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India's GDP to grow at 7.1% in 2018-19: India Ratings

New Delhi, Jan 19 (ANI): The Indian economy is expected to achieve 7.1 percent growth rate in the next fiscal, according to credit-rating body India Ratings. The agency claimed improvement in GDP growth from the current 6.5 percent to 7.1 percent will be steered by robust consumer demand and low commodity prices. The agency, in its outlook for 2018-19, said there will be a gradual pickup in growth momentum, owing to structural reforms like the Goods and Services Tax (GST) and the Insolvency and Bankruptcy Code, 2016. Earlier in the month, the growth in GDP during 2017-18 was estimated at 6.5 percent, as compared to the growth rate of 7.1 percent in 2016-17, the Ministry of Statistics and Programme Implementation noted.

Get ready to witness 24 new launches at Auto Expo 2018

New Delhi, Jan 18 (ANI): The biggest fiesta for car enthusiasts, Auto Expo 2018 is scheduled to commence on February 9th at Pragati Maidan in New Delhi. More than 1200 participants from 20 countries will participate in the grand event. Auto Expo India receives the most footfalls per day in comparison to other motor shows globally. event organised by Society of Indian Automobile Manufactures (SIAM), jointly with the Automotive Component Manufacturers Association of India (ACMA) and the Confederation of Indian Industry (CII) will unveil 100 products and witness 24 new launches in two wheeler, passenger vehicles and commercial vehicle segments. Kia Motors and Kawasaki India are among the few new entrants in the 14th Auto Expo.

Bitcoin slides to below $10,000, half its peak

New Delhi,Jan 18 (ANI): The largest and most prominent cryptocurrency, Bitcoin, extended a slump today following a recent surge to trade below $10,000 for the first time since December 1. The price of the cryptocurrency fell to as low as USD 9,500 on the Luxembourg-based Bitstamp exchange, lowest value since start of December. The largest and most prominent cryptocurrency is down from record highs approaching $20,000 in the week before Christmas. Not only bitcoin, other cryptocurrencies also plunged as well. Ripple and Ethereum were both down heavily after reports South Korea and China could ban cryptocurrency trading. It sparkle worries of a wider regulatory crackdown.

Watch: Celebration at Stock Exchange after Sensex crosses 35,000 mark for first time

Mumbai, Jan 17 (ANI): Benchmark Sensex atop 35,000 mark for the first time on Wednesday. The record mark was surpassed due to boost in domestic stock market after the announcement of the Government in reduction of additional borrowing. Celebrations took on the Bombay Stock Exchange on this achievement. Ashish Chauhan, CEO of BSE, said the government policies are helping in luring the investors to invest in domestic stocks. The confidence and hope has grown among the investors due to economic growth, he added.

TCS, M and G Prudential sign deal worth USD 690-million

New Delhi, Jan 17 (ANI): Tata Consultancy Services (TCS) has announced that it bagged a USD 690 million deal from M and G Prudential, the UK and European savings and investments business of Prudential plc to digitally transform the latter's business and deliver enhanced service for its customers. Administration of over four million life and pension contracts will move from Prudential's incumbent business partner to TCS. Over 1,000 roles from the incumbent supplier across a number of UK sites are expected to be transferred under the TUPE arrangements to TCS' FCA-regulated, UK subsidiary. A further 700 roles in India are also expected to move from the incumbent supplier to TCS.

Patanjali joins hand with Flipkart, Amazon, Paytm to give big push to online sale

New Delhi, Jan 16 (ANI): Yoga guru Ramdev's Patanjali Ayurveda has entered into an agreement with e-commerce websites to give a big push to online sale of its 'Swadeshi' range of Fast-moving Consumer Goods (FMCG). Patanjali Ayurveda's products will now be available on online websites, including Paytm, Big Basket, Flipkart, Grofers, Amazon, Netmeds, 1mg, Shopclues, and others. Ramdev said the online mechanism aims to provide convenient and efficient option along with the extension of the traditional retail market.

Sudden price drop in chips spooks investors

New Delhi, Jan 16 (ANI): The 122 billion dollar memory chip industry had an incredible year due to robust hunger for smartphones and cloud services. But the surge could come grinding to a halt after prices for memory chips saw a sudden drop. The repercussions are expected to show up in shop windows very soon. Smartphone makers, who are responsible for a third of global memory chip demand, have been pressing suppliers to lower their prices. Memory chip prices dropped nearly 5 percent in the fourth quarter. This in turn sparked shares in Samsung and its rival SK Hynix to dip last week. The growth rate is also expected to drop by more than half this year. This is an industry known for ups and downs. And analysts say chipmakers can expect an even keel for at least the year ahead.

