Economy

Saudi Arabia is to invest over US$100 billion in India’s energy, refining, petrochemicals, infrastructure, agriculture, minerals and mining, manufacturing, education and health sectors.

Defence Minister Nirmala Sitharaman said Aero India 2019 intended and endeavoured to put India on the Global map and intended metaphorically to be a “Runway to a billion opportunities”.

Global market research company Euromonitor International says Indian consumers have the power to spend on what matters to them.

Commerce and Industry Minister, Suresh Prabhu, has cleared a proposal aiming at simplifying the process of exemptions for Start-ups under Section 56 (2) (viib) of Income Tax Act.

The recent interim budget announced fresh sops for the Indian real estate sector, which, on closer scrutiny, did not really send clear revival signals to the market at all.

While India’s exports to US and China grew by over 11% and 35% in Apr-Dec 2018, the contraction in global imports will affect exports performance, says Ganesh Kumar Gupta, President of the Federation of Indian Export Organizations (FIEO).

India will become the world's largest energy growth market by mid-2020s, accounting for over a quarter of incremental global demand, BP said in its annual energy outlook 2019.

Larsen & Toubro Infotech Ltd has signed a definitive agreement to acquire NIELSEN+PARTNER (N+P), an independent Temenos WealthSuite specialist, headquartered in Hamburg.

Chief executives of Indian-US businesses have made recommendations on a wide range of industries and have expressed commitment to work together for benefit of commerce and industry in both the countries.

The Cabinet has approved on 13 Feb 2019 the Credit Linked Capital Subsidy and Technology Up-gradation Scheme (CLCS-TUS) with a total outlay of Rs.2,900 crore for the Micro, Small and Medium Enterprises (MSMEs).