Business activity surges in June, hiring at 18-year high: PMI survey
New Delhi, June 21 - Output growth across India's private sector regained growth in June with business activity increasing at quicker rates among manufacturing companies and services firms while hiring of workers shot up to an 18-year high, according to HSBC’s flash PMI
NSE warns investors of individuals, entities promising assured returns in stock market
New Delhi, June 21 - The National Stock Exchange (NSE) issued an advisory on Friday cautioning investors of certain individuals and entities promising assured returns on investment in the stock market.
Japan’s Takeda allows Sun Pharma, Cipla to market gastro drug in India
Mumbai, June 21 - Japan's Takeda Pharmaceutical gave India's Sun Pharmaceutical and Cipla the rights to commercialise the gastrointestinal drug Vonoprazan in the country.
Indian jewellery sector revenue shoots up by over Rs 1 lakh crore in 5 years: Report
Mumbai, June 21 - India's jewellery retail sector has recorded rapid growth in the last five years surging from Rs 5,04, 400 crore in 2019 to 6,40,000 crore in 2024 on the back of rising incomes in the economy and greater trust in
152 Indian startups on track to turn unicorns over next 5 years: Report
New Delhi, June 21 - At least 152 Indian startups are on track to turn unicorns from 31 cities over the next 3 to 5 years to its current tally of 67 unicorns, a new report has said.
Upcoming Union Budget a blueprint of path towards Viksit Bharat by 2047: PHDCCI
New Delhi, June 20 - Terming the upcoming Union Budget 2024-2025 a blueprint of the path towards becoming Viksit Bharat by 2047, the PHD Chamber of Commerce and Industry (PHDCCI) said on Thursday that calibrated steps to enhance domestic sources of growth would
Blinkit’s rival Zepto raises $665 mn at a $3.6 bn valuation, to go public soon
Mumbai, June 21 - Quick delivery platform and Blinkit’s rival Zepto on Friday said it had raised $665 million at a $3.6 billion valuation in a highly oversubscribed round -- just nine months after the company raised $235 million at a $1.4 billion
Space startups up 200X in just 2 years, India’s share in global space to rise 4X by 2030
New Delhi, June 21 - There has been a massive 200 times increase in the number of space startups in the last two years owing to the major policy decision taken by Prime Minister Narendra Modi to open up the space sector, Union
Indian CEOs prioritise tech investments, including towards AI: report
New Delhi, June 21 - Indian CEOs are prioritising technology investment, including artificial intelligence (AI) but stay guarded amid data security challenges, according to a report.
Sensex trades higher led by IT stocks
Mumbai, June 21 - Indian equity indices opened in green on Friday as Infosys, Wipro, and Tech Mahindra were top gainers.
EV startups from India, EU pitch innovative tech in battery recycling
New Delhi, June 21 - In a bid to enhance the Electric Vehicle (EV) landscape and ecosystems in India and Europe, the India-European Union Trade and Technology Council (TTC) organised an event, featuring 12 high-impact startups in battery recycling technologies for EVs.
S. Korea, Germany discuss ways of stronger industry ties during ministerial talks
Seoul, June 21 - South Korea's Industry Minister Ahn Duk-geun met with Germany's top economic policymaker in Seoul on Friday to discuss ways of enhancing bilateral relations on advanced industries, energy and broader economic ties, officials said.
Asset right growth strategy boosts Storii by ITC Hotels on a high growth trajectory
New Delhi, June 21 - Strengthening the presence of Brand Storii, ITC’s Hotel Group has announced the signing of two Storii resorts in Rajasthan.
Rs 3,500cr worth of illicit goods seized by DRI in FY23-24: Official
New Delhi, June 21 - Mohan Kumar Singh, Principal Director General of the Directorate of Revenue Intelligence (DRI), said that illicit trade through smuggling and counterfeiting poses an immense threat and impacts legitimate economic activities resulting in government revenue losses and fuelling of
IndiGo ties up with Garuda to train fresh pilots
New Delhi, June 20 - Leading low-cost carrier IndiGo has partnered with Garuda Aviation Academy to train fresh pilots as future junior first officers, under the airline's Cadet Pilot Program.
Coal Ministry going for major reforms to ensure responsible mining
New Delhi, June 20 - The Ministry of Coal on Thursday announced that it has revised the framework of preparation of the Mining Plan, a pivotal step to regulate and advance India's coal mining sector, and issued draft guidelines for consultation.
DGFT rolls out Faceless Automation system to fix Input-Output Norms for exporters
New Delhi June 20 - In line with ongoing efforts to modernise and streamline foreign trade procedures the Directorate General of Foreign Trade (DGFT) has decided that ad-hoc Input Output Norms will be determined through a rule-based, system-driven process, aimed at improving the
Indian scientists decode new class of materials for energy harvesting, power generation
New Delhi, June 20 - Scientists from Jawaharlal Nehru Centre for Advanced Scientific Research (JNCASR) Bengaluru, an autonomous institution under the Department of Science & Technology (DST), on Thursday provided groundbreaking insights into a new class of materials for energy harvesting and power
EPFO adds record 18.92 lakh members in April reflecting rise in jobs
New Delhi, June 20 - The Employees' Provident Fund Organisation (EPFO) has added 18.92 lakh net members during April this year which is the highest since the first payroll data was published in April 2018, according to figures released by the Ministry of
Scarce rain, excessive heat caused fall in tea production in Assam, Bengal: Industry
Guwahati, June 20 - Insufficient rainfall and excessive heat are hampering production of tea to a great extent during the current cropping season in Assam and West Bengal, industry sources said on Thursday.