Hyundai IPO, worth Rs 27,870 crore, open for subscription till Oct 17
The mega issue has an Offer For Sale (OFS) of 14,21,94,000 equity shares sold by Hyundai Motor Global. The shares will be listed on October 22 New Update Listen to this article…
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Reliance Industries Q2 FY25: Profit down 4.78%; total income up 0.65%
The Mukesh Ambani-helmed Reliance Industries Ltd (RIL) declared a 4.78 per cent drop year-on-year in consolidated net profit, during quarter two of the fiscal year 2024-’25, or Q2…
PM Modi: “Solutions to problems cannot come from the battlefield”
Indian Prime Minister Narendra Modi on October 11 called for peace and stability in conflict zones such as the Middle East and Eurasia, saying that nations of the Global South…
World Bank retains India’s GDP growth at 7% for fiscal year 2024-’25
The World Bank estimate is in sync with the 7% forecast of the IMF and the Asian Development Bank but less than the RBI’s prediction of 7.2% New Update Listen to this article…
Ratan Tata: Understanding the legend by decoding his words
Ratan Naval Tata, Chairman Emeritus of the Tata Group and a modernday legend, died late on October 9. He was 86 and unwell, undergoing treatment at Mumbai’s Breach Candy Hospital…
Who will be India’s first trillionaire, Mukesh Ambani or Gautam Adani?
Gautam Adani and Mukesh Ambani are the only two Indian names in the Informa Connect Academy report on the world’s Top 10 Wealthiest Individuals who are poised to become…
RBI retains repo rate at 6.5% for 10th consecutive time
The Monetary Policy Committee agreed to change its stand from Accommodative to Neutral, in a bid to balance inflation control with support for economic growth New Update Listen to…
Hindenburg shorts gaming site Roblox, an ‘X-rated pedophile hellscape’
Hindenburg Research has released a new report on its website that claims the US-based online gaming platform Roblox Corporation, which is popular among children, is an “X-rated…
Indian markets gained in Sep from US Fed interest rate cut: ICRA
Indian equity and debt markets surged in September, propelled by US Fed rate cut and reports that China may cut mortgages rates, said ICRA Analytics New Update (pic for…
IndiaAI Mission: Centre eases tender norms; small firms to benefit
Provisions of AI compute units and total turnover limit for bidding firms have been relaxed, according to a revised tender released by the government New Update (pic for…
India’s startups, tech firms show steady rise in hiring after freeze
Demand for talent in startup and tech sector has been rising steadily over the past five months of the ongoing fiscal year, data from Xpheno shows New Update (pic for…
Boeing 737 may pose risk due to faulty rudder control: DGCA to airlines
In India, Air India Express, Akasa Air and SpiceJet operate the Boeing 737 Max. The DGCA will work with Boeing to find a permanent solution for the problem New Update Boeing 737…
CII Business Confidence Index at 68.2 in July-Sep, industry upbeat
CII Business Confidence Index saw a two-quarter high of 68.2 in the July-September period of FY25, says the 128th round of CII Business Outlook Survey New Update (pic for…
Supreme Court dismisses petitions to review mineral royalty verdict
Supreme Court’s decision, upheld by an 8-to-1 majority, gives states the power to collect royalty and tax dues on mineral rights since April 1, 2005 New Update Listen to this…
Veg thali costlier by 11% in Sep, non-veg thali cheaper by 2%: CRISIL
Surge in vegetable prices is the primary reason for rising cost of the veg thali. Stability in broiler chicken cost made the non-veg thali cheaper New Update (pic for…
Middle East unrest: Rupee may fall; Oil pricier in early Asian trading
The India Rupee could take an unprecedented downward dive with foreign investors avoiding domestic equities amidst the ongoing Middle East unrest New Update (pic for…
34% Gen Z dissatisfied at work, says survey
The survey, conducted on 1,100 respondents, says Gen Y or Millennials, rank second, with 31% saying they are dissatisfied at work. Baby Boomers are third (30%) New Update (pic for…
Salaries in India may grow by 9.5% in 2025, predicts Aon survey
The survey also notes that Attrition Rate, or the rate at which employees leave an organisation voluntarily or involuntarily, has been on the decline in India New Update (pic for…
Adani Enterprises share in focus after subsidiaries merge with ANIL
Adani Enterprises announced the Adani Group’s decision to amalgamate Adani Infrastructure and Mundra Solar Technology with Adani New Industries Limited (ANIL) New Update Listen to…
RBI rate cut odds in Oct are low after Iran’s missile attack on Israel
Although India’s GDP growth has been robust, the geopolitical unrest in the Middle East means the RBI may not consider a rate cut before H2FY25 New Update Listen to this article…
US opens lottery for Diversity Immigrant Visa Program
Foreigners are eligible to apply for the much sought-after US Diversity Immigrant Visa Program, or DV-2026, program till November 5 this year New Update Listen to this article…
Oil prices rise after Iran fires missiles at Israel
The price rise is driven by fear that an Israeli retaliation could put Iranian oil properties in peril, leading to losses of millions of barrels New Update (pic for…
Viksit Bharat hard to attain by 2047 without grassroots growth: CAG
Over 50% Indians live in rural area and until their governance and development are augmented, we won’t reach Viksit Bharat, CAG Girish Chandra Murmu said New Update Listen to this…
US economy in solid shape, more rate cuts likely: Fed Chair Powell
“We’re looking at it as a process that will play out over some time, not something that we need to go fast on,” Powell said about upcoming rate cuts New Update Listen to this…
Industry sector saw estimated employment growth of 7.4% in FY23
India’s industry sector saw an estimated employment growth of 7.4 per cent in the fiscal year 2022-’23 (FY23), which was higher than the previous fiscal, FY22 (7 per cent),…
Meta CEO Mark Zuckerberg latest member of world's $200 billion club
Mark Zuckerberg is the fourth person to scale the $ 200-billion mark after Elon Musk, Jeff Bezos and Bernard Arnault, according to Bloomberg’s Billionaire Index New Update Listen…
Chartered accountants’ body to set up stress control & counsel group
The decision comes in the wake of the recent death of chartered accountant Anna Sebastian Perayil owing to extreme pressure at work, according to media reports New Update (pic for…
EVs have steady fledgling market, hybrids see rapid growth in sales
India is still a fledgling market for electric vehicles (EVs) while sales of hybrids, including strong hybrids and plug-in variants, grow at a rapid rate New Update (pic for…
India’s UPI technology adopted by Trinidad and Tobago
The agreement with India gives Trinidad and Tobago complete ownership of UPI within its borders, besides operational and developmental control New Update Trinidad & Tobago has…
BrahMos Aerospace to reserve jobs for Agniveers
BrahMos Aerospace becomes first company of the Indian defence industry to reserve jobs for Agniveers, or military personnel enlisted under the Agnipath Scheme New Update Listen to…
Better marketing margin may trigger fuel price cut of Rs 2-3 per litre
A drop of Rs 2-3 per litre in automobile fuel prices could be possible if crude cost is stable and proper marketing margin is maintained, says ICRA New Update (pic for…
