business news india

Prime Minister Narendra Modi on Tuesday said India will soon become a $5 trillion economy and is poised to become the growth engine of the world in the coming years. Photograph: ANI/Twitter Speaking at the BRICS Business Forum Leaders'…

India's foreign exchange reserves jumped $708 million to $602.16 billion for the week ended August 11, the Reserve Bank of India (RBI) said on Friday. Photograph: Dado Ruvic/Reuters Archives This is the first increase in the kitty after…

'If through growth and serving the customer we become number one, we will be very happy and very proud.' Anup Bagchi, who took charge as managing director and chief executive officer of ICICI Prudential Life Insurance in June, says one…

The government on Friday announced it will release onion from its buffer stock in the targeted regions with immediate effect to ensure prices remain under check till the new crop arrives from October onward. Photograph: Amit Dave/Reuters…

Citing the sharp rise in food prices, economists at a foreign bank have forecast a steeply higher retail inflation print for July, pegging it at 6.7 per cent, up 190 basis points from the previous month. Deutsche Bank India economists led…

Capital markets regulator Sebi has kept in 'abeyance' the proposed initial share sale of securities depository NSDL. Photograph: Shailesh Andrade/Reuters However, the Securities and Exchange Board of India (Sebi) did not clarify further.…

Output of eight key infrastructure sectors expanded at a five-month rate of 8.2 per cent in June on healthy performance by sectors such as natural gas and steel, according to the official data released on Monday. Photograph: Amit…

L&T will give Rs 6 per share special dividend to shareholders for the six decades that company patriarch A M Naik served with the engineering and construction major, S N Subrahmanyan, the CEO & MD of the infrastructure major said.…

Taiwan's Foxconn signed a letter of intent (LoI) with the Tamil Nadu government on Monday to establish a new mobile component manufacturing facility for Rs 1,600 crore in Kancheepuram with potential to generate 6,000 jobs. Photograph:…

Korean electronics major Samsung expects its new foldable devices Galaxy Fold 5 and Galaxy Flip 5 will enable it to capture half of the super premium smartphone segment in India, currently dominated by iPhone maker Apple. Super premium…