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Tier 2 and 3 Indian cities emerge as critical growth engine for motor insurance  As private consumption rises in India, tier 2 and 3 cities have emerged as a critical growth engine for motor insurance, driven by increasing vehicle ownership and greater awareness of the importance of insurance, according to a report on Wednesday.  These regions contributed to more than 90 per cent to the number of policies sold and the premium amount in the festive season this year, as per data InsurTech platform Turtlemint. Turtlemint said it issued over 4 lakh motor insu...
Tier 2 and 3 Indian cities emerge as critical growth engine for motor insurance
Tier 2 and 3 Indian cities emerge as critical growth engine for motor insurance
Source: IANS
2024-11-27 02:42:33 pm
India's online gaming sector projected to reach $60 billion by 2034 India's online gaming sector, currently valued at $3.1 billion, has the potential to expand to a staggering $60 billion by 2034 amid challenges surrounding regulation and taxation, a report showed on Monday.  The US has been a significant contributor to India's gaming sector, with $1.7 billion out of the total $2.5 billion in foreign direct investment (FDI) coming from the US alone. “This reflects the immense confidence global investors have in India’s rapidly g...
India's online gaming sector projected to reach $60 billion by 2034
India's online gaming sector projected to reach $60 billion by 2034
Source: IANS
2024-10-14 12:42:15 pm
India`s engineering goods exports up 3.66 pc in July, reach $37 bn in first 4 months this fiscal  India's engineering goods exports went up 3.66 per cent in July, as shipments to countries such as the US, the UAE, Saudi Arabia and Singapore recorded positive growth, the Engineering Export Promotion Council (EEPC) of India data showed on Friday.  The total value of engineering goods exports in July stood at $9.04 billion as against $8.72 billion in the same month last year. The uptick was attributed to a decent rise in shipments of electrical machinery, automobile and aut...
India`s engineering goods exports up 3.66 pc in July, reach $37 bn in first 4 months this fiscal
India`s engineering goods exports up 3.66 pc in July, reach $37 bn in first 4 months this fiscal
Source: IANS
2024-08-23 03:56:43 pm
Castrol India's Q2 profit rises on sustained demand Engine oil maker Castrol India reported a 3.1% increase in second-quarter profit on Thursday as the continuing rise in vehicle sales boosted its mainstay business of automobile lubricants and helped offset the rise in costs. The company, 51% owned by oil major BP, said profit after tax rose to 2.32 billion rupees ($27.7 million) in the April-June quarter, from 2.25 billion rupees a year ago. India's two-wheeler sales, which have been rising for three straight quarters, grew 20.4% in...
Castrol India's Q2 profit rises on sustained demand
Castrol India's Q2 profit rises on sustained demand
Source: Reuters
2024-07-30 05:55:41 pm
'Indian shipyards secured orders worth Rs 10,500 cr for building ships in last 8 years' The Centre’s Shipbuilding Financial Assistance Policy has helped Indian shipyards to secure both domestic and export orders for building ships to the tune of approximately Rs 10,500 crore since 2016, according to information tabled in Parliament on Friday.  As many as 39 shipyards have secured a total of 313 orders since the inception of the scheme. These shipyards have received financial assistance totalling Rs 337 crore for delivering 135 vessels to domestic and international ...
'Indian shipyards secured orders worth Rs 10,500 cr for building ships in last 8 years'
'Indian shipyards secured orders worth Rs 10,500 cr for building ships in last 8 years'
Source: IANS
2024-07-26 04:56:29 pm
India has potential to become world`s 2nd largest economy by 2031: RBI Dy Governor Given the country’s innate strengths, it is possible to imagine India striking out into the next decade to become the second largest economy in the world not by 2048, but by 2031, and the largest economy of the world by 2060, RBI Deputy Governor Michael Debabrata Patra has said  In a speech at the Lal Bahadur Shastri National Academy of Administration, Mussoorie, this week, Patra said there is a traditional advantage that is likely to continue working in favour of India’s ...
India has potential to become world`s 2nd largest economy by 2031: RBI Dy Governor
India has potential to become world`s 2nd largest economy by 2031: RBI Dy Governor
Source: IANS
2024-07-13 01:40:58 pm
Nothing sells 1 lakh units of India-made CMF Phone 1 in 3 hours London-based technology company Nothing on Friday announced that 1 lakh units of its sub-brand's debut smartphone CMF Phone 1, which is being manufactured in India, was sold in just three hours across various channels.  "The overwhelming demand for CMF Phone 1 further solidifies Nothing's reputation for delivering cutting-edge technology and unique design," Nothing said in a statement. The company launched the device in two variants (6GB+128GB and 8GB+128GB) at a ...