Indian steel manufacturers seek double tariffs as Chinese imports rise
In a letter, the Indian Steel Association (ISA) requested Finance Minister Nirmala Sitharaman to double customs duty on imported steel to 15% New Update (pic for representation)…
Housing prices see 23% annual growth but sales drop 11% in July-Sep
Housing prices in India saw a 23 per cent annual growth but sales dropped 11 per cent to 1.07 lakh units across the country’s top seven cities during the July-September 2024…
Digital lenders’ loan disbursals up 27% to Rs 37,676 crore in Q1 FY25
Eleven companies contributed 93% of the loan volume disbursed during the period, says a report by Fintech Association for Consumer Empowerment (FACE) New Update (pic for…
Indian weapons being exported to over 90 countries: Rajnath Singh
Indian Armed Forces use weapons “manufactured on our own soil” and India also exports defence items, Singh said, celebrating 10th anniversary of Make in India New Update (Rajnath…
Make in India turns 10: PM Modi, Amit Shah compliment nation
PM Modi’s post on Wednesday noted how, thanks to Make in India, exports have risen in various sectors, capacities have been built and economy has been strengthened New Update (pic…
India’s rate cut likely from Oct, GDP steady at 6.8%: S&P Global
S&P Global Ratings predicts the Reserve Bank of India may opt for two rate cuts beginning October 2024 while GDP will be steady at 6.8 per cent in FY25 New Update (pic for…
SEBI probes six domestic investment banks over handling of small IPOs
Initial probe by SEBI indicates fees as high as 15 per cent were charged by the alleged transgressors to ensure that the offerings are oversubscribed New Update Listen to this…
India’s Worker Population Ratio rose to 58.2% in July 2023-June 2024
The annual report of Labour Force Survey also reveals Unemployment Rate for people aged 15 years and above remains unchanged at 3.2 per cent New Update (pic for representaion)…
Modi ‘most pro-American’ PM in Indian history: US Ambassador to India
Prime Minister Narendra Modi is the “most pro-American Prime Minister” in Indian history while President Joe Biden is the “most pro-Indian President” in the history of the United…
India’s finished steel import hits 6-year high, driven by rapid growth
India’s demand for the alloy has been growing rapidly. Driven by the automotive and infrastructure sectors, need for finished steel hit a seven-year high New Update (pic for…
iPhones, iPads and other Apple devices face security threat: Govt
Apple has started unveiling latest versions of its array of operating systems. Users are advised to download the updated versions for their devices New Update Listen to this…
PM in US: Modi holds ‘fruitful roundtable’ in NY with top tech CEOs
Google’s Sundar Pichai and Adobe’s Shantanu Narayena among CEOs at conference organised by MIT School of Engineering during PM’s three-day US tour New Update PM Modi at MIT…
India is 2nd among world’s most overworked nations: ILO report
South Asian nations feature prominently in the ILO list. Bhutan is at the top with 61% per cent populace working over 49 hours every week. India (51%) is second New Update (pic…
Trump’s claim that India is an abuser of import tariff is unfair: GTRI
On September 17 at a Presidential election campaign in Michigan, former US President Donald Trump said India was an “abuser” of import tariff New Update Donald Trump Listen to…
US ‘seeks an India that is increasingly a leader’ in Indo-Pacific zone
Ahead of Prime Minister Narendra Modi’s United States visit, the US National Security Council Senior Director for East Asia and Oceania, Mira Rapp-Hooper, said “the United States…
Mumbai, Delhi among 50 cities with highest centi-millionaire count
Mumbai and Delhi feature in Henley & Partners’ Centi-Millionaire Report 2024, which lists the world’s top 50 cities in terms of resident centi-millionaires. Centi-millionaires are…
Telcos face SC headwinds after AGR plea rejected
Telcos including Bharti Airtel and Vodafone Idea claimed there were errors in computation by Department of Telecommunication amounting to over Rs 1 lakh crore New Update (image:…
US rate cut by 50 BPs: How India stands to benefit
US Fed cut interest rate by 50 BPs. The first cut in four years, it could boost the Indian rupee, the nation’s foreign investment, IT sector and markets New Update Listen to this…
India 8th on Forbes list of nations with most gold, US leads
India ranks eighth on the Forbes list of Top 20 Countries With Largest Gold Reserves, with 840.76 tonnes of the precious metal. The United States tops the list, which covers the…
Chinese origin firm Lenovo to make AI servers in India
The multinational technology firm’s annual production target is 50,000 AI servers for the domestic market and export, mainly in the Asia-Pacific region New Update Listen to this…
UPI market up 3.6% in Aug: PhonePe tops, Google Pay 2nd, PayTm falls
UPI transactions hit 14.96 billion, recording business worth Rs 20.61 lakh crore, says latest data from National Payments Corporation of India New Update Listen to this article…
Smartphone wars: Apple highest revenue earner, Samsung is top seller
In H1 2024, Apple earned a revenue of $4.56 billion shipping 4.8 million iPhones while Samsung, selling 9.8 million units, garnered $3.43 billion in revenue New Update Listen to…
100 days of Modi 3.0: Govt okayed projects worth Rs 3 trn, says Amit Shah
Prime Minister Narendra Modi’s BJP-led NDA government approved projects worth Rs 3 trillion during the first 100 days of its third term in office, Union Home Minister Amit Shah…
PM Modi’s US visit: Defence, space, energy on discussion list
At a meeting in New Delhi, Indian and American officials set the stage for Modi’s meeting with the American President Joe Biden during his US trip New Update Listen to this…
Adani Power & Adani Green shares up 6% after 6600 MW power supply deal
Both companies of the Adani Group will sign separate contracts with Maharashtra State Electricity Distribution Company Limited (MSEDCL) to supply power New Update Listen to this…
In 100 days, Modi 3.0 ‘tried to address every sector and factor’
“In the first 100 days you can witness our priorities, speed and scale,” PM Modi said in his address at the 4th edition of RE-INVEST 2024 on Monday New Update Prime Minister…
India and US boost military tech alliance ahead of PM Modi’s visit
The two nations signed a Memorandum of Understanding (MoU) for innovation, research and investment with focus on AI, drone technology and cybersecurity New Update Listen to this…
China to raise retirement age to 65 as pension expenses mount
Besides growing pension costs, the other reason is a drop in the number of working-age citizens owing to China’s one-child policy from 1980 to 2015 New Update (pic for…
IT layoffs: Microsoft to let go 650 more in Xbox gaming division
Microsoft has announced its decision to lay off another 650 employees from its Xbox gaming division. With this, the total downsize count reaches 2,550 since the tech giant’s…
India and China could soon resume direct passenger flights
Civil Aviation Minister K Rammohan Naidu and team discussed the matter at the Asia Pacific Ministerial Conference on Civil Aviation with the Chinese delegation New Update Listen…
Paytm to reapply for RBI’s payment aggregator licence ‘in due course’
Paytm Founder and Chief Executive Vijay Shekhar Sharma said on Thursday his company is committed to reapply for a payment aggregator licence New Update Listen to this article…
PM Modi: Rs 10,900-crore PM E-DRIVE Scheme to ‘boost green mobility’
