News

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
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
Hyundai Motor India to set up 2 renewable energy plants for Rs 38 crore 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
Hyundai Motor India to set up 2 renewable energy plants for Rs 38 crore
Source: IANS
2024-11-21 02:05:58 pm
Nokia expands pact with Microsoft for data centre routers, switches 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
Nokia expands pact with Microsoft for data centre routers, switches
Source: IANS
2024-11-21 02:02:26 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
Ambuja Cements drives community-led plastic waste management in Vadnagar 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
Ambuja Cements drives community-led plastic waste management in Vadnagar
Source: PR Agency
2024-11-21 01:45:09 pm
RULOANS Fully-Digital Secured Loan Product on RUCONNECT App Garners Strong Market Response 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
RULOANS Fully-Digital Secured Loan Product on RUCONNECT App Garners Strong Market Response
Source: PR Agency
2024-11-21 01:41:57 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
Cumulative mobile number portability requests up since inception: TRAI 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
Cumulative mobile number portability requests up since inception: TRAI
Source: IANS
2024-11-21 12:09:06 pm
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
Delhi`s Khan Market ranked as 22nd most expensive high street globally   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
Delhi`s Khan Market ranked as 22nd most expensive high street globally
Source: IANS
2024-11-21 10:58:31 am
Sikkim introducing modern day technologies for fisheries: CM Prem Singh Tamang 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
Sikkim introducing modern day technologies for fisheries: CM Prem Singh Tamang
Source: IANS
2024-11-21 10:53:13 am
Women entrepreneurs driving innovation, growth in gem & jewellery sector: Smriti Irani 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
Women entrepreneurs driving innovation, growth in gem & jewellery sector: Smriti Irani
Source: IANS
2024-11-21 10:33:56 am
Government targets 100 pc ownership by women under PMAY-G scheme About 74 per cent of Pradhan Mantri Awas Yojana–Gramin (PMAY-G) houses are owned by women, and the scheme now aspires to provide 100 per cent ownership to women, the government said on Wednesday.  Skilled employment has also been a priority, with almost three lakh rural masons trained in disaster-resilient construction, boosting their employability, said the Ministry of Rural Development, as it celebrated ‘Awaas Diwas 2024’, the 8th anniversary of the PMAY-G scheme. ...
Government targets 100 pc ownership by women under PMAY-G scheme
Government targets 100 pc ownership by women under PMAY-G scheme
Source: IANS
2024-11-21 09:18:10 am
Co-op Dept backbone of economic development, says Punjab minister Harpal Singh Cheema Recognising the Cooperation Department as the backbone of Punjab’s economic development, the state’s Finance Minister Harpal Singh Cheema on Wednesday affirmed that under the leadership of Chief Minister Bhagwant Singh Mann the government is providing full support to the Cooperation Department.  Cheema made these remarks while addressing the state-level function on the last day of the 71st All-India Cooperation Week here. During the event, Cheema launched the web portal...
Co-op Dept backbone of economic development, says Punjab minister Harpal Singh Cheema
Co-op Dept backbone of economic development, says Punjab minister Harpal Singh Cheema
Source: IANS
2024-11-21 09:11:35 am
Industry hails SC granting telcos right to claim tax credits on infra duties Industry players on Wednesday welcomed the Supreme Court’s ruling in favour of telecom companies, which affirmed their entitlement to claim credit for duties paid on parts such as tower components and green shelters.  The judgement is likely to benefit key players like Bharti Airtel, Vodafone, Tata Teleservices, and Indus Towers, by allowing them to claim tax credits previously considered ineligible. The judgment was passed by a division bench of Justices B.V. Nagarathna and ...
