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Indian Economy News

August 29, 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.

  • Unified Payment Interface app downloads cross 10,000

    Total downloads of the Unified Payment Interface (UPI) mobile application by bank customers have crossed the 10,000 mark within a day after going live

  • Isro joins elite group with successful scramjet test

    Chennai: The Indian Space Research Organisation (ISRO) successfully flight-tested its scramjet engines, which could bring down launch costs by reducing the amount of oxidiser to be carried along with the fuel on rockets.

  • Govt sets up incubation centre for start-ups

    New Delhi: Mr Ravi Shankar Prasad, Union Minister of Electronics and Information Technology, inaugurated an Electropreneur Park at University of Delhi’s South Campus, which would incubate 50 early stage start-ups and create at least five global companies over a period of five years.

  • India's first textile city likely to come up in AP

    New Delhi: India’s first integrated textiles city, which will largely cater to the export market and build a brand for Indian textiles abroad, is likely to be set up in the state of Andhra Pradesh.

  • MobiKwik raises US$ 40 million from Nasdaq-listed Net1

    Bengaluru: Gurgaon-based digital wallet start-up MobiKwik, which is owned and operated by One MobiKwik Systems Private Limited, has raised US$ 40 million from Nasdaq-listed firm Net1, a South African payments technology company.

  • Huawei sets up biggest global service centre in Bengaluru, invests Rs 136 crore

    Kolkata: Chinese telecom gear maker Huawei has set up its largest global service centre (GSC) at Bengaluru in India, with an initial investment of Rs 136 crore (US$ 20.25 million), which will extend its support to Huawei's domestic and international telecom carrier customers in about 30 markets across Asia, Middle East and Africa.

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