- Friday, April 25, 2025
By: Shubham Ghosh
Here are news in brief related to Indian economy and business for Thursday, April 20, 2023:
UK-based food and organic coffee chain Pret A Manger will on Friday launch its first shop in India in Maker Maxity, Mumbai. The firm last year announced its partnership with Reliance Brands Ltd (RBL), ANI reported. It will be the first of many shops to open later this year. The inaugural Mumbai shop is a recreation of Pret’s iconic London shops with a large dining space spread across 2,567 sq ft, a joint release by RBL and Pret A Manger said. The release said fresh food and organic coffee lovers in Mumbai can drop by to dine-in with their family and friends or grab a quick takeaway.
India’s economy will slow considerably in the current fiscal as the global economic slowdown hinders domestic growth prospects, a Reuters poll, which showed inflation will remain high despite recent interest rate hikes, has shown. It also said that while the expected expansion would be faster than other major economies, it will be below the long-term average. The third-largest Asian economy’s growth was expected to slow to six per cent in the fiscal year ending March 2024, unchanged from a March survey, after likely growing 6.9 per cent last fiscal year, an April 10-19 Reuters poll of 45 economists said.
Signifying that India and the European Union have raised their cooperation in the field of aviation, Vikram Dev Dutt, chief of India’s civil aviation regulator Directorate General of Civil Aviation on Thursday inked a letter of intent with EU Aviation Safety and Airports Authority of India signed a declaration of intent with Eurocontrol for closer cooperation on the first day of the India-EU Aviation Summit in New Delhi on Thursday, Times of India reported.
Atal Innovation Mission (AIM), NITI Aayog, and the United Nations Capital Development Fund (UNCDF) on Thursday jointly launched a whitepaper aimed at making India a global leader in agritech innovation and expanding these innovations to the least developed countries in Asia and Africa, ANI reported. The white paper, meticulously prepared by experts from AIM, NITI Aayog, and UNCDF, offers actionable steps to overcome challenges faced by Agri-Tech start-ups and facilitate their growth at national and international levels, according to a statement from NITI Aayog.
Indian conglomerate ITC Ltd has become the 11th listed Indian company to go past Rs 5 trillion (£48.9 billion) market capitalisation after its shares touched a record high with a 21 per cent surge this year, Moneycontrol reported. The stock hit a record high of Rs 402.60 (£3.94) on BSE while its market cap stood at Rs 5.01 trillion (£49 billion). Reliance Industries Ltd, Tata Consultancy Services Ltd, HDFC Ltd, Infosys Ltd, ICICI Bank Ltd, Hindustan Unilever Ltd, Life Insurance Corp Of India, State Bank of India, HDFC Ltd and Bharti Airtel Ltd have achieved the feat before.
Hospital chain Narayana Health is dedicated to patient-centric care and digital tools such as a mobile app that allows doctors to monitor their patients in real time and collaborate with their care team are an integral part of this commitment, says Group chief financial officer Sandhya J, PTI reported. With Narayana Health’s patient platform, patients can also take control of their financial transactions and access their clinical records anytime and anywhere, Sandhya told PTI in an interview.
