Business & Economy

March 11, 2024 8:53 PM

Moody’s upgrades India’s 2024 GDP forecast to 6.8%

This revised GDP estimate marks an improvement from Moody's earlier projection of 6.1%, indicating a more favorable outlook for India's economic performance in the years to come. Moody's envisions the momentum in India's GDP growth to persist into 2025, with a forecasted growt...

March 11, 2024 8:53 PM

Asia’s factories struggle for growth as China, Japan falter

A raft of business surveys released on Friday highlighted a patchy performance across Asia with Japan's manufacturing purchasing managers' index (PMI) showing factory activity falling at the fastest pace in more than three years. There were more mixed signals out of China with the gover...

March 11, 2024 8:53 PM

WTO Conference extended to reach agreement on key issues

The World Trade Organization's 13th Ministerial Conference at Abu Dhabi has been extended until Friday, March 1st, to allow for further discussions and potential agreements on major topics. This decision follows consultations between the Director-General, the Chair, and Minister Facilitators. ...

January 16, 2024 9:59 AM

India’s KABIL seals $24 million lithium exploration pact with Argentina

Under the deal, KABIL will undertake the exploration and development of five lithium brine blocks spanning 15,703 hectares in Argentina's Catamarca province. The project involves the establishment of a KABIL branch office in Catamarca, Argentina. Joshi highlighted the agreement's histor...

January 15, 2024 4:44 PM

Boeing opens its first distribution center in India

Spanning 36,000 square feet, this parts warehouse aims to assist regional aviation customers in optimising fleet utilisation.  Boeing, in a statement released on Monday, affirmed that this new facility is part of its ongoing efforts to expand its footprint in the country, providing an efficient...

January 5, 2024 9:42 AM

Toy Industry registers 239% increase in toy exports in 2022-2023

The Indian Toy industry witnessed a rise of 239% in exports in 2022-23 as compared to 2014-15. It has been noted in a case Study on “Success Story of Made in India Toys” released by Secretary of Department for Promotion of Industry and Internal Trade ( DPIIT) Rajesh Singh in New Delhi. Addres...

January 1, 2024 2:05 PM

Commercial gas cylinders become cheaper

The price of commercial gas cylinders has been reduced on the first day of the New Year 2024. Giving major relief, public sector oil and marketing companies have reduced the price of a 19-kg commercial gas cylinder by Rs 1.50 to Rs 4.50. The new rates have come into effect today (Monday). Accordi...