The SBI report has also cut GDP forecast for FY20 to 5 per cent from 6.1 per cent earlier, but expects growth rate to pick up pace in FY21 to 6.2 per cent

Nandan Nilekani on 'unethical practices' charges: 'Even God can't change Infosys numbers'Infosys Non-executive Chairman Nandan Nilekani has said that Infosys has \"very strong\" processes and that even \"God can't change the numbers of the company\". The statement came after the Infosys Non-executive Chairman, in a statement to the stock exchanges on Wednesday, said that the reports of allegations against the company co-founders were 'mischievous insinuations'. Addressing analysts...

India is somewhat lacking in a programme on G20 data initiative on fiscal transparency where comparative countries have all made greater progress, says IMF Deputy Director Anne-Mary Gulde

The SBI Ecowrap report expect FY20 growth rate to decline below 6 per cent as against a Reserve Bank of India projection of 6.1 per cent

Previewing some key aspects of the IMF research, Gulde-Wolf noted that based on demographic trends, more than 150 million people in the region are expected to enter the labour market by 2030

As per the World Gold Council's data, India has 618.2 tonnes of gold as holdings, which is 6.9 per cent of the share held in gold in total foreign reserves

For the week under review, foreign currency assets, which are the biggest part of the reserves, increased by USD 1.642 billion to USD 410.453 billion, as per the data.

The aviation sector is facing strong headwinds due to economic slowdown and spike in costs

Unlike many other developed countries where they are facing challenges on account of demographics, India does not have that kind of challenge at least for the time being, said SBI Chairman Rajnish Kumar

US securities exchange to probe whistleblower complaints against Infosys; NASA fails to trace Vikram lander; Samsung updates software to fix fingerprint recognition problem of Galaxy S10, Note 10 and more news on News Blast.

Fitch said the recent government measures to boost economy including a cut in corporate tax rates will gradually nudge growth

India moves up 14 spots to 63 on World Bank's ease of doing business rankingIndia jumped 14 places to the 63rd position on the World Bank's ease of doing business ranking released on Thursday, riding high on the government's flagship 'Make in India' scheme and other reforms attracting foreign investment. The country also figured among the the top 10 performers on the list for the third time in a row. The rankings come at a time when the Reserve Bank of India (RBI), World Bank, Int...

India was ranked 142nd among 190 nations when Prime Minister Narendra Modi took office in 2014; four years of reform pushed up India's rank to 100th in World Bank's 'Doing Business' 2018 report

India's success in the service sector has been especially remarkable as its share of the world's information and communication technologies service exports almost tripled in a decade, from 6.3 per cent in 2000 to 17.8 per cent in 2010, said IMF