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Indian food services market to reach Rs 10 lakh crore by 2030: Report
Business

Indian food services market to reach Rs 10 lakh crore by 2030: Report

New Delhi, July 3: The food services market in India is poised to grow at 10-12 per cent annually over the next seven years, reaching Rs 9-10 lakh crore by 2030, a report showed on Wednesday. The food services market in India, which encompasses dining out and ordering in, is currently valued at Rs...
India records sharp decline in share of imported coal in last 10 years as local production rises
Business

India records sharp decline in share of imported coal in last 10 years as local...

New Delhi, June 28: India has registered a sharp decline in the share of imported coal over the last 10 years with the compound annual growth rate (CAGR) of coal imports coming down from 21.48 per cent recorded between 2004-05 and 2013-14 to a mere 2.49 per cent for the period between 2014-15 to...
Global Capability Centres to employ 2 million, generate up to 80bn revenue in next 2 years in India
Business

Global Capability Centres to employ 2 million, generate up to 80bn revenue in...

New Delhi, June 28: Global Capability Centres (GCCs) in India could employ 2 million people with a revenue of up to $80 billion in the next two years, a report showed on Friday. The country currently has more than 1,580 GCCs, employing 1.66 million people, as companies navigate the complexities of...
NSE warns investors against individuals promising assured returns in stock market
Business

NSE warns investors against individuals promising assured returns in stock...

New Delhi, June 28: The National Stock Exchange (NSE) issued an advisory on Friday, cautioning investors of certain individuals promising assured returns on investment in the stock market. The exchange said in a statement that investors are cautioned and advised not to subscribe to any such scheme...
GIFT Nifty hits record monthly turnover of $95.5 billion for June
Business

GIFT Nifty hits record monthly turnover of $95.5 billion for June

New Delhi, June 29: GIFT Nifty, which are traded on the National Stock Exchange (NSE), recorded a new milestone of achieving an all time high monthly turnover of $95.55 billion (about Rs 7,97,714 crore) as on June 27. This surpassed its previous record of $91.73 billion set in May. The benchmark...
Data centre capacity in India to double by FY25, sovereign cloud infra must: Experts
Business

Data centre capacity in India to double by FY25, sovereign cloud infra must:...

Mumbai, June 29: The development of 'Made in India' sovereign cloud infrastructure will enhance national security and resilience, industry experts have said, as the data centre capacity in the country is likely to double from 870 MW in FY22 to about 1,700-1,800 MW by FY25. The country currently has...
Centre speeds up industrial corridor projects worth Rs 8,175 crore
Business

Centre speeds up industrial corridor projects worth Rs 8,175 crore

New Delhi, June 27: The Centre has given the finishing touches to four projects under the National Industrial Corridor Development Corporation (NICDC) pertaining to the development of Integrated Manufacturing Clusters (IMCs) in Uttar Pradesh's Agra and Prayagraj, Hisar in Haryana and Gaya in Bihar...
Will help 5 lakh MSMEs onboard ONDC, half of them women-led enterprises: Minister
Business

Will help 5 lakh MSMEs onboard ONDC, half of them women-led enterprises:...

New Delhi, June 28: In a bid to empower micro, small and medium enterprises (MSMEs), the government has announced an initiative to onboard five lakh MSMEs on to the Open Network for Digital Commerce (ONDC). The initiative, called 'MSME TEAM', aims to provide financial assistance for onboarding,...
Thales inks pact with Adani Defence to manufacture 70mm rockets in India
Business

Thales inks pact with Adani Defence to manufacture 70mm rockets in India

New Delhi, June 28: In a major fillip to the government's local manufacturing push, Adani Defence & Aerospace the defence arm of the Adani Group has signed an agreement with the Thales Group to manufacture 70mm rockets in India. Thales said that this partnership is not only significant for their...
PM Gati Shakti scheme has scaled up India’s infra, spurred growth: Morgan Stanley
Business

PM Gati Shakti scheme has scaled up India’s infra, spurred growth: Morgan...

New Delhi, June 28: Global investment bank and financial company Morgan Stanley has stated that the PM Gati Shakti scheme has succeeded in giving a new fillip to India’s infrastructure development and multi-modal connectivity across highways, railways and ports that has spurred economic growth....
Exchange Rate Automation Module ops to start on July 4, exporters & importers to benefit
Business

Exchange Rate Automation Module ops to start on July 4, exporters & importers to...

New Delhi, June 28: The Central Board of Indirect Taxes and Customs (CBIC) has issued a circular for the launch of the Exchange Rate Automation Module (ERAM) with effect from July 4 to enhance trade facilitation for exporters and importers. “The automated system of ascertaining and publishing the...
Rs 11,340 crore revenue received via auction of 141.4 MHz spectrum: Centre
Business

Rs 11,340 crore revenue received via auction of 141.4 MHz spectrum: Centre

New Delhi, June 26: The government on Wednesday said it received Rs 11,340 crore through auction of a total quantum of 141.4 MHz spectrum. This year, auction has seen activity in 900MHz, 1800MHz, 2100MHz and 2500 MHz bands. Bharti Airtel spent the most at Rs 6,856.76 crore to buy spectrum in 900...
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