The PM E-DRIVE Scheme has been sanctioned Rs 10,900 crore over two years to boost electric vehicle (EV) sales in India. Prime Minister Narendra Modi chaired a Cabinet meeting on…
Microsoft’s latest India binge: Land worth Rs 519.72 crore in Pune
Microsoft has locked 66,414.5 square metres (more than 16 acres) of land. This is the tech giant’s third major real estate investment in India New Update Listen to this article…
Equity Mutual Funds garner Rs 38,239 crore investment in August
The amount marks a 3 per cent growth compared to July and is only behind June 2024 in this calendar year when the net income recorded was Rs 40,608 New Update (pic for…
India's fintech firms now occupy 52% of personal loan market
Fintech firms disbursed over Rs 2,48,000 crore in personal loans and Rs 28,607 crore in business loans as of March 2024, an Experian India report says New Update (pic for…
Adani writes to Muhammad Yunus for clearance of $800 mn in power dues
Gautam Adani has requested Muhammad Yunus to expedite the clearance of $800 million that Bangladesh Power Development Board owes to Adani Power New Update Listen to this article…
EV index: Chandigarh, Goa & Delhi best places to own electric vehicle
Chandigarh, Goa, Delhi, Maharashtra and Karnataka are the five best places in India to own an electric vehicle (EV), according to a new study by the mapping technology firm Here…
Apple to set up iPhone chip units worth $12 billion in India
Apple will build factories in India to generate chip supplies worth $12 billion for iPhones it manufactures in the country. The American tech firm is in talks with the Tata Group,…
EVs, petrol & diesel vehicles to cost same in two years: Nitin Gadkari
“In two years, incentives may no longer be necessary as EVs will reach cost parity with traditional fuel vehicles,” Gadkari said at the annual ACMA session New Update (image…
Gautam Adani set to be world’s 2nd trillionaire by 2028 after Elon Musk
Indian billionaire Gautam Adani of the Adani Group looks all set to become the world’s second trillionaire by 2028, according to a report by the UK-headquartered Informa Connect…
Mukesh Ambani’s Jio Financial Services forms JV with BlackRock
Mukesh Ambani’s Jio Financial Services Limited and BlackRock will launch an Asset Management Company named Jio BlackRock Investment Advisers Private Limited New Update Listen to…
Adani Group in $10 billion JV with Israel’s Tower to set up chip plant
The semiconductor fabrication plant, to be set up under Adani Enterprises, will come up at Taloja, a census township in Raigad district of Navi Mumbai New Update Listen to this…
India rises to 8th spot in global tourism, US & China take top 2 spots
India’s rank in the global tourism industry has gone up by two positions, and is eighth in 2023, according to the World Travel & Tourism Council (WTTC) 2024 Economic Impact Trends…
India’s Ashwini Vaishnaw, Anil Kapoor in TIME100/AI list
India’s Minister of Electronics and Information Technology Ashwini Vaishnaw, Bollywood actor Anil Kapoor, Google and Alphabet CEO Sundar Pichai, Microsoft CEO Satya Nadella, Amba…
Adani Group plans to raise $1.5 billion through dollar bond sales
The sale will be done under the group’s renewable energy and power arms, Adani Green Energy and Adani Energy Solutions, by the end of February 2025 New Update Listen to this…
India may soon beat China as most influential emerging market
India’s weightage in Morgan Stanley Capital International’s Emerging Market Index has surged to 19.8% in August and the gap with China is narrowing New Update Listen to this…
With oil prices at lowest since January, will consumer benefit?
India’s crude purchase price is dictated by Benchmark Brent crude, which has touched a low of $73.58 dictated by several international factors New Update (pic for representation)…
High loan deposit ratio of banks not a worry: Motilal Oswal research
India’s banking system has a high loan deposit ratio of 77.2 per cent but there is no reason to worry, said a Motilal Oswal Financial Services research note New Update (pic for…
India’s services activity reaches five-month high in August 2024
India’s services activity reached a five-month high in August, with the HSBC India Services Business Activity Index registering a PMI of 60.9 New Update (pic for representation)…
Adani Enterprises launch bond sale for individuals; to raise Rs 8 bn
60% amount is earmarked for retail and high net-worth investors, 30% for non-institutional buyers including corporates and 10% for institutional investors New Update Listen to…
India’s 4 in 50 Best Chicken Dishes; Chicken Tikka Masala stirs debate
Butter Chicken is at number 4, Tikka at 6, Chicken 65 at 10 and Tandoori Chicken at 18. Mention of Chicken Tikka Masala as a UK dish has cooked up a storm New Update Chicken Tikka…
Adani Wilmar looks to buy three FMCG brands in $1 billion deal
Billionaire Gautam Adani’s FMCG unit could buy companies based in South and East India, to boost presence in the packaged consumer goods market New Update Listen to this article…
India’s GST collection Rs 1.75 lakh crore in August; up by 10%
Gross GST revenue in August from domestic transactions reached Rs 1.25 lakh crore while gross GST revenue from imports amounted to Rs 49,976 crore New Update (pic for…
E-commerce export hubs to add 2.25-2.75 lakh jobs: Team Lease study
Government’s plan to launch 50 e-commerce export hubs could boost employment by adding 2.25 lakh-2.75 lakh jobs, apart from augmenting export capacity New Update Listen to this…
Air India-Vistara merger: Singapore Airlines’ $276 mn investment okayed
Indian government has approved a $276 million investment by Singapore Airlines in the new Air India Group to be formed after merger of Air India and Vistara New Update Listen to…
Adani invests Rs 2,000 cr in Dharavi project; construction in 6-8 months
The Adani Group is investing Rs 2,000 crore in the Dharavi Redevelopment Project (DRP), Asia’s biggest slum redevelopment initiative spread across 640 acres in Mumbai. Work on the…
Mukesh Ambani at AGM: Reliance considering bonus share in 1:1 criterion
Reliance Industries Limited (RIL) Chairman Mukesh Ambani has announced plans to allot a bonus issue for shareholders in a 1:1 criterion. Soon after Ambani made the announcement at…
Gautam Adani pips Mukesh Ambani as wealthiest Indian; SRK in Rich List
Gautam Adani replaced Mukesh Ambani as the richest Indian on Hurun India Rich List for 2024, while Bollywood superstar Shah Rukh Khan made his debut on the list that shows India…
UPI use to reach 439 billion by FY29: PwC India report
Unified Payments Interface use in India is estimated to hit 439 billion by the fiscal year 2028-’29 from its current count of 131 billion, a PwC India report says New Update (pic…
FinMin nod to Paytm Payments for ‘downstream investment’ from One97
Paytm Payments Services said in an exchange filing on Wednesday it had obtained Finance Ministry approval for “downstream investment” from One97 Communications New Update Listen…
‘India’s UPI could link with select US banks for fast payments’
India’s Unified Payments Interface (UPI) could be linked with select private banks in the United States to expedite payment processes, Christopher Waller, member of the Federal…
Adani in talks to buy Anil Ambani’s Reliance Power project in Butibori
Adani Power is in talks to buy the 600MW thermal power project in Butibori, Nagpur, owned by Anil Ambani’s now-insolvent Reliance Power Limited New Update Gautam Adani (L) and…
