Economy and Finance

News and views related to the Indian Economy and Financial sector

News Reports

Desi cold drink ‘Campa Cola’ to make a comeback, Reliance Industries acquires the brand to relaunch during Diwali

OpIndia Staff -
Reliance Industries purchased the Campa Cola brand from Pure Drinks Group for around Rs 22 crore
News Reports

India’s GDP grows by 13.5% in the first quarter of the financial year 2022-23, fiscal deficit under control

OpIndia Staff -
GDP at constant prices reached ₹ 36.85 lakh crore in the April-July 2022 quarter, showing a growth of 13.5^
News Reports

Make in India: Luggage maker Samsonite to expand its Nashik plant to make India its largest manufacturing base

OpIndia Staff -
Samsonite India is expanding its Nashik plant by adding new machines and assembly lines which will make it the largest plant of the company
News Reports

Rahul Gandhi targets Modi govt over price rise: Here is how data proves his claims are wrong aimed to create inflation hysteria

OpIndia Staff -
Rahul Gandhi claimed that prices of pulses have increased by 20% in last 15 days, which is completely false
News Reports

CAG report flags critical concerns in the gems and jewellery sector, pearl imports are ‘3 to 10 times higher’ than global production

OpIndia Staff -
CAG report suggests India imported pearls 3 to 10 times more than the global production, pointing towards possible money laundering and tax evasions.
News Reports

State-run banks recover Rs 6.4 lakh crore bad loans, and written-off loans since FY15 even as opposition creates confusion between ‘loan waiver’ and ‘loan...

Siddhi Somani -
Provision coverage ratio of the state-run banks has improved to 86. 9% at the end of March 2022 from 46% at the end of March 2015.
News Reports

Maharashtra, Tamil Nadu, Telangana, Andhra, Rajasthan lead in outstanding dues to power companies, PM Modi urges states to clear dues without delay

OpIndia Staff -
States have dues of over Rs 2.40 lakh crore to power generation and distribution companies, PM Modi urged them to pay the amounts
News Reports

Directorate of Revenue Intelligence searches premises of Oppo India, a Chinese subsidiary, finds tax evasion amounting to the tune of Rs 4,389 crore

OpIndia Staff -
DRI conducted searches at the premises of mobile company Oppo India and found evidence of the firm evading customs taxes
News Reports

India’s newest airline Akasa Air gets Air Operator Certificate from DGCA, to start operations later this month

OpIndia Staff -
Akasa Air said that as it has received the certificate from DGCA, it will be able start commercial operations
News Reports

Gautam Adani and his family’s donation of Rs 60,000 crore to be used in the fields of healthcare, education, and skill development

OpIndia Staff -
Gautam Adani said, "This is one the largest transfers made to a foundation in the Indian corporate history. This commitment also honors the birth centenary year of my father Shantilal Adani."
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