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Adani to finance Sri Lankan Port project on its own, withdraws request for US DFC funding
Business

Adani to finance Sri Lankan Port project on its own, withdraws request for US...

Mumbai, Dec 11: The Adani Ports and Special Economic Zones (APSEZ) Ltd on Tuesday said it will use its own resources to fund a Sri Lankan port project and not seek US funding. In a stock exchange filing, Adani Ports said the project "is on track for commissioning by early next year”. “We would like...
We value Amazon
Business

We value Amazon's efforts to empower businesses from urban centres to rural...

New Delhi, Dec 10: Union Minister of Road Transport and Highways, Nitin Gadkari, said on Tuesday that the government values Amazon's efforts to leverage its logistics expertise across India, empowering businesses from urban centres to rural areas, as the e-commerce giant announced a series of...
Indian ESDM industry projected to surpass Rs 9 lakh crore by FY28
Business

Indian ESDM industry projected to surpass Rs 9 lakh crore by FY28

New Delhi, Dec 10: The Indian electronics system design and manufacturing (ESDM) industry, valued at about Rs 2.09 lakh crore in FY23, is estimated to reach Rs 9.09 lakh crore by FY28E, at a compound annual growth rate (CAGR) of 34 per cent, a report said on Tuesday.The key growth drivers include...
India’s retail inflation likely to ease: Report
Business

India’s retail inflation likely to ease: Report

New Delhi, Dec 10: India’s retail inflation based on the Consumer Price Index (CPI) is expected to ease to 5.5 per cent in November due to a decline in food prices, according to a Morgan Stanley report."We expect CPI inflation to edge downwards to 5.5 per cent in November from 6.2 per cent in...
India, Norway forge deeper economic ties, plan to launch startup bridge
Business

India, Norway forge deeper economic ties, plan to launch startup bridge

Mumbai, Dec 9: Union Commerce and Industry Minister Piyush Goyal on Sunday proposed to launch a startup bridge between Norway and India, as the two countries discuss various ways to boost trade ties. Norwegian Ambassador to India, May-Elin Stener, suggested that the startup initiative could be...
Centre’s millet scheme is boosting farmers’ incomes: Minister
Business

Centre’s millet scheme is boosting farmers’ incomes: Minister

New Delhi, Dec 9: The Centre’s scheme to promote millet-based products has boosted local production and procurement of agricultural produce, which has benefited farmers, Minister of State for Food Processing Industries, Ravneet Singh Bittu informed the Rajya Sabha on Monday.Thirty beneficiaries were...
India’s surging FDI inflows surpass $1,000 billion milestone in last 4 years
Business

India’s surging FDI inflows surpass $1,000 billion milestone in last 4 years

New Delhi, Dec 9: Foreign Direct Investment (FDI) inflows into India in the period between April 2000 to Sept 2024 have soared to $1,033.40 billion mark, reflecting the increasing investment opportunities in the country’s fast-growing economy, as per figures compiled by the Department for Promotion...
Allen Career Institute clocks over 44 pc profit drop at 135.9 crore in FY24
Business

Allen Career Institute clocks over 44 pc profit drop at 135.9 crore in FY24

New Delhi, Dec 7: Allen Career Institute has registered more than 44 per cent decline in profit at 135.9 crore in the last financial year (FY24), compared to Rs 243.7 crore in FY23. The steep profit loss occurred due to higher spending and rising expenses. The offline professional education...
Indian stock market maintains positive outlook as RBI turns more realistic
Business

Indian stock market maintains positive outlook as RBI turns more realistic

Mumbai, Dec 7: Amid a positive turnaround from foreign institutional investors (FIIs) to India, the Indian stock market maintained a positive outlook throughout the week as the core sector output in October and stability in service PMI data showed signs of recovery, experts said on Saturday. FIIs...
India clocks impressive 67 pc growth in total exports in 10 years
Business

India clocks impressive 67 pc growth in total exports in 10 years

New Delhi, Dec 7: As demand for Indian products in the global market surges across categories, the country’s total exports reached about $778 billion in FY2023-24, compared to $466 billion in FY2013-14 a whopping 67 per cent growth. India’s share in world merchandise exports also improved from 1.66...
RBI lowers GDP growth forecast to 6.6 pc
Business

RBI lowers GDP growth forecast to 6.6 pc

New Delhi, Dec 6: The Reserve Bank has scaled down its forecast for India’s GDP growth for 2024-25 to 6.6 per cent from 7.2 per cent earlier, RBI Governor Shaktikanta Das announced on Friday. He explained that the decision had been made as the growth in real GDP in the second quarter of this year at...
CRR cut to support growth, repo rate decision on expected lines: Industry
Business

CRR cut to support growth, repo rate decision on expected lines: Industry

New Delhi, Dec 6: The RBI’s decision to cut the cash reserve ratio (CRR) by 50 bps would help support growth, after the revision in the GDP forecast for FY25, industry experts said on Friday. The Central Bank’s monetary policy committee (MPC) slashed the CRR for banks by 0.5 per cent to make more...
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