Mumbai airport achieves top ACI rating, among 31 in the world

Mumbai (IANS) The Chhatrapati Shivaji Maharaj International Airport (CSMIA) has achieved the highest-level 4+ Transition of Airport Carbon Accreditation program of the Airport Council International, to join only 31 such airports worldwide, an official…

Shriram Finance to grow its retail fixed deposits by 25%

Chennai (IANS) One of the country's largest non-banking finance company (NBFC) Shriram Finance Ltd plans to grow its fixed deposits from the current Rs 32,000 crore and talks are on to raise long term funds from international markets, said Umesh…

IOCL selects Reliance Jio managed network services for its retail outlets

New Delhi (IANS) Jio has won Indian Oil Corporation Ltd (IOCL) order for providing SD-WAN (Software Defined Wide Area Network) solution that will power IOCL's retail automation and critical business processes, such as payment processing, daily…

India's GDP to grow 7% in FY23: Acuite

Chennai (IANS) Credit rating agency Acuite Ratings and Research forecast India's gross domestic product (GDP) growth at 7 per cent in FY23.

In a report, Acuite said India's annualised GDP growth in Q2 FY23 expectedly, expanded at a…

Ericsson scales up 5G gear production in India, to create 2K jobs

New Delhi (IANS) Telecom networking company Ericsson on Monday announced it is scaling up the production capacity and operations with its partner Jabil in Pune to meet the needs of 5G network deployments in the country.

The production ramp-up…

58% of Indians cut 'Make in China' purchases across products in 2022

New Delhi (IANS) About 58 per cent of Indians have reduced their 'Make in China' purchases due to the current geo-political situation while 26 per cent said they found Indian alternatives to be better in price and quality when it comes to…

No tax increase on any item; GST on biofuel down to 5% from 18%

New Delhi (IANS) No tax increase on any item was decided at the GST Council meeting on Saturday. Meanwhile, the Council recommended reducing GST on biofuel from 18 per cent to 5 per cent.

The GST Council has made the recommendations relating…

IT Ministry extends deadline for feedback on Digital Data Bill to Jan 2

New Delhi (IANS) The Centre on Saturday extended the last date for receipt of feedback and comments on the Digital Personal Data Protection Bill, 2022, till January 2, 2023.

The Ministry of Electronics and Information Technology (MeitY) published…

Only 2% of cryptocurrencies have a 'healthy' liquidity, finds study

New Delhi (IANS) As major crypto exchanges like FTX go bankrupt amid high volatility, almost 90 per cent of cryptocurrencies have a low trading volume, with just 2 per cent of crypto coins having a healthy liquidity, a new study has found.

There…

India's growth expected to slow in 2023-24 on the back of sharp global slowdown

New Delhi (IANS) India's GDP growth is on course to print close to 7 per cent this year in 2022-23, foreign brokerage, JP Morgan said in a report.

While buoyant, it would still leave output about 7 per cent below its pre-pandemic potential…