July 28, 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 e-commerce sector is expected to see a significant uptrend and could add 12 million new jobs in the country over the next decade: HSBC Global Research
Pune: India's gross domestic product (GDP) is expected to grow by 7.9 per cent in FY2016-17 with agricultural sector growing at 4 per cent, following normal rainfall so far and expectation of a surplus monsoon during the rest of the period, according to a report by CRISIL.
New Delhi: The Ministry of Tourism has sanctioned projects worth Rs 2,333 crore (US$ 347 million) under its flagship schemes Swadesh Darshan and PRASAD in the last 18 months, for the development of tourist facilitation centres, way-side amenities parking, illumination, sound and light shows and theme parks across India.
New Delhi: The central government has given its approval for raising foreign investment limit from 5 per cent to 15 per cent in Indian Stock Exchanges for depositories, overseas banks, insurers, stock and commodity derivative exchanges.
New Delhi: Longchamp, a French luxury leather goods brand which owns more than 300 exclusive stores globally, plans to open up to six stores in India over the next 3-4 years.
Hyderabad: India’s third largest drug maker Lupin Pharmaceuticals Limited has received preliminary approval from the United States Food and Drug Administration (USFDA) to market generic Lexiva tablets used for treatment of human immunodeficiency virus (HIV) infection in the American market.