October 26, 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.
The Indian Media and Entertainment (M&E) industry is expected to reach Rs 2-2.2 trillion (US$ 29.9-32.9 billion) in size by 2020: Boston Consulting Group (BCG) and Confederation of Indian Industry (CII)
New Delhi: Mr Venkaiah Naidu, Minister of Urban Development, Housing and Urban Poverty Alleviation and Information & Broadcasting, has stated that campaigns like Make in India, Skill India and Digital India, along with the Goods and Service Tax (GST) bill, are positive signals for the transformation of the media and entertainment industry.
New Delhi: The Government of India has approved 100 per cent foreign direct investment (FDI) in other financial services carried out by non-banking finance companies (NBFCs), which is expected to attract more foreign capital into the country.
Guwahati: Mr Arvind Panagariya, Vice Chairman, Niti Aayog, has stated that the three-year action plan of the Niti Aayog to boost industry and growth by bringing reforms especially in the areas of agriculture, education and healthcare, will likely start from FY 2017-18.
Mumbai: Yellow Tie Hospitality Management Llp, specialising in franchise management of food and beverages firms, plans to invest up to US$ 15-20 million in five restaurant ventures of celebrity chef Mr Harpal Singh Sokhi, with the aim to have 250 outlets under these brands by 2020.
New Delhi: Chinese smartphone manufacturers, Oppo and Vivo, have both planned to invest in setting up large scale manufacturing capacity in the state of Uttar Pradesh in India, with an aggregate investment size of Rs 4,000 crore (US$ 597 million).