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G20 summit: PM Narendra Modi welcomes world leaders at Bharat Mandapam Prime Minister Narendra Modi on Saturday welcomed all the participating dignitaries at the Bharat Mandapam, the main venue of the G20 leaders summit at Pragati Maidan. Modi stood in front of a giant image of the Konark wheel from Odisha's Sun Temple, while welcoming the leaders with warm handshakes. The Konark wheel was built during the 13th century under the reign of King Narasimhadeva-I. The wheel with 24 spokes is also adapted into India's national flag and embodies the country's ...
G20 summit: PM Narendra Modi welcomes world leaders at Bharat Mandapam
G20 summit: PM Narendra Modi welcomes world leaders at Bharat Mandapam
Source: IANS
9/09/2023 4:14:24 PM
PM Narendra Modi welcomes African Union's inclusion as permanent member of G20 As the African Union on Saturday became a permanent member of the G20, Prime Minister Narendra Modi extended his heartfelt welcome to African Union's president Azali Assoumani, who is also president of Comoros. "Advancing a more inclusive G20 that echoes the aspirations of the Global South! PM @narendramodi extends a heartfelt welcome to President @_AfricanUnion and the President of Comoros Azali Assoumani," Modi posted on X (formerly Twitter). "Thrilled to have the ...
PM Narendra Modi welcomes African Union's inclusion as permanent member of G20
PM Narendra Modi welcomes African Union's inclusion as permanent member of G20
Source: IANS
9/09/2023 3:55:39 PM
NABARD emphasises on agri-fintech innovations for taking rural and agri-economy forward The National Bank for Agriculture and Rural Development (NABARD) took center stage at the Global Fintech Fest (GFF), held from September 5th to September 7th, 2023 in Mumbai. NABARD highlighted its ground-breaking work to integrate digital financial services with rural and agri-economy. During the event, NABARD participated in a series of panel discussions addressing important topics. These included the far-reaching impact of digital identity and Know Your Customer (KYC) solutions on regulati...
NABARD emphasises on agri-fintech innovations for taking rural and agri-economy forward
NABARD emphasises on agri-fintech innovations for taking rural and agri-economy forward
Source: PR Agency
9/09/2023 9:08:01 AM
Reliance, Nvidia join hands to advance AI in India Reliance Industries and chip maker Nvidia on Friday announced a collaboration to develop India's own foundation large language model trained on the nation's diverse languages and tailored for generative AI applications to serve the country. Nvidia will provide access to the most advanced Nvidia GH200 Grace Hopper Superchip and Nvidia DGX Cloud, an AI supercomputing service in the cloud. GH200 marks a fundamental shift in computing architecture that provides exceptional performance ...
Reliance, Nvidia join hands to advance AI in India
Reliance, Nvidia join hands to advance AI in India
Source: IANS
8/09/2023 4:31:41 PM
Reliance Industries surges on partnering with NVIDIA to develop foundational large language model for AI in India Reliance Industries is currently trading at Rs. 2450.25, up by 18.75 points or 0.77% from its previous closing of Rs. 2431.50 on the BSE. The scrip opened at Rs. 2436.40 and has touched a high and low of Rs. 2455.65 and Rs. 2423.40 respectively. So far 318533 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 2,635.17 on 19-Jul-2023 and a 52 week low of Rs. 2,012.14 on 20-Mar-2023. Last one week high and low of th...
Reliance Industries surges on partnering with NVIDIA to develop foundational large language model for AI in India
Reliance Industries surges on partnering with NVIDIA to develop foundational large language model for AI in India
Source: Accord Fintech
8/09/2023 3:45:36 PM
India has achieved financial inclusion targets in just 6 years: World Bank`s G20 document Underlining India's growth, a G20 document prepared by the World Bank has stated that India has achieved financial inclusion targets in just 6 years which would otherwise have taken at least 47 long years. The document highlights the groundbreaking measures taken by Central Government and the pivotal role of government policy and regulation in shaping the Digital Public Infrastructure (DPI) landscape. The document categorically noted that while DPIs’ role in this leapfrogging is ...
