Indian economy set to overtake Germany’s by 2022, push UK out of top 5: IMF
India is set to leapfrog Germany to rank fourth globally by 2022, pushing the UK down to sixth place behind its European peer, according to IMF estimates

IT industry slows, Indian companies ready for large layoffs
BENGALURU/CHENNAI: Large IT services companies are all in the process of laying off employees on a scale not seen since the 2008-10 downturn. Those taking the hit first are mid and senior level professionals, those with 10 to 20 years of experience, but the expectation is that lower level employees too will be hurt later in the year, as growth in the $150-billion industry slows far more than anticipated and companies move towards hiring more in the US. The situation is worsening to a point where affected employees are beginning to approach labour unions to take up their cause.

India ready for July 1 tax overhaul, says revenue chief
NEW DELHI -- The Indian government is confident that the country's ambitious goods and services tax will be rolled out as planned on July 1, Revenue Secretary Hasmukh Adhia has said.

Indian cars flood VN market
Hanoi (VNA) - Vietnam imported nearly 4,800 Indian cars in the first quarter of this year, increasing more than threefold compared with the same period last year, according to the Vietnam Customs.

India's participation crucial for China's silk road project: Beijing media
BEIJING: India's participation was very important for China's silk road initiative because its attitude will affect the decision of some of the countries to join the multi-billion dollar project, a state-run newspaper said today.

India set to export mangoes to Australia for the first time
Australians can expect to see mangoes from India popping up in the markets soon, with a number of Indian businesses working hard to export fruit this season.

Post-Brexit trade deal with India 'worth extra £2 billion to British economy'
Britain will be able to increase its exports to India by more than £2 billion per year after Brexit by cutting EU red tape, a new analysis has found.

Microsoft, eBay and Tencent invest $1.4 billion in India’s e-commerce giant Flipkart
Flipkart, India's leading e-commerce marketplace, announced Monday that it has received investments totaling $1.4 billion from Microsoft, eBay and Tencent, taking the company's value to $11.6 billion.

Gold import shrinks 24% to $23 billion in Apr-Feb FY17
NEW DELHI: India's gold import witnessed a fall of about 24 per cent to $23.22 billion in April-February period of the last fiscal, which is expected to keep a lid on the current account deficit.

WTO sets up panel to resolve steel dispute with India, Japan
The WTO’s dispute settlement today set up a panel to resolve the dispute between Japan and India over imposition of safeguard import duty on iron and steel products.