Nothing sells 1 lakh units of India-made CMF Phone 1 in 3 hours
Nothing sells 1 lakh units of India-made CMF Phone 1 in 3 hours
Source: IANS
2024-07-12 04:42:49 pm
India`s oil & gas exploration sector offers $100 billion investment opportunity: Union Minister Puri The exploration and production (E&P) segment of India's oil and gas sector will throw up an investment opportunity of at least $100 billion by 2030, Union Petroleum Minister Hardeep Singh Puri said on Thursday.  Addressing the 'Urja Varta 2024' at Bharat Mandapam here, he said, "Despite our progress much of our exploration and production potential still lies untapped within India's 26 sedimentary basins. Despite the abundant geological resources available to u...
India`s oil & gas exploration sector offers $100 billion investment opportunity: Union Minister Puri
India`s oil & gas exploration sector offers $100 billion investment opportunity: Union Minister Puri
Source: IANS
2024-07-11 02:33:18 pm
Castrol India surges on unveiling new range of products within Castrol EDGE line Castrol India is currently trading at Rs. 200.75, up by 5.80 points or 2.98% from its previous closing of Rs. 194.95 on the BSE. The scrip opened at Rs. 196.05 and has touched a high and low of Rs. 203.10 and Rs. 196.00 respectively. So far 3.28 lakh shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 230.00 on 10-Apr-2024 and a 52 week low of Rs. 112.55 on 09-Jun-2023. Last one week high and low of the scrip stood ...
Castrol India surges on unveiling new range of products within Castrol EDGE line
Castrol India surges on unveiling new range of products within Castrol EDGE line
Source: Accord Fintech
2024-06-10 12:16:56 pm
India-Taiwan trade may reach $25 billion via investments, tech sharing As India-Taiwan economic partnership grows significantly in recent years, the trade between the two countries may reach $25 billion via investment and technology sharing, industry leaders have said. Peter Huang, specialist of South Asia section (Market Development Department), Taiwan External Trade Development Council, who led a high-level delegation here, said that India is a friendly and hospitable country for Taiwanese industry. "Our commercial relation is growing from strength ...
India-Taiwan trade may reach $25 billion via investments, tech sharing
India-Taiwan trade may reach $25 billion via investments, tech sharing
Source: IANS
2024-05-08 12:51:20 pm
US awards $13.6 billion to Micron which has a chip plant in progress in India The US government has announced a plan to award Micron Technology up to $6.14 billion in grants and $7.5 billion in loans to support the US chipmaker's plan to build new factories, as it strives to bolster domestic semiconductor production. Micron last year started construction of its India semiconductor plant in Sanand, Gujarat. The first 'Make in India' chip is all set to arrive in December from the Rs 22,500 crore Micron semiconductor plant. The White House said that the ...
US awards $13.6 billion to Micron which has a chip plant in progress in India
US awards $13.6 billion to Micron which has a chip plant in progress in India
Source: IANS
2024-04-26 11:33:16 am
Singapore`s BW LPG to invest $30 million in JV with Confidence Petroleum India Singapore-based BW LPG will invest $30 million in Confidence Petroleum India through preferential allotment of shares, and form a joint venture to develop LPG import infrastructure, the companies said on Thursday. The Indian liquefied petroleum gas (LPG) cylinder maker will issue up to 28.2 million shares to BW VLGC Pte, a unit of the Norway-listed LPG shipper, at 88.6 rupees apiece, an exchange filing showed on Thursday. Confidence Petroleum will also enter into a joint ventu...
Singapore`s BW LPG to invest $30 million in JV with Confidence Petroleum India
Singapore`s BW LPG to invest $30 million in JV with Confidence Petroleum India
Source: Reuters
2023-11-30 10:37:45 am
Middle East crisis, fragmented supply chains remain major concerns for emerging markets: Finance Minister The recent Middle Eastern crisis, fuel prices, and fragmentation of global supply chains remain major concerns for emerging markets, Finance Minister Nirmala Sitharaman said on Friday.Addressing a press conference in Morocco's Marrakesh, Sitharaman, giving details of deliberations during the second session of the second day of the G20 Finance Ministers and Central Bank Governors (G20 FMCBG meeting, said that discussions on global economy and crypto assets were held in the meeting.The meeting ...
