December 07, 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.
India's ad spend is expected to grow by 11.2 per cent in 2017, based on low interest rates, sustained urban demand, and impact of key reforms such as goods and services tax (GST): GroupM and Zenith
New Delhi: India and Israel have agreed to enhance the bilateral cooperation in science and technology in the next two years, under the aegis of the S&T agreement concluded in 1993, by providing US$ 1 million from each side to support new research and development (R&D) projects in the areas of big data analytics in healthcare and cyber security.
Mumbai: The Reserve Bank of India (RBI) has relaxed the two-factor authentication norm for online card transactions up to Rs 2,000 (US$ 29.4), by asking the card-issuing banks to offer the payment authentication solutions of the respective card networks to their customers on an optional basis.
New Delhi: The Government of India plans to install an additional 1 million new point of sale (PoS) terminals by March 31, 2017, with a view to expand the digital payments eco-system and facilitate the move towards cashless transactions in the country.
Mumbai: Mr Tetsuro Homma, Senior Managing Director, Panasonic Corporation, has stated that India remains a long-term attractive proposition for the company, and Panasonic will invest in its India operations to develop as a hub for not only south and west Asian markets, but also for Africa.
Mumbai: Raymond has partnered with Khadi and Village Industries Commission (KVIC) to introduce a new line of clothing under brand Khadi, under which Raymond will be able to sell Khadi-marked readymade garments and fabric in KVIC and Raymond outlets across India.