CAIT vents anger against USIBC for intervening in India's e-commerce

New Delhi (IANS) The Confederation of All India Traders (CAIT) has strongly criticised US-based lobby group USIBC for objecting to an initiative of DPIIT to reframe the Press Note 2 of FDI policy.

"The uncalled-for intervention of USIBC shows…

V-shaped economic recovery due to timely, stringent lockdown

New Delhi (IANS) India's timely and stringent lockdown to curb the spread of Covid-19 pandemic led to the 'V'-shaped economic recovery, said the Economic Survey 2020-21.

The document was tabled by Finance Minister Nirmala Sitharaman…

India's FY21 GDP to contract 7.7%, says Economic Survey

New Delhi (IANS) India's GDP is estimated to contract by 7.7 per cent during the current fiscal, said the Economic Survey 2020-21 on Friday.

The document which was tabled by Finance Minister Nirmala Sitharaman in the Lok Sabha in its debt…

Equity market sheds gains ahead of Economic Survey

Mumbai (IANS) The key Indian equity indices reversed initial gains on Friday, ahead of the presentation of the Economic Survey for FY21, to trade in the red.

At 11.45 a.m., Sensex was trading at 46,836.03, lower by 38.33 points or 0.08 per…

'InvITs, REITs can raise Rs 8 lakh cr capital in medium term'

Mumbai (IANS) Infrastructure investment trusts (InvITs) and real estate investment trusts (REITs) are gaining currency in India, following the footsteps of the developed world. A CRISIL Ratings analysis shows these instruments can potentially raise…

Budget21-22 must set aside threat for India becoming dumping ground for global Al scrap

New Delhi (IANS) India has been caught in a pincer by a torrent of cheap inflow of aluminum and scrap imports majorly from China as well as the United States.

In FY20, there has been a 327 per cent increase in the imports of aluminium scrap…

Sensex down nearly 400 points

Mumbai (IANS) The key Indian equities declined on Wednesday morning with the BSE Sensex losing nearly 400 points, coming down from the 48,000-mark.

Heavy selling was witnessed in banking, finance and oil and gas stocks.

Around 10.25…

TCS' brand value up by $1.4bn, highest in IT services in 2020

Mumbai (IANS) The brand value of Tata Consultancy Services (TCS) grew by $1.4 billion in 2020 over the prior year which is the highest absolute growth among the 25 companies assessed in a pandemic-hit year, a new report said on Tuesday.

TCS…

Recovering Fortunes: Yes Bank sees signs of reaching pre-Covid levels soon

Mumbai (IANS) Private lender Yes Bank has witnessed internal as well as external indicators of fast-paced economic recovery leading to pre-Covid operational levels.

The bank's own financial performance has improved drastically. It has again…

Worldwide IT spending to grow 6.2% in 2021: Gartner

San Francisco (IANS) After a decline in the pandemic-hit 2020, worldwide IT spending is projected to total $3.9 trillion in 2021, an increase of 6.2 per cent from the previous year, according to the latest forecast by Gartner on Monday.

Worldwide…