GST Council meet on Sep 9 may discuss rate rejig: FM Nirmala Sitharaman
"A short discussion on rate rationalisation” of the all-inclusive indirect tax may happen at the 54th GST Council meeting on September 9,” Sitharaman said New Update Listen to…
India’s most active real estate micro market is Dombivli: Anarock
India’s most active micro market, in terms of new real estate projects between 2019 and the first half of 2024, is Dombivli in the Mumbai Metropolitan Region (MMR), according to a…
RBI’s Unified Lending Interface to redefine lending in India
The Reserve Bank of India’s (RBI) plans to launch a Unified Lending Interface (ULI) all across the country is aimed at transforming the lending sector in the same way as the…
Paytm: SEBI showcause not a new development
Paytm on Monday said, contrary to media reports, the SEBI showcause notices to founder-CEO Vijay Shekhar Sharma and board members was an old incident New Update (image courtesy:…
India could ban Telegram for role in criminal activities: Report
The app’s lack of content moderation reportedly leads to failure in preventing criminal activities, a reason Telegram founder-CEO Pavel Durov was arrested in Paris New Update…
India’s B2C e-commerce startups saw 200% funding growth in Q2 2024
Funding for B2C e-commerce startups in India scaled $1.6 billion quarter-on-quarter between April and June 2024, says a new report by Tracxn New Update (pic for representation)…
WhatsApp allows real-money gaming ads in India, but no alcohol ads
Facebook parent company Meta updated its WhatsApp Business messaging policy to allow real-money online gaming and over-the-counter drugs advertisements New Update Listen to this…
SEBI bans Anil Ambani for 5 yrs, fines Rs 25 cr; ADAG shares down 14%
Shares of the Anil Dhirubhai Ambani Group (ADAG) dropped up to 14 per cent on Friday after the Securities and Exchange Board of India (SEBI) banned industrialist Anil Ambani and…
Income Tax Act to be overhauled by FinMin’s 5-member committee
The government will initiate steps to amend the Income Tax Act before the next Union Budget in February 2025, based on the committee’s report New Update (pic for representation)…
AI: 73% Indian brands working on regulations, says Adobe study
Only 21% brands said their customer experience has been exceptional but 82% admitted to recognising the benefits of using AI for content creation New Update (pic for…
Gautam Adani to hire top auditors and CEO for revamp of family offices
The decision aims at ensuring transparency in how the Adani Groups runs its business, and is prompted by last year’s Hindenburg Research attack New Update Listen to this article…
Mobile phone exports up 39% in first 4 months of FY25, led by iPhone
Cellphone exports hit $6.49 billion in the first four months of the fiscal year 2024-’25, primarily driven by iPhones that Apple makes in India New Update iPhone exports were…
India’s steel prices go down, driven by high import and drop in export
Volume of steel imported by India between April and July in FY25 was 2.69 million metric tons, while the country exported 1.57 million tons of the alloy New Update (pic for…
India’s e-commerce growth a matter of concern, not pride: Piyush Goyal
India’s e-commerce growth is a “matter of concern” and not a “matter of pride”, Union Minister of Commerce Piyush Goyal said on Wednesday at the launch of a report on the ‘Net…
India’s Amul is strongest food brand in the world
Amul is the strongest food brand in the world, Nestlé is the world’s most valuable food brand while Coca-Cola tops the non-alcoholic drinks chart New Update Listen to this article…
Reliance-Disney $8.5bn merger could harm competition: CCI
The Competition Commission of India (CCI), after an assessment, on Tuesday warned that the ambitious $8.5-billion India merger between Reliance and Walt Disney could harm the…
RBI predicts rural economy will pick up, attract private investment
The Reserve Bank of India’s State of the Economy Report says rise in income is driving resurgence in rural consumption, which renders impetus to demand New Update (pic for…
Adani Group: Have enough liquidity to repay debts for 30 months
The Adani Group has issued a statement saying billionaire Gautam Adani’s conglomerate has enough liquidity to take care of debt payments for 30 months. The group said gross debt…
Domestic air traffic rises to 12.9 million YoY in July, up 7.3%: DGCA
July 2024 numbers are, however, lesser than those of June this year, when domestic airlines ferried 13.206 million passengers, says data from DGCA New Update (pic for…
India’s total registered investors rose to 10 crore in August: NSE
Rise in digitisation, investor awareness and improved market access are among reasons driving increased market participation, the NSE report says New Update Listen to this article…
Adani Group Q1 FY25: EBITDA hits Rs 22,570 crore at 32.87% YoY
The Core Infrastructure platform, adding over 80%, includes Adani Power, Adani Total Gas, Adani Energy Solutions, Adani Green Energy and Adani Ports & SEZ New Update Listen to…
Assembly election dates for J&K and Haryana announced
Assembly election dates for Jammu and Kashmir as well as Haryana were announced on Friday, August 16. While Jammu and Kashmir goes to polls in three phases on September 18,…
Income tax dues hit Rs 43 tn, CBDT to identify top 5,000 defaulters
Income tax arrears rose to Rs 43 trillion on April 1, 2024, from Rs 24 trillion year on year. Of this, net collectible arrears are Rs 16.69 trillion New Update (pic for…
Bangladesh: Adani ‘committed’ to export power even as India rejigs rule
New rule lets power manufacturers with 100% export contract to sell in domestic market, too. Adani Power’s Godda plant exports entirely to Bangladesh New Update Listen to this…
RBI's new guidelines on investment applicable from January 1
Depositors will be allowed to withdraw entire amount within 3 months, RBI’s circular revising regulatory framework for investing in HFC and NBFC said New Update Listen to this…
India’s telecom authority seeks to end spam calls, blacklist offenders
Telecom Regulatory Authority of India (TRAI) has issued a directive to service providers seeking an end to all calls from unregistered telemarketers New Update (pic for…
India closing gap with China on MSCI index, aiming for $3bn inflows
India is on verge of closing in on China according to the analysis of MSCI index. This is an outcome of the country’s MSCI Global Standard Index scaling a record high even as…
India’s smartphone share up 7.2% YoY, reaches 69mn devices in 1H24
India’s smartphone market share increased 7.2 per cent year on year, with manufacturers in the country shipping around 69 million devices in the first half of 2024, according to…
Adani stocks: MSCI lifts curbs in August 2024 index review
Global index aggregator Morgan Stanley Capital International (MSCI) announces removal of restrictions on Adani Group stocks in its August 2024 index review New Update Listen to…
India’s retail inflation drops to 3.54% in July, marking 5-year low
The drop is due to moderation in food price rise, which fell from 9.4% in June to 5.4% in July, according Ministry of Statistics & Programme Implementation New Update (pic for…
Bangladesh: Central bank limits cash withdrawal, affects businesses
The Bangladesh Bank, which is the nation’s central bank, has limited withdrawal of cash from banks to 2 lakh Bangladeshi taka in the wake of political chaos New Update Listen to…
US is India’s top FPI contributor in FY24, Luxembourg 2nd: SEBI
