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As Donald Trump returns as the next US President, India could actually bolster its position in global supply chains, particularly in technology sectors like AI and semiconductors, due to previous investments and policy shifts such as the "China+1" strategy, according to a report on Saturday. The potential for higher US corporate tax cuts may enhance IT spending, benefiting Indian IT companies, according to the report by Motilal Oswal Private Wealth (MOPW). &ldq...
India under Trump 2.0 could bolster its position in global supply chains
India’s premium seafood and vibrant wine industry has grown substantially, with seafood exports alone reaching $7.3 billion in value and 17.81 lakh metric tonnes in volume, the government said on Saturday. At an event hosted by the Embassy of India in Brussels, India’s finest culinary offerings in wine and seafood were showcased to business leaders, trade bodies, marine foods importers, government trade agencies, and members of the diplomatic community. It was organise...
India`s seafood, wine industry grows substantially as exports surge: Centre
The Trade and Economic Partnership Agreement (TEPA) has the potential to boost 99.6 per cent of Indian exports with market access to European Free Trade Association (EFTA) countries and drive $100 billion investment, the government said on Saturday. This was conveyed during the visit of a delegation led by Sunil Barthwal, Secretary, Department of Commerce to Norway on Friday, aimed at furthering the objectives of TEPA which was signed in March this year. The Commerce Secretary hig...
India-EFTA trade pact to drive $100 bn investment, boost 99.6 pc of exports
Buoyed by robust local manufacturing of electronics products, especially mobile phones, the government is reportedly planning to soon roll out incentives worth billions of dollars for domestic companies to manufacture deeper components. The upcoming scheme is likely to provide incentives for manufacturing critical components such as printed circuit boards (PCBs) for devices such as laptops and foster deeper local supply chains, according to reports, citing government sources. The ...
India may roll out scheme worth billions of dollars to boost local electronics production
Commerce and Industry Minister Piyush Goyal on Friday urged the private sector to step up investments in high technology and sunrise sectors by leveraging the incentives offered under the government’s Rs 1 lakh crore fund to promote innovation. Addressing the India Ideas Conclave here, the minister highlighted that research and innovation remain key pillars in India’s journey towards Viksit Bharat. “To encourage private sector participation in deep tech and sunri...
Piyush Goyal urges India Inc to focus more on hi-tech sunrise sectors
Six pharma companies will invest Rs 5,260 crore to set up their manufacturing units in Telangana, it was announced on Friday. The government will allocate land for the establishment of the new pharma manufacturing units in the Pharma City. The MoUs in this regard were signed by representatives of the companies and the state government officials in the presence of Chief Minister A. Revanth Reddy on Friday. Six companies expressed their interest to invest more than Rs 5,260 crore...
Six pharma companies to set up their units in Telangana
The Coal Ministry executed the mining agreements for three coal blocks with successful bidders on Friday. The event marked the successful auctions of 104 coal blocks till date, since the launch of the new commercial coal mining policy in the country by Prime Minister Narendra Modi. The total annual revenue generation from these 3 coal blocks under commercial auctions is estimated at around Rs 2,709.95 crore considering production at an aggregated Peak Rate Capacity level of 27....
Centre completes auction of 3 coal blocks, to yield annual revenue of Rs 2,710 crore
The Indian logistics, e-commerce, FMCG and consumer durables sectors saw a noticeable surge in workforce growth this festive season, and quick commerce saw substantial growth during the Diwali gifting period, with a 25-30 per cent increase in workforce compared to regular months, said a report on Friday. The industry’s rapid expansion continues post-festive season, with platforms planning to double their dark stores by March 2025, workforce expansion is expected to surge by 60 ...
Quick commerce workforce expansion to surge by 60 pc in India
Haryana's Minister of Industry and Commerce and Foreign Cooperation Rao Narbir Singh asked the entrepreneurs of Korea to invest in Haryana. “The Haryana government will provide full support to the investors,” said the minister while addressing more than 70 delegates from Korea at the ‘Haryana-Korea Business Connect’ dinner program hosted by Korea Herald in Gurugram. He added that Haryana is adjacent to Delhi on three sides and the possibilities of progr...
