Here are news in brief related to India economy and business for Monday, August 29, 2022: The Narendra Modi government is likely to invite financial bids for the privatisation of BEML (Bharat Earth Movers Limited) in the December quarter, an official said, the Press Trust of India reported. Earlier this…
The Hindi film industry, popularly known as Bollywood, after decades of storytelling that has made people elated and exuberant, or sad and thoughtful at times, seems to be at an inflection point unlike any other disruption it has faced before. SBI Research team led by Group Chief Economic Adviser Soumya…
While there were not many cases of violent expressions of disappointment after Pakistan lost to arch-rivals India in a group match in Asia Cup in Dubai in the United Arab Emirates on Sunday (28), there were people who managed to connect the defeat to politics. One social media user took…
Social media users in India were left shocked on Monday (29) after the youth accused of burning a teenage woman to death for turning down his proposal was seen smiling even as he was handcuffed. The victim, named Ankita Singh, succumbed to her injuries on Sunday (28). The ghastly incident…
New Delhi Television said early Monday (29) that its promoter group has written to India market regulator asking it to clarify whether the regulator's order in 2020 restricts conversion of warrants issued to Vishvapradhan Commercial Pvt Ltd (VCPL) into equity shares. Indian billionaire Gautam Adani's conglomerate last week said it…
Nepal has asked India to halt its recruitment of Gurkhas into the Indian army under a new scheme for shorter military contracts until it was clear what would happen to them when they retired, an aide to the prime minister said on Monday (29). An agreement between London, New Delhi…
The Indian rupee dropped to an all-time low versus the dollar on Monday (29) on bets the Federal Reserve will keep a restrictive stance for longer, prompting the Reserve Bank of India to step in. The rupee closed at 79.9625 per US dollar, down from 79.8650 in the previous session.…
India likely recorded strong double-digit economic growth in the last quarter but economists polled by Reuters expected the pace to more than halve this quarter and slow further toward the end of the year as interest rates rise. Asia's third-largest economy is grappling with persistently high unemployment and inflation, which…
It seems China's significance in the ongoing prime ministerial race in Britain continues to be long. A month after former finance minister Rishi Sunak called Beijing as London's "largest threat", The Times UK has reported that the Asian power will be classified as a "threat" to national security for the…
Indian billionaire Mukesh Ambani on Monday (29) laid bare the succession plan at India's most valuable company, identifying twins children Akash and Isha for telecom and retail leadership, and youngest son Anant for new energy unit. He, however, insisted he isn't retiring yet and will "continue to provide hands-on leadership…