India has achieved financial inclusion targets in just 6 years: World Bank`s G20 document
India has achieved financial inclusion targets in just 6 years: World Bank`s G20 document
Source: Accord Fintech
8/09/2023 2:09:39 PM
India`s Kotak Mahindra Bank gets RBI nod for appointing interim MD, CEO India's Kotak Mahindra Bank said on Friday that the Reserve Bank of India has approved the appointment of Dipak Gupta as the interim managing director and CEO for two months. Gupta's appointment is effective after the RBI's approval. The appointment comes after billionaire Uday Kotak, who founded and led Kotak Mahindra, resigned as the managing director and CEO earlier this month, before the end of his term in December. Kotak's early exit from the country's fourth...
India`s Kotak Mahindra Bank gets RBI nod for appointing interim MD, CEO
India`s Kotak Mahindra Bank gets RBI nod for appointing interim MD, CEO
Source: Reuters
8/09/2023 10:46:48 AM
India removes additional duty on 12 US products ahead of Joe Biden`s visit India has done away with additional duties on some American products like chickpeas, lentils, and apples, as US President Joe Biden is set to arrive on a three-day visit to India. These additional duties were imposed in 2019 in response to America’s decision to increase tariffs on certain steel and aluminium products. India had imposed these duties on 28 US products in 2019. The decision to remove these duties on American products was taken through a Finance Ministry notificati...
India removes additional duty on 12 US products ahead of Joe Biden`s visit
India removes additional duty on 12 US products ahead of Joe Biden`s visit
Source: IANS
7/09/2023 5:33:08 PM
India inflation likely cooled in August, but still above RBI target range  Inflation in India was likely to have eased in August from a 15-month high in July, led by cooling vegetable prices, but held above the upper end of the Reserve Bank of India's 2%-6% target for a second month, a Reuters poll found. Erratic monsoon rains have ruined some crops of staple food items, prompting the government to subsidise vegetable prices and ban exports of some cereals, providing temporary relief to households. That was sufficient to bring down headline inflation...
India inflation likely cooled in August, but still above RBI target range
India inflation likely cooled in August, but still above RBI target range
Source: Reuters
7/09/2023 5:25:54 PM
Fintech Has Been a Game Changer in Driving Inclusion and E-Governance in India: K Rajaraman, IFSCA Chairperson “For India, fintech has delivered in terms of financial inclusion. It has drastically reduced the turnaround time for financial services, simplified procedures and led to the emergence of very efficient and different business models.  Along with that, fintech has also helped in reducing the cost of financial intermediaries, enabled data aggregation and reduced credit and insurance risk. The financial inclusion and e-governance brought about by fintech in India have truly been a gam...
Fintech Has Been a Game Changer in Driving Inclusion and E-Governance in India: K Rajaraman, IFSCA Chairperson
Fintech Has Been a Game Changer in Driving Inclusion and E-Governance in India: K Rajaraman, IFSCA Chairperson
Source: PR Agency
6/09/2023 5:43:16 PM
India to spend $452 million for battery energy storage  India will spend 37.6 billion rupees ($452 million) on viability gap funding for battery energy storage in a bid to increase renewable energy capacity, the country's information minister said on Wednesday. The programme will support battery energy storage capacity of 4000 mega-watts hours, to be developed by 2030-31, Anurag Thakur said, adding that the government will offer incentives worth up to 40% of capital costs to companies setting up manufacturing units.
India to spend $452 million for battery energy storage
India to spend $452 million for battery energy storage
Source: Reuters
6/09/2023 3:37:54 PM
India`s top palm oil buyer expects 26% jump in imports to record 10 million T India's palm oil imports are set to jump 26% to a record high in the 2022/23 year ending on Oct. 31, as a recovery in consumption and competitive prices prompt refiners to increase purchases, the country's top palm oil buyer told Reuters on Wednesday. Higher purchases by the world's biggest importer of palm oil could help to lower inventories in top producing Indonesia and Malaysia and support benchmark futures. "Refiners are increasing their purchases for the upcoming ...
