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BUSINESS

Surge in global energy, goods prices pushing up WPI inflation: Govt
BUSINESS

Surge in global energy, goods prices pushing up WPI inflation: Govt

New Delhi, Aug 3 — The increase in wholesale price inflation in June was largely driven by price pressures in goods that are sensitive to global commodity and energy prices, the Parliament was informed on Monday.However, the government has been actively undertaking a series of measures to control…

Corrosion-tackling measures could boost India’s GDP by 1.5 pc
BUSINESS

Corrosion-tackling measures could boost India’s GDP by 1.5 pc

New Delhi, Aug 3 — India loses an estimated 4.3 per cent of GDP each year to corrosion — around Rs 14.1 trillion — and adopting stronger corrosion‑management practices could improve GDP by around 1.5 per cent, or Rs 5 trillion, a report said on Monday.The report from Nomura Research Institute (NRI)…

Free utility services come at a hidden cost: CEA Nageswaran
BUSINESS

Free utility services come at a hidden cost: CEA Nageswaran

New Delhi, Aug 3 — Chief Economic Advisor (CEA) V Anantha Nageswaran on Monday cautioned against the growing reliance on 'free services' in public policy, arguing that below-cost pricing of utilities and infrastructure ultimately weakens economic balance sheets and undermines long-term…

Sberbank overtakes Tesla in Fortune Global 500 ranking
BUSINESS

Sberbank overtakes Tesla in Fortune Global 500 ranking

New Delhi, Aug 3 — Sberbank was ranked 64th on the Fortune Global 500, the list of the world’s 500 largest companies published on Fortune’s website. Over the past two years, the bank has climbed 152 positions. According to Fortune, the bank's annual revenue soared by 36.8 per cent to $135.1…

Essar celebrates 15 years of Stanlow ownership
BUSINESS

Essar celebrates 15 years of Stanlow ownership

Stanlow (UK), Aug 3 — Essar Group (Essar) this week celebrates 15 years of ownership and stewardship of the Stanlow Manufacturing Complex, one of Europe's most advanced refining assets.Essar is a global conglomerate with over five decades of entrepreneurial experience in conceptualising, investing,…

India’s data centre pipeline likely to create 4.33 lakh jobs
BUSINESS

India’s data centre pipeline likely to create 4.33 lakh jobs

New Delhi, Aug 3 — India’s proposed data centre pipeline of nearly 9,030 MW could generate nearly 4.33 lakh ecosystem jobs and translate into an estimated 195 million square foot of residential space demand by 2030, a report said on Monday.The report from Square Yards said India currently produces…

Uttar Pradesh moving from local to global: Piyush Goyal
BUSINESS

Uttar Pradesh moving from local to global: Piyush Goyal

New Delhi, Aug 3 — Union Commerce and Industry Minister Piyush Goyal on Monday said that Uttar Pradesh is steadily transforming from a local economic powerhouse into a global growth engine, driven by the leadership of Prime Minister Narendra Modi and Chief Minister Yogi Adityanath. Highlighting the…