Manufacturing PMI eases to 52.3 in July as new orders, output rise

New Delhi: The Purchasing Managers’ Index (PMI) in India was 52.3 in July 2018, showing sustained expansion in the manufacturing sector.

State Bank of Mauritius plans to open six new branches in India under WOS

Mumbai: State Bank of Mauritius (SBM) is planning to open six new branches in India after starting its operation under Wholly-Owned Subsidiary (WOS) by the end of 2018.

Fiscal deficit, core sector boost for Modi govt ahead of RBI policy review

New Delhi: India's fiscal deficit for Apr-Jun 2018 stood at 68.7 per cent of the budgeted estimate of 2018-19, compared to 80.8 per cent during the corresponding period of the ...

100,000 jobs: TCS tech backbone for Indian Railways' largest recruitment

New Delhi/Mumbai: India's Railway Recruitment Board has contracted Tata Consultancy Services (TCS) to conduct world’s largest recruitment drive through phase-wise online ...

Microcredit witnesses 40% year-on-year growth for the last few months

Kolkata: Microcredit sector in India has increased by 38 per cent year-on-year to reach Rs 19,700 crore (US$ 2.85 billion) in May 2018.

India will be a 5 trillion dollar economy within 7-8 years, and a 10 trillion dollar economy by 2035: Suresh Prabhu

New Delhi: India has the potential to become a US$ 5 trillion economy within the next 7-8 years and a US$ 10 trillion economy by 2035, according to Mr Suresh Prabhu, Minister for C...

Mastercard plans to invest around Rs 16.25 billion in India by 2019

Mumbai: Mastercard is planning to invest around Rs 16.25 billion (US$ 236.68 million) in India by 2019 in order to push digital payments.

India eyes larger export share as Sri Lankan tea faces challenges

Kolkata: Indian firms are looking to increase their market share in tea exports as Sri Lanka, a major tea producer and exporter, is facing various challenges.