India`s top palm oil buyer expects 26% jump in imports to record 10 million T
India`s top palm oil buyer expects 26% jump in imports to record 10 million T
Source: Reuters
6/09/2023 3:27:27 PM
India`s Tata seeks control of Haldiram`s, snack maker wants $10 billion valuation Tata Group's consumer unit is in talks to buy at least 51% of popular Indian snack food maker Haldiram's but is not comfortable with the $10 billion valuation sought, two people briefed on the matter said. If successfully concluded, a deal would see the Indian conglomerate directly compete with Pepsi and billionaire Mukesh Ambani's Reliance Retail. Haldiram's, a household name in India, is also talking with private equity firms including Bain Capital about the sale of a ...
India`s Tata seeks control of Haldiram`s, snack maker wants $10 billion valuation
India`s Tata seeks control of Haldiram`s, snack maker wants $10 billion valuation
Source: Reuters
6/09/2023 2:56:54 PM
Mamata Banerjee to attend G20 Summit dinner Despite strongly objecting to the use of “Bharat” in the invitation letter from Rashtrapati Bhawan for the G20 Summit dinner, West Bengal Chief Minister Mamata Banerjee will be attending the event on Saturday night. Sources from the state cabinet said Banerjee has taken the decision to attend the dinner meet after consulting the leader of some of the other constituents of INDIA alliance, who also confirmed their presence at the event. “Another reason why the Chief Mini...
Mamata Banerjee to attend G20 Summit dinner
Mamata Banerjee to attend G20 Summit dinner
Source: IANS
6/09/2023 12:10:30 PM
India cenbank planning to introduce wholesale digital currency The Reserve Bank of India is planning to introduce wholesale a central bank digital currency (CBDC) in the call money market, an official told reporters. “RBI is now planning to go interbank borrowing market, specifically call money market,” the official said. RBI plans to use CBDCs as tokens for call money settlement, he said. India’s CBDC is currently in a pilot phase across the retail and wholesale segments. The central bank has set a target of one million transa...
India cenbank planning to introduce wholesale digital currency
India cenbank planning to introduce wholesale digital currency
Source: Reuters
5/09/2023 2:07:51 PM
India`s services sector growth eases to 60.1 in August India’s services sector growth eased in the month of August, but remained among the best in 13 years, with a series-record increase in new export business inducing another sharp expansion in total sales.  As per the survey report, the seasonally adjusted S&P Global India Services PMI Business Activity Index fell at 60.1 in August from 62.3 in July. Further, the S&P Global India Composite PMI Output Index -- which measures both manufacturing and services -- eased to 60.9 in ...
India`s services sector growth eases to 60.1 in August
India`s services sector growth eases to 60.1 in August
Source: Accord Fintech
5/09/2023 12:57:09 PM
Global 5G mobile subscriptions reach 1.3 bn, India adds most overall users Global 5G subscriptions grew by 175 million in the second quarter (Q2) while India accounted for the most net addition of overall mobile subscriptions with over seven million new users in the period, a new report showed on Tuesday. The Q2 additions bring the global number of 5G subscriptions close to 1.3 billion, according to Ericsson Mobility Report. In the second quarter (Q2), the number of mobile subscriptions totalled 8.3 billion, with a net addition of 40 million subscriptions duri...
Global 5G mobile subscriptions reach 1.3 bn, India adds most overall users
Global 5G mobile subscriptions reach 1.3 bn, India adds most overall users
Source: IANS
5/09/2023 12:53:55 PM
India`s services growth slowed slightly in August but exports hit record high Growth in India's dominant services industry lost some steam in August but overall conditions remained strong despite elevated inflationary pressures, according to a business survey that showed exports were at a record high on robust foreign demand. Tuesday's findings, coupled with a sister survey on Friday which found factory growth expanded at its fastest pace in three months, suggest Asia's third-largest economy will be the fastest-growing major country despite slowing globa...
