Govt begins daily monitoring of revenue receipts, expenses from March 1 to check fiscal deficit in 2022-23

New Delhi (IANS) From March 1 onwards, the finance ministry has begun monitoring of revenue receipts like tax collections and even expenses, to control fiscal deficit in the current fiscal.

"In order to keep a close track of receipts, expenditure…

India's macro stability indicators to improve in FY24: Morgan Stanley

Chennai (IANS) India's macroeconomic stability indicators will gradually improve in FY24 owing to a combination of factors, Morgan Stanley said in a report.

According to Morgan Stanley, the macro stability indicators will gradually improve…

India's forex reserves fall to 3 month low of $560.94 billion

New Delhi (IANS) India's forex reserves fell to a three-month low of $560.94 billion during the week ending February 24.

According to RBI's weekly forex data released on Friday, this was the fourth straight week when the country's…

Softbank offloads 3.8% stake in Delhivery for Rs 954 cr

New Delhi (IANS) Japanese investment giant Softbank has offloaded 3.8 per cent of its stake in fully-integrated logistics service provider Delhivery for Rs 954 crore.

The Japanese fund, going through a bad patch, had invested around $380 million…

Air India resumes Delhi-Copenhagen flight after 3 yrs

New Delhi (IANS) With a view to strengthen its footprint in Europe, Air India has resumed its non-stop service on the Delhi-Copenhagen-Delhi sector after three years.

This service will further strengthen Air India's foothold in Europe,…

Zoomcar partners Vistara to offer self-drive services to customers

New Delhi(IANS) Car-sharing platform Zoomcar on Wednesday announced its partnership with Vistara, a joint venture of Tata group and Singapore Airlines, to become its self-drive partner.

Customers can now avail a wide choice of self-drive cars…

Moody's raises India's economic growth projections

Chennai (IANS) Global credit rating agency Moody's Investors Service on Wednesday raised India's economic growth projections as well as several economies like the US, Russia, Euro area, China and others.

In all cases, strong data in…

'Higher passenger traffic, free pricing, lower costs make tailwind for Indian airlines profitability next fiscal'

Chennai (IANS) Increased passenger traffic, free pricing and easing of cost pressures make the tailwind for the Indian airlines flying towards profitability next fiscal, said credit rating agency CRISIL Ratings in a sectoral report.

"India's…

Indian firms investing more in content creation, workflow improvements: Report

New Delhi (IANS) Leading Indian brands have prioritised investments in the speed, scale and efficiency of their content creation capabilities and workflows to build stronger customer relationships and succeed in 2023, a new report revealed on Tuesday.

Reliance Jio to bring 5G to every Indian by Dec 2023: Akash Ambani

New Delhi (IANS) Reliance Jio has launched True 5G service in 277 cities across the country and is on the path to achieve the declared goal to increase the Jio 5G footprint to cover every town, taluka and tehsil across the country by December this…