Growth | The Asian Age

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The expansion in the mining sector was 5.1 per cent compared to 3.8 per cent in the year-ago month. (Representational Image)

Industrial growth at 6-month high of 3.4 per cent in April

IIP growth mainly on account of improvement in mining and power generation, according to official data.

12 Jun 2019 6:17 PM

G20 leaders had agreed last December to review the WTO reform in Osaka later this month.

G20 finance chiefs to warn of trade risks, differ on how 'pressing'

Global growth appears to be stabilizing and is projected to pick up moderately later this year and into 2020, said G20 communique.

08 Jun 2019 6:04 PM

Nirmala Sitharaman spoke on the on-going efforts of Indian Government to counter tax avoidance & evasion, finance ministry tweeted.

Sitharaman highlights India's efforts to counter tax avoidance, evasion

The meeting of the finance ministers would deliberate on issues protectionism and its implication on global growth, trade.

08 Jun 2019 3:22 PM

Regulatory actions proposed by the RBI to tackle the liquidity problems, and the asset liability mismatches will lead to the dip in loan growth by the companies, the report said.

GDP growth may accelerate to 7.2 per cent in FY20: Report

Goldman Sachs report said it expects an acceleration in GDP to 7.2 per cent.

07 Jun 2019 3:27 PM

The unanimous vote reflects the resolve of the monetary policy committee to act decisively and act in time (to address the growth concerns), Reserve Bank governor Shaktikanta Das said. (Photo: File)

Rising growth concerns prompted third rate cut: Shaktikanta Das

MPC announced a 25 bps rate cut in short term lending rate to 5.75 percent, which is the lowest repo rate in nine years.

06 Jun 2019 3:36 PM

The seasonally adjusted Nikkei India Services Business Activity Index fell to 50.2 in May, from 51.0 in April, pointing to the slowest growth rate in the current 12-month stretch of expansion. (Representational Image)

India's services sector activity growth slips to 12-month low in May: Survey

On the prices front, the survey noted that, firms were also helped by a lack of inflationary pressures in the sector.

05 Jun 2019 11:53 AM

CII President Vikram Kirloskar said the private sector is facing difficulty in getting land for manufacturing units and the states have a huge role to play and there is a need to create land banks. (Photo: File | Youtube screengrab)

India Inc pitches for land and labour reforms to achieve double-digit growth

To target GDP growing up to 10 per cent by 2023-24, the total investment requirement is estimated at USD 5.74 trillion.

03 Jun 2019 6:40 PM

"Employment has risen in each month since April 2018, with the latest expansion the most marked since February," the PMI survey noted. (Representational Image)

India's manufacturing sector growth gains momentum in May: PMI

The upbeat mood among goods producers, coupled with a solid increase in new work, underpinned further job creation in the sector.

03 Jun 2019 11:35 AM

For the consumer companies, the revenue growth declined to 2.3 per cent for March quarter, 2018-19, down from 9.8 per cent in the preceding quarter, the report said. (Representational Image)

India Inc revenue growth in Q4 hits six-quarter low of 10.7 pc

Weakness in the consumer-linked sectors was visible in decline in wholesale dispatches of passenger vehicles, two-wheelers.

27 May 2019 7:13 PM

BJP still does not have a majority in Upper House of Parliament, the Rajya Sabha, and this will pose hurdles to the party's legislative reform agenda, IHS Markit said in a note on election verdict.

PM Modi's big win signals strong Indian GDP growth will continue

The key economic challenge now is to continue reforms, brokerages and economists said on Thursday.

23 May 2019 8:17 PM

TCS will hold its 24th annual general meeting on June 13 in Mumbai. (Photo: ANI)

TCS confident of growth across Latin America, India and other markets

The over USD 20-billion revenue company is also confident of expanding its play in large markets.

19 May 2019 11:43 AM

Shamika Ravi also stressed on the need to improve improve fundamental quality of India's data systems.

'India should aspire for double digit growth': EAC member Shamika Ravi

Ravi also refuted the contention of her EAC-PM colleague Rathin Roy that India could fall into the middle income trap.

18 May 2019 10:05 AM

Jet’s total debt was Rs 5,285 crore, with trade payables of another Rs 6,400 crore at 31 March 2018. (Photo: AFP/File)

Five effects of Jet Airways’s collapse on airline industry

Airport operators and oil marketing companies have lost a big customer with Jet Airways’ collapse.

17 May 2019 2:13 PM

In its monthly economic report for March, the Finance Ministry said monetary policy has attempted to provide a fillip to the growth impulse through cuts in repo rate and easing of bank liquidity. (Representational Image)

Economic growth may have slowed in 2018-19: Finance Ministry

The Ministry, however, said that India continues to remain fastest growing major economy and is projected to grow faster.

03 May 2019 11:17 AM

Ad-supported revenue grew 24 per cent at 126 million euros and the average revenue per user was 4.71 euros in Q1. (Photo: ANI)

Spotify records 217 million monthly active users in Q1, 2019

The music streaming service expanded its global market footprint to 79 countries.

30 Apr 2019 10:46 AM

Indian tourism sector is likely to grow at 6.7 per cent per annum to reach Rs 35 lakh crore.

Rationalise GST rate for hotels to push tourism sector growth: Report

Higher taxes on hotels make the segment less competitive as compared to other Asian peers.

29 Apr 2019 3:28 PM

Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024,' the peripherals market will grow at a CAGR of 10 per cent during 2019-2024. (Photo: ANI)

Global gaming peripherals market to grow 10 per cent by 2024

Factors such as augmented reality, virtual reality, high-definition displays, and so on are expected to contribute to the growth.

28 Apr 2019 11:55 AM

On its earnings call, Twitter executives said multiple times that they are now focussing on growing this stat, rather than the monthly social media usage figure.

Twitter still struggling to grow

With the addition of new accounts this year, Twitter witnessed a small win.

24 Apr 2019 10:30 AM

GRM Overseas Ltd MD Atul Garg said the company would be launching three-four variants of branded basmati rice in a price range of Rs 50-120 per kg.

Basmati rice exporter GRM to enter domestic market; to invest Rs 50 crore

The company sees tremendous growth in domestic market where demand for branded basmati rice is rising, its MD Atul Garg said.

21 Apr 2019 6:03 PM

IndiaMart expects to raise Rs 3,250 crore from the initial public offer (IPO).

IndiaMart expects 29 pc CAGR revenue growth in next 2 yrs

The company posted revenue of Rs 429 crore in 2018-19 and operating profit of Rs 46 crore.

21 Apr 2019 4:45 PM

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Anita Katyal