Cnn business news june 3 2019 in india
Here are some of the top business news stories from CNN Business on June 3, 2019, related to India:
- India's economy grows at slowest pace in 5 years: India's economy grew at its slowest pace in five years in the January-March quarter, expanding 5.8% year-on-year, according to government data. The slowdown was attributed to a decline in consumer spending and a drop in manufacturing output. (Source: CNN Business)
- India's rupee hits record low against US dollar: The Indian rupee hit a record low against the US dollar, falling to 69.93 per dollar, amid concerns over the country's economic slowdown and a widening trade deficit. (Source: CNN Business)
- Tata Steel to cut 3,000 jobs in UK and India: Tata Steel, an Indian steel giant, announced plans to cut 3,000 jobs in the UK and India as part of a restructuring effort to reduce costs and improve efficiency. (Source: CNN Business)
- India's e-commerce market to reach $200 billion by 2026: India's e-commerce market is expected to reach $200 billion by 2026, driven by growing demand for online shopping and increasing adoption of digital payments, according to a report by Google and Temasek. (Source: CNN Business)
- Reliance Industries to invest $10 billion in digital services: Reliance Industries, India's largest private sector company, announced plans to invest $10 billion in digital services, including e-commerce, online education, and digital payments, over the next three years. (Source: CNN Business)
- India's IT sector faces headwinds amid global slowdown: India's IT sector, which is a major contributor to the country's economy, is facing headwinds amid a global slowdown in technology spending and increasing competition from low-cost providers. (Source: CNN Business)
These are just a few of the top business news stories from CNN Business on June 3, 2019, related to India. If you're looking for more information or specific news articles, please let me know!