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Economy

Banks have reached peak of NPAs: Jaitley

New Delhi, May 16 (IANS) Finance Minister Arun Jaitley on Monday said the banks have reached the peak of non-performing assets (NPAs) and now the “tapering process” is likely. “Once the sectoral balance sheet of banks improves, this will start tapering down. The peaks of NPAs have been reached,” Jaitley said in a media event at Full Article

India’s factory output growth flat, retail inflation up

New Delhi, May 12 (IANS) India’s factory output growth turned flat in March after rising during the month before, even as the annual retail inflation for April rose to 5.39 ...Full Article

Etihad Airways launches Airbus A380 in Bollywood style

Mumbai, May 5 (IANS) United Arab Emirates (UAE) flag carrier Etihad Airways’ official Airbus A380 made its debut in India with a dash of Bollywood and its revelry. The airbus ...Full Article

Disappointing Q4 results, profit booking dent equity markets

Mumbai, May 4 (IANS) The Indian equity markets declined for the third consecutive session on Wednesday, led by disappointing quarterly results and negative global cues. Other factors such as lower ...Full Article

Government makes a u-turn on EPF, agrees to 8.8 percent interest rate

New Delhi, April 29 (IANS) In a major climbdown after persistent pressure from the trade unions and political parties, the government on Friday increased interest rate on employees provident fund ...Full Article

India can gain from China’s waning grip on apparel world: World Bank

New Delhi, April 28 (IANS) With China losing sheen as the global leader in the apparel market, India needs to take specific steps like lowering input duties and extending market ...Full Article

India’s real challenge is to grow at 9-10 percent: Niti Aayog CEO

New Delhi, April 22 (IANS) India has been the fastest growing economy but the real challenge that lies ahead is to achieve 9-10 percent growth rate, NITI Aayog CEO Amitabh ...Full Article

India No.1 for Global In-house Centres: Nasscom

Hyderabad, April 21 (IANS) India is the number one location for setting up Global In-house Centres (GIC), owing to value proposition extending beyond cost and efficiency to innovation and digital ...Full Article

‘Electronics industry to grow to $112-130 billion by 2018′

New Delhi, April 7 (IANS) The Indian electronics and hardware industry is expected to grow at a compound annual growth rate (CAGR) of 13-16 percent to reach $112-130 billion by ...Full Article

Renewable energy challenge to fossil fuel in power sector: Moody’s

New Delhi, April 6 (IANS) Growth in the renewable energy capacity in India’s power sector will challenge fossil fuel operators in the future, leading global ratings agency Moody’s said on ...Full Article