Industry hails SC granting telcos right to claim tax credits on infra duties
Industry hails SC granting telcos right to claim tax credits on infra duties
Source: IANS
2024-11-20 06:18:04 pm
Microsoft unveils new features to empower every employee with Copilot AI As companies all over the world embrace artificial intelligence (AI), Microsoft has announced to empower every employee with its Copilot AI as a personal assistant, and to transform every business process with agents built in its Copilot Studio.  The newly-launched ‘Copilot Actions’ will automate everyday tasks with simple, fill-in-the-blank prompts that the users can set and forget. The company said it has dramatically improved Copilot performance — responses are...
Microsoft unveils new features to empower every employee with Copilot AI
Microsoft unveils new features to empower every employee with Copilot AI
Source: IANS
2024-11-20 06:14:35 pm
UDAN scheme enhancing regional connectivity, making it accessible for millions: Centre  The UDAN scheme has fuelled the civil aviation sector, transforming air travel by enhancing regional connectivity and making it accessible for millions, the government said on Wednesday.  On November 17, the domestic aviation sector reached a historic milestone as 5,05,412 domestic passengers took to the skies in a single day, marking the first time daily passenger numbers crossed the 5-lakh mark. With over 3,100 flights operating nationwide, this achievement highlights India...
UDAN scheme enhancing regional connectivity, making it accessible for millions: Centre
UDAN scheme enhancing regional connectivity, making it accessible for millions: Centre
Source: IANS
2024-11-20 04:37:10 pm
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
Date for resuming India-UK free trade talks to be finalised soon The Commerce and Industry Ministry announced on Wednesday that the schedule for holding the India-UK free trade talks in early 2025 would be finalised through diplomatic channels "at an early date".    "Subsequent to the meeting between Prime Minister Narendra Modi and the Prime Minister of the United Kingdom Keir Starmer on the sidelines of the G-20 Summit in Rio de Janeiro, Brazil, we welcome the announcement by the UK to relaunch the India-UK Free Trade talks i...
Date for resuming India-UK free trade talks to be finalised soon
Date for resuming India-UK free trade talks to be finalised soon
Source: IANS
2024-11-20 04:30:56 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
Annual addition to green energy capacity likely to surpass 35 GW The annual renewable energy installation capacity is likely to surpass 35 gigawatt over the next two years, primarily supported by a healthy pipeline of more than 100 gigawatt, according to a CareEdge Ratings report released on Wednesday.   The accelerated growth in renewable energy (RE) over the last 12 months has been an outcome of the growing ESG (environmental, social and governance) focus of corporates, buoyant investor interest, proactive policy support, and enhanced availabilit...
Annual addition to green energy capacity likely to surpass 35 GW
Annual addition to green energy capacity likely to surpass 35 GW
Source: IANS
2024-11-20 03:49:55 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
Festive Cheer Boosts Real Estate Sales in MMR & Pune, The Guardians Real Estate Advisory Reports Over Rs.1,000 Crore Sales Turnover   The festive season has proven to be beneficial to Mumbai and Pune's real estate markets, with industry statistics and sales numbers indicating a significant increase in buyer activity across the region. The Guardians Real Estate Advisory had the most festive sales turnover of Rs.1,019 crore in the Mumbai Metropolitan Region (MMR) and Pune. The company reported 638 apartments sold, totaling more than 4.23 lakh square feet of carpet space, indicating increasing demand as buyers ...
Festive Cheer Boosts Real Estate Sales in MMR & Pune, The Guardians Real Estate Advisory Reports Over Rs.1,000 Crore Sales Turnover
Festive Cheer Boosts Real Estate Sales in MMR & Pune, The Guardians Real Estate Advisory Reports Over Rs.1,000 Crore Sales Turnover
Source: PR Agency
2024-11-20 12:53:46 pm
Average Home Price in Top 7 Cities at INR 1.23 Cr in H1 FY25, up 23% in a Year Amid escalating demand for luxury homes after the pandemic, there have been record new launches and sales of costlier homes across the top 7 cities, finds latest ANAROCK data. The average ticket size of homes sold in these cities was INR 1.23 crore in H1 FY 2025, against INR 1 Cr in the corresponding period of FY 2024. Anuj Puri, Chairman - ANAROCK Group, says, "Over 2,27,400 units worth approx. INR 2,79,309 Cr were sold across the top 7 cities between April and September 2024. Contra...
