May 21, 2019
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.
Bank credit to infrastructure sector in India rose 18.5 per cent to Rs 10.55 trillion (US$ 150.34 billion) in FY19, the highest since FY13.
New Delhi: State-run Oil India is targeting to increase its oil production by 7.25 per cent and gas production by 30.4 per cent by FY22 to help India reduce its reliance on imports.
Bengaluru: Ingka Group, the franchise partner of Ikea, has acquired a minority stake in Indian home design start-up Livspace, making it Ikea's first technology investment in India.
New Delhi: Indian pharmaceutical major Dr Reddy's Laboratories is planning to invest up to US$ 300 million in research and development (R&D) in FY20.
Chennai: Leading men's wear brand Indian Terrain Fashions Ltd is planning to expand its retail outlets from 150 to 300 and double its revenues in three years.
New Delhi: Amplus Solar received has received approval for two open access solar power projects in Haryana with a planned capital investment of Rs 750 crore (US$ 106.89 million).