Business

Amazons’ progress in India energising, says Bezos

Amazons’ progress in India energising, says Bezos

The company is investing significant money in marketing and promotions as it looks to bring more consumers to its online shopping platform. Amazon Founder and CEO Jeff Bezos on Wednesday said that the progress seen in the company’s India business within five years of operations is “energising“. In a letter …

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M.K. Jain is Deputy Governor of RBI

M.K. Jain is Deputy Governor of RBI

IDBI Bank chief was earlier head of Indian Bank, whose metrics attracted praise The government on Monday appointed IDBI Bank MD and CEO, M.K. Jain, as Deputy Governor of the Reserve Bank of India in place of S.S. Mundra, who had completed his three-year term in July. Mahesh Kumar Jain …

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Petrol price cut by 13 paise per litre

Petrol price cut by 13 paise per litre

Diesel becomes cheaper by 9 paise per litre Public sector oil manufacturing companies on Tuesday slashed petrol and diesel prices by 13 paise per litre and 9 paise per litre, respectively. A litre of petrol in New Delhi costs Rs. 77.83, while diesel is priced at Rs. 68.88. Prices vary from State to State …

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AAI to embark on study to assess capacity at 48 airports

AAI to embark on study to assess capacity at 48 airports

Move part of strategic plan to cope with 636 million footfalls forecast for 2026-27 With the rise in demand for air travel in the country expected to choke several key airports over the next few years, the Airports Authority of India (AAI) is set to embark on a study to …

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A laid-back town gets a taste of big-league cricket

A laid-back town gets a taste of big-league cricket

A venue that has never witnessed a First Class match stages an international game “The number of two-wheelers and four-wheelers put together would be as much as the population of Dehradun”. That’s one of the popular jokes on the streets of the laid-back town. On Sunday, with the venue that’s …

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What’s driving the GDP revival

What’s driving the GDP revival

Manufacturing, services and investments are looking up, but the government’s hand clearly stands out Economy watchers who were wallowing in gloom due to soaring oil prices, the wilting rupee and skittish foreign investors have been given some reason for optimism by the Central Statistics Office (CSO). The CSO’s provisional GDP estimates for …

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Bullish on commercial vehicle segment till 2020: Srivats Ram

Bullish on commercial vehicle segment till 2020: Srivats Ram

Demand has gone up in auto sector, says Wheels India MD Good times are back for them. And, they are relishing it. Why not? After all, the industries they are in are doing well. Srivats Ram, MD, Wheels India Ltd., shares his perspective of the business environment at the moment. Excerpts: …

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FPI outflows hit 18-month high

FPI outflows hit 18-month high

Overseas portfolio investors pull out ₹29,714 cr. in May, most since Nov. 2016 Foreign investors pulled out ₹29,714 crore from the capital markets in May, making it the biggest outflow in 18 months, primarily due to a surge in global crude prices. This comes following an outflow of ₹15,561 crore …

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India, China aviation officials discuss increasing air connectivity

India, China aviation officials discuss increasing air connectivity

At present, five Chinese carriers together operate 42 weekly services to three Indian cities – Delhi, Mumbai and Kolkata – from five cities in China. Amid growing interest of Chinese airlines to increase flight services to India, the aviation authorities of the two countries met in New Delhi after a …

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