Haryana Minister urges Korean entrepreneurs to invest in Haryana
Driven by exceptionally high growth in exports of 'aircraft, spacecraft, and parts', 'ships, boats, and floating structures', Indian engineering exports crossed $10 billion in October 2024 for the first time in the current financial year. Engineering goods worth US$11.19 billion were shipped in October this year, a 38.53 per cent year-on-year rise compared to $8.08 billion in the corresponding month last year. The share of engineering in overall merchandise exports...
Engineering goods exports shoot past $10 bn in Oct, US & EU top markets
U.S. private equity firm Advent International has signed a deal to sell Indian packaging company Manjushree Technopack to PAG for an enterprise value of close to $1 billion, two sources with direct knowledge said on Friday. Advent, which invested in the company in 2018, was planning to take Manjushree Technopack public but opted for a sale that will end the offering process, the people said. Manjushree and Advent did not immediately respond to Reuters' requests for comment. PA...
Advent agrees to sell Indian packaging firm to PAG for close to $1 billion, sources say
Union Minister for Education Dharmendra Pradhan along with Minister of Labour and Employment Mansukh Mandaviya on Friday launched a World Bank report titled 'Jobs at Your Doorstep: A Jobs Diagnostics for Young People' that covers six states in India. Pradhan complimented the World Bank team for the detailed report and urged them to adopt a pan-India framework as well. “Such in-depth diagnostics on skilling and jobs will enable stakeholders to create new archite...
Centre launches World Bank`s `jobs at your doorstep`
Over eight out of 10 (83.6 per cent) stockbrokers in India plan to increase their IT budgets in 2024-25, with 41.8 per cent targeting a 20 per cent rise, according to a report on Friday. The Association of National Exchanges Members of India Western region (ANMI-WIRC)'s 'StockTech Survey 2024-25' revealed that stockbrokers continue to focus on deploying cutting-edge technologies such as artificial intelligence (AI), algorithmic trading and blockchain to enhance efficiency...
8 of 10 Indian stockbrokers to increase IT budgets for emerging tech adoption
Two major Adani Group projects in Kenya were scuttled after its founder Gautam Adani was indicted by U.S. prosecutors over his alleged role in a $265 million bribery scheme - allegations that his conglomerate has denied. Here is a list of the group's major overseas projects. HAIFA PORT IN ISRAEL Adani Ports, India's largest private ports operator, owns 70% of Haifa port in northern Israel while Israel's Gadot Group owns the rest. The firms bought the port in earl...
Factbox-From Australia to Israel, Adani Group projects span the globe
National carrier Air India on Friday said it is setting up a basic maintenance training organisation (BMTO) in Bengaluru to cater to the in-house requirement of aircraft maintenance engineers. To go live by mid-2026, the institute will offer an integrated 2+2 years aircraft maintenance engineering (AME) programme certified by the Indian aviation regulator Directorate General of Civil Aviation (DGCA). Towards this, Air India signed an agreement with Bengaluru Airport City Limited (...
Air India institute in Bengaluru to create skilled engineers for aircraft maintenance
Mumbai and Delhi have been ranked among top 5 Asia-Pacific prime-residential markets to record higher annual price growth, according to a report on Friday, as India was cited among the emerging markets in Asia-Pacific, along with Vietnam and Thailand, to experience significant growth. Mumbai ranked third on the annual prime residential price growth index for the APAC region in the report by Knight Frank, recording an 11.5 per cent YoY increase in luxury property prices in Q3 2024. ...
