October 16, 2018
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.
New Delhi: Merger & Acquisitions (M&A) activity in India reached US$ 76.03 billion between January-September 2018, driven by strong earnings and big ticket deals, as per a report by Grant Thornton India LLP.
New Delhi: Merchandise trade deficit of India drops to a five-month low of US$ 13.98 billion in September 2018, as per data released by the Ministry of Commerce & Industry.
Mumbai: India stood fifth in adoption of automation technologies at scale, which can reduce up to US$ 165 billion in costs by 2022 in various sectors across the world, according to a study conducted by Capgemini Research Institute.
New Delhi: Amazon India and Flipkart are estimated to have recorded 64 per cent year-on-year festive sales growth with sales worth Rs 15,000 crore (US$ 2.03 billion) between October 9-14, 2018.
Bank credit and deposits in India increased 12.51 per cent and 8.07 per cent year-on-year respectively during the fortnight ended September 28, 2018.
New Delhi: Venture Capital (VC) investments in India crossed US$ 2 billion between July-September 2018, more than doubling on a quarter-on-quarter basis, as per KPMG's Venture Pulse Q3 2018 report.