Economy and Finance

News and views related to the Indian Economy and Financial sector

News Reports

China: Power outages impact production, Evergrande fall out, coal crisis may trigger major economic trouble

OpIndia Staff -
Nomura’s Chief China Economist Ting Lu cut his forecast for Chinese GDP growth this year as factories shut down to comply with carbon emissions reduction targets.
News Reports

While Sugar factories elsewhere were closing down during Covid-19, all factories were kept running in Uttar Pradesh: CM Yogi Adityanath

OpIndia Staff -
Yogi Adityanath said that all sugar factories in UP were running during Covid-19, and closed factories were reopened
News Reports

Singapore’s High Commissioner Simon meets UP CM Yogi Adityanath, hails connectivity and ease of doing business

OpIndia Staff -
Singapore High Commissioner said that they have identified various sectors like religious tourism, logistics and infrastructure where they could invest in Uttar Pradesh.
News Reports

BSE Sensex reaches 60,000 for the first time, surges 134 per cent in the last 18 months

OpIndia Staff -
The last 10,000 point rally, from 50,000 to 60,000-mark, came in just 8 months, the fastest ever since the launch of Sensex in March 1986
News Reports

NDTV share hits 10 per cent upper circuit over rumours of buyout: Here’s what it means

OpIndia Staff -
Speculations are rife that Adani Group is soon going to acquire New Delhi-based NDTV.
News Reports

Banks suffer due to bad loans, then economy suffers as banks lend less – Read how ‘Bad Bank’ will break this vicious cycle

OpIndia Staff -
NARCL is intended to resolve stressed loan assets above ₹500 crore each amounting to about ₹2 lakh crore in total
News Reports

PepsiCo India sets up its largest greenfield food plant in Mathura in Uttar Pradesh, a year after wrapping up business in Kerala

OpIndia Staff -
UP CM Yogi Adityanath inaugurated PepsiCo India's largest greenfield foods plant worth Rs 814 crore in Kosi Kalan in Mathura
News Reports

Ford India shuts shop after a decade of bad business: How it went from accumulated losses of ₹1,764 crore in 2014 to ₹14,802 crore...

OpIndia Staff -
Ford India to shut down its car assembly plants in Sanand and Chennai, after suffering continuous losses for several years
News Reports

Karnataka ranks at the top, attracts almost 50% of the total FDI flow to India in the Apr-June quarter

OpIndia Staff -
Karnataka has attracted Foreign Direct Investments (FDIs) worth Rs 62,085 crore in the first quarter of FY 2022 which is 48% of the total FDI flow to India during this period.
News Reports

Finance Ministry introduces bill to withdraw retrospective tax and refund collected amounts, says the tax is a sore point for investors

OpIndia Staff -
Finance ministry to amend the Income Tax Act, 1961 to remove the provisions of retrospective tax introduced by UPA govt in 2012.
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