India`s services growth slowed slightly in August but exports hit record high
India`s services growth slowed slightly in August but exports hit record high
Source: Reuters
5/09/2023 11:13:40 AM
Palm oil buying lifts India`s August edible oil imports to record India's edible oil imports in August rose 5% to a record 1.85 million metric tons as refiners purchased more than 1 million tons of palm oil for the second consecutive month to build stocks for upcoming festivals, four dealers told Reuters. Higher purchases by the world's biggest importer of vegetable oils could help to lower palm oil stocks in Indonesia and Malaysia and support benchmark futures. The buying has helped strengthen soybean oil futures and could reduce inventories in ...
Palm oil buying lifts India`s August edible oil imports to record
Palm oil buying lifts India`s August edible oil imports to record
Source: Reuters
4/09/2023 12:29:29 PM
India monitoring steel import situation -Government official India is monitoring the import situation on steel after shipments from China touched a five-year high in the first four months of the fiscal year that began in April, the country's steel secretary told Reuters on Monday
India monitoring steel import situation -Government official
India monitoring steel import situation -Government official
Source: Reuters
4/09/2023 12:26:09 PM
Swaminathan Award for Satyanarayana for contributions to agriculture P V Satyanarayana, principal scientist at the Agricultural Research Station, Acharya N.G. Ranga Agricultural University, Ragolu, has been awarded the prestigious M.S Swaminathan Award for his outstanding contributions to the field of agriculture during the period 2021-2022. Satyanarayana's pioneering work involves the development of high-yielding rice varieties that exhibit resilience against various pests and environmental challenges, including BPH, BLB, Blast, Submergence, and salini...
Swaminathan Award for Satyanarayana for contributions to agriculture
Swaminathan Award for Satyanarayana for contributions to agriculture
Source: IANS
3/09/2023 5:28:05 PM
India to position itself as the 'Voice of Global South' at G20 Summit The New Delhi G20 summit, scheduled to be held between September 9 and 10, is just round the corner and is being highlighted as one of the key achievements of the government in positioning India as the voice of the Global South. After two days of intense deliberations, the G20 Summit will culminate with a New Delhi Declaration, which is expected to outline the main agenda items namely climate change and climate finance, the role of multilateral development banks (MDBs) in poverty alleviati...
India to position itself as the 'Voice of Global South' at G20 Summit
India to position itself as the 'Voice of Global South' at G20 Summit
Source: IANS
3/09/2023 12:51:47 PM
Hockey India to award players Rs 2 lakh for triumph in Hockey 5s Asia Cup Hockey India has announced a cash award of Rs 2.00 lakh to each player of the men's Hockey 5s Asia Cup Championship, the team that defeated Pakistan via penalty shoot-out to determine work. Hockey India also decided to give Rs 1.00 lakh each for the support staff for the team's triumph in Oman.   Congratulating the team on qualifying for the FIH Men's Hockey5s World Cup Oman 2024 and winning the Gold medal, Hockey India President Padma Shri Dr Dilip Tirkey said, "I...
Hockey India to award players Rs 2 lakh for triumph in Hockey 5s Asia Cup
Hockey India to award players Rs 2 lakh for triumph in Hockey 5s Asia Cup
Source: IANS
3/09/2023 10:15:12 AM
India`s rice area grows on higher prices, cotton sowing lags Indian farmers have planted 39.8 million hectares (98.3 million acres) with rice, up 3.7% on the same period last year, farm ministry data showed on Friday, as record high prices prompted farmers to expand the area. Higher rice planting could alleviate supply concerns in the world's second biggest producer and consumer of the grain. India surprised buyers in July by imposing a ban on the export of widely consumed non-basmati white rice, following a ban on broken rice exports last ye...