Mumbai, Delhi ranked among top 5 prime residential markets in Asia-Pacific
India is among the top ten countries in Artificial Intelligence (AI) readiness, and the country holds immense potential for public sector transformation through AI, according to a report. "Readiness" for AI refers to an economy’s ability to effectively implement and integrate AI. The report by Boston Consulting Group (BCG) based on data from 73 economies showed that India ranks second globally in AI specialists, and third in research publications, with a strong base ...
India among top 10 countries with AI readiness
India's business activity surged to a three-month high in November, driven by robust growth in the services sector and record job creation, according to the HSBC survey for the month. "Services saw a pick-up in growth, while the manufacturing sector managed to outperform expectations despite a marginal slowdown from its October final PMI reading," observed Pranjul Bhandari, chief India economist at HSBC. HSBC's flash India Composite Purchasing Managers' Index...
India`s business activity surges to 3-month high in November
In a delightful twist to wedding traditions, Paytm has captured the nation's imagination. A recent video showcasing a groom adorned with a maala made of Paytm QR codes instead of traditional cash has gone viral. Accompanied by the caption, "Dulhe ka sehra suhana lagta hai, Dulha toh Paytm ka deewana lagta hai," the video has sparked widespread enthusiasm across social media platforms, celebrating the innovative use of Paytm UPI for mobile payments at Indian weddings. The vide...
Paytm Transforms Indian Wedding Traditions with QR Code Maala - A Digital Innovation Goes Viral
Driven by rising disposable incomes and greater internet penetration in smaller towns, the Indian tech and durable offline retail market registered a 10 per cent value growth (year-on-year) in the January-September period this year, according to a report on Friday. Smaller cities are emerging as key growth engines for India’s tech and durable market and in Q3 alone (July-September period), Town Class 3 witnessed a 9 per cent value growth, surpassing Town Class 1 (6 per cent) an...
India`s tech, durable offline retail market sees 10 pc growth amid rising rural consumption
As India sees a surge in venture capital (VC) funding, China saw a steep 26.8 per cent decline in VC funding (by value) in the January-October period this year, according to a new report. A total of 2,116 venture capital (VC) funding deals worth $28.2 billion were announced in China during January-October. “This represents a year-on-year (YoY) decline of 22.5 per cent in VC deal volume, whereas the total disclosed funding value fell by 26.8 per cent,” according to Glob...
VC funding in China drops 26.8 pc during Jan-Oct as India sees surge
Nearly seven in 10 (68 per cent) of Asia Pacific investors expect regional economic growth to have a positive impact and India is likely to see heightened institutional real estate investments in 2024, with the momentum accelerating further in 2025, according to a report on Friday. The share of APAC countries in overall institutional investments in Indian real estate stood at 28 per cent in January-September period this year. About 69 per cent of APAC respondents intend to allocat...
Asia Pacific investors bullish on Indian real estate in 2025, office spaces to lead
Xpedeon, a leading provider of construction management software, proudly announces the successful one-year implementation of its ERP (Enterprise Resource Planning) solutions at Navayuga Engineering Company Limited. Faced with challenges from previous ERP systems, Navayuga sought a powerful, highly scalable and robust enterprise-wide solution. By partnering with Xpedeon, the company has increased operational efficiency, improved collaboration, and s...
Navayuga Engineering Achieves New Operational Heights with Xpedeon ERP Solutions
At least 82.7 per cent of work has been completed in the HPCL Rajasthan Refinery project area, said Principal Secretary Mines and Petroleum T. Ravikant on Thursday. He visited the HPCL Rajasthan Refinery Project being set up at Pachpadra in Balotra and along with taking information about the progress of work being done on various units gave instructions to speed up the work of the Sulphur Recovery Unit. He informed that about 90 to 98 per cent of the work of 10 process units...
82.7 pc work completed in HPCL Rajasthan Refinery area: official
The prestigious National Metallurgist Awards (NMA) were presented here today by Shri H. D. Kumaraswamy, Hon'ble Minister of Steel and Heavy Industries, on the second day of the ongoing 78th Annual Technical Meet (ATM) of the Indian Institute of Metals (IIM). Among the prominent awardees, Shri Shashi Shekhar Mohanty, CEO & MD of Essar Minmet Ltd. and former Director (Technical) at SAIL, was honoured with the prestigious ‘Lifetime Achievement Award’ by Shri H. D. Kumarasw...