Average Home Price in Top 7 Cities at INR 1.23 Cr in H1 FY25, up 23% in a Year
Average Home Price in Top 7 Cities at INR 1.23 Cr in H1 FY25, up 23% in a Year
Source: PR Agency
2024-11-20 12:42:59 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
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
Adani Airport Holdings likely to list in next 2-3 years The initial public offering (IPO) of Adani Airport Holdings Limited (AAHL), the airport unit of the diversified Adani Group, is likely to go for its public debut in the next two to three years.  Jeet Adani, Director of Adani Airport Holdings Ltd, said in a media report that he wants to focus on three things before bringing the company's IPO. First is the commercialisation and stabilisation of Navi Mumbai, which will start next year. Second is city-side development around the...
Adani Airport Holdings likely to list in next 2-3 years
Adani Airport Holdings likely to list in next 2-3 years
Source: IANS
2024-11-19 03:48:40 pm
60% of Healthcare job postings aimed at women in the last three months, reports apna.co Amidst a rapidly expanding healthcare sector, Apna.co, India's leading job and professional networking platform, has observed a notable shift, with over 60% of the recent 40,000 healthcare job postings specifically targeting women healthcare professionals in the last 3 months. This increase in demand for female healthcare professionals is largely driven by expanded government spending on public healthcare and the development of healthcare services in underserved Tier 2 and 3 cities by pri...
60% of Healthcare job postings aimed at women in the last three months, reports apna.co
60% of Healthcare job postings aimed at women in the last three months, reports apna.co
Source: PR Agency
2024-11-19 03:12:40 pm
SPJIMR launches `Sashakt` to empower small business entrepreneurs Bharatiya Vidya Bhavan’s S.P. Jain Institute of Management and Research’s (SPJIMR) Centre for Family Business & Entrepreneurship (CFBE) is pleased to announce the launch of Sashakt, a new community-focused initiative aimed at empowering small business entrepreneurs (SBEs) from underprivileged backgrounds in Mumbai’s Andheri K-West Ward. Beginning in December 2024 and running through March 2025, this programme seeks to provide vital knowledge and skills to help these...
SPJIMR launches `Sashakt` to empower small business entrepreneurs
SPJIMR launches `Sashakt` to empower small business entrepreneurs
Source: PR Agency
2024-11-19 02:56:49 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
Satya S Tripathi joins cleantech firm Attero’s Board of Directors E-waste recycler and world’s best lithium-ion battery recycling company Attero on Tuesday said that Satya S Tripathi has joined as an Independent Member of its Board of Directors.  With his wealth of experience in sustainable development and innovative finance, Tripathi’s appointment marks a significant milestone in Attero's journey towards facilitating a future free of virgin mining in critical minerals. He will be instrumental in guiding Attero’s mission of ...
Satya S Tripathi joins cleantech firm Attero’s Board of Directors
Satya S Tripathi joins cleantech firm Attero’s Board of Directors
Source: IANS
2024-11-19 02:36:18 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
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
Kerala targets Rs 1,000 crore investment in Ayurveda sector  Kerala has set a target of attracting investments worth Rs 1,000 crore in the Ayurveda sector before the Invest Kerala Global Summit, which will be held in the port city in February.   Industries Minister P. Rajeev made the announcement at the sectoral meeting on ‘Ayurveda and Pharmaceuticals’, which was organised by the Kerala State Industrial Development Corporation (KSIDC) here as a build-up to next year’s summit. He interacted with Ayurveda entrepreneurs...
Kerala targets Rs 1,000 crore investment in Ayurveda sector
Kerala targets Rs 1,000 crore investment in Ayurveda sector
Source: IANS
2024-11-19 10:54:26 am