Business News Highlights: India to be third largest economy in two years, says Vice President
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5 min read | Updated on August 07, 2024, 17:11 IST
SUMMARY
Business News Highlights: Asserting that India's rise is unstoppable, Vice President Jagdeep Dhankhar on Wednesday said the country will become the third largest economy in the world in two years.

Business News LIVE Updates: Marico shares update on company's business operations in Bangladesh
"...operating conditions in the market are gradually improving. However, we remain watchful of the evolving situation," Marico said, while sharing an update on the company's business operations in the violence-hit Bangladesh.
"We continue to prioritize the safety of our employees, factory workers, distributors and other stakeholders of our business," it added.
August 07, 2024, 16:06 PM
Business News LIVE Updates: Tata Motors launches Curvv.ev at ₹17.49 lakh, confident over EVs long-term prospects
Tata Motors launched its maiden mid-sized electric SUV, Curvv.ev, at a starting price of ₹17.49-lakh. EV accounts for 12 per cent of the company's overall sales.
"EV industry is a part of the larger PV trend that we are seeing of overall demand stress, which I would say is of temporary nature," Tata Motors Passenger Vehicle and Tata Passenger Electric Mobility Managing Director, Shailesh Chandra told PTI in an interaction.
August 07, 2024, 15:42 PM
Business News LIVE Updates: Fintech should work together with banks to develop scalable, regulatory compliant solutions, says Financial Services Secretary
Financial Services Secretary Vivek Joshi on Wednesday urged the fintech community to work in close coordination with banks so that scalable and regulatory compliant solutions can be designed.
Addressing FICCI-IBA PICUP Fintech Conference, Joshi said the fintech sector is growing very fast and India has the highest fintech adoption rate vis-à-vis global average.
August 07, 2024, 14:52 PM
Business News LIVE Updates: India to be third largest economy in two years, says Vice President
Asserting that India's rise is unstoppable, Vice President Jagdeep Dhankhar on Wednesday said the country will become the third largest economy in the world in two years.
Addressing on the occasion of the 10th National Handloom Day, he expressed confidence that the optimal utilisation will take place to promote handlooms, the need of the hour, the need of the country, and the need of the planet, if we think in terms of climate change.
August 07, 2024, 14:01 PM
Business News LIVE Updates: Piyush Goyal suggests BIMSTEC group members to relook proposed FTA
Commerce and Industry Minister Piyush Goyal on Wednesday suggested the seven member countries of the BIMSTEC bloc to relook at the progress of Free Trade Agreement talks which are moving at a very slow pace.
He said that the members can think of negotiating a preferential trade agreement instead of a full-fledged free trade pact.
August 07, 2024, 13:32 PM
Business News LIVE Updates: Sterlite Power bags new orders worth ₹1,500 cr in Q1 FY25
Sterlite Power on Wednesday said it has secured orders worth ₹1,500 crore in the first quarter of this fiscal across its global products and services business.
The new set of orders (worth ₹1,500 crore), won across the domestic and international market in Q1FY25, builds on the total order book of over ₹6,560 crore at the start of this financial year, a company statement said.
August 07, 2024, 12:41 PM
Business News LIVE Updates: Morepen Labs successfully raises ₹200 crore through QIP
Morepan Lab announces the successful subscription of a Qualified Institutional Placement (QIP) for ₹200 crore. The issue was subscribed 1.68 times with bids of ₹335 crores against the ₹200 crore offering.
August 07, 2024, 11:53 AM
Business News LIVE Updates: Air India, IndiGo operate special flights to Dhaka; bring back over 400 people
Air India and IndiGo operated special flights to Dhaka, bringing more than 400 people amid a volatile situation in the Bangladesh capital.
A special Air India flight brought 205 people, including 6 infants, from Dhaka to New Delhi on Wednesday morning, an official said.
August 07, 2024, 11:14 AM
Business News LIVE Updates: Rupee trades in narrow range against US dollar in early trade
Rupee traded in a narrow range in morning trade on Wednesday, as the support from positive domestic equities was negated by strengthening of the American currency in the overseas market.
At the interbank foreign exchange market, the local unit opened at 83.86 but soon pared the gains to trade at 83.92, unchanged from its previous close.
August 07, 2024, 10:09 AM
Business News LIVE Updates: Amazon India head Manish Tiwary resigns
Amazon India head and country manager Manish Tiwary has resigned after an eight-year stint, the e-commerce giant confirmed. Tiwary will continue with Amazon until October to help ensure a smooth transition.
August 07, 2024, 09:45 AM
Business News LIVE Updates: Govt gives option to calculate LTCG tax on properties, pay lower tax
The government has proposed significant relief for individuals who bought houses before July 23, 2024, by giving them the option to choose between two tax rates for long-term capital gains (LTCG) tax.
August 07, 2024, 09:28 AM