India`s rice area grows on higher prices, cotton sowing lags
India`s rice area grows on higher prices, cotton sowing lags
Source: Reuters
2/09/2023 3:56:13 PM
India cuts windfall tax on petroleum crude The Indian government will cut the windfall tax on petroleum crude to 6,700 rupees ($81.03) per metric ton from 7,100 rupees starting on Saturday, according to a government notification issued on Friday. The government will also raise the windfall tax on diesel to 6 rupees per litre from 5.50 rupees, the notification said. The windfall tax on aviation turbine fuel will increase to 4 rupees per litre from 2 rupees, while the levy on petrol will remain at zero, according to the notificati...
India cuts windfall tax on petroleum crude
India cuts windfall tax on petroleum crude
Source: Reuters
2/09/2023 10:45:43 AM
Dry weather over India driving up rally in sugar prices The SandP GSCI Agriculture Index is finishing August 2 per cent lower MOM, reaching two-year lows. Grains led the decline, with wheat and corn futures both markedly down, Rabo Bank said in a research. Sizable US grain acreage following the largest annual increase in seven years, a record Brazilian corn harvest, and the continuation of significant wheat export flows from the Black Sea combined to drive prices lower. However, weather risks remain high for sugar, cocoa, robusta coffee, and...
Dry weather over India driving up rally in sugar prices
Dry weather over India driving up rally in sugar prices
Source: IANS
1/09/2023 2:32:20 PM
India`s manufacturing sector activity jumps to 58.6 in August Indicating the second-best improvement in the health of the sector for nearly three years, India's manufacturing sector activity showed a robust growth in the month of August, as new orders and output increased at the quickest rates. According to the report, the seasonally adjusted S&P Global India Manufacturing Purchasing Managers’ Index (PMI) jumped to 58.6 in August, 2023 from 57.7 in July.  The report noted that a healthy demand environment and favourable market cond...
India`s manufacturing sector activity jumps to 58.6 in August
India`s manufacturing sector activity jumps to 58.6 in August
Source: Accord Fintech
1/09/2023 1:49:11 PM
Moody`s raises India`s GDP forecast to 6.7% for 2023 Global rating agency Moody's has raised India's growth forecast to 6.7 per cent from 5.5 per cent for 2023. At the same time though, it has lowered the GDP forecast for 2024 from 6.5 per cent to 6.1 per cent. "Since the second quarter out performance creates a high base in 2023, we have lowered our 2024 growth forecast from 6.5 percent to 6.1 per cent. Given the robust underlying economic momentum, we also recognise further upside risk to India’s economic growth perfo...
Moody`s raises India`s GDP forecast to 6.7% for 2023
Moody`s raises India`s GDP forecast to 6.7% for 2023
Source: IANS
1/09/2023 11:56:06 AM
India August factory activity hits 3-month high, but hiring slows India's factory growth accelerated at the fastest pace in three months in August, driven by strong growth in new orders and output, according to a private survey that however also showed job creation was at a four-month low. That is good news for Asia's third-largest economy, which grew 7.8% in April-June, slightly above a Reuters forecast of 7.7%, led by robust demand, and was expected to remain a bright spot in the global economy. The Manufacturing Purchasing Managers' Ind...
India August factory activity hits 3-month high, but hiring slows
India August factory activity hits 3-month high, but hiring slows
Source: Reuters
1/09/2023 11:11:29 AM
India`s records economic growth rate of 7.8% in Q1of 2023-24; remains fastest growing economy With better performance by agriculture and financial sectors, India has recorded an economic growth rate of 7.8 per cent in the April-June quarter (Q1) of 2023-24. The Gross Domestic Product (GDP) during the January-March quarter of 2022-23 was 6.1 per cent and 4.5 per cent during October-December. The GDP expanded by 13.1 per cent in the April-June quarter of 2022-23. India remained the fastest-growing major economy as China posted a 6.3 per cent growth in April-June 2023. The National St...
