August 24, 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.
Tea exports from India rose 14 per cent year-on-year to Rs 856.57 crore (US$ 127.7 million) during April-June 2016 quarter: Tea Board of India
New Delhi: India and Germany have signed an agreement on vocational education and skill development with a budget of US$ 3.37 million, which will help create and improve cooperative workplace-based vocational training in India’s industrial clusters.
Mumbai: Mr Ashok Gajapathi Raju, Union Minister for Civil Aviation, has stated that the Government is looking to boost regional connectivity by setting up 50 new airports over the next three years, out of which at least 10 would be operational in the next one year.
Chennai: The used car market in India is growing at rate of 15 per cent to reach 3.3 million units in FY 2016-17 and continue to grow further to reach 7 million units by FY 2020, as per a report published by IndianBlueBook.com.
Bengaluru: Urban Ladder Home Décor Solutions Private Limited, a Bengaluru-based curated online furniture seller, has raised US$ 3 million in venture debt from Trifecta Capital.
Mumbai: Piramal Enterprises and Bain Capital Credit have signed a memorandum of understanding (MoU) to launch a US$ 1 billion distressed asset investment platform in India which will focus on restructuring cases in all sectors other than real estate.