Global fintech industry sees robust 14 pc revenue growth, India shows the way
New Delhi, June 26 - Despite significant shifts in funding and valuations, the global fintech industry saw a robust annual revenue growth of 14 per cent from 2021 to 2023, a report showed on Wednesday, adding that India is reaping the benefits of
India’s FMCG sector poised to clock 7 to 9 pc growth rate in 2024: Report
New Delhi, June 26 -: India’s FMCG (fast-moving consumer goods) sector is expected to post a growth rate of 7-9 per cent in 2024 on the back of government initiatives to stimulate consumption and create more jobs, according to a report.
Rajasthan: 7-hour power cut in industrial units start today
Jaipur, June 26 - The Government of Rajasthan has announced power cuts in industrial units in the state from Wednesday onwards.
Sensex trades flat amid selling in midcap stocks
Mumbai, June 26 - Indian equity benchmarks opened flat on Wednesday following selling pressure on midcap stocks.
Hyundai, Kia, Tesla, Volkswagen to recall over 456,000 vehicles for faulty parts
Seoul, June 26 - Hyundai Motor, Kia and two other carmakers will voluntarily recall more than 456,000 vehicles due to faulty components, the transport ministry here said on Wednesday.
OpenAI’s ChatGPT now available for all Apple Mac users
New Delhi, June 26 - Sam Altman-run AI company OpenAI on Wednesday announced that ChatGPT is now available for all Apple Mac users.
Samsung to unveil new AI-enabled foldable smartphones next month
New Delhi, June 26 - Samsung Electronics is expected to unveil new Galaxy series foldable smartphones with artificial intelligence (AI) features next month.
India’s debt-GDP ratio dips to 18.7 per cent in March 2024
Mumbai, June 25 - India's external debt to GDP ratio declined to 18.7 per cent at end-March 2024 from 19.0 per cent at end-March 2023, reflecting a strengthening of the country's macroeconomic fundamentals.
PLI scheme to be expanded to garment sector: Textiles Minister
New Delhi, June 25 - Union Textiles Minister Giriraj Singh on Tuesday announced that the Rs 10,000 crore PLI scheme will be expanded to the garment sector to boost domestic manufacturing and exports.
Annual credit plan of Rs 41 lakh crore proposed for 2024-25 for Maharashtra
Mumbai, June 25 - The Maharashtra State Level Bankers Committee (SLBC) meeting chaired by Chief Minister Eknath Shinde on Tuesday proposed an annual credit plan of Rs 41,00,286 crore for 2024-25 against Rs 33,90,601 crore, which is 20.93 per cent higher than the
Beauty & Wellness sector to provide opportunities to around 3cr people by 2030: Minister
New Delhi, June 25 - Beauty & Wellness sector is set to provide opportunities for close to 3 crore people by 2030 and contribute to a 5 lakh crore industry with significant prospects across the Asia-Pacific (APAC) region, Union Minister of State for
Rajasthan govt will help investors at every level, says CM Sharma
Jaipur, June 25 - Rajasthan Chief Minister Bhajanlal Sharma said on Tuesday that there are immense possibilities for investment in the state.
Goa launches ‘Exit Support Scheme’ for sick industrial units
Panaji, June 25 - To bring around 423 sick industrial units into functional mode, the Goa government on Tuesday launched the Exit Support Scheme for the current lease owners.
India seeks global cooperation in sugarcane, biofuel sectors to fight climate change
New Delhi, June 25 - India sought closer global cooperation to increase the production of sugarcane and biofuels to enhance the welfare of farmers and fight climate change at the 30-nation meeting of the International Sugar Organization (ISO) that began here on Tuesday.
C-DAC, AICTE partner to create industry-ready workforce for high-performance computing
New Delhi, June 25 - In a bid to build an ecosystem for skilled talent in high-performance computing (HPC) and allied areas, the Centre for Development of Advanced Computing (C-DAC) on Tuesday joined the All India Council for Technical Education (AICTE).
Indian bond inclusion likely to impact weight of three EMs
Mumbai, June 25 - Indian bonds will start getting included in the JP Morgan Emerging Market Bond Index (GBI EM Index) from June 28 this year.
LIC issues warning over entities offering to buy life insurance policy
Mumbai, June 25 - The Life Insurance Corporation of India (LIC) has sounded an alert for its customers over news reports that some entities were offering to acquire policies from existing LIC policyholders as an alternative to having them surrendered to LIC.
ICICI Bank 6th Indian company to surpass $100 bn market cap
Mumbai, June 25 - ICICI Bank on Tuesday became the sixth Indian company to surpass $100 billion market capitalisation, as its stock surged to an all-time high.
Indian Railways to deploy Kavach system on 44,000 kms of tracks in next 5 years
New Delhi, June 25 - Indian Railways aims to deploy the Kavach system on 44,000 kms of tracks to avoid train accidents in the future, according to a media report.
Indian pharma formulations sector to more than double to Rs 5.5 trn by 2034: Report
New Delhi, June 25 - India's Domestic Pharma Formulations (DomForm) market, which includes branded generic medicines, is expected to more than double and cross Rs 5.5 trillion in the next 10 years at a CAGR of 10 per cent, according to a new