India`s records economic growth rate of 7.8% in Q1of 2023-24; remains fastest growing economy
India`s records economic growth rate of 7.8% in Q1of 2023-24; remains fastest growing economy
Source: Accord Fintech
1/09/2023 10:39:13 AM
India`s GDP growth towers over several economies, says chief economic adviser Even as the GDP growth for the first quarter of current fiscal stood at 7.8 per cent, a sharp fall from the corresponding period of last year, when it was 13.1 per cent, government said on Thursday that India's growth is better than several economies. "India’s quarterly GDP growth towers over that of many other economies.The government and the RBI are comfortable in holding on to their 2023-24 GDP growth forecast of 6.5 per cent," chief economic adviser V Anantha Nagesw...
India`s GDP growth towers over several economies, says chief economic adviser
India`s GDP growth towers over several economies, says chief economic adviser
Source: IANS
1/09/2023 10:02:12 AM
India house prices on track for steady rises, affordability to worsen Home prices in India are set to rise steadily in single digit percentages over the coming years along with economic growth, according to a Reuters poll of property analysts who expect affordability for first-time buyers to worsen. Following a relatively modest 250 basis points of interest rate rises from the Reserve Bank of India to 6.50%, expectations of a resilient economy have underpinned property market strength, along with relentless demand for housing. Average home prices were exp...
India house prices on track for steady rises, affordability to worsen
India house prices on track for steady rises, affordability to worsen
Source: Reuters
1/09/2023 9:48:25 AM
India`s economy grows at fastest pace in a year in June quarter India's economy grew at its fastest pace in a year in the June quarter, supported by strong services activity and robust demand, data released by the government showed on Thursday. Gross domestic product expanded 7.8% on an annual basis in the April to June quarter, accelerating from the 6.1% growth recorded in the March quarter and topping a 7.7% forecast in a Reuters poll. It was also the highest reading since the equivalent period of 2022, when growth stood at 13.1%. COMMENTAR...
India`s economy grows at fastest pace in a year in June quarter
India`s economy grows at fastest pace in a year in June quarter
Source: Reuters
1/09/2023 9:22:32 AM
New Indo-US task force aims $100 bn electronics trade between 2 nations The Indo-US Task Force for Electronics, launched here on Thursday, aims to boost the electronics trade between the two countries to $100 billion within a decade. The India Cellular and Electronics Association (ICEA) organised the launch meeting here, attended by senior officials from Department of Telecommunications (DoT), US Embassy, leading US and Indian companies, investment banking fraternity, and Washington D.C.-headquartered Information Technology Industry Council (ITI). "The...
New Indo-US task force aims $100 bn electronics trade between 2 nations
New Indo-US task force aims $100 bn electronics trade between 2 nations
Source: IANS
31/08/2023 4:33:59 PM
India`s April-July finished steel imports from China at five-year high India's finished steel imports from China touched a five-year high in the first four months of the fiscal year that began in April, according to provisional government data reviewed by Reuters. During April-July, China was the second-biggest steel exporter to India, selling 0.6 million metric tons, up 62% from the same period a year earlier. In all, India imported 2 million metric tons of finished steel in the period, the highest since 2020 and up 23% from a year earlier. China, ...
India`s April-July finished steel imports from China at five-year high
India`s April-July finished steel imports from China at five-year high
Source: Reuters
31/08/2023 4:20:39 PM
India inflation to stay above 6% target until October at least -economists India's inflation rate will remain above the Reserve Bank of India's upper tolerance band of 6% at least until October, according to a Reuters poll of economists who sharply upgraded their price-rise forecasts for this quarter. Consumer prices in Asia's third-largest economy rose at the fastest annual rate in the 15 months in July, to 7.44% from 4.87% in June, largely driven by a sharp increase in prices of essential foods commonly used in Indian kitchens. That sudden spike ...