National metallurgist awards presented by union steel minister, Shri HD Kumaraswamy at IIM-ATM 2024
Digital payments fintech Phi Commerce has received National Payment Corporation of India (NPCI) certification to offer UPI Switch for its enterprise customers, primarily to sustain high transaction volumes. Considered as the next revolutionary innovation in the digital payments space, the UPI Switch enables fintechs like Phi Commerce to onboard enterprise customers instantly, reducing substantial turnaround time associated with the existing bank-driven process to induct new customers. This, i...
Phi Commerce`s UPI Switch gets a go ahead from NPCI
The NPTC Green Energy Ltd (NGEL) on Thursday signed a joint venture with the New and Renewable Energy Development Corporation of Andhra Pradesh (NREDCAP) to set up renewable energy projects worth Rs 2 lakh crore in the state, Andhra Pradesh Chief Minister N. Chandrababu took to ‘X’ to reveal that NGEL has entered the joint venture. Officials of NGEL and NREDCAP signed the agreement in the presence of the Chief Minister. "The new ICE Policy 2024 continues to att...
NTPC Green Energy`s JV with NREDCAP for Rs 2 lakh crore projects in Andhrapradesh
India is the best place in the world to provide sustainable infrastructure to the digital world as there are very few countries where there is an interconnected grid in the way that it has, Union Commerce and Industry Minister Piyush Goyal said on Thursday. Addressing the UK-India Business Council "Technology Futures Conference" here, the minister said that by 2030 India would have a thousand-gigawatt grid connected through the length and breadth of the country with a heal...
India is world`s best place for data centres: Piyush Goyal
NP Digital India, a leading performance-driven creative digital marketing agency, is delighted to announce the appointment of Rubeena Singh as Managing Director. In her new role, Rubeena will lead the agency’s business and focus on development of new capabilities and solutions, and widen and deepen client relationships. With over two decades of extensive experience, Rubeena Singh is a seasoned leader with a proven record of driving growth, managing ...
Rubeena Singh Joins NP Digital India as Managing Director
The Andhra Pradesh government is working to create an ecosystem for Information Technology companies with the target of providing five lakh jobs in the sector over the next five years, Minister for Education, IT, and Electronics Nara Lokesh said on Thursday. He told the Assembly during question hour that the Tata Consultancy Services (TCS) will set up its unit in Visakhapatnam soon and was confident that the company would begin its operations in three months. He said during ...
AndhraPradedsh sets target of 5 lakh jobs in IT sector in 5 years: Nara Lokesh
Tata Power and the Asian Development Bank (ADB) have signed an MoU, coinciding with the ongoing Climate Conference (COP29) at Baku, Azerbaijan, to evaluate financing for its several strategic projects aimed at enhancing India’s power infrastructure and promoting renewable and clean energy, the company announced on Thursday. The MoU outlines the evaluation of financing for several key ongoing projects such as the 966 MW Solar Wind Hybrid project and Pumped Hydro Storage Project and ot...
Tata Power inks pact with ADB for green projects worth $4.25 billion
India’s annual fish production has nearly doubled since 2014 to 17.5 million tons, with inland fishing now surpassing marine fishing, contributing 13.2 million tons, Union Minister of Fisheries, Animal Husbandry & Dairying Rajiv Ranjan Singh alias Lalan Singh said on Thursday. In his address here to celebrate World Fisheries Day 2024, the minister said that India has now become the second-largest fish producer globally, with around 30 million people involved in fish product...
