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Business
Horticulture production in India pegged at 353.19 million tonnes in 2023-24:...
21 Sep 2024 8:38 AM GMT
New Delhi, Sep 21: The horticulture production in the country is estimated to reach about 353.19 million tonnes in 28.98 million hectares area in 2023-24, the new government data showed on Saturday. The production of fruits, honey, flowers, plantation crops, spices and aromatics and medicinal plants...
Business
Zoho CEO denies reports about investing in Odisha for Rs 3,034 crore chip plant
20 Sep 2024 7:02 AM GMT
New Delhi, Sep 20: Cloud software major Zoho’s Co-founder and CEO, Sridhar Vembu, on Friday denied reports about investing in Odisha for a Rs 3,034 crore semiconductor plant. Earlier reports claimed that Silectric Semiconductor Manufacturing Pvt Ltd, formed by the directors of Zoho, plans to...
Business
‘Make in India’ iPhone 16 hits market, thousands queue up to own new Apple...
20 Sep 2024 7:01 AM GMT
New Delhi/Mumbai, Sep 20: It was a 'wow moment' for thousands of Apple lovers in India on Friday as they started receiving ‘Make in India’ iPhone 16 at Apple BKC in Mumbai and Apple Saket in New Delhi and Apple along with at other Apple Authorised resellers stores amid long queues since early...
Business
ADB approves $500 million loan to boost Indonesia's energy transition
20 Sep 2024 6:53 AM GMT
Manila, Sep 20: The Asian Development Bank (ADB) on Friday said it has approved a policy based loan of $500 million to accelerate Indonesia's transition towards sustainable and clean energy. The Affordable and Sustainable Energy Transition Program will support various policy measures for the country...
Business
Yogi govt to purchase 120 e-buses for enhanced public transport in UP
19 Sep 2024 7:07 AM GMT
New Delhi, Sep 19: The Government of Uttar Pradesh will purchase 120 electric buses which will operate across Lucknow, Aligarh, Moradabad, Ayodhya, and Gorakhpur. Under the directives of UP Chief Minister Yogi Adityanath, the process to add 120 electric buses in addition to 100 buses to the fleet of...
Business
US Fed cuts interest rate by a half percentage point
19 Sep 2024 7:04 AM GMT
Washington, Sep 19: The US central bank on Wednesday announced a large half percentage point cut in the interest rate, the first reduction in four years. It comes down from 5.35 per cent to between 4.75 per cent and 5 per cent. "Recent indicators suggest that economic activity has continued to...
Business
India becomes 3rd global cross-border capital destination for land, development...
19 Sep 2024 6:45 AM GMT
Mumbai, Sep 19: India rose to third place in the list of global cross border capital destinations for land and development sites in the first half of 2024, a report showed on Thursday, adding that investments in Indian real estate sector will remain steady. With $3.5 billion of inflows in the...
Business
15 mn kirana stores in India embracing digital innovation via eB2B platforms:...
18 Sep 2024 8:40 AM GMT
Bengaluru, Sep 18: Over 15 million kirana stores in India, long relied on fragmented, traditional trade-distribution models, are embracing digital innovation through eB2B ecommerce led business to business platforms, fuelling rapid growth and operational efficiency in the sector, a report said on...
Business
IPO market boom: India held highest share globally in first half of 2024
18 Sep 2024 8:38 AM GMT
New Delhi, Sep 18: India's equity market witnessed highest Initial Public Offerings (IPO) globally due to strong domestic inflow in the market, according to a report. Wealth management firm Angel One Wealth said, "In the first half of 2024, more than 5,450 companies have been listed across the...
Business
Amazon appoints Samir Kumar as India operations head
18 Sep 2024 8:31 AM GMT
New Delhi, Sep 18: E-commerce giant Amazon on Wednesday appointed Samir Kumar as the country manager for India after the abrupt exit of Manish Tiwary. Kumar, an Amazon veteran since 1999, is expected to assume operational responsibilities for India starting October 1, according to a company update...
Business
Climate resilient policies vital, says Naidu; greets PM at renewable energy meet
16 Sep 2024 10:28 AM GMT
Amaravati, Sep 16: Andhra Pradesh Chief Minister, N Chandrababu Naidu who met Prime Minister Narendra Modi at the 4th Global Renewable Energy Investor's Meet in Gandhinagar on Monday, stated that it was imperative to devise climate-resilient strategies for the energy sector. CM Naidu, whose Telugu...
Business
Meal kit brand KOOK achieves 10x revenue growth in 12 months
16 Sep 2024 10:27 AM GMT
Mumbai, Sep 16: KOOK, a leading brand in the ready-to-cook meal kit industry, has announced a tenfold increase in monthly revenue, surging from Rs 5 lakh to Rs 50 lakh over the past year. This substantial growth highlights a thriving market and a notable shift in consumer preferences towards...
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