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Economy News - The latest economic news and analysis

Maharaja of Mysuru launches Akshaya Patra’s model school initiative

The city-headquartered nonprofit has equipped GLPS Ravindranagar with a new compound wall, bio-toilets among other facilities.

Amazon inks pact with FISME to educate MSMEs about online selling

According to the pact, Amazon.in will collaborate with FISME to conduct various events and workshops across the country that will enable MSMEs sell their products online.

Traders' body slam CII for suggesting 100% FDI in multi-brand retail

CII said the govt should consider permitting 100 per cent FDI in multi-brand retail trade and further improve ease of doing business for the sector to promote growth in the segment.

IHCL signs a new Taj hotel in lucknow

Amit Singh, Director, Luxus Hospitality Pvt Ltd said: “We are proud to partner with IHCL for its iconic Taj brand and bring their famed hospitality to Lucknow.”

Indian Hotels Company plans to revamp loss-making Ginger

On Monday, Ginger announced the opening of its first prototype hotel with a new brand identity at Panjim after a repositioning exercise.

Online companies are now selling meat and a new perception

Sellers like Licious are trying to bring convenience and hygiene to the unorganised business

Mukesh Ambani may use his 5,100 Jio Point stores to kick off a retail revolution

Jio Point stores will help those without net access to buy grocery, apparel soaps, etc, online.

FabHotels plans to double inventory by 2019

Aggarwal said the company will also add some business and leisure cities.

Insight Mall Developers now a step-down subsidiary of Phoenix Mills

Following this Share Purchase Agreement (SPA), Insight has ceased to be the Phoenix Mills’ wholly-owned subsidiary and has become a step down subsidiary with effect from December 11, the company said in a regulatory filing.

ICC ropes in Royal Stag as official sponsor

The company has also roped in seven cricketers – Faf du Plessis, Ben Stokes, KL Rahul, Andre Russel, Kane Williamson, Mitchell Starc and Angelo Mathews for its new campaign.

Large offices in demand in 2018 with growth in business confidence

This improvement in business environment has percolated to several sectors with India’s commercial office sector being a prime benefactor.

View: Universities should consult industry on designing courses to make students employable

Innovation has become the key to gaining greater market share and more and more countries are shifting their policy focus on building their innovative capacities to strengthen the competitiveness of their economies.

SUN Group to invest across real estate asset classes

The private equity fund manager formed a residential platform with real estate developer Vista Spaces for residential and commercial real estate properties in India.

Google leases 1 lakh sq ft office space in Mumbai’s BKC

The total tenure of the lease is nine years and the contract includes a clause to cover 15% rental escalation every three years.

View: Put your wallet away. It's not about the price

In fact, some of the smarter mortals are now ‘earning by spending’ because of cashbacks and subsidies.

Statistics Canada: Housing Price Index Up Slightly in October

Economy News - MDM Economy News - Thu, 12/13/2018 - 14:00
October marked the smallest annual increase since January 2010.

Gross Domestic Product by County, Prototype Estimates, 2012-2015

The Bureau of Economic Analysis released prototype statistics for gross domestic product (GDP) by county for 2012-2015. Combined with BEA's county estimates of personal income, GDP by county offers a more complete picture of local area economic conditions. Full Text

The Conference Board: ETI Down Slightly in November

Economy News - MDM Economy News - Tue, 12/11/2018 - 11:30
Outlook calls for moderating employment growth in 2019.

SATTE 2019 to have 50 participating foreign tourism boards, Cyprus and Iceland among first timers

Turkey has been SATTE's biggest exhibitor till date and countries are focusing on multiple segments keeping in mind the varied Indian travellers, Mudras said.

Walmart India names Sameer Aggarwal as chief business officer; Devendra Chawla quits as COO

The announcement follows the resignation of executive vice-president (EVP) and chief operating officer (COO) Devendra Chawla.

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