News

Rohit Sharma to join Indian team in Australia on Sunday India skipper Rohit Sharma is set to reunite with his team in Australia, joining the squad in Perth on November 24, the third day of the ongoing first Test of the Border-Gavaskar Trophy series. Rohit’s departure was delayed due to personal reasons, as he and his wife Ritika Sajdeh celebrated the birth of their second child, a baby boy, on November 15.  While the Indian team departed for Australia in three batches between November 9 and 11, Rohit opted to stay back in India to be...
Rohit Sharma to join Indian team in Australia on Sunday
Rohit Sharma to join Indian team in Australia on Sunday
Source: IANS
2024-11-21 05:55:30 pm
Over 9 in 10 Indian leaders anticipate an increase in cybersecurity budgets next year 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
Over 9 in 10 Indian leaders anticipate an increase in cybersecurity budgets next year
Source: IANS
2024-11-21 05:22:51 pm
Sanjay Murthy first Telugu bureaucrat to become CAG of India 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
Sanjay Murthy first Telugu bureaucrat to become CAG of India
Source: IANS
2024-11-21 04:44:08 pm
Strengthened by steel sector, India emerging as 5th largest global economic power: Kumaraswamy 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
Strengthened by steel sector, India emerging as 5th largest global economic power: Kumaraswamy
Source: IANS
2024-11-21 04:38:01 pm
Zaggle Prepaid Ocean Services touches roof on inking pact with Strada India Zaggle Prepaid Ocean Services is currently trading at its upper limit of Rs. 461.20, up by 21.95 points or 5.00% from its previous closing of Rs. 439.25 on the BSE. The scrip opened at Rs. 439.95 and has touched a high and low of Rs. 461.20 and Rs. 427.00 respectively. So far 26023 shares were traded on the counter. The BSE group 'T' stock of face value Rs. 1 has touched a 52 week high of Rs. 493.00 on 17-Sep-2024 and a 52 week low of Rs. 207.50 on 17-Jan-2024. Last one week ...
Zaggle Prepaid Ocean Services touches roof on inking pact with Strada India
Zaggle Prepaid Ocean Services touches roof on inking pact with Strada India
Source: Accord Fintech
2024-11-21 03:16:16 pm
Apple India posts 23 pc profit growth in FY24 amid iPhone demand surge  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
Apple India posts 23 pc profit growth in FY24 amid iPhone demand surge
Source: IANS
2024-11-21 02:38:52 pm
India`s export outlook brighter as manufactured goods gain share: RBI The outlook for India’s exports is brightening as underneath the subdued growth profile of the past few months, the country has been gaining a share in global trade of key manufacturing items, according to the RBI bulletin for November.  “In fact, India currently holds 13 per cent or a sixth of the global market share in petroleum products, attesting to rising refining capabilities and ability to meet international standards,” the report states. It is the largest ...
India`s export outlook brighter as manufactured goods gain share: RBI
India`s export outlook brighter as manufactured goods gain share: RBI
Source: IANS
2024-11-21 02:31:08 pm
Private consumption driving growth in Q3 with rural India taking lead: RBI  The slack in speed observed in the Indian economy during the second quarter of 2024-25 is behind us as private consumption is back to being the driver of domestic demand with festival spending lighting up real activity in Q3, according to the RBI’s monthly bulletin for November.   The report points out that rural India is emerging as a gold mine for e-commerce companies in this festival season; this is expected to gather further momentum with the sharp increase in kharif o...
Private consumption driving growth in Q3 with rural India taking lead: RBI
Private consumption driving growth in Q3 with rural India taking lead: RBI
Source: IANS
2024-11-21 02:23:43 pm
India`s consumer durable makers to log 11-12 pc growth in FY25 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
India`s consumer durable makers to log 11-12 pc growth in FY25
Source: IANS
2024-11-21 01:56:59 pm
Indian prefer Q-commerce for daily essentials, physical stores for high-value buying  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
Indian prefer Q-commerce for daily essentials, physical stores for high-value buying
Source: IANS
2024-11-21 01:50:03 pm
AI boom likely to trigger $3.8 bn flow into India`s data centre industry 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
AI boom likely to trigger $3.8 bn flow into India`s data centre industry
Source: IANS
2024-11-21 01:40:42 pm
Google launches new AI feature to tackle air pollution in India In a bid to combat the rising air pollution woes of India, tech giant Google on Wednesday launched Air View+ -- an artificial intelligence-based solution that can help the government and the people with useful hyperlocal air quality information.  Air View+ is powered by Google AI and works in collaboration with local climate tech firms. This can enable real-time hyperlocal air quality information, which includes local sustainability startups, researchers/climate action groups, corpora...
