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  • Economy

    GST officials detect Rs 1,125 crore fraud by fake firms in Gurugram

    by IN Bureau June 23, 2023
    by IN Bureau June 23, 2023

    GST officials have busted a whopping Rs 1,124.66 crore racket in Gurugram involving fraudulent claims of Input Tax Credit (ITC) by 539 fake entities. Acting on a tip-off, The Directorate …

  • Economy

    Abandoned by the West, Pakistan Army wants Gulf countries to start corporate farming in Pak

    by Rahul Kumar June 22, 2023
    by Rahul Kumar June 22, 2023

    With Pakistan teetering on the brink of financial collapse, the powerful military, which owns large tracts of farmland in the country, has stepped in with an idea that Pakistan gives …

  • Economy

    Are billionaires Musk & Zuckerberg going in for a physical fight to settle scores?

    by IN Bureau June 22, 2023
    by IN Bureau June 22, 2023

    Two of the world tech industry’s top billionaires, Elon Musk and Mark Zuckerberg, apparently want to go beyond their business rivalry and settle scores in a “cage fight.” Twitter owner …

  • Economy

    With IMF playing tough, Shehbaz Sharif pleads with Western, Asian envoys for help 

    by Rahul Kumar June 20, 2023
    by Rahul Kumar June 20, 2023

    In a last-minute effort to retrieve the stuck bailout loan from the International Monetary Fund (IMF), Pakistani Prime Minister Shehbaz Sharif met ambassadors from the Western, European and Asian countries …

  • Economy

    Infosys co-founder Nilekani donates Rs 315 crore to IIT Bombay

    by IN Bureau June 20, 2023
    by IN Bureau June 20, 2023

    Infosys co-founder Nandan Nilekani has donated Rs 315 crore to his alma mater Indian Institute of Technology (IIT) Bombay to celebrate 50 years of his association with the institution. Nilekani …

  • Economy

    IndiGo inks pact with Airbus for world’s biggest ever order for buying planes

    by IN Bureau June 20, 2023
    by IN Bureau June 20, 2023

    India’s largest airline IndiGo has signed an agreement with Airbus to buy 500 aircraft in the biggest ever order placed by an airline worldwide. The multibillion-dollar order surpasses the Air …

  • Economy

    Mahindra Group starts supply of India-made Armoured Light Specialist Vehicles to Army

    by IN Bureau June 18, 2023
    by IN Bureau June 18, 2023

    The Mahindra Group has started deliveries of its fully-indigenous Armoured Light Specialist Vehicle (ALSV), Armado, to the Indian armed forces. The armoured vehicle can be used in raids in open …

  • Economy

    Biggest ever cargo on river route from Kolkata reaches Assam’s Numaligarh via Bangladesh

    by IN Bureau June 17, 2023
    by IN Bureau June 17, 2023

    The biggest ever cargo has arrived at the Numaligarh refinery jetty from Kolkata through the river route via Bangladesh as Inland Waterways Authority of India (IWAI) ship MV Maine 66 …

  • Economy

    Global South can follow India’s lead to tackle food security and climate change: PM Modi

    by Mahua Venkatesh June 16, 2023
    by Mahua Venkatesh June 16, 2023

    Prime Minister Narendra Modi’s message was clear as he addressed the G20 Agriculture Ministers’ summit in Hyderabad today—that India will not only be the voice of the Global South but …

  • Economy

    As trade zooms, India, UAE could set up effective data sharing mechanism to prevent frauds

    by Mahua Venkatesh June 16, 2023
    by Mahua Venkatesh June 16, 2023

    Audit collaborations between India and UAE are crucial in addressing areas of mutual interest including protection of public funds and the fight against fraud and corruption, Speaking exclusively to India …

  • Economy

    Oil major Shell’s exit could have a domino effect in Pakistan

    by Mahua Venkatesh June 16, 2023
    by Mahua Venkatesh June 16, 2023

    Pakistan’s economic crisis is further deepening with Shell Pakistan announcing the exit of oil major Shell Petroleum Company from the South Asian nation after 75 years. This has come as …

  • Economy

    Hero MotoCorp faces probe over diversion of funds

    by IN Bureau June 15, 2023
    by IN Bureau June 15, 2023

    The Ministry of Corporate Affairs has ordered a probe into two-wheeler giant Hero MotoCorp’s link with a third-party vendor in a case related to alleged diversion of funds, according to …

  • Economy

    Pakistani business house calls for reviving trade with India to bail out ailing economy

    by Mahua Venkatesh June 14, 2023
    by Mahua Venkatesh June 14, 2023

    Pakistan, to fix its economy, must reset it ties with India at the earliest: this is what one of the most prominent business tycoons of the cash starved nation has …

  • Economy

    AI cannot replace the human mind, may not significantly dent jobs market: CAG

    by Mahua Venkatesh June 13, 2023
    by Mahua Venkatesh June 13, 2023

    Amid rising apprehensions that expanded use of artificial intelligence could lead to massive job losses, Comptroller and Auditor General of India GC Murmu today said that the scenario does not …

  • Economy

    Pakistan turns to China, other countries for help as it loses hope of getting IMF loan

    by Mahua Venkatesh June 13, 2023
    by Mahua Venkatesh June 13, 2023

    Pakistan’s hopes of reviving the $6.5 billion financial assistance package from the International Monetary Fund (IMF) are rapidly diminishing. Islamabad has now once again reached out to its “iron brother” …

  • Economy

    India’s food prices likely to remain in control as monsoon advances well

    by Mahua Venkatesh June 13, 2023
    by Mahua Venkatesh June 13, 2023

    As India’s consumer price index (CPI) eased to 4.25 per cent in May – a 25 month low–the country’s food inflation stood at 2.91 per cent compared to the same …

  • Economy

    How India is helping Nepal to host a strategic petroleum reserve after Prachanda’s visit

    by Prithvi Shrestha June 13, 2023
    by Prithvi Shrestha June 13, 2023

    Kathmandu: Nepal-India agreement on constructing an additional cross border petroleum pipeline and increasing Nepal’s oil storage capacity, would contribute to Nepal’s energy security, senior officials of Nepal Oil Corporation said. …

  • Economy

    ‘Countries must adopt balanced approach to deal with AI’

    by Mahua Venkatesh June 12, 2023
    by Mahua Venkatesh June 12, 2023

    Amid rapidly growing artificial intelligence brings along new risks, fresh forms of discrimination and bias besides threats to personal privacy and data protection, nations must adopt a balanced approach to …

  • Economy

    Retail inflation falls 2-year low during May in big relief to consumers

    by IN Bureau June 12, 2023
    by IN Bureau June 12, 2023

    India’s retail inflation slowed to a more than two-year low of 4.25% in May as food prices eased during the month, official figures released on Monday showed. Suvodeep Rakshit, Senior …

  • Economy

    ChatGPT reveals opportunities and perils of AI: CAG Murmu

    by Mahua Venkatesh June 12, 2023
    by Mahua Venkatesh June 12, 2023

    Today’s most talked about artificial intelligence app — Chat GPT—has put the spotlight on the opportunities and threats that the expanded use technology present, Comptroller and Auditor General of India …

  • Economy

    China may seek greater share of Indian, Russian market as demand in West plummets

    by Mahua Venkatesh June 12, 2023
    by Mahua Venkatesh June 12, 2023

    Amid slowing demand from the West which has dealt a blow to China’s exports sector, Beijing’s dependence on the Indian market and its growing consumption trends could increase further. In …

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