Economy

The intra-BIMSTEC trade has the potential to grow to US$240 billion from the current estimated US$40 billion once a Free Trade Agreement is implemented, M. Shahidul Islam, Secretary-General of the seven-member country group, citing estimates by think-tank groups.

The Prime Minister, Narendra Modi, has inaugurated the Pakyong Airport in Sikkim, the first in the Himalayan State, and the 100th airport in the country.

It’s not exactly raining investments in the Indian real estate sector right now, but the increasing number of large-size investments give a ray of hope, writes Anuj Puri, Chairman – ANAROCK Property Consultants.

A High-Level Committee of the Uttar Pradesh government has come out with recommendations aimed at providing solution to the completion of homes in the stalled projects of Noida, Greater Noida and Yamuna Expressway.

Fitch Ratings has revised upward India's economic growth forecast for the current fiscal year to 7.8%, from 7.4% projected earlier but with a cautious note on rising oil prices, weak banks and tightening financial conditions.

The Initial Public Offering (IPO) of CPSE IRCON International has been subscribed 9.5 times for the 10.5% stake the government is selling and raise Rs.466 crore.

DeMo, RERA and GST struck at the very heart of the previously unregulated practices prevalent in the Indian real estate. RERA, in particular, has been responsible for smaller and often unscrupulous developers taking a major hit not only in terms...

Commerce & Industry Minister Suresh Prabhu has highlighted the potential of Indian growth story to a five-member delegation from the Australia Superfunds.

The Indian government has taken a much-awaited decision to merge scam- and non-performing asset-hit pubic sector banks, which would be a trend, financial and banking sector observers hope.

Local retailer Future Group is investing between Rs.500 crore and Rs800 crore to create a nationwide food supply chain network of refrigerated trucks at d temperature-controlled distribution centres (DCs) to compete with international players in the Indian market.