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India’s growth model can be a template for other nations: CEA Nageswaran
Business

India’s growth model can be a template for other nations: CEA Nageswaran

Johannesburg, Feb 27: India's developmental journey within a democratic and federal framework could serve as a model for other nations, according to Dr V. Anantha Nageswaran, Chief Economic Advisor (CEA) to the Indian government. Speaking at a seminar here attended by South African and Indian...
India job postings by Tesla shows renewed focus on country
Business

India job postings by Tesla shows renewed focus on country's growing EV market

New Delhi, Feb 25: The recent job postings by Elon Musk led Tesla across various roles highlights the American electric vehicle (EV) and clean energy company’s renewed focus on establishing a foothold in India’s rapidly growing EV market, a report showed on Tuesday. Tesla is ramping up its hiring...
UK-India Business Council upbeat as FTA talks get underway
Business

UK-India Business Council upbeat as FTA talks get underway

New Delhi, Feb 25: The UK-India Business Council on Tuesday welcomed the restart of the Free Trade Agreement (FTA) negotiations during UK Business and Trade Secretary Jonathan Reynolds' visit to India, which includes two days of meetings with Commerce and Industry Minister Piyush Goyal and his team....
India
Business

India's private sector companies post higher profits, lower debt: RBI

New Delhi, Feb 25: The operating profit margin as well as net profit margin of private sector corporates in India improved across major sectors during 2023-24 while their debt burden declined during the year, reflecting the growing financial strength, according to the latest data compiled by the...
SBI sets Net Zero emissions target for its centenary year in 2055
Business

SBI sets Net Zero emissions target for its centenary year in 2055

Mumbai, Feb 24: The State Bank of India (SBI) is targeting to be Net-Zero in emissions by 2055, the year the bank celebrates the centenary year of its existence, SBI Chairman Challa Sreenivasulu Setty said on Sunday. Setty's announcement came at the 'SBI Green Marathon Season 5' event which he...
Banks to play key role in attaining $350 billion target for Indian textile sector
Business

Banks to play key role in attaining $350 billion target for Indian textile...

Mumbai, Feb 24: Banks should play an important role in meeting the credit needs of textile sector, which supports 5.4 crore jobs and whose market size is targeted to grow from $172 billion to $350 billion by 2030, Textile Commissioner Roop Rashi has said. Rashi said we can reach this target before...
Adani Group to invest Rs 1.10 lakh crore in MP, to create 1.2 lakh jobs
Business

Adani Group to invest Rs 1.10 lakh crore in MP, to create 1.2 lakh jobs

Bhopal, Feb 24: India's leading integrated business conglomerate, Adani Group is set to make waves in Madhya Pradesh with a colossal Rs 1.1 lakh crore investment across diverse sectors like pumped storage, cement, mining, smart meters, and thermal energy. This monumental move promises to create over...
South Korea to secure 10,000 GPUs this year for national AI computing centre
Business

South Korea to secure 10,000 GPUs this year for national AI computing centre

Seoul, Feb 17: The government plans to acquire 10,000 high-performance graphics processing units (GPUs) within this year to accelerate the launch of a national artificial intelligence (AI) computing centre, acting President Choi Sang-mok said on Monday. As of the end of 2023, South Korea had...
Senior Seoul trade official departs for US to discuss Trump tariffs
Business

Senior Seoul trade official departs for US to discuss Trump tariffs

Seoul, Feb 17: South Korea's deputy trade minister departed for Washington on Monday to hold talks pertaining to new US tariffs and related trade policies under President Donald Trump, his office said. Deputy Minister of Trade Park Jong-won will meet with officials from the U.S. Department of...
Bharat Tex 2025: India becomes a reliable sourcing destination for global textile firms
Business

Bharat Tex 2025: India becomes a reliable sourcing destination for global...

New Delhi, Feb 15: India's 5F vision Farm to Fibre, Fabric, Fashion, and Foreign Markets has positioned the country as a reliable and sustainable sourcing destination for global textile companies, the government has said. In this context, ‘Bharat Tex 2025’ event features a comprehensive showcase of...
India 2nd largest fish producing country with 8 pc share in global fish production
Business

India 2nd largest fish producing country with 8 pc share in global fish...

New Delhi, Feb 15: India is the second largest fish producing country with around 8 per cent share in global fish production and during the financial year 2023-24, the country exported 17,81,602 metric tonnes (MT) of seafood worth Rs 60,523.89 crore, the government said on Saturday. The export value...
Corporate investment, ties in strategic industries keys to negotiation on US tariffs
Business

Corporate investment, ties in strategic industries keys to negotiation on US...

Seoul, Feb 14: South Korea must bring "bargaining chips" to the negotiation table with the United States, such as new investments in the US and bilateral cooperation in key strategic industries, to minimise the possible impact of "America First" trade policies and U.S. tariff hikes, local trade...
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