Highest Foreign Portfolio Investors that India attracted in the fiscal year 2023-’24 were from the US, followed by Luxembourg and Canada, says SEBI report New Update Listen to…
Bangladesh: Indian firms cautiously get back to business
The effort to restore peace continues in Bangladesh on Friday after Nobel laureate Muhammad Yunus was sworn in as head of the nation’s interim government the day before. Yunus’…
Ambani biz equals 10% of India’s GDP, Adani most valued 1st gen family
The Ambani family business is roughly equivalent to 10 per cent of India’s GDP, going by estimates of the Barclays-Hurun India list of Most Valuable Family Businesses in the…
1 in 3 online buyers below 25, vernacular language use up 162%: Meesho
Meesho’s Smart Shopper Report is based on shopping patterns on the platform in the first half of 2024, and takes into account 80% of India’s online shoppers New Update (pic for…
‘Misquoted’: Adani Enterprises clarification on Gautam Adani interview
Adani Enterprises statement to the exchanges said Gautam Adani “has been misquoted concerning heirs and equal beneficial interest in the family trust” New Update Listen to this…
Bangladesh: Nobel winner Yunus to lead interim govt, says president office
Nobel laureate Muhammad Yunus will lead Bangladesh’s interim government that has been backed by the nation’s military, it was announced early on Wednesday by Joynal Abedin, press…
Bangladesh crisis: India’s trade scene not to be hit, says S&P Global
The Bangladesh political crisis that has led to violent riots is unlikely to have an effect on India’s overall trade situation in the rest of the fiscal year 2024-’25, said S&P…
Bangladesh: Nobel winner Yunus is Chief Adviser, students dictate new govt
With Sheikh Hasina resigning as Bangladesh Prime Minister and seeking refuge in India, all eyes are now on Nobel laureate Dr. Muhammad Yunus, who has been nominated Chief Adviser…
Google Pay, PhonePe, Amazon Pay want to be part of RBI’s e-rupee plan
Payment firms including PhonePe, Google Pay and Amazon Pay want to be part of RBI’s digital currency trial by enabling transaction using the e-rupee New Update (pic for…
Govt warns iPhone, iPad and Mac users in India over security threat
New advisory by CERT-In says Apple devices face risk of information leak, security bypass, spoofing attack, illegal code execution and Denial of Service New Update (pic for…
Gautam Adani plans to retire at 70, transfer power to sons and nephews
62-year-old billionaire says will transfer control of business empire to two sons and two nephews by the early 2030s, according to Bloomberg New Update Gautam Adani’s conglomerate…
Maruti, Hyundai, Tata: India’s top 3 car makers see drop in July sales
Declining figures that Maruti Suzuki, Hyundai and Tata Motors recorded were in spite of discounts and attractive offers to prospective buyers New Update The industry is now…
India's GST collections at Rs 1.82 lakh cr in July; 3rd highest ever
Domestic trade activity grew 8.9 per cent in July this year while revenue from imports rose by 14.2 per cent, according to finance ministry data New Update (pic for…
India lifted 800 million people out of poverty “by use of smartphone”
Indian Prime Minister Narendra Modi’s JAM initiative, or Jan Dhan, Aadhar, and Mobile, was praised by UNGA President Dennis Francis in his speech New Update (pic for…
Credit card sales fall 45% YoY in June, slowest business since Oct '22
June 2024 saw banking sector sell 0.51 million credit cards while the figure was 0.93 million in June 2023, a report by brokerage firm Anand Rathi said New Update (pic for…
Infosys charged with GST evasion of Rs 32k cr, firm says all dues paid
Infosys received a pre-show cause notice from Karnataka State GST authorities for payment of tax worth Rs 32,403.46 crore from July 2017 to March 2022 New Update Listen to this…
SEBI may impose stricter inspection norms on FPIs with China links
Investors based in China and Hong Kong are known to enter India’s FPI trail using Mauritius and Singapore. SEBI plans to segregate FPIs to stop the trend New Update Listen to this…
RBI interest rates steady in August due to inflation: Poll
59 economists who took part in a Reuters poll said RBI would maintain a repo rate of 6.5%. Majority predicted first rate cut would happen in Q4 FY25 New Update Listen to this…
Adani Energy raises $1 billion through record share sale
Adani Energy raised $1 billion through a Qualified Institutional Placement issue that saw oversubscription thrice over with demand reaching Rs 26,000 crore New Update Listen to…
PM Modi: India will celebrate 100 yrs of Independence as Viksit Bharat
Prime Minister Narendra Modi on Tuesday said that India is set to be the third-biggest economy in the world and asserted that the nation would celebrate 100 years of Independence…
India’s digital economy to constitute 20% of nation’s GDP by 2026: RBI
The RBI’s Report On Currency And Finance For The Year 2023-’24 also noted India’s low data costs, UPI’s success story and potential of the eRupee New Update (pic for…
India’s UPI transactions grow 57% YoY in FY24
Unified Payments Interface transactions, or UPI, grew by 57 per cent year on year during FY24, says Boston Consulting Group Banking Sector Roundup FY24 New Update (pic for…
Adani Green Energy stock has potential to surge 75%: Jefferies
Adani Green Energy Limited stock could increase 75%, the investment banking firm Jefferies estimates, which could lead stock price to reach Rs 3,180 New Update (pic for…
India may draw up list of sectors for investments from China
Centre may allow permission for investments from China in specific sectors as long as there is no security risk and the money boosts local manufacture New Update Listen to this…
3 Indian attractions in Time list of world’s 100 greatest places to visit
Naar restaurant in Kasauli, Manam Chocolate factory in Hyderabad and Museum of Solutions in Mumbai are the three attractions from India that feature in Time magazine’s list of the…
Apple iPad likely to be made in Sriperumbudur, Tamil Nadu, soon
Contract manufacturer Foxconn likely to assemble iPad at company’s facility in Sriperumbudur, Tamil Nadu, soon in sync with India expansion plans New Update Listen to this article…
India to lose $1.4bn in a 24-hr net outage; US & China to be most hit
India would be the sixth impacted country in the world if a Crowdstrike-type internet outage were to last for an hour, according to research data released by CloudZero, and the…
Supreme Court upholds right of states to levy royalty on mineral tax
The verdict should prove beneficial to states such as Chhattisgarh, Jharkhand, Madhya Pradesh, Odisha, Rajasthan and West Bengal that are rich in ore New Update (pic for…
India may lift investment restriction on certain Chinese firms
Ministry of Commerce & Industry and security departments are considering option of lifting restrictions on Chinese firms to bolster domestic manufacture New Update Indo-China…
Adani Green Energy operationalises 250 MW wind power project in Kutchh
Adani Green Energy shares surged 2% on Wednesday after its subsidiary Adani Renewable Energy Forty One operationalised the project at Khavda in Kutchh New Update The on-shore wind…
India as a video market to hit $13bn in revenue by 2028, pushed by OTT
Economy of India’s video industry will grow at a rate of 8 per cent till 2028 powered by on-demand streaming, shows research data from Media Partners Asia New Update (pic for…
Budget impact: 7.8% cut in subsidy outlay for food, fuel & fertiliser
