Economy

Other top recipient nations after India were China ($67 billion), Mexico and the Philippines ($34 billion each) and Egypt ($26 billion), as per the report.

For October-March, the RBI has fixed Consumer Price Index (CPI)-based retail inflation to be between 3.9-4.5 percent.

Beijing: China’s gross domestic product (GDP) grew 6.7 per cent year on year in the first three quarters of 2018 to about 65.09 trillion yuan ($9 trillion), data from the National Bureau of Statistics (NBS) showed on Friday. The growth was in line with market expectations and higher than the government’s annual growth target of around …

United Nations: India has suffered economic losses of $79.5 billion due to natural disasters during the last two decades, according to the UN. Between 1998 to 2017, two of the worst years for lower-middle income countries, a category that India falls into, were 2002 when a severe drought in India affected 300 million people, and 2015 …

Mumbai: The Indian rupee slipped to a fresh record low of 74.46 to a US dollar during the morning trade session on Thursday. It opened at 74.31 to a dollar at the Inter-Bank Foreign Exchange Market and soon slipped to 74.46 to a greenback, the lowest-ever it has touched. ALSO READ: Three dead in Java quake, another …

Mumbai: Weak global cues on the back of escalation in trade tensions subdued equity indices during the afternoon trade session on Wednesday. Although, the Indian markets opened in the green on Wednesday, subsequent selling pressure in consumer durables, banking and FMCG stocks dragged the NSE Nifty50 and S&P BSE Sensex in the negative territory. ALSO READ: Maharashtra …

Bengaluru: Beauty E-commerce is booming in India and is expected to reach unprecedented heights within the next several years. As more of the country moves online, there are going to be major opportunities in the beauty retail space. For that reason, investors are desperate to get a piece of the market share. Outside of the …