Economy and Finance

News and views related to the Indian Economy and Financial sector

News Reports

India’s manufacturing sector sees the strongest rate of growth in July in recent months: IHS Markit survey

OpIndia Staff -
Asserting the strongest growth rate, the seasonally adjusted IHS Markit India Manufacturing Purchasing Managers’ Index (PMI) rose from 48.1 in June to 55.3 in July.
Economy and Finance

Adani group shuts logistics park in Punjab due to seven-month blockade by farmer protesters, buys land in UP for data centre

OpIndia Staff -
After both state govt and high court failed to lift the blockade, Adani Logistics Ltd decided to shut the logistics park in Ludhiana, Punjab
News Reports

London court declares fugitive Vijay Mallya bankrupt

OpIndia Staff -
London court declares fugitive Vijay Mallya bankrupt.
News Reports

Enforcement Directorate hands over shares worth ₹792 cr to SBI-led-consortium from assets of Vijay Mallya, Nirav Modi, and Mehul Choksi

OpIndia Staff -
The ED had confiscated the assets of the fugitives Vijay Mallya, Nirav Modi and Mehul Choksi under the stringent Prevention of Money Laundering Act (PMLA).
News Reports

Kitex Garments Ltd stock surges in the last five days after the company announced its exit from Communist-ruled Kerala: Read details

OpIndia Staff -
Kerala-based Kitex Garments Ltd. shares have gained nearly 25% in the last five days after the textile company decided to quit Communist-ruled Kerala
Economy and Finance

Kitex group receives offers from 10 states after it withdrew ₹3500 crore investment in Kerala citing harassment, TN promises subsidies and freebies

OpIndia Staff -
Tamil Nadu has sent a formal invitation to Kitex group to invest the state after it withdrew projects in Kerala citing harassment by officials
News Reports

World’s second-largest kids’ apparel manufacturer Kitex Group withdraws projects worth Rs 3,500 crore in Kerala, alleges witch-hunt by authorities

OpIndia Staff -
World's second-largest kids' apparel manufacturer Kitex Group's MD alleges witch-hunt by Kerala govt, cancels project word Rs 3,500 crore
News Reports

Finance Minister announces relief packages for Covid-affected sectors, chalks out plan to revive tourism sector

OpIndia Staff -
Finance Minister Nirmala Sitharaman has announced a slew of measures to help sectors struggling due to Chinese coronavirus pandemic
News Reports

‘It is our Dharma to help fellow Indians overcome the Covid crisis’: Nita Ambani at Reliance AGM

OpIndia Staff -
Speaking at the AGM, Nita Ambani stated that the Reliance Foundation has set up 116 vaccination centres across 109 cities in India and these platforms are being used for vaccination drives free of cost.
News Reports

Taxes on COVID-19 medicines, oxygen, equipment slashed: Here are the key takeaways from the 44th GST Council Meet

OpIndia Staff -
Finance Minister Nirmala Sitharaman announced tax cuts for COVID-19-related items following 44th GST Council Meet
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