The overall subsidy amount for FY25, is Rs 3,81,175 crore while it was Rs 4,13,466 crore in FY24. Food, fuel and fertiliser see subsidies cut by 7.8% New Update (pic for…
India’s Budget 2024 for FY25: A quick guide
Union Finance Minister Nirmala Sitharaman presented Budget 2024 for the fiscal year 2024-’25, or FY25, in Lok Sabha on Tuesday. She started her speech, which lasted for a little…
India must create 78.5 lakh jobs annually till 2030 to meet demand
India needs to create around 78.5 lakh jobs in the non-farm sector on an average every year till 2030, says the Economic Survey for fiscal year 2023-’24 New Update Along with the…
India made 14% of all iPhones in FY24: Economic Survey
The survey, presented by Finance Minister Nirmala Sitharaman, noted the mobile phone industry saw maximum growth within the electronics sector New Update India manufactured 14% of…
Budget 2024: FM tables Economic Survey FY24 before D-Day
Finance Minister Nirmala Sitharaman presented the Economic Survey 2023-’24 (or FY24) in the Lok Sabha on Monday, a day before tabling the Union Budget 2024 for FY25. The Economic…
Budget 2024: AI analyst predicts nearly 2.5 lakh cr boost for railways
Indian Railway could receive budgetary impetus in the range of Rs 2-2.25 lakh crore, AI-enabled equity market analytics platform Jarvis has projected New Update There is the need…
Adani Group seeks to co-own Gujarat Titans stake in IPL
The Adani Group and the Torrent Group are in talks to co-own a majority stake of the Gujarat Titans cricket franchise, which is three years old in IPL New Update The Gujarat…
India’s electricity demand surges by 8 per cent in 2024
India’s electricity demand is up 8 per cent, driven by heatwaves, residential consumption and industry, says a report by International Energy Agency New Update Pan-India…
Budget 2024: 48% homes face a fall in earnings & savings, says survey
Rising costs of living have been outstripping the rate of growth in income across workplaces, the survey by research agency LocalCircles adds New Update Most respondents were…
Budget 2024: Modi 3.0 must lower fiscal deficit, says FICCI survey
The government should prioritise reducing India’s fiscal deficit target for FY25 from its current rate of 5.1%, says FICCI’s Economic Outlook Survey New Update The Union Budget…
As 6 states go to polls, farm loan waiver a risk for PSU banks: Report
6 states go to polls over the next 18 months, and farm loan waivers being promised could be risky proposition for public sector banks, IIFL Securities said New Update Total…
Budget 2024: Modi 3.0 must extend 15% tax sop for new units, says PwC
PricewaterhouseCoopers India suggests the Centre should continue giving new units a concessional corporate tax rate of 15% for at least 5 more years New Update The tax sop would…
Private equity investment in real estate up 15% to reach $3bn in H1 2024
Warehouse sector saw the biggest share at 52 per cent. Housing at 29 per cent and offices at 20 per cent followed, according to Knight Frank New Update Housing sector has been…
India’s aviation sees best first-half traffic ever in 2024 at 79.3 mn
Indian aviation industry transported a record 79.3 million passengers between January and June according data by Directorate General of Civil Aviation New Update The Tata group of…
India's GDP growth forecast raised to 7% for FY25 by IMF
International Monetary Fund updates its projected growth rate of India’s GDP for FY25 by 20 basis points to 7% from earlier prediction of 6.8% New Update On basis of calendar…
Budget 2024 unlikely to launch FAME-III: HD Kumaraswamy
FAME-III refers to the upcoming phase three of India’s Faster Adoption and Manufacturing of Hybrid and Electric Vehicles (FAME) incentive scheme New Update Asked if FAME-III would…
Liquor home delivery through BigBasket, Zomato, Swiggy may happen soon
New Delhi, Goa, Punjab, Haryana, Kerala, Tamil Nadu and Karnataka could allow online platforms deliver low-alcohol drinks as beer, wine and liqueurs New Update Currently, West…
Adani-Hindenburg saga: SC rejects plea seeking review of Jan 3 verdict
In January, SC dismissed a proposal to transfer the probe being conducted by SEBI into allegations against the Adani Group by Hindenburg to CBI or SIT New Update Listen to this…
India’s merchandise exports rise to $35.2bn in June: Commerce ministry
India’s merchandise exports rose to $35.2 billion in June 2024 from $34.32 billion in the same period last year, while imports rose to $56.18 billion New Update Chief among…
Zomato, Swiggy hike platform fee by 20% to Rs 6 per order
The raise seems minuscule but the overall profit is huge. Zomato delivers nearly 25 lakh orders daily and stands to garner extra income worth Rs 25 lakh New Update Swiggy and…
Budget Session: Govt may present bill to amend Insurance Act
With the proposed amendments in the Insurance Act of 1938, the Modi government intends to move closer to its goal of Insurance for All by the year 2047 New Update At present,…
Budget 2024 may focus on jobs, Viksit Bharat, 5.1% deficit: Morgan Stanley
The Morgan Stanley report on Budget 2024 expects the government to continue focussing on jobs, capex, social spending and PM Modi’s Viksit Bharat vision New Update Finance…
Relief to Adani Group: SC stays HC order asking govt to return grazing land
Supreme Court stays an earlier order by Gujarat High Court directing state government to return 108 hectares of grazing land near Mundra Port New Update Mundra Port is a part of…
65% of smalltown India now opts for digital payment: Survey
Transactions using UPI, cards and digital wallets have gained popularity all over India, says a survey by Kearney India and Amazon Pay India New Update Millennials, aged 25 to 43,…
India’s equity fund inflows hit Rs 406.08 billion in June: AMFI
Net inflows for equity mutual funds was around Rs 5.99 trillion from domestic investors and Rs 333.61 billion from foreign investors since February 2021 New Update June was the…
India now has 442 million online gamers, exceeds count in China: Study
The study revealed that the gaming industry will be worth Rs 25,300 crore by the end of the financial year, surging at 20 per cent year-on-year New Update A code of conduct is…
Budget 2024: Push to small businesses can boost jobs, says SBI bossman
Right impetus to small businesses can add $30 billion to GDP, said Soumyakanti Ghosh, SBI Chief Economic Advisor, in a note ahead of the Budget New Update PLI scheme has drawn…
Budget 2024: SBI seeks tax parity for bank deposits with other assets
The economic research department of the State Bank of India shared its latest report with the government ahead of the Union Budget on July 23 New Update CASA — or Current Account,…
Budget 2024: Modi 3.0 may focus on jobs & rural India, says Goldman Sachs
The Union Budget could “make a big picture statement about the long-term economic policy vision over the next several years,” feels Goldman Sachs New Update Finance Minister…
2024 likely to be hottest year, last month was warmest June: EU data
Every month since June 2023 was warmer compared with corresponding months in previous years since C3S has monitor climate change for European Union New Update There is a lot of…
India now among top 3 fintech fund raisers but investments dip in H1 2024
India is now one of the world’s top three fintech nations when it comes to garnering funds, along with the US and the UK, says Tracxn FinTech Report New Update Bengaluru leads…
PM Modi praises Rajnath Singh’s post saying defence manufacture rose 16.8%
