India payments authority inks deal to develop payments system for Trinidad and Tobago

The overseas arm of India's National Payments Corporation of India (NPCI) will build a digital payments system for Trinidad and Tobago, modelled after India's United Payments Interface (UPI), according to a statement on Friday. The NPCI International Payments Limited (NIPL) said its deal with the Ministry of Digital Transformation of Trinidad and Tobago is to … Read more

Textiles industry to grow to $350 billion by 2030, create up to 6 crore jobs: Centre

The Indian textiles industry is estimated to grow to $350 billion by 2030, generating 4.5-6 crore jobs, the government said on Friday.  Setting a target of 50,000 metric tonne silk production and employment generation of 1 crore by 2030, Union Textiles Minister Giriraj Singh said cultivation of silk is linked to employment generation of farmers. … Read more

Indian hospitality sector`s revenue per available room to grow by 8-9 pc in FY25

The Indian hospitality sector is witnessing a boom and in FY25, the industry's revenue per available room is estimated to grow by approximately 8-9 per cent, a report showed on Friday.  According to rating agency CareEdge, the industry's revenue per available room registered a strong growth of 14 per cent during fiscal 2024. For FY25, … Read more

FPIs infuse over Rs 1.71 lakh crore in India this year to date, IPOs surge: Centre

 Foreign portfolio investments (FPIs) in India reached Rs 3,39,066 crore in the fiscal year 2023-24, underlining the resilience and attractiveness of the country’s financial landscape. In the current fiscal, FPIs have pumped in Rs 1,71,248 crore (year-to-date), according to the government.  As per NSDL data, foreign portfolio investors injected Rs 48,822 crore into Indian equities … Read more

Prioritising export growth must to reach $500 bn electronics manufacturing by FY30: Industry

 To achieve the goal of $500 billion local electronics manufacturing by FY30, the industry must prioritise export growth to emerge as one of the top three global exporters in this domain by 2030, industry players said on Saturday.  The electronics industry is growing at a rapid pace owing to multiple production-linked incentive (PLI) schemes. The … Read more