Strong opportunities in IT sector: Infosys CEO Parekh

Bengaluru, Jan 12 (ANI): Infosys Chief Executive Officer Salil Parekh on Friday showed confidence in the state of the information technology (IT) sector, saying there are "strong new opportunities" in the sector. Infosys chief executive officer identified data, analytics and Artificial Intelligence (AI) as some of the emerging sectors. Parekh also termed digital disruption as new area of opportunity.

South Korea plans to ban cryptocurrency trading

Seoul (South Korea), Jan 12 (ANI): South Korea is considering a law to ban cryptocurrencies such as Bitcoin being traded on local exchanges. While lawmakers the world over are struggling with how to regulate bitcoin Seoul has been opting to clamp down on trade, worried over its frenzied local popularity. Its skyrocketing value last year drew students and housewives into investing.

Niti Aayog's VC hails Cabinet's decision to liberalise FDI policy

New Delhi, Jan 11 (ANI): The Union Cabinet chaired by Prime Minister Narendra Modi on Wednesday approved a number of amendments in the Foreign Direct Investment (FDI) Policy, intended to liberalise and simplify the policy so as to provide ease of doing business in the country. Niti Aayog's Vice Chairman Rajiv Kumar hailed the Centre's decision and said that bringing multinational companies (MNCs) in India would grow exports thereby growing employment in the country. The Cabinet approval will, however, attract larger FDI inflow and subsequently greater growth of investment, income and employment. FDI is a major driver of economic growth and a source of non-debt finance for the economic development of the country.

Textile industry struggles to reach stability point post GST

Surat (Gujarat), Jan 09 (ANI): Months have elapsed since the Goods and Services Tax (GST) was rolled out across the nation, but textile industry in Gujarat's Surat continues to struggle to reach a stability point. With various shops being shut down and the decrease in overall sale, businessmen and workers earning their living from textile industry are still facing difficulties. About 250 shops from 8 well known markets in the city have been shut down. The overall production per day in the city, which was 4 crore meters has reduced to 2 crore meters per day. Moreover, there is a considerable decrease in the rents of the shops. The shop owners are ready to give their shops on rent with at 20-30% dip in the rent, but are still unable to find tenants. The power looms in the city too has been affected with thousands of power looms being shut down in the last 1 year. Many businessmen have now changed their businesses from textiles to various other businesses. Billed as India's biggest tax re

Next budget to benefit common people: VC Niti Aayog

New Delhi, Jan 8 (ANI): A conference is scheduled to be held by policy think tank Niti Aayog on January 10. Several leading economists will participate and give their views on ruling Government's last full time budget before 2019 general assembly elections. Vice Chairman of Niti Aayog Dr. Rajiv Kumar said the agenda of the meeting is to get views of the leading economists for making the budget relevant for economic activity of the country. Praising Prime Minister Narendra Modi, Kumar said populist budgets are never exercised for seeking votes by the current government. The next budget will be in favour of the common citizens of the country, he added.

Now, Puneites can get their food via Uber Eats

New Delhi, Jan 06 (ANI): Food delivery app Uber Eats has expanded its delivery services in Maharashtra's Pune along with many restaurant partners. Uber Eats announced that it would collect only Rs. 1 as delivery fee. "Pune, Uber Eats is now live in your city! Go ahead, get your favourite food delivered at Rs.1. No min. value," tweeted Uber Eats. It will provide its services to key neighbourhoods in areas, including Vimannagar, Kalyaninagar, Koregaon Park and Sangamwadi. Restaurants on Uber Eats will offer a variety of options, from fast food choices such as pizzas, burgers and pav bhaji, to sweet treats like Bharakwadi, Modaks, Irani custards and Shrewsbury biscuits. "Our aim is to help Puneites discover great food for their everyday practical eating needs through our restaurant partners and the Uber delivery network," said head of Uber Eats India, Bhavik Rathod. Uber, the cab-hailing services company, has expanded the UberEats service to Chandigarh, Chennai, Hyderabad, its seventh ci

India's GDP didn't face such reduction after demonetisation, GST as 1991's economic reforms, says NITI Aayog VC

New Delhi, Jan 06 (ANI): Giving example of 1991-92's economic reforms, NITI Aayog Vice-Chairman Rajiv Kumar stated that it's an achievement that even after huge reforms like GST and demonetisation, India's GDP didn't face such reduction as in the early 90's. Kumar said when Manmohan Singh brought reforms in 1991-92, the nation's GDP was reduced to 1.8 whereas after GST and demonetisation, India's current GDP is 6.5 percent. He added that in the near future, the GDP will rise to 7.5 or 8.0 percent.