PM Narendra Modi complimented all those who contributed to make India’s defence manufacturing sector grow 16.8% and reach Rs. 1,26,887 crore in FY24 New Update DRDO successfully…
Hindenburg promoted by I.N.D.I alliance, has Chinese connection: Top lawyer
Top Indian lawyer Mahesh Jethmalani has alleged that there is a “Chinese connection” behind last year’s Hindenburg Report that led to a $150-billion slump in Adani stocks, adding…
Housing sales hit 11yr high, cross 1.73 lakh units in 1st half of 2024
India’s real estate market witnessed the sale of 1,73,241 residential units across the country’s eight major cities during the first half of 2024, which marks an 11-year high…
Reliance Retail to bring back Chinese brand Shein to India: Report
Mukesh Ambani’s Reliance Retail is all set to sell Shein products through app and retail outlets, marking the label’s return 4 years after being banned from India New Update The…
Budget 2024 to boost trade and stocks: Bloomberg survey respondents
Survey participants feel India’s $5 trillion stock market could gain up to 20 per cent over the year, driven by corporate earnings and government spending New Update The Union…
Budget 2024: ASSOCHAM suggests key structural reforms to FM for growth
The Associated Chambers of Commerce and Industry of India, or ASSOCHAM, has made a few key recommendations to Finance Minister Nirmala Sitharaman for structural reforms and…
India’s top 18 states likely to hit Rs 38 trillion in revenues: CRISIL
A robust collection of GST would be one of the factors driving the growth while tax devolution from Centre would also contribute to the growth New Update Sales tax from petroleum…
India’s domestic EV market to be defined by Tier-2 cities
India’s Tier-2 cities could soon become the defining domestic market for electric vehicles, or EVs, a report by the research provider BloombergNEF (BNEF) says. The report is based…
Apple to launch India-specific features on iPhones with iOS 18
India’s multi-lingual identity will be the focus for Apple when they introduce a range of features on iPhone models with iOS 18 and customised for the country’s domestic market,…
Few Adani stocks up, Kotak Mahindra down 2% post Hindenburg reply to SEBI
Several stocks of the Adani Group saw a surge in trading while others performed flat on Tuesday, after the American short seller Hindenburg Research issued a note saying it had…
GST turns 7, FinMin says tax has ‘enhanced’ ease of living
India’s Goods and Services Tax, or GST, turned seven on Monday. The finance ministry took to the social media platform X to celebrate the tax that incorporated nearly 17 local…
India’s mobile phone exports surge as China and Vietnam’s numbers fall
India’s mobile phone exports grew by 40.5 per cent in fiscal year 2023-’24 while China’s share dropped by 2.78 per cent and Vietnam’s by 17.6 per cent New Update India’s exports…
India spends 3 & half times more on foreign travel than 5 yrs ago: RBI
Travel has generated 53.6 per cent of India’s remittance outflow in FY24. The figure is up from 1.5 per cent in FY14 and 35 per cent in FY19 New Update Rise in overseas travel is…
Global watchdog lauds India’s bid to curb laundering, terror funds
India has a “high level of technical compliance” to counter money laundering and terror financing, the Financial Action Task Force said on Friday New Update FATF made a special…
60% Indians watch video on phone than TV, ads led 41% to drop subscription
The ‘Perceptions of Ads on Streamers Survey 2024’ reveals 60% viewers prefer streaming content on mobile phones than on Smart TV, laptops or PCs New Update 66 per cent would…
In boost to India, govt bonds in JP Morgan global index
India is the world’s fifth-largest economy. The nation’s inclusion in JP Morgan’s 'Government Bond Index — Emerging Markets' will boost domestic markets New Update India’s…
With 24x7 shopping, night-time spending surges in India
Night-time spending in India has increased by 60 per cent in the past year with 7 states allowing retail stores and establishments to operate 24 hours New Update Food and beverage…
India’s Telecom Act comes into effect, strengthens govt control
The Telecommunications Act, 2023 replaces the Indian Wireless Telegraph Act of 1933 and the Indian Telegraph Act of 1885, and ushers key changes in telecom laws New Update The Act…
In growing green litigation numbers, India SC finds global recognition
SC passed order in April based on a petition demanding overhead lines, solar panels, wind turbines be taken down around habitats of the Great Indian Bustard New Update The report…
India likely to grow at 7.5% in FY25: NCAER
India’s FY25 growth would be at around 7.5 per cent, National Council of Applied Economic Research (NCAER) said in its monthly economic review for June New Update Bank credit…
Spectrum auction manages to raise just Rs 11,340 cr, ends in two days
The amount of Rs 11,340 crore is far below the minimum of Rs 96,238 crore the auction originally expected to raise from the sale of 10 GHz of spectrum New Update In all, the…
Exporters want government to develop an India-based shipping line
India’s exporters want the government to create an indigenous shipping line of international standard to cut shipping expenses and boost exports New Update FIEO data shows India…
Adani Group to invest Rs 1.3 trillion in portfolio companies
The FY25 capex of Rs 1.3 trillion would be 40 per cent higher for the ports-to-power conglomerate from Rs 700 billion in the previous fiscal year New Update Chairman Gautam Adani…
Water crisis could damage India’s sovereign credit strength: Moody’s
Water shortage could disrupt agriculture and industry, and lead to inflation in food prices while sparking social unrest, says Moody’s Ratings New Update Delhi and Bengaluru have…
India’s current account balance sees $5.7 bn surplus in Q4FY24: RBI
Current account balance saw a surplus of $5.7 billion during the quarter ending in March 2024, shows RBI data. The amount is 0.6 per cent of GDP New Update RBI report shows forex…
India’s domestic gold reserves rise to 53%
India’s gold reserves stored abroad dropped to 47 per cent at the end of March 2024, marking a six-year low. The RBI has been bringing back gold by the bulk to store in domestic…
74% Indians want super-rich to be taxed to fund inequality expenses: Survey
The survey by Earth4All initiative and Global Commons Alliance covering 22,000 respondents also showed 71 per cent Indians favour a universal basic income New Update Globally, 68%…
Gautam Adani draws Rs 9.26 cr salary in FY24, Adani Ports debuts on Sensex
Adani Group Chairman Gautam Adani earned a remuneration of Rs 9.26 crore in FY24, lesser than many key executives. Meanwhile, Adani Ports entered Sensex today New Update Gautam…
Indians aged 30 or more tend to save more than younger age groups
The aim of the Moneyview Savings Index 2024 survey was to understand how employed population in Tier-1, Tier-2, and Tier-3 cities of India handled earnings New Update Over 40 per…
India’s business sectors pick pace in June, job creation at 18-yr high
Growth in services and manufacturing sectors at the end of first quarter of this fiscal year signals a robust FY25 according to HSBC Flash India PMI survey New Update Job creation…
India’s tech startups raise $4.1 billion to regain lost funding ground
India's technology startups witnessed an upward trend in funding during the first half (H1) of 2024 compared to the second half (H2) of 2023, according to the India Tech…
