Indian News

Avoid tea, coffee and alcohol, stay indoors: Govt issues advisory as India sizzles under heatwave

Health       Jun 05, 2019

New Delhi: Wear loose, light-coloured cotton clothes, stay indoors and avoid drinking alcohol, tea and coffee, the government said on Monday in a health advisory issued in view of the ongoing spell of heatwave in parts of the country.   "Heatwave can cause adverse effects on...

Fastest growing economy? India to grow at 7.5% in FY20, says World Bank

Eco/Invest/Demography       Jun 05, 2019

New York: As Finance Minister Nirmala Sitharaman prepares her budget, the World Bank reports Indias economy grew by 7.2 per cent in 2018-19 in contrast to the recent Indian Central Statistical Office (CSO) estimate of only 6.8 per cent growth during the period.   The Bank's...

India to become 5th largest economy globally this year; 2nd in APAC region by 2025

Eco/Invest/Demography       Jun 04, 2019

New Delhi: India is forecast to overtake the UK to become the world's fifth largest economy this year and projected to surpass Japan to feature at the second position in the Asia-Pacific region by 2025, IHS Markit said.   In a report on Prime Minister Narendra...

India's May gold imports jump 49% on festive demand: Government source

Eco/Invest/Demography, Wealth Management       Jun 04, 2019

  New Delhi: India's gold imports in May jumped 49% from a year earlier to 116 tonnes as a correction in local prices during a key festival boosted retail demand, a government source said on June 4.   Higher gold imports by India, the world's second-biggest consumer...

Consolidation wave reduces telecom operators to five from 15 in 2012: Report

Eco/Invest/Demography       Jun 04, 2019

  Mumbai: The telecom industry's move towards oliogopoly will potentially impact telecom tower companies through factors like tenancy losses, a report said Tuesday. The number of telecom operators has now reduced to about five from a peak of 15 in 2012, the report by domestic rating...

Dell, Jeep, LIC most-trusted brands in India: Report

Eco/Invest/Demography, Life       Jun 04, 2019

  New Delhi: Laptop brand Dell has emerged as the most-trusted brand in the country followed by automobile firm Jeep and insurance behemoth LIC, the only Indian company to feature in the top-seven brands, according to a report.   E-commerce giant Amazon and Apple iPhone secured fourth...

Manipal Group to up stake in Cigna TTK to 51%

Health, Non-Life       Jun 04, 2019

  Bengaluru: Manipal Group will raise its shareholding in joint venture Cigna TTK Health Insurance to 51 per cent by buying the stake of TTK Group, a joint statement said on Tuesday.   The Cigna Corporation of the US will continue to hold 49 per cent stake,...

Nipah virus resurfaces in India's Kerala after killing 17 last year

Eco/Invest/Demography, Health       Jun 04, 2019

  NEW DELHI: The deadly brain-damaging Nipah virus has resurfaced in the southern Indian state of Kerala a year after it killed 17 people, state officials said on Tuesday. A 23-year-old student tested positive for the virus, which is transmitted to humans through direct contact with...

Investor wealth rises by Rs 1.76 lakh cr as indices reach record highs

Eco/Invest/Demography, Wealth Management       Jun 03, 2019

Mumbai: Driven by a robust show by benchmark indices, investor wealth June 3 rose by Rs 1.76 lakh crore as the BSE Sensex rallied 553 points to close at an all-time high level. The BSE 30-share index zoomed 553.42 points or 1.39 per cent to...