Google launches new AI feature to tackle air pollution in India
Google launches new AI feature to tackle air pollution in India
Source: IANS
2024-11-21 11:59:28 am
Air pollution behind surging lung cancer in non-smokers in India: Experts Lung cancer is significantly on the rise among non-smokers in India, and air pollution is a major contributing factor, said experts here on Thursday amid the continued poor air quality in the national capital.  After eight days of severe air pollution, Delhi on Thursday saw slightly improved air quality. At 7 am, the overall Air Quality Index (AQI) stood at 379, placing the city in the “very poor” category. “While traditional risk factors for lung cancer include s...
Air pollution behind surging lung cancer in non-smokers in India: Experts
Air pollution behind surging lung cancer in non-smokers in India: Experts
Source: IANS
2024-11-21 11:55:20 am
Indian MSMEs create about 10 crore jobs in 15 months 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
Indian MSMEs create about 10 crore jobs in 15 months
Source: IANS
2024-11-21 11:49:01 am
India`s economic activity growth reaches 8-month high in October The growth in economic activity in India improved markedly to an eight-month high of 10.1 per cent in October from 6.6 per cent in September, despite an unfavourable base, according to a report on Thursday.  The strengthening in growth momentum was led by the favourable impact of the departure of monsoon on sectors like mining and electricity, healthy demand during the festive season that boosted vehicle registrations, fuel consumption, air travel and the surge in exports, said the re...
India`s economic activity growth reaches 8-month high in October
India`s economic activity growth reaches 8-month high in October
Source: IANS
2024-11-21 11:25:26 am
India`s real GDP growth for September quarter likely to decline to 6.5%: ICRA Domestic rating agency Icra has said India's real GDP growth for the September quarter is likely to decline to 6.5 per cent due to heavy rains and weaker corporate performance. However, the agency maintained its FY25 growth estimate at 7 per cent on expectations of a pick up in economic activity in the second half of the fiscal. The estimates and commentary on the outlook come at a time when there are concerns around the growth slowdown on a slew of factors like slowing down urban demand....
India`s real GDP growth for September quarter likely to decline to 6.5%: ICRA
India`s real GDP growth for September quarter likely to decline to 6.5%: ICRA
Source: Accord Fintech
2024-11-21 10:25:02 am
Indian Hotels soars on earmarking capex of Rs 5,000 crore to double number of properties by 2030 Indian Hotels Company is currently trading at Rs. 765.50, up by 12.10 points or 1.61% from its previous closing of Rs. 753.40 on the BSE. The scrip opened at Rs. 760.00 and has touched a high and low of Rs. 768.00 and Rs. 754.20 respectively. So far 80319 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 768.00 on 21-Nov-2024 and a 52 week low of Rs. 413.50 on 22-Nov-2023. Last one week high and low of the scrip s...
Indian Hotels soars on earmarking capex of Rs 5,000 crore to double number of properties by 2030
Indian Hotels soars on earmarking capex of Rs 5,000 crore to double number of properties by 2030
Source: Accord Fintech
2024-11-21 10:10:06 am
Nokia wins multi-billion 5G deal from Bharti Airtel for India operations Nokia on Wednesday said it has been awarded a multi-year, multi-billion extension deal by Bharti Airtel to deploy 4G and 5G equipment across India.  This strategic partnership with Nokia will “future-proof our network infrastructure and provide customers with unparalleled user experience along with a network that will be eco-friendly to minimise environmental impact,” said Gopal Vittal, Vice Chairman and MD, Bharti Airtel. As part of the deal, for which financials were ...
