Page-18 of Business

Invest India and Business France sign MoU to promote investment

July 26, 2018

Invest India and Business France have signed Memorandum of Understanding (MoU) to promote investment facilitation and cooperation between startups of India and France. The MoU will facilitate direct foreign investment by providing practical investment information to enterprises. It will also support ..

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India ranks 6th Global Optimism Index

July 26, 2018

India was ranked 6th in the global optimism index with business optimism tepid in second quarter (Q2) of 2018. The index was released as part of Grant Thornton’s International Business Report (IBR), a quarterly global business survey. The report was ..

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India to remain fastest growing major economy till 2019-20: ADB

July 21, 2018

According to Asian Development Bank (ADB), India will continue to be fastest growing major economy, ahead of China, with growth rate of 7.3% in 2018-19 and 7.6% in 2019-20.  The growth projections were supplement to ADB’s Asian Development Outlook (ADO). ..

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Lok Sabha passes Fugitive Economic Offenders Bill, 2018

July 20, 2018

Lok Sabha has passed Fugitive Economic Offenders Bill, 2018 that aims to curb practice of evading criminal prosecution by economic offenders fleeing from country to evade clutches Indian law by remaining outside jurisdiction of Indian courts.. The bill will replace ..

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Economic Partnership Agreement: EU, Japan sign massive free trade deal

July 18, 2018

European Union (EU) and Japan have signed Economic Partnership Agreement (EPA). It was signed at EU-Japan summit in Tokyo by EU Presidents Jean-Claude Juncker and Donald Tusk and Japanese Prime Minister Shinzo Abe. It is biggest ever trade deal negotiated ..

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IMF cuts India's growth forecast for 2018 to 7.3%

July 17, 2018

The International Monetary Fund (IMF) in its latest World Economic Outlook (WEO) update has projected growth rate of 7.3% in 2018 and 7.5% in 2019 for India as against 6.7% in 2017. This makes India, fastest growing country among major ..

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BEL inks MoU with Swedish firm Saab for marketing air-surveillance radar

July 17, 2018

State-owned defence electronics company Bharat Electronics Ltd (BEL) has signed memorandum of understanding (MoU) with Saab for jointly marketing L-Band 3D air surveillance radar (RAWL-03) which is co-developed by the companies. Saab is Swedish aerospace and defence firm that serves ..

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IFFCO iMandi: IFFCO rolls out e-commerce platform for farmers

July 16, 2018

Fertiliser major IFFCO has launched e-commerce platform IFFCO iMandi (an mobile application and web portal) to address all needs of the farming community associated with it. For this initiative, IFFCO has partnered with Singapore-based technology firm iMandi. Through this e-commerce ..

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Index of Industrial Production (IIP): Industry growth slips to 7-month low of 3.2% in May 2018

July 13, 2018

According to the data released by the Central Statistics Office (CSO), factory output measured in terms of the Index of Industrial Production (IIP) has slipped to seven-month low of 3.2% in May 2018. It was mainly due to sluggish performance ..

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India-Korea Technology Exchange Centre established in New Delhi

July 12, 2018

The India-Korea Technology Exchange Centre has been established at the National Small Industries Corporation (NSIC) premises in New Delhi. It was inaugurated by Giriraj Singh (Minister of State (I/C) MSME ) and Hong Jong- hak (Minister of SMEs and Start-ups ..