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Falling rupee positive for growth of inbound tourism

A weakened rupee has made India a cheaper foreign destination,” said Subhash Goyal, Chairman, Assocham Tourism Committee. “We expect inbound tourism to benefit by 10%. Read the full story at https://www.thehindu.com/business/Economy/falling-rupee-positive-for-growth-of-inbound-tourism/article24692330.ece SOURCE: The Hindu (1)

Singapore’s Temasek buys secondary stake in Ola for $225 million

The stake was purchased from a group of early investors in the company though Temasek is also in discussions with Ola’s management to pump in more money into the company by way of subscription to new shares. As reported earlier by ET, Ola is in discussions with new investors to raise about $1 billion. The […]

New enemy of outsourcing: DIY by banks

Here’s the big reason why most of the big IT services companies are still struggling to accelerate: Many large banks have got into a do-it-yourself mode for their IT. Where once they outsourced work, they are now choosing to do more of it in-house, mostly in their own global inhouse centres (GICs) in countries like […]

Intention is to fly globally in a progressive manner, says Vistara CEO

Vistara announced a firm order with Airbus and Boeing for 19 aircraft as it looks to add international routes. In a telephone interview with The Hindu, the airline’s CEO, Leslie Thng, talks about Vistara’s plan for international flights, infrastructure constraints at Indian airports as well as the impact of the rise in fuel prices. Read […]

Index of industrial production surges to five-month high of 7%

Growth in industrial activity picked up to a five-month high of 7% in June, driven by an across-the-board acceleration in growth rates including in sectors such as manufacturing, electricity, infrastructure, and capital and consumer goods, according to official data released on Friday. Read the full story at https://www.thehindu.com/business/Industry/iip-surges-to-five-month-high-of-7/article24659424.ece SOURCE: The Hindu (2)

How US-China trade war may bring cheaper oil to Indian shores

Industry players say India may enjoy a better bargaining power to argue for a US waiver as it will be the only big buyer of US crude in Asia after South Korea. ​​ This will also help moderate the impact on crude prices, something that has been worrying policymakers. Read the full story at https://timesofindia.indiatimes.com/business/india-business/how-us-china-trade-war-may-bring-cheaper-oil-to-indian-shores/articleshow/65333316.cms […]

Industry concerned by fall in textile exports to China

Mr. Sanjay Jain, Chairman, Confederation of Indian Textile Industry (CITI) highlighted that the India’s huge trade deficit with China is a matter of great concern. India’s trade deficit with China has increased from US$ 51.1 bn. in 2016-17 to US$ 62.9 bn in 2017-18. India’s bilateral trade with China was US$ 89.6 bn. in 2017-18. […]

Sowing traditional seeds for future harvest

For S. Sultan Ahamed Kabir of Tirumalairayar Pattinam in Karaikal of the Union Territory of Puducherry, this is the third generation’s tryst with farming. But he has transformed agriculture from a vocation to feed people into a mission to conserve seeds of traditional paddy varieties for posterity. In the last 12 years, he has grown […]

Symantec expands security operations center in India

Symantec Corporation announced the enhanced expansion of its Security Operations Center (SOC) in Chennai, India. Customers in India and across the globe can now expect enriched access to security intelligence insights, and faster detection and response through greater regional coverage and visibility of the threat landscape in this rapidly growing economy. The Cloud Generation has […]

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