Nokia wins multi-billion 5G deal from Bharti Airtel for India operations
Nokia wins multi-billion 5G deal from Bharti Airtel for India operations
Source: IANS
2024-11-20 04:32:59 pm
India sees 40 pc rise in PE, VC investment at $4.7 billion in Oct India saw private equity/venture capitalist investments worth $4.7 billion across 91 deals in October, a 40 per cent increase from September, a report showed on Wednesday.  Credit investments were the leading deal type in October, followed by growth investments, according to the IVCA-EY monthly PE/VC roundup. “October recorded $4.7 billion in PE/VC investments, 4 per cent higher than investments in October 2023 and 40 per cent higher than in September 2024. The number of deal...
India sees 40 pc rise in PE, VC investment at $4.7 billion in Oct
India sees 40 pc rise in PE, VC investment at $4.7 billion in Oct
Source: IANS
2024-11-20 04:02:32 pm
India`s insurtech sector delivers 12X revenue growth in 5 years India’s insurtech sector has delivered 12 times revenue growth over the last 5 years, with cumulative funding surpassing $2.5 billion and ecosystem valuation over $13.6 billion, a report showed on Wednesday.  The country has more than 150 insurtech companies, with 10 unicorns and soonicorns and more than 45 minicorns, with 12 times increase in revenue over the past five years to reach $750 million, according to the report by Boston Consulting Group (BCG) in collaboration with th...
India`s insurtech sector delivers 12X revenue growth in 5 years
India`s insurtech sector delivers 12X revenue growth in 5 years
Source: IANS
2024-11-20 03:57:35 pm
India`s auto parts industry poised to cross $80 bn revenue in 2024-25 The revenue of India’s automotive components industry is expected to cross $80.1 billion in FY2025 while exports have already touched $21.2 billion, according to B2B risk management consultancy Rubix Data Sciences.  While the country’s production of automotive components has been growing at an 8 per cent compound annual growth rate (CAGR) since FY2020, exports have recorded a CAGR of 10 per cent during the same period, the report says. One of the standout trends is the ...
India`s auto parts industry poised to cross $80 bn revenue in 2024-25
India`s auto parts industry poised to cross $80 bn revenue in 2024-25
Source: IANS
2024-11-20 03:54:11 pm
India will strengthen global health efforts: PM Narendra Modi to WHO chief `Tulsi Bhai` India will work towards efforts to boost global health, said Prime Minister Narendra Modi on Tuesday while pledging his support to World Health Organisation chief Dr. Tedros Adhanom Ghebreyesus, who he addresses as ‘Tulsi Bhai’.  He said this in response to Ghebreyesus’ post on X, thanking PM Modi and others for their support and contributions during the first-ever WHO Investment Round held in Brazil. The Prime Minister said that India is actively working in the h...
India will strengthen global health efforts: PM Narendra Modi to WHO chief `Tulsi Bhai`
India will strengthen global health efforts: PM Narendra Modi to WHO chief `Tulsi Bhai`
Source: IANS
2024-11-20 02:54:14 pm
Anil Agarwal Foundation Invests Rs.437 Crore to Transform 1.73 Crore Lives Across India in FY2023-24 The Anil Agarwal Foundation (AAF), the social impact arm of Vedanta Limited, has announced its impactful social initiatives for FY2023-24, contributing Rs.437 crore to transform the lives of over 1.73 crore individuals across India. The Foundation's annual Social Impact Compendium, titled "Nurturing, Transforming, Leading: India’s Growth Story", showcases its 153 high-impact social projects, which spanned over 1,200 villages and...
Anil Agarwal Foundation Invests Rs.437 Crore to Transform 1.73 Crore Lives Across India in FY2023-24
Anil Agarwal Foundation Invests Rs.437 Crore to Transform 1.73 Crore Lives Across India in FY2023-24
Source: PR Agency
2024-11-20 02:23:39 pm
Rupee resilient despite FII outflows, India`s contribution to world market cap grows  India's strong macroeconomic fundamentals - robust GDP growth, controlled inflation, managed twin deficits and record foreign reserves -have kept the rupee resilient despite foreign institutional investor (FII) outflows, a report showed on Wednesday.  Most of the emerging markets have experienced FII outflows during October amid uncertainty around US election, geopolitical tensions in middle east, stimulus announcement by China and rise in US yields. According to the repo...
