October 27, 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.
Over 7.8 million new income tax filers were added to the economy between FY 2012-13 to FY 2014-15, pushing up the total number of filers to 39.13 million: Central Board of Direct Taxes
New Delhi: India has surpassed the US to become the second-biggest market globally in terms of smartphone connections, which stood at 275 million at the end of June 2016, higher than 259 million connections in the US, according to data from global telecommunications body GSMA.
New Delhi: India has retained its position as the third largest startup base in the world with over 4,750 technology startups, with about 1,400 new start-ups being founded in 2016, according to a report by Nasscom.
New Delhi: Mr Rajyavardhan Rathore, Minister of State for Information & Broadcasting, announced at the CII Big Picture Summit that a series of measures have been undertaken by the Government to facilitate growth and innovation of the Media and Entertainment sector.
New Delhi: SAP SE, in partnership with the Associated Chambers of Commerce of India (Assocham), has rolled out a knowledge sharing resource centre which will serve as a one-stop portal for businesses looking to adopt or migrate to technology that will make them future ready for the biggest taxation reform of goods and services tax (GST).
Kolkata: Honda Motorcycle and Scooter India (HMSI) has inaugurated its 900th Honda Authorised Exclusive Dealership in India, thereby taking its total dealership network to 4,800 across the country and further plans to increase its network to 5,300 by end of 2016-17.