India's OTT, TV, radio need credible measurement system: TRAI to I&B
TRAI has noted India’s current audience measurement system needs overhaul and suggested to I&B ministry the setting up of a transparent measurement system for OTT, TV and radio…
Adani Power share price jumps a day after Group’s $100bn energy plan
The stock jumped even as Sensex gained 106.23 points on Thursday and followed Gautam Adani’s announcement on Wednesday that he plans to invest over $100 billion in energy…
GST rates need rationalisation, feel taxpayers: Deloitte survey
India’s taxpayers want a rationalisation in rates of GST across sectors with focus on doing away with Inverted Duty Structure, a survey by Deloitte reveals New Update The survey…
India’s auto industry surges to Rs 10.2 lakh crore in FY24, at 19%
Rise in vehicle prices can be noticed across all segments and attributed to the fact that Indians go for higher, more expensive models across the board, the report said New Update…
India’s bank deposits surpass credit by Rs 1 lakh crore in May
While India's bank deposits in May expanded by Rs 2.7 lakh crore, or Rs 2.7 trillion, the total credit offtake for the month was Rs 1.7 lakh crore New Update On a year-on-year…
Adani Ports is world’s top services & transport op firm with $37bn mkt cap
Adani Ports moved 27 per cent of India's entire cargo stock in the fiscal year ending March 31, and 44 per cent container cargo, said a company statement New Update Adani Ports…
India's growth forecast for FY25 raised to 7.2% from 7% by Fitch
The American credit rating agency's latest estimate is in sync with that of the Reserve Bank of India (RBI), which had also pinned India’s growth rate at 7.2 per cent for FY25 New…
India’s AI blitz: Microsoft invests $3.7bn, Amazon to invest $12.7bn
Microsoft will invest $3.7 billion to set up data centres to provide 660 megawatts of IT capacity. Amazon plans to pump in $12.7 billion into Cloud infrastructure New Update The…
India has 2 more nuclear warheads than Pak, China’s stock rises to 500
India has two more nuclear warheads than Pakistan, while China’s stock has increased from 410 warheads in January 2023 to 500 in January this year, according to a report by…
India's banks seeing strongest profits, balance sheets in a decade: CLSA
A new report by the capital markets and investment group CLSA says Return On Equity (ROE) of the Indian banking sector is currently the highest, at 15 per cent, since the fiscal…
Mumbai remains costliest Indian city for expats, New Delhi is second
Mumbai retains position as India’s costliest city for expatriates with New Delhi at the second spot, while Chennai, Bengaluru and Hyderabad respectively complete the top five,…
Gautam Adani meets Bhutan PM & King, signs MoU for 570 MW green hydro plant
Adani Group chairman Gautam Adani had a meeting with Bhutan Prime Minister Tshering Tobgay, and signed an MoU with the nation’s Druk Green Power Corporation for a 570 MW…
India’s May 2024 exports up 9.1% to $38.13 bn but trade deficit widens
India is the third-largest economy of Asia after China and Japan, and grew at a rate of 7.8 per cent in the final quarter of FY24, propelled by a robust manufacturing sector New…
Adani Group gives order worth Rs 7,000 cr to BHEL for 2 power plants
The two supercritical thermal power plants will be constructed at Raipur in Chhattisgarh and Mirzapur in Uttar Pradesh, a statement by Bharat Heavy Electricals Limited said New…
India’s GDP to grow at 8% in FY25: CII
The GDP forecast of the Confederation of Indian Industry, or CII, is significantly greater than the Reserve Bank of India’s growth rate projection of 7.2 per cent for FY25 New…
India’s Tier-2 cities close in on metros as property rates rise 10-15%
Capital value of property in prime localities of Chandigarh Tricity, Kochi and Goa now nearly touch prices in areas of Delhi-NCR and Mumbai Metropolitan Region, a new report…
Four Indian companies among World’s most valued brands in 2024
TCS, HDFC Bank, Airtel & Infosys have made it to the World’s Top 100 list according to Kantar BrandZ Most Valuable Global Brands Report for 2024 New Update Tata Consultancy…
India’s banks, NBFCs well-placed to ride economic growth: Moody’s
India’s banks and non-bank finance companies (NBFCs) are “well placed to seize opportunities from the country’s strong economic prospects through higher lending in sectors such as…
IPL business value grew by 6.5% to $16.4 billion this year
The business value of Indian Premier League, or IPL, grew to $16.4 billion in 2024, according to a report by the American investment bank Houlihan Lokey, registering a 6.3 per…
India’s tech spending hits highest growth rate among APAC nations
India’s technology spending is estimated to scale $54.5 billion (approximately Rs 4.49 lakh crore) in 2024, according to Forrester’s ‘Asia Pacific Tech Market Forecast, 2023 to…
India to beat US as Earth's top developer nucleus by 2027: GitHub CEO
India is all set to beat the United States as the biggest community of developers on Earth by 2027, while the right convergence of the community with AI could drive an “economic…
India ranks 6th in employment outlook for September 2024 quarter
India is the sixth strongest nation globally in terms of employment outlook for the September quarter of 2024, a survey conducted across 42 nations by ManpowerGroup has found. The…
UP, Bihar, MP, Bengal top devolution from Centre in June
Of the five top recipients, only West Bengal is an Opposition state, governed by Mamata Banerjee’s Trinamool Congress party. During pre-poll campaign, Banerjee had alleged the…
India’s life insurance firms log Rs 27,034 cr in new premiums this May
New business premium collections saw a growth of 15.15 per cent in May 2024 compared to May last year, according to data released by the Life Insurance Council New Update Life…
India invested Rs 34,697 crore in equity mutual funds this May
India invested a record Rs 34,697 crore in equity mutual funds during May this year, which marks a growth of 83.42 per cent, according to a report by Association of Mutual Funds…
Modi 3.0 begins: Sensex & Nifty set lifetime records, PSU stocks rally
As Prime Minister Narendra Modi signed his first file upon assuming office for a record third term on Monday, India’s equity markets registered lifetime high surges in early…
Adani Airport Holdings sets record handling over 1 mn tonnes of cargo
Adani Airport Holdings Limited, or AAHL, has created a record by handling an unprecedented 10,13,115 metric tonnes of air cargo in the fiscal year 2023-’24 (FY24) New Update An…
Modi 3.0 team a “great blend of youth and experience”: PM after oath
Taking to the social media platform X, PM Narendra Modi said he would work with his Council of Ministers “to take India to new heights of progress” New Update President Droupadi…
Modi 3.0 to continue maintaining focus on infra sector
As PM Narendra Modi returns to office for a record third term, his new government will continue maintaining focus on infrastructure, allotting bigger spends for water, roads and…
Adani Power surge buoys markets, Solar keeps top slot
The Adani Group reaffirmed its status as India’s leading power and energy conglomerate on Friday. While shares of Adani Power rose 1.06 per cent in Friday’s trading session to…
India banking sector growth on, RBI faces liquidity woes: SBI Research
Among other conclusions the analysis draws is the observation that it is possible to attain growth rate of 7.5 per cent in FY25, with average inflation at 4.5 per cent New Update…