Business News

China’s economy grew 3 per cent last year, not even half 2021's rate
business

China’s economy grew 3 per cent last year, not even half 2021's rate

China’s economic growth fell to 3 per cent last year under pressure from antivirus controls and a real estate slump but is gradually reviving after restrictions that kept millions of people at home were lifted.

India surpasses Japan to become third-largest auto market globally, sells 4.25 million new vehicles
business

India surpasses Japan to become third-largest auto market globally, sells 4.25 million new vehicles

A report by SIAM said India's sales volume is expected to increase further with the inclusion of pending fourth-quarter sales figures for commercial vehicles, along with year-end results which are to be released by Tata Motors and other automakers

Goldman Sachs to cut about 3,200 jobs this week: Report
business

Goldman Sachs to cut about 3,200 jobs this week: Report

The uncertain outlook for markets and the economy, fears of persistent inflation, an expensive consumer banking foray and slowdown in various business lines has prompted Goldman Sachs to undertake this move.

In United States, hiring remains brisk as employers add 223,000 jobs
world

In United States, hiring remains brisk as employers add 223,000 jobs

For now, at least, the job market is showing surprising resilience in the face of higher interest rates across the economy. Employers added 4.6 million jobs in 2022, on top of 6.7 million in 2021. All that hiring was part of a powerful rebound from the pandemic recession of 2020

Union Budget 2023: All you must know about Economic Survey of India
business

Union Budget 2023: All you must know about Economic Survey of India

The Economic Survey also outlines the economy's medium- and short-term prospects. In simpler words, it tells the economic condition of the nation.

Check some interesting facts about India's Union Budget
business

Check some interesting facts about India's Union Budget

Know about some interesting facts regarding the Union Budget of India

5G rollouts on in select pockets but backhaul infra to cost Rs 3 lakh cr over 4-5 yrs: ICRA
business

5G rollouts on in select pockets but backhaul infra to cost Rs 3 lakh cr over 4-5 yrs: ICRA

ICRA noted consistent "healthy improvement" in operating metrics of telcos but added that debt levels continue to remain high and seen at around Rs 6.3 lakh crore as on March 31, 2023

Flybe cancels all flights after filing for bankruptcy the second time
business

Flybe cancels all flights after filing for bankruptcy the second time

An Interpath spokesperson confirmed that 45 out of Flybe’s 321 employees had been retained for the time being.

Gucci appoints Sabato De Sarno as creative director; all you need to know
business

Gucci appoints Sabato De Sarno as creative director; all you need to know

Sabato De Sarno is going to present his debut Gucci runway collection at Milan Women’s Fashion Week in September

Walmart launches sleek new store designs to attract more footfall
business

Walmart launches sleek new store designs to attract more footfall

According to CFO of Walmart, John David Rainey, 75 percent of Walmart's market share gains in food have come from households that earn more than $100,000 annually

Gold price today: 10 grams of 24-carat stands at Rs 57,440; silver at Rs 72,200 per kilo
business

Gold price today: 10 grams of 24-carat stands at Rs 57,440; silver at Rs 72,200 per kilo

According to the Good Returns website, 10 grams of 22-carat gold in Kolkata and Mumbai is being traded at Rs 52,650

Budget 2023: Halwa ceremony, paperless budget and more: How these traditions evolved
business

Budget 2023: Halwa ceremony, paperless budget and more: How these traditions evolved

Halwa ceremony is observed by the Ministry of Finance ahead of the Budget’s presentation every year. This year, the Halwa ceremony was attended by Sitharaman at the Finance Ministry headquarters on 26 January

Budget 2023 Expectations: Provide tax exemptions, ease in compliance burden to startups, SMEs
business

Budget 2023 Expectations: Provide tax exemptions, ease in compliance burden to startups, SMEs

There is a need for simpler and enabling policy curation given the diverse business models that are emerging

Budget 2023 Expectations: Education sector seeks increased funding for infra development, training
business

Budget 2023 Expectations: Education sector seeks increased funding for infra development, training

Access to Atal Tinkering Labs will give young students guidance and resources to become entrepreneurs

Budget 2023: Four key areas that need direct attention to boost MSME's growth
business

Budget 2023: Four key areas that need direct attention to boost MSME's growth

Govt must continue to promote innovation and digital technology to support growth of new-age companies

Budget 2023: Tax exemptions, subsidies, and other financial support needed to support crypto sector
business

Budget 2023: Tax exemptions, subsidies, and other financial support needed to support crypto sector

Launch more accelerator programs in partnership with leading companies, introduce web3 tech in educational institutes

Budget 2023: Improve quality of education, provide more equitable access to learning opportunities for all students
business

Budget 2023: Improve quality of education, provide more equitable access to learning opportunities for all students

Remove GST on the supply of goods for digital education, and services used for teaching and learning applications

Budget 2023: Lower costs of logistics sector by implementing National Logistics Policy launched in 2022
business

Budget 2023: Lower costs of logistics sector by implementing National Logistics Policy launched in 2022

For the scale of work that the country is undertaking, public-private partnerships (PPP) can be a win-win model

Budget 2023: FM Nirmala Sitharaman must classify cryptocurrencies as asset class rather than speculative instruments
business

Budget 2023: FM Nirmala Sitharaman must classify cryptocurrencies as asset class rather than speculative instruments

Regulations and taxation designed to foster growth can help promote cryptocurrency industry's potential