harshvirani 
Driven by strong GDP growth and robust manufacturing and emphasis on building infrastructure, India is on its way to becoming the third largest economy soon and has the potential to add $1 trillion to its GDP every 1.5 years to reach the $10 trillion economy mark by 2032, a new report showed on Saturday. … Read more
The Indian startup ecosystem saw massive funding flow this week at more than $628.24 million raised by 36 startups — a whopping 174.5 per cent surge from last week. The funding momentum was led by edtech company Physics Wallah (PW) which secured $210 billion in its Series B funding round and took the company’s valuation … Read more
The Employees' Provident Fund Organisation (EPFO) has announced to spend Rs 13.10 crore for welfare of its 15,529 employees across 145 offices in FY25, which includes Rs 74.37 lakh for holiday homes. According to an EPFO circular, Rs 2 crore has been allocated as central pool (death relief fund). The budget includes Rs 94.25 lakh … Read more
Keeping the upward trajectory, the Reserve Bank of India (RBI) saw net foreign direct investment (FDI) growing in the first four months of FY25, owing to an increase in gross FDI flows. The gross inward FDI grew by 23.6 per cent (year-on-year) to $27.7 billion during the April-July period — from $22.4 billion a year … Read more
The foreign institutional investors (FIIs) turned aggressive buyers this week with infusing Rs 14,064 crore in the cash market as Indian markets remained resilient amid robust economy performance, data showed on Saturday. Total FII investment till September 20 stood at Rs 33,699 crore, taking the total FII investment in the country to Rs 76,585 crore … Read more
Boosting its international presence, Indian hospitality major Oyo’s parent company Oravel Stays is acquiring Motel 6 and Studio 6 chain with about 1,500 facilities across the US and Canada from the investment company Blackstone in a $525 million cash deal, the US firm said on Friday. With the acquisition of G6 Hospitality, parent company … Read more
After a sideways start, the Indian benchmark indices gained momentum this week after a surprise 50 bps rate cut by the US Fed Reserve, as Sensex crossed 84,000 for the first time and Nifty hit a new all-time high. As per market watchers, the apprehension of a slowdown in growth was eased slightly after the … Read more
India and Brazil have reinforced their commitment to strengthen existing collaboration in the energy sector, including Indian upstream investment, mutually beneficial relationship in bilateral trade and cooperation in sustainable fuels, particularly biofuels, it was announced on Saturday. During his three-day visit to Brazil from September 19-21, Minister of Petroleum and Natural Gas, Hardeep Singh Puri, … Read more
Adani Total Gas Ltd (ATGL) on Friday said it has secured the largest global financing in the city gas distribution business, at $375 million, which will help the company cater to over 200 million people, covering 14 per cent of India's population. The maiden financing, executed with international lenders, includes an initial commitment of $315 … Read more
Household consumption is poised to grow faster in the second quarter of the current fiscal (FY25) as headline inflation eases, with a revival of rural demand already taking hold, the Reserve Bank of India (RBI) said on Friday. Private consumption and gross fixed investment were robust in India and net exports remained sequentially positive in … Read more