New Delhi: After years of discussion, India’s official statistical machinery is set to compile an index of service production (ISP), which will complement the existing index of industrial production (IIP) and help improve the assessment of short-term performance of the economy.Besides, the index will be useful for augmenting the list of indicators used for compilation…
Mumbai: Amazon is betting big on its quick commerce business, with plans afoot to take the instant delivery service to 100 cities from three locations now as it plays catch-up with rivals Blinkit, Swiggy Instamart and Zepto, which together hold the bulk of the market share.The development comes a few days after the firm made…
Mumbai: The initial public offer for NSE, the largest stock exchange in India by trading turnover and revenue, got a boost on Monday as the required number of the bourse’s shareholders agreed to part with their holdings for the offer for sale (OFS) to move forward.Monday was the last day for NSE’s existing shareholders to…
Mumbai, Apr 27 (ANI): Chairman of Sun Pharma Management Dilip Shanghvi speaks during a press conference at Worli, in Mumbai on Monday. (ANI Photo) New Delhi: In its boldest move yet, Sun Pharma, India’s largest pharma company, has struck the biggest-ever overseas pharma deal, acquiring US-listed Organon & Co for $11.8 billion (Rs 98,000 crore)…
India-New Zealand FTA: The India-New Zealand trade deal or Free Trade Agreement signed on Monday has been called a ‘once-in-a-generation’ trade pact. For one, it gives Indian exporters duty-free or zero duty access to all exports. The implementation of the trade deal is now contingent on New Zealand Parliament’s approval, and in the case of…
The last meeting between US President Donald Trump and Chinese President Xi Jinping ended on a positive note. Trump had rated the summit a “12 out of 10”, and White House said China would “effectively eliminate” rare earth export controls and stop retaliatory actions against American firms.However, recent developments suggest that Beijing has altered its…
South Korea’s stock markets scaled a historic peak on Monday, as the total valuation of listed companies moved past the 6,000 trillion won ($4.1 trillion) mark for the first time during trading hours. According to figures cited by The Korea Herald, based on data from the Korea Exchange, the combined market capitalisation of domestic bourses…
“Indian equity markets are expected to open on a positive note, tracking firm cues from GIFT Nifty, which is currently trading around 24,140, up by nearly 185 points, indicating a gap-up start for domestic benchmark indices. Notably, GIFT Nifty is trading with gains despite escalating global tensions and stalled US–Iran negotiations, which continue to weigh…
New Delhi: Amid the push for more Vande Bharat and Amrit Bharat trains, the railways has begun work on improving the currently operational Shatabdi Express and Jan Shatabdi Express trains. It has drawn up a plan to enhance comfort, aesthetics, and onboard service quality on these premium trains under a nationwide campaign.In a communication to…
Petrol and diesel prices remained unchanged across major Indian cities on Monday, even as global crude oil markets stayed volatile due to escalating tensions in the Middle East and disruptions in key shipping routes. Petrol prices today In Delhi, petrol continued to be priced at Rs 94.77 per litre. Rates remained higher in other metros,…
