IPO market boom: India held highest share globally in first half of 2024

India's equity market witnessed highest Initial Public Offerings (IPO) globally due to strong domestic inflow in the market, according to a report.   Wealth management firm Angel One Wealth said, "In the first half of 2024, more than 5,450 companies have been listed across the world, in which India's share was about 25 per cent." … Read more

Amazon appoints Samir Kumar as India operations head

 E-commerce giant Amazon on Wednesday appointed Samir Kumar as the country manager for India after the abrupt exit of Manish Tiwary.  Kumar, an Amazon veteran since 1999, is expected to assume operational responsibilities for India starting October 1, according to a company update today. "Amazon's 25-year veteran Samir Kumar will oversee Amazon's India consumer business … Read more

India, UK likely to hold next round of talks on proposed trade agreement in October: Sunil Barthwal

Commerce Secretary Sunil Barthwal has said that India and the UK are expected to hold the next round of talks for a proposed free trade agreement in October to resolve the pending issues and close the negotiations. He said the officials of the UK are briefing their new ministers about the proposed free trade agreement … Read more

4th Global RE-INVEST draws investment pledges worth Rs 32.45 lakh crore: Union Minister Pralhad Joshi

 The global Renewable Energy Investors' Meet and Expo (RE-INVEST) drew investment commitments worth Rs 32.45 lakh crore by 2030, Union Minister for New and Renewable Energy, Pralhad Joshi, said on Tuesday.   Addressing a press conference here, the minister informed that developers have committed an additional 570 GW, and manufacturers have committed additional manufacturing capacities … Read more

India achieved 2 out of 3 NDC targets under Paris Agreement: Environment Minister Bhupender Yadav

India has achieved two out of three quantitative nationally determined contributions (NDCs) targets of the Paris Agreement, nine years ahead of schedule, Union Environment, Forest, and Climate Change Minister Bhupender Yadav announced on Tuesday.  "It is a matter of great pride that India, under the leadership of our Hon’ble Prime Minister Shri Narendra Modiji, has … Read more

Time to tap GVCs to achieve $500 bn electronics manufacturing target by FY30: ICEA

As the country aspires to reach $500 billion electronics manufacturing by FY30 while creating 60 lakh jobs, the India Cellular and Electronics Association (ICEA) said on Tuesday it is keen to chart out a comprehensive strategy with the government to help the industry achieve this goal.  The electronics industry is currently at around $115 billion … Read more

MSME initiatives in first 100 days to boost entrepreneurship, create more jobs: Minister

The various initiatives launched over the past 100 days are aimed at promoting growth, boosting entrepreneurship, creating employment opportunities, Union Minister for Micro Small and Medium Enterprises, Jitan Ram Majhi, said here on Tuesday.  The achievements are reflective of the government’s commitment to ensuring the sustainable growth of the MSME sector, fostering innovation, and enhancing … Read more