Rupee resilient despite FII outflows, India`s contribution to world market cap grows
Rupee resilient despite FII outflows, India`s contribution to world market cap grows
Source: IANS
2024-11-20 12:00:59 pm
Indian short-form video platforms surpasses $200 mn revenue with over 250 mn users Indian short-form video (SFV) platforms have crossed $200 million in revenue, with a huge headroom for growth via monetisation including influencer marketing, video commerce and virtual tipping, a report showed on Wednesday.  India’s SFV market now engages close to 250 million monthly users and since the ban of Chinese TikTok in mid 2020, SFV platforms have seen a 3.6 times increase in daily active users, establishing themselves as a mainstream entertainment format, according to...
Indian short-form video platforms surpasses $200 mn revenue with over 250 mn users
Indian short-form video platforms surpasses $200 mn revenue with over 250 mn users
Source: IANS
2024-11-20 11:54:48 am
Indians lead advanced AI usage globally, early AI adoption saving them 2 hrs a day Nearly half (46 per cent) of Indian knowledge workers, among those surveyed, are now advanced users of artificial intelligence (AI), according to a report on Wednesday.  On the advanced AI usage, Indian workers have outpaced their counterparts in regions such as the US (34 per cent), Germany (32 per cent), France (26 per cent), and Australia (23 per cent), as per the report by Atlassian, a global leader in team collaboration and productivity software. The report outlined four stage...
Indians lead advanced AI usage globally, early AI adoption saving them 2 hrs a day
Indians lead advanced AI usage globally, early AI adoption saving them 2 hrs a day
Source: IANS
2024-11-20 11:27:00 am
Guyana, Barbados to honour PM Narendra Modi with highest national awards Guyana and Barbados are poised to bestow their highest national honours upon Prime Minister Narendra Modi, increasing his total count of international accolades to 19.   Guyana will present 'The Order of Excellence,' while Barbados will grant the esteemed 'Honorary Order of Freedom of Barbados' to the Prime Minister. Prior to reaching Guyana, Prime Minister Modi wrapped up his trip to Nigeria, where he engaged in fruitful bilateral talks with President Tinubu. Durin...
Guyana, Barbados to honour PM Narendra Modi with highest national awards
Guyana, Barbados to honour PM Narendra Modi with highest national awards
Source: IANS
2024-11-20 11:10:47 am
India producing 330 mn tonnes food grains, generating $50 bn in exports: Agriculture Minister  India now produces 330 million tonnes of food grains annually, contributing significantly to global food trade and generating $50 billion in export earnings”, Union Agriculture Minister Shivraj Singh Chouhan said on Tuesday. Addressing the ‘Global Soils Conference 2024’ in the national capital via videoconferencing, the agriculture minister said the government is committed to supporting initiatives that ensure sustainable and profitable agriculture, resilient ecosys...
India producing 330 mn tonnes food grains, generating $50 bn in exports: Agriculture Minister
India producing 330 mn tonnes food grains, generating $50 bn in exports: Agriculture Minister
Source: IANS
2024-11-20 10:47:49 am
India aims for equity and balance when negotiating FTAs: Piyush Goyal India looks for equity, balance and fair trade when negotiating a Free Trade Agreement (FTA) with countries, the government said on Tuesday.  Speaking at the 27th CITIC CLSA India Forum here, Union Commerce and Industry Minister Piyush Goyal said India enters into FTAs with countries which are transparent, open and where governments’ economic systems align with India. Minister Goyal asserted that fulfilling basic amenities of citizens has been the government’s priority ...
India aims for equity and balance when negotiating FTAs: Piyush Goyal
India aims for equity and balance when negotiating FTAs: Piyush Goyal
Source: IANS
2024-11-19 06:14:47 pm
PhonePe becomes top-rated app on Apple app store in India PhonePe on Tuesday announced that it has hit 6.4 million ratings on the Apple app store in India with an average rating of 4.7 stars.  This makes PhonePe the first Indian company to surpass the likes of YouTube, Instagram, and WhatsApp to become the top-rated app in volume of ratings on the iOS app store in the country. This phenomenal achievement comes on the back of superior user interface and experience (UX and UI), the highest transaction success rates, speed of transactions, and ...
