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IMF forecasts India's GDP to grow at 7.5 per cent in 2019/20 fiscal year

New York: India’s GDP is expected to increase 7.3 per cent in 2018-19 and 7.5 per cent in 2019-20, driven by increase in investments and private consumption, as per the new forecast by the International Monetary Fund (IMF)...

August 10, 2018
Report

MF retail assets crossing Rs 10 trn a big achievement: Amfi's N S Venkatesh

New Delhi: India's mutual fund industry grew at the rate of 17 per cent year-on-year while the retail segment recorded a growth of 34 per cent year-on-year as the retail assets hit an all-time high by crossing Rs 10 trillion...

August 10, 2018
Report

Mobile wallet transactions hit record ₹14,632 crore in June, shows RBI data

New Delhi: Mobile wallet transactions in India increased 4.2 per cent month-on-month in June 2018 to Rs 14,632 crore (US$ 2.13 billion), as per data from Reserve Bank of India (RBI).

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August 10, 2018
Report

Textile, clothing exports up marginally to USD 39.2 bn in 2017-18: Textile Min

New Delhi: Textiles and clothing exports from India reached US$ 39.2 billion in 2017-18, according to Mr Ajay Tamta, Minister of State for Textiles, Government of India.

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July 27, 2018
Report

Housing sales up 3% in H1 in top 8 cities; launches up 46%: Knight Frank

New Delhi: India's real estate sales grew by 3 per cent year-on-year to 1.24 lakh units and launches of new homes increased to 91,739 units at the rate of 46 per cent year-on-year in eight major cities during January-June 20...

July 27, 2018
Report

Mutual funds add 33 lakh folios in Q1 on growing investor interest

New Delhi: India's number of mutual fund portfolios increased to 7,46,24,230 at the end of June 2018 from 7,13,47,301 at the end of March 2018 due to addition of 32.77 lakh new portfolios during April-June 2018, driven by gr...

July 27, 2018
Report

Passenger vehicle sales rise 38% in June; car sales up 34%

New Delhi: Domestic passenger vehicle sales increased by 37.54 per cent year-on-year to 273,759 units and domestic car sales rose by 34.21 per cent year-on-year to 183,885 units in June 2018

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July 13, 2018
Report

Cargo traffic at major ports rises 4% in Apr-Jun

New Delhi: Cargo traffic handled at major ports in India increased 3.9 per cent to reach 174.02 million tonnes during April-June 2018.

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July 13, 2018
Report

Mutual fund inflow rises 43% to Rs 1.4 lakh cr in Q1: Amfi

New Delhi: Mutual fund investments have increased by 43 per cent year-on-year to reach Rs 1.4 trillion (US$ 20.39 billion) in April-June quarter 2018.

...

July 13, 2018
Report

Revenue from e-commerce in India to touch USD 52 bn by 2022: Report

New Delhi: Indian e-commerce industry is forecasted to grow by 20.2 per cent per year to reach US$ 52 billion by 2022, according to a report.

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June 29, 2018
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