India’s infrastructure output grows 4.9% in August: Govt

India’s infrastructure output grows 4.9% in August: Govt

India’s annual infrastructure output grew at its fastest pace in five months in August, driven by higher coal and electricity production, government data showed on Tuesday. The output grew 4.9% in August compared with a revised 2.6% year-on-year growth in...
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India’s fuel demand falls 6.1% in August, the most in over 14 years

India’s fuel demand falls 6.1% in August, the most in over 14 years

India’s fuel consumption fell 6.1% in August, its fastest rate of decline since April 2003, as heavy rainfall across the country cut the use of diesel for irrigation pumps and curbed demand for auto fuels. Consumption of fuel, a proxy...
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Bird Group says keen to buy Air India’s subsidiary

Bird Group says keen to buy Air India’s subsidiary

Aviation services provider Bird Group on Wednesday said it is interested in buying state-owned carrier Air India’s ground-handling subsidiary AIATSL, making it the second company to formally show interest in bidding for a part of the ailing airline. Bird Gro...
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India’s economy set to reclaim top spot for growth this year, shows Reuters poll

India’s economy set to reclaim top spot for growth this year, shows Reuters poll

India will reclaim its position as the fastest growing major global economy this year, partly propelled by benefits from a new tax system and bolstered by an expected central bank interest rate cut, a Reuters poll showed. Having been in...
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India’s national accounts on economic growth wrong: Vijay Joshi

India’s national accounts on economic growth wrong: Vijay Joshi

India is not growing at a 7% rate as being reported by the government, an eminent Indian-origin economist has claimed, citing flat growth in several key sectors. “They (India’s national accounts) show India’s growing at seven% a year. But I...
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India’s Smartphone User Base Tops 300 Million in Q4 2016: Counterpoint

India’s Smartphone User Base Tops 300 Million in Q4 2016: Counterpoint

The smartphone user base in India – with Chinese brands dominating the market – crossed 300 million as shipments grew 18 percent annually in 2016 compared to the global smartphone market which grew only three percent, a new report said...
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