5h ago| Indian

India’s second-quarter GDP growth slows to 6.3pc on higher prices

India posted an economic growth of 6.3 per cent in its July-September quarter, far slower than the 13.5 per cent growth reported in the previous three months as distortions caused by Covid-19 lockdowns faded in Asia’s third-largest economy.

4d ago| Global Economy

Toyota launches 2nd hybrid car in India

Toyota Motor Corp on Friday launched its second hybrid car in India, a seven-seat people-carrier, as part of a broader strategy to double-down on the sale of electrified vehicles in emerging markets.

1w ago| Global Economy

Indian economy to grow 6.3pc in Q2: RBI

India’s economy is expected to grow between 6.1 per cent and 6.3 per cent in the second quarter of the current financial year based on high frequency indicators and economic prediction models, the Reserve Bank of India (RBI) said in its monthly bulletin.

4w ago| Global Economy

Rupee firms

The Indian rupee advanced on Tuesday as hopes that the US Federal Reserve could slow down the pace of its rate hikes buoyed risk appetite and hurt the dollar.

India extends export curb on sugar

India has extended its restriction on sugar exports by another year until October 31, 2023, to contain prices of the sweetener in its domestic market, according to a notification from the country’s Directorate General of Foreign Trade on Friday.

India’s fuel demand slips to 10-month low in Sep

India’s monthly fuel demand in September was at the lowest since November 2021, government data released on Friday showed.

December 1, 2022
December 1, 2022

India’s second-quarter GDP growth slows to 6.3pc on higher prices

India posted an economic growth of 6.3 per cent in its July-September quarter, far slower than the 13.5 per cent growth reported in the previous three months as distortions caused by Covid-19 lockdowns faded in Asia’s third-largest economy.

November 27, 2022
November 27, 2022

Toyota launches 2nd hybrid car in India

Toyota Motor Corp on Friday launched its second hybrid car in India, a seven-seat people-carrier, as part of a broader strategy to double-down on the sale of electrified vehicles in emerging markets.

November 21, 2022
November 21, 2022

Indian economy to grow 6.3pc in Q2: RBI

India’s economy is expected to grow between 6.1 per cent and 6.3 per cent in the second quarter of the current financial year based on high frequency indicators and economic prediction models, the Reserve Bank of India (RBI) said in its monthly bulletin.

November 20, 2022
November 20, 2022

India power binges on coal, outpaces Asia

India’s coal-fired power output has increased much faster than any other country in the Asia Pacific since Russia’s invasion of Ukraine, underscoring the challenges the world’s third-largest greenhouse gas emitter faces in weaning its economy off of carbon.

November 20, 2022
November 20, 2022

Assam’s delegation in Dhaka to improve trade, connectivity

A 32-member parliamentary delegation of Assam arrived in Bangladesh on a four-day visit yesterday, aimed at improving trade and connectivity between Bangladesh and the north-eastern states of India.

November 20, 2022
November 20, 2022

Indian Ocean Rim summit kicks off in Dhaka today

A two-day international leadership summit will begin today in Dhaka to help strengthen economic cooperation within Indian Ocean Rim Association. 

November 16, 2022
November 16, 2022

India’s retail inflation eases

India’s annual retail inflation eased to a three-month low of 6.77 per cent in October, helped by a slower rise in food prices and a higher base effect, strengthening bets of smaller rate hikes by the country’s central bank at its meeting next month.

November 14, 2022
November 14, 2022

India can buy as much Russian oil as it wants

The United States is happy for India to continue buying as much Russian oil as it wants, including at prices above a G7-imposed price cap mechanism, if it steers clear of Western insurance, finance and maritime services bound by the cap, US Treasury Secretary Janet Yellen said on Friday.

November 11, 2022
November 11, 2022

India weighs steps to cool record wheat prices

Soaring wheat prices in India could prompt price-cooling measures such as the release of state reserves into the open market while axeing the 40 per cent tax on imports, trade and government sources said on Thursday.

November 10, 2022
November 10, 2022

India allows int’l trade settlements in rupee

The Indian government on Wednesday allowed international trade settlements in Indian rupees for export promotion schemes under foreign trade policy.