Category archives for: Business

Study shows Qatar unaffected by Saudi-led blockade

A new study shows Qatar’s economy has been largely unaffected by a Saudi-led blockade imposed since August last year. The study which was carried out by the independent London-based research firm Capital Economics said the blockade had only affected the Persian Gulf state’s tourism and real estate sectors. However, its economy had been able to […]

Iran official sees oil, gas deals in 3-4 months

Iran is negotiating around 28 contracts with foreign companies, including from Japan, China, Russia and Europe, a senior official has said. According to Deputy Minister of Petroleum Amir Hossein Zamaninia, the contracts with foreign companies to develop oil and gas fields are likely to be finalized within the next three to four months. He has […]

Fintech platforms to consider for hassle-free borrowing

New Delhi :  Financial technology platforms these days are helping to fill the credit gap in the economy. Different types of digital lending models are processing loan applications based on information such as psychometric analysis, social profiles, credit score, and have gained great traction and faith from borrowers. Here is a list of four popular, […]

ATR hopes US brinkmanship wont’ wreck Iran deal

Franco-Italian planemaker ATR says it hopes to weather the storm from a new deterioration in US relations with Iran, which could affect business with Tehran. The turboprop manufacturer has a deal with flag carrier Iran Air for the delivery of 20 ATR 72-600 passenger planes. ATR delivered eight aircraft in 2017 and plans to deliver a […]

Air India Takes Delivery Of Boeing 777 Aircraft For VVIP Purpose

New Delhi: Air India today took the delivery of its latest Boeing 777-300 ER aircraft, which will be one of the two new planes to be used for VVIP purposes. This aircraft is among the last three Boeing 777 aircraft remaining from an order of 68 Boeing aircraft placed by the national carrier in 2006. […]

India’s GDP to grow by 7.1% in FY19: Ind-Ra

New Delhi,  India Ratings and Research (Ind-Ra) on Thursday predicted that India’s gross domestic product (GDP) will grow at 7.1 per cent in FY19. “Robust consumption demand and tailwinds from low commodity prices have been the key growth drivers over the past few years,” said Sunil Kumar Sinha, Principal Economist and Director Public Finance, Ind-Ra. […]

87% firms believe IoT key to future of their business: Survey

Bengaluru,  While 70 per cent of companies in the Asia-Pacific region believe Internet of Things (IoT) is very important to their current operations, 87 per cent believe IoT will be key to the future of their business, a new survey said on Thursday. Nearly 72 per cent of the respondents said their company has significant […]

Banks stocks shoot up on 100% FDI in private banks reports

Mumbai,  Banking stocks on Thursday zoomed following reports that the government may allow 100 per cent foreign direct investment (FDI) in private sector banks. The S&P BSE banking index surged by 1.64 per cent — almost 500 points higher — with stocks of major private banks in the lead. Around 1.30 p.m., stocks of Yes […]

IDFC Bank announces merger with Capital First

Mumbai, IDFC Bank on Saturday announced its merger with non-banking financial company Capital First. “The Board of Directors of IDFC Bank Ltd… have considered and approved a composite scheme of amalgamation of Capital First Ltd, Capital First Home Finance Ltd and Capital First Securities Ltd…” IDFC Bank informed the BSE in a regulatory filing. The […]

November IIP data confirms sound manufacturing revival: Official

New Delhi, Economic Affairs Secretary Subhash Chandra Garg on Saturday said the robust 8.4 per cent growth of factory production in November “confirms sound manufacturing revival”. “After core sector growth at 6.8 per cent, exports growth exceeding 30 per cent and PMI (Purchasing Manager’s Index) at multi year high of 54.7, IIP (Index of Industrial […]

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