India`s annual fish production doubles to 17.5 million tons in last 10 years: Fisheries Minister
More than 9 in 10 (93 per cent) Indian business leaders anticipate an increase in their cybersecurity budgets next year, with 17 per cent planning to raise their budgets by 15 per cent or more — an increase of 1 per cent from last year, according to a report on Thursday. Additionally, 42 per cent of Indian business leaders are prioritising data protection and remediation in the aftermath of recent cyber breaches as their main cyber investment for the coming year, said the PwC I...
Over 9 in 10 Indian leaders anticipate an increase in cybersecurity budgets next year
Kondru Sanjay Murthy, who took over as the Comptroller and Auditor General (CAG) of India on Thursday, is the first Telugu bureaucrat to hold the key post. A distinguished bureaucrat from the Konaseema district of Andhra Pradesh, Murthy was sworn in as the CAG by President Droupadi Murmu. He succeeded Girish Chandra Murmu. Murthy, a 1989 batch Indian Administrative Service (IAS) officer of the Himachal Pradesh cadre, is the 15th CAG of India and the first Telugu to be appointe...
Sanjay Murthy first Telugu bureaucrat to become CAG of India
Union Minister for Heavy Industries and Steel H.D. Kumaraswamy has said that India is rapidly advancing towards becoming the world’s 5th largest economic power with the steel industry playing a central role in this transformation. Speaking at the Indian Institute of Metals (IIM) awards ceremony in Bengaluru on Thursday, the Minister said, “Under the leadership of Prime Minister Narendra Modi, India has now emerged as the 6th largest global economic power and is moving swi...
Strengthened by steel sector, India emerging as 5th largest global economic power: Kumaraswamy
Buoyed by rising demand for its iPhones among aspirational youth and surge in exports, Apple clocked a 36 per cent increase in its operating revenue in India, surpassing Rs 66,700 crore (about $8 billion) in FY24. The tech giant also posted Rs 2,746 crore ($330 million) in profit last fiscal. Apple India’s profit increased by 23 per cent in FY24 against Rs 2,229.6 crore ($268 million) in FY23. Apple India’s revenue from operations grew to Rs 66,727 crore in FY24 ...
Apple India posts 23 pc profit growth in FY24 amid iPhone demand surge
Hyundai Motor India Limited (HMIL) on Thursday announced to set up two renewable energy plants in Tamil Nadu with an investment of Rs 38 crore. The automaker will establish a 75 megawatt (MW) solar plant and a 43 MW wind power plant in the state with Fourth Partner Energy Limited (FPEL), to cater to the company’s renewable energy requirements. The move is aimed to enhancing HMIL’s renewable energy portfolio and transition to 100 per cent renewable electricity across it...
Hyundai Motor India to set up 2 renewable energy plants for Rs 38 crore
Nokia on Thursday announced a five-year expansion of its multi-year agreement to supply Microsoft Azure with data centre routers and switches. Nokia’s data centre networking portfolio will enhance the scalability and reliability of Azure data centres around the world. The partnership will grow Nokia's global footprint to over 30 countries and strengthen its role as a strategic supplier for Microsoft's worldwide cloud infrastructure. As part of the expansion, Nokia wi...
Nokia expands pact with Microsoft for data centre routers, switches
Revenue of consumer durable manufacturers in India is projected to rise 11-12 per cent this fiscal (FY25), continuing the healthy run after a strong 13 per cent growth last fiscal, according to a report on Thursday. A Crisil Ratings report said this will ride on rising adoption of consumer durable financing, which supports the trend of premiumisation, resulting in better realisations. Festive spending and strong growth in housing sales should support overall volumes, following strong...
India`s consumer durable makers to log 11-12 pc growth in FY25
Quick commerce is the favoured mode to buy daily essentials for Indians, with 85 per cent of respondents choosing it for food and grocery purchases, a survey showed on Thursday. For high-value purchases, however, physical stores remain the top choice, with more than 50 per cent of respondents preferring in-store shopping for high-value premium products, according to Grant Thornton Bharat’s ‘Beyond the Basket: Understanding Consumer Preferences within Omni-Channel Se...