PhonePe becomes top-rated app on Apple app store in India
PhonePe becomes top-rated app on Apple app store in India
Source: IANS
2024-11-19 05:43:43 pm
Credit, deposit growth now in line with each other in India After deposit growth outpaced credit offtake for the first time in the last 30 months some days back, the credit and deposits are now growing in line with each other, according to a report on Tuesday.  Credit offtake increased by 9.3 per cent to reach Rs 174.4 lakh crore (as of November 1) compared to December. The growth slowdown compared to last year can be attributed to a higher base effect due to the merger and RBI measures such as higher risk weights and the proposed LCR norms...
Credit, deposit growth now in line with each other in India
Credit, deposit growth now in line with each other in India
Source: IANS
2024-11-19 04:08:47 pm
Adani Power gains as India Ratings upgrades its term loan, working capital facilities to `AA/Stable` Adani Power is currently trading at Rs. 529.50, up by 2.90 points or 0.55% from its previous closing of Rs. 526.60 on the BSE. The scrip opened at Rs. 532.75 and has touched a high and low of Rs. 537.50 and Rs. 525.85 respectively. So far 158887 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 896.75 on 03-Jun-2024 and a 52 week low of Rs. 380.10 on 23-Nov-2023. Last one week high and low of the scrip stood at R...
Adani Power gains as India Ratings upgrades its term loan, working capital facilities to `AA/Stable`
Adani Power gains as India Ratings upgrades its term loan, working capital facilities to `AA/Stable`
Source: Accord Fintech
2024-11-19 03:04:16 pm
Indian coffee chain Blue Tokai targets three-fold revenue before deciding on IPO Indian coffee chain Blue Tokai is aiming for a nearly three-fold jump in annual revenue by 2027 before it decides whether to go public, its top boss told Reuters on Monday. Coffee culture is growing briskly in India, with the affluent in bigger cities increasingly working and holding meetings in cafes. To cash in on India's fast-growing $300 million speciality tea and coffee cafe market, Blue Tokai plans to operate about 350 cafes within the next three years in cities including Hyde...
Indian coffee chain Blue Tokai targets three-fold revenue before deciding on IPO
Indian coffee chain Blue Tokai targets three-fold revenue before deciding on IPO
Source: Reuters
2024-11-19 02:47:27 pm
India needs to look at taxation on batteries and EV charging services, official says India needs to look at taxation on batteries and charging services for electric vehicles, Tarun Kapoor, Prime Minister Narendra Modi's adviser, said on Tuesday. Taxation concerns on batteries for four-wheelers and charging stations have been flagged to the relevant authorities, Kapoor said at an event in New Delhi.
India needs to look at taxation on batteries and EV charging services, official says
India needs to look at taxation on batteries and EV charging services, official says
Source: Reuters
2024-11-19 02:44:43 pm
India plans minority stake sale in four state-run banks, source says The Indian government is considering selling minority stakes in four state-run banks to comply with public shareholding norms mandated by the country's markets regulator, a government source told Reuters. The finance ministry is likely to seek approval of the federal cabinet in the coming months to dilute the stake in Central Bank of India, Indian Overseas Bank, UCO Bank, and Punjab and Sind Bank, the source said. The Indian government owns more than 93% in Central Bank of India, 96...
India plans minority stake sale in four state-run banks, source says
India plans minority stake sale in four state-run banks, source says
Source: Reuters
2024-11-19 02:41:46 pm
India`s hospitality sector clocks double-digit revenue growth in July-Sep India’s hospitality sector continued to witness year-on-year growth in performance in July–September period, primarily driven by a rise in average daily rate (ADR), resulting in a revenue per available room growth of 10.8 per cent, according to a report released on Tuesday.  Hyderabad emerged as the revenue per available room (RevPAR) growth leader in Q3 2024 registering a growth of 23.6 per cent over Q3 2023, followed by Chennai and Mumbai with year-on-year growth of 17.7...
