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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.