You are here

India Inc sees room for more rate cuts by RBI as inflation rises

India Inc said on Monday there is room for further rate cut by the Reserve Bank of India to boost investments from private sector and revive industrial growth, as wholesale inflation rose to 1.88% in July. “Given the trend and outlook for inflation, we see clear space for a more accommodative stance in the monetary policy. This is all the more important given the state of industrial sector where growth is anaemic. “Private sector investments continue to remain weak which is key concern for now. We look forward to a…

Read More

Study: Health costs of pollution in India 8 times of govt’s fuel subsidy

India spent $16.9 billion on oil, gas and coal subsidies in 2013 and 2014 but the health costs to meet the burden of air pollution-linked diseases was eight times more at $140.7 billion, says a report by an European environmental non-profit organisation. The Health and Environment Alliance (HEAL) assessed the spending of seven economically powerful countries on fossil fuel subsidies, and the health costs associated with fossil fuel subsidies. The report, `Hidden Price Tags’, said India can provide 375 million households with solar lamps or train nearly 32,000 extra doctors for rural…

Read More

Gastropubs and the Rise of Casual Dining in India: History and its Trend

India’s experimental artistry can be witnessed yet again, in the form of a fusion of fine dining with the casual aura of a pub or an innovative encapsulation that has become a favourite among its diners. With burgeoning consumer demands, hunger for exclusivity and desire for comfort food, gastro pubs have become the places to head to when eating out. It’s like a double-edged sword, offering not only deliciously scrumptious food but also an ambience that is capable of bestowing upon you an unforgettable experience. Whether it’s the “selfie corner” or the dance performance…

Read More

Moto Z2 Play India Launch Set for Thursday

After confirming the India pre-order date, Lenovo brand Moto has confirmed the official launch date for the Moto Z2 Play as well. In a tweet, the company has confirmed that the Moto Z2 Play will launch in India on June 8, and the event will be live streamed as well. The Moto Z2 Play pre-orders are set to go live on the same day. In its latest tweet, Moto shared a YouTube link where the June 8 launch event will be live streamed. The event is scheduled to begin at…

Read More

Reliance Jio Broadband Tests, Amazon and Flipkart Sales, Nokia 3310 India Launch, and More News This Week

Welcome back to our weekly news roundup, where we catch you up with all the tech news you might have missed during the course of the week. As you may have guessed, some of the news that most people were interested in was about sales, from both Amazon, and Flipkart. Amazon’s Great India Sale started on May 11, and ends today, May 14. In the course of the sale, we’ve seen a number of great offers on phones and other electronics, and Sunday your last chance to get a deal….

Read More

Strong Rupee May Help Ease India Outbound Investment Rules

A surging rupee, rising currency reserves and a comfortable current-account gap could see India’s central bank consider relaxing rules on outward investments, paving the way for domestic companies to step up their shopping abroad, especially in Latin America and Africa. An uptick in overseas acquisitions would help keep a lid on the rupee, which is among the top performers this year. While the strengthening currency is helping the central bank keep inflation in check, additional gains are threatening to snuff out a nascent recovery in exports. Analysts like Santosh Pai, a…

Read More