June 26th, 2018India’s largest digital wallet company Paytm will now start offering life insurance cover of up to Rs 5 lakh to its offline partners and their staffs. One97 Communications, the parent company of Paytm, said that this effort will help in giving a push towards realizing India’s vision of the digital economy.
Paytm will offer life...
June 18th, 2018The Indian President, Ram Nath Kovind has stated that India is making its best possible efforts to become the world’s third-largest consumer market and an economy of $5 trillion by the year 2025.
At present, the economy of India has been estimated at $2.5 trillion. Before announcing this, the President brought in light the...
June 7th, 2018Global Investment Company Temasek and Singapore's Ascendas-Singbridge are looking forward to investing Rs. 2000 crore in India's industrial real estate and logistics sector.
It is interesting to note that Ascendas-Singbridge has launched an "Ascendas India Logistics Programme" which has Temasek as its principal investor.
Speaking...
April 17th, 2018Indian state-owned insurance and investment company, Life Corporation of India has booked record equity trading profits of Rs. 25,000 crore in 2017-18, much above Rs. 19,000 crores a year ago as informed by sources.
LIC is known to adhere equity assets including mutual funds and shares worth Rs. 5 trillion (until the end of December)...
April 17th, 2018The World Bank has predicted a growth rate of 7.3 percent for India for the current year and 7.5 percent for 2019 and 2020 and has observed that Indian economy has recovered from the effects of demonetization and Goods and Service Tax (GST).
In its South Asia Economic Focus Meet held twice a year, World Bank said,
Growth is expected...
April 15th, 2018Since the times, King Salman Bin Abdulaziz has ascended the oil kingdom's throne, Saudi Arabia has been undergoing major political and economic changes which have brought the possibility to question if the new prince is here to stay for long? He is the first grandchild of the founder King, Abdulaziz Al Saud.
Saudi Arabian Government...
February 12th, 2018In a recent interview, the World Bank Group President Jim Yong Kim compared Bitcoins to a "Ponzi Scheme" that once again triggered questions on the legitimacy of the world's most popular cryptocurrency.
“In terms of using Bitcoin or some of the cryptocurrencies, we are also looking at it, but I’m told the vast majority of...
November 8th, 2017Observing that the recent increase in Indias ease of doing business ranking by the World Bank was long overdue, a top Indian American economist today said the country as a place for business is a lot more attractive than its ranking suggests.
Investors usually go where the environment is the best and not where the World Bank collects...
October 23rd, 2017With the US economy doing well, Indian IT companies can look forward to a better year in 2018 on the back of growing tech spend and demand from clients, according to senior industry figures.
Noting that the largest market for Indian IT companies is the US, former CFO of Infosys V Balakrishnan said their ability to grab growth...
April 27th, 2017Prime Minister Narendra Modi today inaugurated the maiden Shimla-New Delhi flight under a government scheme called UDAN or "Ude Desh Ka Aam Nagrik" to boost regional air connectivity.
The flight is being operated by Alliance Air, a subsidiary of Air India. The airline has deployed its 42-seater ATR plane on this sector.
The prime...
March 6th, 2017The services sector returned to the growth zone in February after three months of demonetisation- driven contraction but recovery was 'mild' and business confidence remained subdued, a monthly survey showed today.
Besides, higher input costs forced companies to hike prices and the rising inflationary pressure may result in the Reserve...