India inflation to stay above 6% target until October at least -economists
India inflation to stay above 6% target until October at least -economists
Source: Reuters
29/08/2023 4:52:19 PM
India cuts prices of cooking gas by 200 rupees per cylinder India on Tuesday cut the price of cooking gas for households by about 18% to rein in inflation ahead of crucial state and general elections. The government has decided to cut prices by 200 rupees ($2.42) on a 14.2-kilogram (33 pounds) cooking gas cylinder sold to 330 million households, Information Minister Anurag Thakur told reporters. The latest reduction will double the subsidy support provided to the 960 million poor under a welfare programme. This will double the subsidy to 400 ...
India cuts prices of cooking gas by 200 rupees per cylinder
India cuts prices of cooking gas by 200 rupees per cylinder
Source: Reuters
29/08/2023 4:37:19 PM
Uber drivers earned over Rs 50K cr since 2013; 300 cr trips in India Drivers have earned more than Rs 50,000 crore through Uber, and 300 crore trips were taken on the ride-hailing platform over the last 10 years in India. Uber on Tuesday completed 10 years in the country. “Uber has become a part of India’s social fabric and we are proud and privileged to have been able to make a difference by enabling access and movement to riders while enabling livelihood to millions of drivers over the last decade,” Prabhjeet Singh, President, Uber In...
Uber drivers earned over Rs 50K cr since 2013; 300 cr trips in India
Uber drivers earned over Rs 50K cr since 2013; 300 cr trips in India
Source: IANS
29/08/2023 2:05:51 PM
India`s Maruti Suzuki plans to double production capacity over 8 years Maruti Suzuki India plans to double its production capacity to 4 million over the next eight years, India's top carmaker by sales said at its annual general meeting on Tuesday. The automaker also expects export volumes to touch 800,000 cars by fiscal 2031, Chairman R.C. Bhargava told shareholders at the meeting. As of fiscal 2023, it exported 259,333 cars. The comments came a month after Maruti reported a better-than-expected quarterly profit on strong orders and forecast a rise in ...
India`s Maruti Suzuki plans to double production capacity over 8 years
India`s Maruti Suzuki plans to double production capacity over 8 years
Source: Reuters
29/08/2023 12:03:35 PM
Our investment in India will keep growing: IBM CEO Arvind Krishna Be it Cloud or artificial intelligence (AI), IT major IBM is bullish on the innovations coming out from its research and development (R and D) centres in India and the company will continue to invest more as the country aims to become a trillion dollar digital economy by 2026, its Chairman and CEO Arvind Krishna said here on Monday. AI adoption is steadily on the rise globally and India is well poised to lead the AI revolution and establish itself as an AI innovation garage of the world. &...
Our investment in India will keep growing: IBM CEO Arvind Krishna
Our investment in India will keep growing: IBM CEO Arvind Krishna
Source: Accord Fintech
29/08/2023 11:39:30 AM
Plastics exports from India drop 14.6% in July on lower demand: Plexconcil The Plastics Export Promotion Council (Plexconcil) has said plastics exports from the country declined 14.6 per cent to $956 million in July 2023 mainly due to decreasing demand in key export markets like the US and Europe. It said the overall exports during July 2022 stood at $1.119 billion.  It stated flexible Intermediate Bulk Containers (FIBC), plastic raw materials, packaging items, plastic films and sheets, and plastic writing instruments and stationery witnessed a major decline...
Plastics exports from India drop 14.6% in July on lower demand: Plexconcil
Plastics exports from India drop 14.6% in July on lower demand: Plexconcil
Source: Accord Fintech
29/08/2023 10:26:44 AM
Reliance invested over $150 bn in last 10 years, most by any corporate house in India Reliance has cumulatively invested more than $150 billion in the last 10 years - higher than any other corporate house in India, and comparable to the leading businesses across the world, Mukesh Ambani, Chairman and Managing Director, Reliance Industries Limited, said in his address at the 46th AGM of the company. “In all humility, I would like to say that the new Reliance has been a forerunner of the emerging new India. With soaring ambition, we have set seemingly impossible goals a...
