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.
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
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.
South Korea to provide policy financing worth $12.2 billion for chip industry
Seoul, June 26 - The finance ministry here said on Wednesday it would provide low-interest loans of 17 trillion won ($12.22 billion) next month for corporate investment in the semiconductor industry and will push to extend tax benefits for investment in strategic technologies.
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.
Time to upgrade cybersecurity measures to address dynamic threat landscape: Centre
New Delhi, June 26 - In the wake of growing cyber threat incidents, the country needs to continuously upgrade cybersecurity measures to address new vulnerabilities and dynamic threat landscapes, the government has said.
Apple becomes first company to be charged with violating EU’s DMA rules
London, June 24 - European Union (EU) regulators on Monday opened a new investigation into Apple’s support for alternative iOS marketplaces in Europe under the Digital Markets Act (DMA), adding that the App Store's “steering” policies violate the DMA meant to encourage competition
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.
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.
Researchers find ChatGPT biased against CVs with credentials that imply disability
San Francisco, June 22 - Researchers have found that OpenAI's artificial intelligence (AI) chatbot ChatGPT consistently ranked curriculum vitae (CVs) or resumes with disability-related honours and credentials -- such as the 'Tom Wilson Disability Leadership Award' -- lower than the same resumes without