Business News ( English Version)

Economic affairs secretary Ajay Seth on Tuesday dismissed the concerns over depletion of forex reserve as "overblown" and said India has fairly large reserve to tide over the current situation.

The government doesn’t plan to waive capital gains taxes, and it’s concerned that foreign inflows will increase the volatility of local markets, said the people, who didn’t want to be identified discussing policy matters. Those taxes have been a stumbling block in previous negotiations.

Private lender Axis Bank said on Tuesday it has signed a non-binding term sheet to invest Rs 49.9-69.9 crore ($6.12-$8.57 million) for a 9.94% stake in Go Digit Life Insurance.

The global economy will expand just 2.2% in 2023, the Paris-based organization said Monday. The new projection for the year means output will be $2.8 trillion less than officials had predicted at the end of 2021.

The Reserve Bank's rate-setting panel will start its 3-day deliberations on Wednesday amid expectations of yet another rate hike of 50 basis points to check high inflation, in line with similar actions taken by other major central banks, including the US Fed.

To accommodate more companies, Odisha has taken up a huge corridor in western Odisha besides the Biju Expressway from Rourkela to Kotpad in Koraput district. It has declared that entire area as an industrial corridor

The firm plans to add 3 high-speed models by Diwali, and also 2 low-speed models 

The nordic country plans to set up a fully owned manufacturing facility