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13 April, 2018 10:28 AM Indian economy is a lead-driver for trade growth globally, says global study

Called DHL Global Trade Barometer, the study has been developed jointly by DHL and Accenture. India’s trade growth remains the highest among a group of seven economies assessed by a study. The country’s economy will continue to drive growth not just in Asia but on a global scale with its rate of development proving resilient to almost any challenge 45

27 March, 2018 4:24 PM Complete roadmap on 5G will be ready by June: Telecom Secretary

‘Forum to also study related areas such as spectrum policy’ India wants to take a lead position in adopting 5G technology and will prepare the roadmap for it by June, said Telecom Secretary Aruna Sundararajan. “A high-level forum on 5G, which includes global experts, industry experts, IITs, IISc, has already commenced work and done a fair amount of deliberation 41

25 March, 2018 5:06 PM Government calls for public responses to draft Defence policy

30 lakh jobs, ₹1.7 lakh crore turnover, additional investment of ₹70,000 crore With the aim of creating up to 30 lakh jobs and a total turnover ₹1.7 lakh crore in defence goods, the Union government has called for public responses to its draft Defence Production Policy, 2018. The draft, made public on the Defence Ministry website a few days ago, has suggested 42

22 March, 2018 11:57 AM CPEC impact: Growing Chinese influence may be driving Western investors away from Pakistan, say reports

High-ranking Pakistani official acknowledges that there is fear among Western investors that China could be given preferential treatment. The China Pakistan Economic Corridor (CPEC) and China's ever-increasing presence seem to be putting some Western off from making investments in Pakistan, news agency Reuters has reported. A top government official 114

16 March, 2018 3:08 PM India Q3 current account deficit widens to $13.5 bn

Mumbai: Driven by higher imports, India`s current account deficit (CAD) widened to $13.5 billion during the third quarter of 2017-18 from $7.2 billion in the second quarter and $8 billion in the corresponding period in 2016-17, Reserve Bank of India (RBI) data showed on Friday. "India`s CAD at $13.5 billion (2 percent of GDP) in Q3 of 2017-18 increased 43

24 February, 2018 2:05 PM Saudi Aramco mulls stake in Indian refineries

World’s largest oil company Saudi Aramco is looking to buy a stake in existing Indian refineries and expansion projects as well as the planned giant refinery on the west coast, Saudi Arabian Oil Minister Khalid al-Falih said today. The company has signed an agreement to initiate talks for a possible stake in the proposed Rs 1.8 lakh crore refinery in Maharashtra 62

21 February, 2018 5:43 PM FDI Up Marginally By 0.27% In April To December 2017

New Delhi: Foreign direct investment (FDI) in India increased by a marginal 0.27 per cent to $35.94 billion during the April-December period of the current fiscal, according to data released by the Department of Industrial Policy and Promotion (DIPP) on Wednesday. The FDI entering the country during the corresponding of the the last financial year stood 51

20 February, 2018 5:34 AM Walmart's proposed Flipkart investment may include set up of retail chain in India

Walmart's proposed investment in Flipkart could include brick-and-mortar stores. Walmart's proposed investment in Flipkart will include set up of a chain of retail stores in India, according to an Economic Times report citing sources. Walmart is reportedly negotiating a 30 percent stake in the online marketplace, but could get only 20 percent due to objections 56

11 February, 2018 2:41 PM Insurance industry set to touch USD 280 bn by 2020: Vice-Prez

Speaking at the valedictory session of the 4th South Asian Insurance Regulatory Meet and International Insurance Conference here, he said investments made by the insurance companies in various sectors amounted to Rs 30. 76 lakh crore by the end of 2016-17, of which over Rs 2. 40 lakh crore was in the infrastructure sector. Vice President M Venkaiah Naidu 53

24 January, 2018 3:21 AM Reliance Mutual Fund buys 21.50 lakh shares of Varun Beverages

Aion Investments Ii Singapore Pte -FDI sold 40,00,000 shares of Varun Beverages. On January 23, 2018 Aion Investments II Singapore Pte -FDI sold 40,00,000 shares of Varun Beverages at Rs 700.26 on the NSE. However, Reliance Mutual Fund- Growth Fund bought 11,50,149 shares at Rs 700 and Reliance Mutual Fund- Top 200 Fund bought 10,00,000 shares at Rs 700. On Tuesday 32