September 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 film industry's gross box office collection is expected to grow at a compound annual growth rate (CAGR) of 11 per cent to US$ 3.7 billion by 2020: Deloitte
New Delhi: The first Incredible India Tourism Investment Summit 2016, which was organised from September 21-23, 2016, witnessed signing of 86 Memoranda of Understanding (MoUs) worth around Rs 15,000 crore (US$ 2.25 billion), for the development of tourism and hospitality projects.
New Delhi: The NITI Aayog has proposed a 10-year corporation tax holiday for the coastal economic zones (CEZs), which are being planned on coastal lines of India to set up labour-intensive industries including clothing and electronics, to tap export markets and boost employment in the country.
Mumbai: The Securities Exchange Board of India (SEBI) has allowed select categories of foreign portfolio investors (FPIs) to directly trade in the corporate bond market in India without brokers, with a view to develop the Indian corporate bond market to attract more foreign investments into the country.
Mumbai: Rashtriya Chemicals and Fertilizers (RCF) in association with Gujarat State Fertilizer Corporation (GSFC) and Faradast Energy Falat Company (FALAT) plans to set up a 1.3 million tonne (MT) urea plant at Chahbahar in Iran by investing Rs 6,500 crore (US$ 974 million).
Mumbai: Marriott International, which has emerged as the largest global hotel company after acquiring Starwood Hotels & Resorts, plans to open around 80 hotels in India over the next three years, thereby taking the total count to around 160 hotels in the country.