Reliance invested over $150 bn in last 10 years, most by any corporate house in India
Reliance invested over $150 bn in last 10 years, most by any corporate house in India
Source: IANS
29/08/2023 9:37:00 AM
India will become one of world's top 3 economies in this decade: Prime Minister Narendra Modi India will become one of the world's top three economies in this decade, Prime Minister Narendra Modi said on Monday, after virtually distributing around 51,000 appointment letters to newly inducted recruits in government departments and organisations, under Rozgar Mela. "India will become one of the world's top three economies in this decade. When I give this guarantee, I will do that with full responsibility," he said. Lauding the Jan Dhan scheme, which was launched ...
India will become one of world's top 3 economies in this decade: Prime Minister Narendra Modi
India will become one of world's top 3 economies in this decade: Prime Minister Narendra Modi
Source: IANS
28/08/2023 4:55:46 PM
India`s Skyroot expects to double rocket launches amid Chandrayaan-3`s success Skyroot Aerospace, which launched India's first private rocket in 2022, aims to double its planned launches starting next year on a likely boost to the country's fledgling private space sector from the success of the Chandrayaan-3 moon mission. The Hyderabad-based company, backed by Singapore's sovereign wealth fund, GIC, is also aiming to raise more money by the end of next year, co-founder Pawan Kumar Chandana told Reuters in an interview. "From 2024 and later, we'...
India`s Skyroot expects to double rocket launches amid Chandrayaan-3`s success
India`s Skyroot expects to double rocket launches amid Chandrayaan-3`s success
Source: Reuters
28/08/2023 3:30:42 PM
Fashion retailers in India suffer sales pain as tomato, onion prices surge Across India's malls and high streets, the mood at fashion shops is sombre - foot traffic is down, sales are low and many brands are embarking on steeper-than-usual discounts for longer-than-usual periods of time. The culprit? Sky-high food inflation after erratic monsoon rains damaged crops and disrupted supply chains. Prices for tomatoes have rocketed, at one point close to five times since June, while those for onions, another staple in Indian cooking, have risen 80% in some area...
Fashion retailers in India suffer sales pain as tomato, onion prices surge
Fashion retailers in India suffer sales pain as tomato, onion prices surge
Source: Reuters
28/08/2023 12:21:15 PM
IKEA completed 80 years globally and 5 years of retail success in India IKEA held "Ikea Iconic", an event in Mumbai to highlight their most iconic home furnishings goods and the debut of a limited edition, unique collection created for the 80th year milestone named "Nytillverkard," in honour of their 80 years of worldwide design legacy and innovation. This unique collection honors vintage designs by recreating the brand's classic products with contemporary updates, brilliant colors, and better materials. Timeless items that have been re...
IKEA completed 80 years globally and 5 years of retail success in India
IKEA completed 80 years globally and 5 years of retail success in India
Source: IANS
27/08/2023 2:22:21 PM
With India on top of the moon, experts expect positive policy changes India landing on the moon is expected to increase the government’s spending on scientific space missions including a Mars landing, higher outsourcing by the Indian space agency, said industry experts. The moon landing will also have a positive credibility rub off effect on the Indian private space sector players in the international arena and a big boost for the youth of this country having a scientific bent of mind and space enthusiasts, they said. In the long term, India will ha...
With India on top of the moon, experts expect positive policy changes
With India on top of the moon, experts expect positive policy changes
Source: IANS
27/08/2023 12:44:07 PM
Chandrayaan mission has become symbol of spirit of New India: PM Narendra Modi Prime Minister Narendra Modi on Sunday in his monthly broadcast 'Mann Ki Baat' said that the Mission Chandrayaan has become a symbol of spirit of New India. "Mission Chandrayaan has become a symbol of the spirit of New India which wants to ensure victory, and also knows how to win in any situation," the PM Modi said. India’s moon lander successfully set its four legs softly and safely on the lunar soil on Wednesday evening as planned. India thus became the fou...
Chandrayaan mission has become symbol of spirit of New India: PM Narendra Modi
Chandrayaan mission has become symbol of spirit of New India: PM Narendra Modi
Source: IANS
27/08/2023 11:52:06 AM