January 24, 2017
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 cotton production for 2016-17 is up by 1 per cent to 34.1 million bales: The Cotton Association of India (CAI)
New Delhi: The Government of India has raised Rs 30,000 crore (US$ 4.41 billion) from disinvestment proceeds, the highest amount raised through stake sales, and further aims to meet the disinvestment target of Rs 56,500 crore (US$ 8.3 billion) for the year, as per Mr Neeraj Gupta, Secretary, Department of Investment and Public Asset Management (DIPAM).
New Delhi: Mr Piyush Goyal, Minister of Power, has supported wider usage of smart electricity meters, which he said can be a game changer in combination with roof top solar power, and encouraged electrical equipment industry to come up with innovations that will benefit the consumers in using electricity efficiently.
Mumbai: Mr N S Vishwanathan, Deputy Governor, Reserve Bank of India (RBI), has stated that the Central Bank plans to set up a financial sector resolution corporation, which will help companies in the financial sector by providing them with insurance and resolution in case of insolvency.
Bengaluru: AO Smith, a US based water technology and air purification solutions company, sees India as one of key markets and plans to grow at double-digit growth rate, having invested US$ 75 million so far.
New Delhi: Uber Technologies Inc plans to launch UberEATS, its food delivery service to India, with investments made across multiple cities and regions, as per Mr Allen Penn, Head, Asia-Pacific, UberEATS.