanctioned 25 projects worth Rs 2,048 crore (US$ 305.05 million) to 21 States and Union territories since January 2015, with an aim to develop theme based tourist circuits to enrich tourist experience and enhance employment opportunities in the country.
New Delhi: The Government of India plans to identify 10 incubators out of 200 incubation centres for start-ups and scale them up 10 times with a total investment of Rs 200 crore (US$ 29.8 million).
Chennai: International Finance Corporation (IFC), the investment arm of The World Bank, plans to acquire a minority stake in education technology firm Byju’s for US$ 15 million, which will be used to fund the company’s expansion plan, further technology development and potential inorganic growth opportunities.
New Delhi: Mr Jes Staley, Chief Executive Officer (CEO), Barclays, has expressed confidence in India's economic prospects and stated that India is an island of calm in a world beset by turbulence as policy changes are making it easier to do business in the country.