Middle East crisis, fragmented supply chains remain major concerns for emerging markets: Finance Minister
Middle East crisis, fragmented supply chains remain major concerns for emerging markets: Finance Minister
Source: IANS
2023-10-14 08:51:04 am
FUEL celebrates 17th Foundation Day, awards scholarship to 90 underprivileged students Friends Union For Energising Lives (FUEL), a non-profit organisation dedicated to empowering marginalised youth, celebrated its 17th Foundation Day in Pune, reaffirming its commitment to uplift underprivileged communities.The event featured engaging activities and included the awarding of scholarships to 90 unprivileged female students, showcasing FUEL?s dedication to improving lives through skill development and vocational training.Eminent personalities, policymakers, industry leaders, and g...
FUEL celebrates 17th Foundation Day, awards scholarship to 90 underprivileged students
FUEL celebrates 17th Foundation Day, awards scholarship to 90 underprivileged students
Source: IANS
2023-10-10 06:16:50 pm
Sushmita Sen says season 3 of `Aarya` will explore profound power of titular character The hit streaming show ?Aarya?, which stars actress and former Miss Universe Sushmita Sen in the titular role of Aarya Sareen, is set to return with its third season on November 3.The International Emmy nominated show will explore the profound power of the titular character as shared by Sushmita.The story of the show revolves around Aarya Sareen, a caring mother and a loving wife, who is unaware of the illegal business her husband is a part of. Things go bad for their family after Aarya's hus...
Sushmita Sen says season 3 of `Aarya` will explore profound power of titular character
Sushmita Sen says season 3 of `Aarya` will explore profound power of titular character
Source: IANS
2023-10-09 06:22:00 pm
Men`s ODI WC: Going to give Gill every chance to recover; he`s not ruled out yet, says Rohit Sharma India captain Rohit Sharma said the team is going to give opener Shubman Gill every chance to recover from an illness ahead of their 2023 Men?s ODI World Cup opening match against Australia at the MA Chidambaram Stadium on Sunday, adding that the right-hander is not yet ruled out of the high-octane clash.Gill didn?t attend India?s practice session at the stadium ever since the side touched down in Chennai and it emerged on Friday that the right-handed batter is under the weather possibly due ...
Men`s ODI WC: Going to give Gill every chance to recover; he`s not ruled out yet, says Rohit Sharma
Men`s ODI WC: Going to give Gill every chance to recover; he`s not ruled out yet, says Rohit Sharma
Source: IANS
2023-10-07 04:25:24 pm
Sectors with the highest 1-year dividend yield The metals and mining sector has the highest dividend yield of 5.2 per cent, as per an analysis by Trendlyne.Companies with the highest dividend yield in this sector are Vedanta, Hindustan Zinc and National Aluminium Company with 30.7 per cent, 19.8 per cent and 4.8 per cent, respectively.?Though Vedanta tops the list, its outsize dividend yield can be attributed to a 20 per cent drop in its stock price over the past year. This shows how a plummeting share price can push up yields, as per Tre...
Sectors with the highest 1-year dividend yield
Sectors with the highest 1-year dividend yield
Source: IANS
2023-10-02 04:00:46 pm
India government, central bank officials to finalise second half borrowing plan on Tuesday Officials of India's federal government and central bank are meeting in New Delhi on Tuesday to finalise the country's market borrowing plan for October to March, two sources told Reuters.India plans to borrow about 6.55 trillion rupees ($78.73 billion) in the second half of the current fiscal year that started April 1, according to government's budget estimates.However, India's market borrowing could be less than expected in Oct-March if small savings deposits are more than projected, econom...
India government, central bank officials to finalise second half borrowing plan on Tuesday
India government, central bank officials to finalise second half borrowing plan on Tuesday
Source: Reuters
2023-09-26 02:39:02 pm
Tata Motors tests export markets for EVs, to roll out EV-only dealerships in India Tata Motors, India's biggest electric carmaker, is testing its electric vehicles in some global markets where it could look at a potential launch if the experiment succeeds, its managing director told Reuters.The tests are in early stages and based on how the cars perform, Tata may need to make some changes to the product before it can finalise and develop a "go to market" strategy, Shailesh Chandra said in an interview."It is about which markets I should be in, with what products and with wh...
Tata Motors tests export markets for EVs, to roll out EV-only dealerships in India
Tata Motors tests export markets for EVs, to roll out EV-only dealerships in India
Source: Reuters
2023-09-14 05:25:05pm