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
Weddings now $130 bn industry in India, a family spending over Rs 12 lakh on average
New Delhi, June 25 - Indian weddings have always been a grand affair and now, an Indian family is spending, on average, more than Rs 12 lakh (nearly $14,500) on ceremonies which is five times the GDP per capita ($2,900) and more than
Raj becomes fourth state to yield gold; MP-based firm gets mining licence for Banswara
Jaipur, June 25 - After Karnataka, Andhra Pradesh and Jharkhand, Rajasthan has become the fourth state in India to yield gold, confirmed officials on Tuesday adding that the state government has completed the process of auctioning the Bhukia-Jagpura mining block for gold and
GIFT City, TiE join hands to foster entrepreneurship, economic growth
New Delhi, June 25 - Gujarat International Finance Tec-City (GIFT City) -- India's only International Financial Services Centre (IFSC) -- on Tuesday signed a memorandum of understanding (MoU) with non-profit organisation TiE (earlier known as The Indus Entrepreneurs) to drive economic growth, create
India’s manufacturing sector to reach $1.66 trillion by FY34 with GDP share at 21 pc
Mumbai, June 25 - Driven by the production-linked incentive (PLI) scheme, the country’s manufacturing sector is projected to expand threefold, reaching a market size of $1.66 trillion from the current $459 billion (FY24), a report showed on Tuesday.
Centre may increase welfare spending in upcoming budget: Report
New Delhi, June 25 - The Central government is likely to increase its welfare spending on social schemes by Rs 50,000 crore in the upcoming budget, due to robust tax collection and record dividend from the Reserve Bank of India (RBI), according to
Electric car sales in India to reach 1.3-1.5 lakh in FY25: Report
Mumbai, June 25 - With an improving adoption rate, electric car sales in India are likely to reach 1.3-1.5 lakh in the current fiscal year (FY25), according to a CareEdge Rating report.
Private defence firms in India to clock 20 pc revenue growth in FY25: Report
New Delhi, June 25 - Propelled by strong government impetus and the ‘Atmanirbhar Bharat’ initiative, the revenue of the top 25 private aerospace and defence companies is set to grow 20 per cent to Rs 13,500 crore this fiscal (FY25), a report showed
Corning, Optiemus Infracom set up India’s 1st cover-glass finishing facility
New Delhi, June 25 - US-based Corning International Corporation and homegrown Optiemus Infracom Limited on Tuesday broke ground on the Bharat Innovative Glass Technologies (BIG Tech) facility in Tamil Nadu to produce high-quality, finished cover-glass parts for mobile consumer electronics.
Sri Lankan cabinet clears proposal to turn military airbase into civil airport
Colombo, June 25 - Sri Lankan cabinet approved a proposal to make preparations to develop the Hingurakgoda airport in the North Central Province as a complete airport for civilian use, the government's information department said on Tuesday.
EU charges Microsoft over possibly abusive tying practices regarding Teams
San Francisco, June 25 - The European Union (EU) on Tuesday accused Microsoft of breaching antitrust rules with the 'abusive' bundling of its Teams and Office products.
Indian automotive & ancillary sector to reach Rs 15 lakh crore, create over 19 million jobs
Mumbai, June 25 - Buoyed by the government policies, the Indian automotive and ancillary sector is likely to double its size to Rs 15 lakh crore, providing employment to over 19 million people by the end of 2023, a report said on Tuesday,
Centre begins auction for telecom spectrum worth Rs 96,238 crore
New Delhi, June 25 - The Centre on Tuesday announced it has begun the auction of spectrum worth Rs 96,238.45 crore for telecom services.
TRAI tells mobile firms to enhance apps, web portals to curb spam messages
New Delhi, June 25 - In a bid to curb spam calls and messages, the government has issued fresh directions to mobile services providers.
On Gautam Adani’s birthday, video of Adani Group’s 2023 fight back takes internet by storm
New Delhi, June 24 - Gautam Adani, the Founder-Chairman of Adani Group, turned 62 on Monday, thereby adding yet another year of remarkable accomplishments and milestones for his various companies while contributing to the country’s wealth creation.
ADB approves $56 mn loan, grant to Kyrgyzstan
ADB approves $56 mn loan, grant to Kyrgyzstan Manila, The Asian Development Bank (ADB) on Monday said that it has approved the funding of $56 million to Kyrgyzstan to improve wastewater management and enhance sustainable and inclusive tourism in the Issyk-Kul region, renowned
Foreign portfolio investors bullish on Indian markets, pumps Rs 23,786 crore since June 10
New Delhi, June 22 - Buoyed by the policy and reform continuity, foreign portfolio investors (FPIs) have altered their position in the equity market following the election results, injecting Rs 23,786 crore since June 10, industry analysts said on Saturday.
India’s innovation ecosystem poised for exponential growth: Industry
New Delhi, June 22 - India's innovation ecosystem is poised for exponential growth, driven by robust government policies, increased venture capital and a dynamic talent pool, industry experts said on Saturday.