Author: Economic Times of India Online News

Steep fuel prices in Pune trigger rush to sell high-end bikes, cars in past 2 months

“Most people owning high-end bikes now want to go for simple two-wheelers or e-bikes.” PUNE: Koregaon Park resident Kailash Chitre had bought a 350cc high-end bike for Rs 1.45lakh in 2019. He is desperate to sell it off now. “I cannot sustain it anymore. With the cost of petrol on a high, a mileage of… Continue reading Steep fuel prices in Pune trigger rush to sell high-end bikes, cars in past 2 months

Capital investment to pick up in old economy; decent growth expected in FY23: Jayanth R Varma

Varma said most sectors of the economy are now able to function with minimal risk to employees and customers. Eminent economist Jayanth R Varma on Sunday expressed hope that in a few quarters from now, capital investment would begin to pick up even in the old economy, and said the next fiscal year is also… Continue reading Capital investment to pick up in old economy; decent growth expected in FY23: Jayanth R Varma

Gadkari promises US-like roads, announces investment of Rs 5 lakh crore on road projects in UP

Union Transport Minister Nitin Gadkari on Saturday said that the Centre would invest Rs 5 lakh crore on road projects in Uttar Pradesh in the next five years if the BJP retains power in the state in the upcoming Assembly polls. Speaking during the laying of the foundation stone of bypass road at Jagadishpur, Babuganj,… Continue reading Gadkari promises US-like roads, announces investment of Rs 5 lakh crore on road projects in UP

World economy to top $100 trillion in 2022 for first time: report

British consultancy Cebr predicted China will become the world’s top economy in dollar terms in 2030, two years later than forecast in last year’s World Economic League Table report. LONDON: The world’s economic output will exceed $100 trillion for the first time next year and it will take China a little longer than previously thought… Continue reading World economy to top $100 trillion in 2022 for first time: report

India-South Africa ties grow stronger in 2021 despite COVID crisis

South Africa and India ramped up their political and trade ties in 2021 and the coronavirus crisis presented an opportunity to the two countries to extend cooperation in fighting the deadly pandemic. South Africa, like most of the rest of the world, started and ended 2021 with serious COVID-19 issues, with the pandemic looking set… Continue reading India-South Africa ties grow stronger in 2021 despite COVID crisis

Open Hybrid Cloud, AI winning mantras for Indian firms in 2022

AI will play a key role in helping businesses achieve sustainability benchmarks through greater measurement, data collection, and carbon accounting, as well as improved predictiveness and greater supply chain resiliency. P Digital Transformation, particularly post-pandemic, is pervasive and fast accelerating. It is a business imperative for maintaining competitive parity in today’s digital economy. As an… Continue reading Open Hybrid Cloud, AI winning mantras for Indian firms in 2022

Rupee could depreciate up to 3% in 2022: Fitch

In the long term, it expects the Indian currency to remain weak–it may average INR 78 in 2023. However, any depreciation will be gradual given strong economic fundamentals, it added. In the current year, the rupee has averaged around INR 73.90. New Delhi: Fitch Solutions on Friday revised its forecast for the Indian rupee to… Continue reading Rupee could depreciate up to 3% in 2022: Fitch

Boosted by localisation, Indian electronics mfg sector to touch INR 7 lakh crore next fiscal

Immediate challenges are those around electronic components, mainly electronic chips, and potential threats from the pandemic. New Delhi: Buoyed by the government’s INR 2.3 lakh crore policy push for self-reliant India, the domestic electronics manufacturing industry is expected to see 30% growth in the next fiscal to be worth nearly INR 7 lakh crore. While… Continue reading Boosted by localisation, Indian electronics mfg sector to touch INR 7 lakh crore next fiscal

Delhi High Court asks city government to enable BS-III diesel vehicle owners to apply for no entry permit online

“Admittedly, permits are being issued for the identical size and shape of vehicles which are owned by the petitioners, the only distinction being that vehicles of the petitioners are BS-III compliant and permits are being issued only for BS-IV and above complaint diesel vehicles. The Delhi High Court has directed the city government to include… Continue reading Delhi High Court asks city government to enable BS-III diesel vehicle owners to apply for no entry permit online