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Another 29 per cent would maintain the same level of investment in PE and in total 75 per cent of the ultra rich are positive about private equity investment.

PE funds put more money into malls

PE funds' investment into retail real estate grew almost three-fold in 2019 over the previous year.

14 Feb 2020 2:03 AM IST

The 10 mega integrated textile parks will be developed in 1,000 acres of land closer to the ports. This will give plug-and-play facilities, including safeguard measures in the labour laws, textile secretary Ravi Capoor said on Thursday during a meeting of the Confederation Indian Textile Industry (CITI).

Textile industry seeks basic means before mega parks

According to Sanjay Jain, former chairman of CITI, scale of production is a major problem for the Indian textile...

14 Feb 2020 2:01 AM IST

Manufacturing output, which accounts for more than three-fourths of the IIP, fell 1.2 per cent against a growth of 2.7 per cent in November.

Factory output contracts again as inflation spikes

The overall food inflation during January this year stood at 13.63 per cent, slightly lower than 14.19 per cent in the...

13 Feb 2020 6:23 AM IST

According to the ISMA, mills produced 33.16 million tonne of sugar during the 2018-19 marketing year, of which sales were 25.5 million tonne.

India sugar output for 2019-20 unlikely to see big revision: ISMA

The trade body also estimates more than 800,000 tonnes of sugar cane production will be diverted to ethanol in the...

11 Feb 2020 2:00 PM IST

The Apache helicopter takes flight

India readying USD 2.6 billion US naval helicopter deal ahead of Trump...

India's defence purchases from the United States have reached USD 17 billion since 2007.

11 Feb 2020 12:04 PM IST

Currently, the repo operations are of short-term, usually of overnight, wherein banks can borrow money from the RBI at the prevailing repo rate.

RBI publishes draft framework for new payment system

At present, National Payments Corporation of India (NPCI) is an umbrella organisation for retail payments systems.

11 Feb 2020 11:15 AM IST

Global rating agency Fitch on Monday slashed its GDP forecast for India for FY18 saying growth has repeatedly disappointed in recent quarters.

RBI steps to boost credit growth risky: Fitch

The CRR is the percent of its cash deposits a commercial bank must maintain with the RBI.

11 Feb 2020 4:20 AM IST

The government had formulated a draft National Tourism Policy in 2015-16, but is still, hold your breath, seeking cabinet approval.

5 years and tourism policy is still on way to cabinet

The last time the tourism sector had a national level policy was in 2002, nearly two decades ago.

11 Feb 2020 4:12 AM IST

The state-owned firm had earlier said that it will produce 750 million tonnes of coal in the next financial year.

Coal imports rise in November after three months of decline

Coal imports in November rose 8.6 per cent from a year earlier to 21.83 million tonnes.

10 Feb 2020 1:57 PM IST

Indias GDP growth forecast for the current fiscal to 7 per cent from 7.4 per cent.

Govt clocks Rs 40,000 cr in public procurement transactions through...

CPPP is operational since 2012 and hosts the Government eProcurement System.

10 Feb 2020 12:33 PM IST

Passenger vehicles volumes declined 4 per cent year-on-year.

Domestic passenger vehicle sales down 6.2 pc in January

Car sales last month were also down 8.1 per cent at 1,64,793 units as against 1,79,324 units in the January last year.

10 Feb 2020 10:45 AM IST

Indian Tea Association (ITA) chairman Vivek Goenka recently said the industry wont be able to survive at the current price levels as costs of production has increased whereas prices have remained stagnant over the past five years.

Tissue culture gives new hope to tea industry

Price realisation has remained stagnant for the last several years and the industry is also facing an oversupply...

10 Feb 2020 6:06 AM IST