Indian prefer Q-commerce for daily essentials, physical stores for high-value buying
Ambuja Cements, the cement and building material company of the diversified Adani Group, with the support of its CSR team has been a key player in promoting sustainable waste management practices at Vadnagar village, in Gir Somnath district of Gujarat. As part of the Lighthouse Initiative, the company’s CSR team and Vadnagar Gram Panchayat have mobilised the local community to take charge of plastic waste management by forming a Self-Help Group (SHG) of waste collectors. The SHG has ...
Ambuja Cements drives community-led plastic waste management in Vadnagar
RULOANS Distribution Services, a leading financial products distribution company, announced today that it has received an overwhelming response from the Channel Partner fraternity for its fully digital secured loan portfolio, launched in September, 2024 on the RUCONNECT app. This app enables a complete, end-to-end digital lending process for home loans (HL) and loans against property (LAP), marking a significant shift in how secured loans are distributed in India. In collaboratio...
RULOANS Fully-Digital Secured Loan Product on RUCONNECT App Garners Strong Market Response
India's Data Centre Industry is poised to surge 66 per cent by 2026, driven primarily by artificial intelligence (AI) and the nationwide rollout of 5G technology, according to real estate advisory firm JLL India. The country’s Data Centre industry is expected to add a staggering 604 MW capacity, requiring 7.3 million square feet and USD 3.8 billion in the next two and a half years (H2 2024-2026), the JLL report states. It highlights that India is rapidly establishing its...
AI boom likely to trigger $3.8 bn flow into India`s data centre industry
The cumulative mobile number portability (MNP) requests increased from 1,025.78 million at the end of August to 1,039.11 million at the end of September, since the implementation of MNP, according to the Telecom Regulatory Authority of India (TRAI) data on Thursday. The subscriber requests for MNP in the month of September stood at 13.32 million. In the month of August, 14.66 million subscribers submitted their requests for mobile number portability (MNP). The number of active wir...
Cumulative mobile number portability requests up since inception: TRAI
The total number of new jobs created by micro, small and medium enterprises (MSMEs) in the country has gone up by close to 10 crore in the last 15 months, official data recorded on the government’s Udyam portal showed. According to the figures, the number of registered MSMEs has now gone up to 5.49 crore from 2.33 crore in August last year while the number of jobs reported by these enterprises has shot up to 23.14 crore from 13.15 crore during this period. The total employme...
Indian MSMEs create about 10 crore jobs in 15 months
Delhi’s Khan Market has been ranked as 22nd most expensive main street globally, retaining its position and continuing to be India’s most expensive high street, registering a 7 per cent (year-on-year) rental growth, according to a report on Thursday. According to a Cushman & Wakefield report, which focuses on rents in 138 urban and luxury retail locations across the globe, Khan Market has rents at $229 per square foot annually (about Rs 19,330). Interesti...
Delhi`s Khan Market ranked as 22nd most expensive high street globally
Sikkim Chief Minister Prem Singh Tamang said on Thursday that the state government has been working to advance the fisheries sector by introducing modern technologies and providing training and financial support to increase productivity. On World Fisheries Day, CM Tamang extended his heartfelt greetings and best wishes to the hardworking fish farmers, fisherfolk, and all stakeholders who contribute tirelessly to the growth of the fisheries sector. He said: "I reaffirm our com...
Sikkim introducing modern day technologies for fisheries: CM Prem Singh Tamang
Women in the gem and jewellery industry possess immense potential and are driving innovation and growth in the gem and jewellery sector, said former Union Minister Smriti Irani. She said this at an event organised by the Gem and Jewellery Export Promotion Council (GJEPC) in New Delhi. The event highlighted the critical role of women in driving innovation and growth in the gem and jewellery sector. Irani shared her vision for creating a more inclusive and supportive environment for...
Women entrepreneurs driving innovation, growth in gem & jewellery sector: Smriti Irani
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