India`s hospitality sector clocks double-digit revenue growth in July-Sep
India`s hospitality sector clocks double-digit revenue growth in July-Sep
Source: IANS
2024-11-19 02:26:33 pm
India`s installed renewable energy capacity to reach 250 GW by March 2026 The installed renewable energy capacity (including large hydro) in India is projected to reach 250 GW by March 2026, from the level of 201 GW (as of September this year), according to a report on Tuesday.  The capacity addition will be driven by the large project pipeline of over 80 GW, following the significant improvement in tendering activity in FY24, according to credit ratings ICRA. Moreover, the tendering activity remained high in the current fiscal, in line with the 50 GW an...
India`s installed renewable energy capacity to reach 250 GW by March 2026
India`s installed renewable energy capacity to reach 250 GW by March 2026
Source: IANS
2024-11-19 02:16:36 pm
Mall operators in India to clock 12 pc revenue growth in 2024-25: Crisil Mall operators are projected to clock a healthy revenue growth of 10-12 per cent during the current financial year (FY25), building on last fiscal year’s 15 per cent spurt, according to a Crisil report released on Tuesday.  The growth will ride on contractual rental escalations, improvement in overall occupancy due to ramp-up of the malls launched in the last two fiscals, the full-year impact of malls launched during last fiscal, and an increase in share of tenant revenues suppo...
Mall operators in India to clock 12 pc revenue growth in 2024-25: Crisil
Mall operators in India to clock 12 pc revenue growth in 2024-25: Crisil
Source: IANS
2024-11-19 02:13:53 pm
Hyderabad fastest-growing among 6 Indian cities amid real estate surge Among six leading Indian cities, Hyderabad stands out as the fastest-growing one driven by robust infrastructure development and surging real estate demand, a report showed on Tuesday.  Meanwhile, Mumbai-MMR maintains steady growth across all metrics, reaffirming its position as India’s financial capital, and Delhi-NCR ranks highest for its superior physical infrastructure and governance, according to ‘India Prime City Index’ report by Knight Frank India. On the o...
Hyderabad fastest-growing among 6 Indian cities amid real estate surge
Hyderabad fastest-growing among 6 Indian cities amid real estate surge
Source: IANS
2024-11-19 02:07:59 pm
BFSI, flex spaces key demand drivers for office spaces in India The banking, financial services and insurance (BFSI) and Flex Spaces emerged as key demand drivers for office spaces in India in the July-September period, accounting for 39 per cent of the pan-India absorption and an increase of 20 per cent from the previous quarter, according to a report on Tuesday.  Conversely, the share of IT-ITeS sector declined from 38 per cent in Q2 2024 to 23 per cent in Q3. This demand shift may alter the demand-supply dynamics across the country, according t...
BFSI, flex spaces key demand drivers for office spaces in India
BFSI, flex spaces key demand drivers for office spaces in India
Source: IANS
2024-11-19 01:56:48 pm
Global private equity firm TA makes strategic investment in India-based Vee Healthtek Global private equity firm TA Associates on Tuesday announced the completion of a strategic growth investment in Vee Healthtek, a provider of technology-enabled solutions and services for healthcare organisations.  This partnership will enable India and US-based Vee Healthtek to leverage TA’s global resources and extensive experience in the healthcare sector to enhance technology capabilities, expand offerings, and fuel client success, the company said in a statement. Vee Hea...
Global private equity firm TA makes strategic investment in India-based Vee Healthtek
Global private equity firm TA makes strategic investment in India-based Vee Healthtek
Source: IANS
2024-11-19 01:50:59 pm
Indian aviation sector sets new record with over 5 lakh domestic passengers in a day Showcasing the country’s growing prominence in the global aviation landscape, the Indian aviation sector achieved a historic milestone on November 17, 2024, with 5,05,412 domestic passengers departing across the country in a single day. This is the first time domestic passenger numbers have surpassed the 5-lakh mark.  The passenger count has been increasing continuously after the UDAN (Ude Desh ka Aam Nagrik) scheme, which was launched by Prime Minister Narendra Modi on October ...
