September 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 jumped 16 places in the World Economic Forum's (WEF) 2016-17 Global Competitiveness Index (GCI) to emerge as the highest rising economy in the world
New Delhi: Asian Development Bank (ADB) retained its projections for India's economic growth at 7.4 per cent for FY 2017 and stated that India's economy will remain on a strong growth path, aided by implementation of key structural reforms, robust consumer demand and higher agricultural output, driven by a good monsoon.
New Delhi: India is looking to operationalise the negotiated Bilateral Investment Promotion and Protection Agreements (BIPA) treaty with Canada, as part of its efforts to enhance economic cooperation and attract foreign investment in the country.
New Delhi: Ms Nirmala Sitharaman, Minister of State with Independent Charge for the Ministry of Commerce & Industry, was on a visit to Sri Lanka from September 26 to September 27, 2016 to enhance and deepen bilateral trade and investment relations between the two countries.
New Delhi: RBL Bank Limited, an Indian private sector bank, has raised Rs 330 crore (US$ 49.6 million) from a UK-based development finance institution CDC Group Plc, which will help RBL to strengthen the capital base to meet future requirements and comply with guidelines set by the Reserve Bank of India (RBI).
Bengaluru: Altico Capital India Private Limited, a non-banking financial company (NBFC) has invested Rs 500 crore (US$ 75.2 million) in Mumbai-based realty firm Nirmal Group.