Pearson India to display its digital learning solutions at World Book Fair

New Delhi, Jan 05 (ANI): Pearson, the world's learning company, would be featuring its finest and high quality prominent titles at the 46th edition of World Book Fair to be held from January 6 to 14. The visitors to the stall will have a chance to look at some of the prominent titles offered by Pearson covering a wide range of subjects and domains, including children's books, test preparation, higher education. In addition to the stall, Pearson will organise activities at the fair to engage with IIT aspirants. There will be a workshop on 'Tips and Techniques to Crack IIT JEE Examination' by author Sanjay Mishra. First slot will be about 'How to Crack IIT JEE Examination' followed by Open House and Quiz Competition. Students who aspire to go abroad for study will definitely have an exciting time at the stall, as Pearson would bring its experts who will take live sessions with the students on PTE Academic, which is world's leading computer based test of English for study abroad and immig

RBI unveils new Rs 10 banknotes

New Delhi, Jan 05 (ANI): New Rs 10 denomination was unveiled by the Reserve Bank of India (RBI) under the Mahatma Gandhi (New) Series on Friday. The new notes, measuring 63 millimeters to 123 millimeters are embossed with RBI Governor Dr Urjit Patel's signature and have motif of Sun Temple, Konark on the reverse. The obverse side of the note contains a see-through register with denominational numeral 10 and the same in Devnagari script. The base colour of the note is chocolate brown. The Central Bank, however, clarified that all the banknotes in the denomination of Rs 10 issued under the preceding series will continue to be legal tender.

Know how you can use social media to sell products

New Delhi: Social media has emerged to be a revolutionary tool in present times. From connecting long lost friends to linking professionals seeking employment, social media offers the best prospects for socialising with the world from the comfort of your couch. However, the benefits of social media are not limited to just networking. Today, it has become a significant channel for the brands, e-commerce platforms, and even independent sellers to connect with their target audience and conduct sales online. Even though this trend is spreading like fire, especially with the growth of e-commerce in India, there are still several tactics which can be practiced to multiply sales on social media.

Horticulture crop production rises to record-high of 300.6 million tonnes in 2016-17

New Delhi, Jan 03 (ANI): The production of horticulture crops was reported to be a record-high of 300.6 million tonnes in 2016-17, which is five per cent higher than the previous year, the Department of Agriculture, Cooperation, and Farmers Welfare reported on Tuesday. Further, productivity for horticulture sector increased by about 3.45 per cent in 2016-17 (Final Estimates), as compared to 2015-16, the data released noted. In fruits, the department revealed that the productivity increased from 14.3 Tonnes/Ha in 2015-16 to 14.6 Tonnes/Ha in 2016-17(Final), while in vegetables, it increased from 16.7 Tonnes/Ha in 2015-16 to 17.4 tonnes/ha. The production of fruits, the department noted, is estimated to be 93 million tonnes, which is three percent higher than the previous year. A record production of 178 million tonnes of vegetables was reported, which is about 5 per cent higher than the previous year. The production of fruits is estimated to be about 95 million tonnes, which is two per

Government announces 'Electoral Bonds' to ensure transparent political funding

New Delhi, Jan 02 (ANI): In a bid to ensure political funding, Union Finance Minister Arun Jaitley announced that the government has come up with a funding scheme that will provide a clean and transparent funding to political parties. Jaitley said that 'Electoral Bonds' is an alternative funding scheme in the wake of growing anonymous donations given by the individuals to the political parties. The bonds will be associated to only those parties which are registered under Election Commission and who have gained at least one percent of votes to show some amount of following. The political party must specify one bank account in which the bonds will be encashed which can be bought from specified branches of State Bank of India (SBI).

Startups to look for in 2018!

New Delhi, Dec 31 (ANI): The Indian startup ecosystem has been growing and acting more mature, strong and valuable. With the dawn of 2018, here are some startups that witnessed exceptional pace in reaching out to tier II and tier III cities. Roposo: India's one-of-a-kind 'TV by the people' - that allows users to express, connect, and interact to make the world sit up and take notice of how millennials celebrate their experiences, the digital way. Over the span of three years, Roposo saw its user base eventually grow to five million where users were creating content which belonged to a whole variety of genres ranging from fashion to food, travel, music, and many more. Netmeds: Leading online pharmacy that offers customers complete ease of shopping for medicines and other healthcare products through its 24x7 online portal. Netmeds has its roots in Vitalic which has been in the Pharma sector for more than 100 years. Credihealth: Medical assistance company, Credihealth leverages technology