Indian aviation sector sets new record with over 5 lakh domestic passengers in a day
Indian aviation sector sets new record with over 5 lakh domestic passengers in a day
Source: Accord Fintech
2024-11-19 01:40:35 pm
Exploring Indian Tourism: A Journey Through Diversity India, known for its incredible diversity, offers a unique tapestry of experiences for travelers. From the snow-capped Himalayan peaks in the north to the sun-kissed beaches of Goa and Kerala in the south, India's tourism showcases its rich culture, natural beauty, and architectural marvels. Iconic Destinations Taj Mahal, Agra: A UNESCO World Heritage Site and symbol of love, the Taj Mahal stands as an iconic masterpiece of Mughal architecture. Jaipur's Hawa Mahal: Known as...
Exploring Indian Tourism: A Journey Through Diversity
Exploring Indian Tourism: A Journey Through Diversity
Source: Go Vishva
2024-11-19 12:57:17 pm
Century Plyboards (India) surges on hiking shareholding in Century Infotech Century Plyboards (India) is currently trading at Rs. 747.00, up by 4.70 points or 0.63% from its previous closing of Rs. 742.30 on the BSE. The scrip opened at Rs. 732.10 and has touched a high and low of Rs. 759.70 and Rs. 732.10 respectively. So far 1673 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 938.60 on 11-Oct-2024 and a 52 week low of Rs. 614.25 on 15-Apr-2024. Last one week high and low of the scrip...
Century Plyboards (India) surges on hiking shareholding in Century Infotech
Century Plyboards (India) surges on hiking shareholding in Century Infotech
Source: Accord Fintech
2024-11-19 12:51:33 pm
India`s Rice Procurement Deficit Eases Amid November Surge By Amit Gupta, Kedia Advisory India's rice procurement has narrowed its deficit to 11% from 20% due to a 5.44% rise in purchases during November. As of November 17, total procurement stood at 148.93 lakh tonnes, with Punjab and Haryana being the largest contributors. While some states like Uttar Pradesh reported higher purchases, others, including Tamil Nadu and Telangana, saw declines. The government has raised its procurement target to 492.11 lakh tonnes for 2024-25, ensuring sufficient supplies. With ongoing effort...
India`s Rice Procurement Deficit Eases Amid November Surge By Amit Gupta, Kedia Advisory
India`s Rice Procurement Deficit Eases Amid November Surge By Amit Gupta, Kedia Advisory
Source: Kedia Advisory
2024-11-19 11:32:34 am
COP29: India bats for enhanced climate finance, technology transfer India on Monday sought access to enhanced financial resources, technology transfer and technical cooperation, and capacity-building support, besides the availability of market-based mechanisms.   Speaking at the high-level ministerial roundtable on pre-2030 ambition at the 29th session of the climate change conference of parties (COP29) being held from November 11-22 in Azerbaijan’s capital Baku, Leena Nandan, Secretary with India’s Ministry of Environment, Forestry and...
COP29: India bats for enhanced climate finance, technology transfer
COP29: India bats for enhanced climate finance, technology transfer
Source: IANS
2024-11-19 11:30:03 am
Religare Broking signs MoU with FPSB India as Authorised Corporate Partner Religare Broking Ltd., one of the leading securities firms in India, has signed a Memorandum of Understanding (MoU) with FPSB India, joining as an Authorised Corporate Partner (ACP) to strengthen its commitment of offering client-centric financial services. FPSB India is the Indian subsidiary of Financial Planning Standards Board Ltd. (FPSB Ltd.), the global standards-setting body for the financial planning profession and owner of the international CERTIFIED FINANCIAL PLANNER (CFP®) ce...
Religare Broking signs MoU with FPSB India as Authorised Corporate Partner
Religare Broking signs MoU with FPSB India as Authorised Corporate Partner
Source: PR Agency
2024-11-19 11:22:42 am
Embedded finance to unlock $25 bn revenue opportunity for India`s platforms by 2030 Embedded finance can unlock $25 billion revenue opportunity for India’s digital and financial services platforms by 2030, a report showed on Tuesday.  Embedded finance means where financial services can exponentially expand customer reach by directly integrating within everyday consumer platforms, open digital networks and supply chains. According to the report by Elevation Capital, India’s leading early-stage venture capital firm, large consumer platforms in e-commerce...
Embedded finance to unlock $25 bn revenue opportunity for India`s platforms by 2030
Embedded finance to unlock $25 bn revenue opportunity for India`s platforms by 2030
Source: IANS
2024-11-19 11:02:05 am