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
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
The Indian stock market continued to witness the bull run this week, marking a 1.7 per cent increase and the third consecutive weekly gain, with Sensex hitting 85,000 for the first time and Nifty trading at an all-time high. The benchmark indices saw a phase of sector rotation. Large-cap stocks are receiving more inflows compared … Read more
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
India has signed Biodiversity Beyond National Jurisdiction (BBNJ) — an international agreement to protect marine biodiversity on the high seas, External Affairs Minister Dr. S. Jaishankar informed. Jaishankar signed the BBNJ agreement at the UN Headquarters in New York. “Signed the Biodiversity Beyond National Jurisdiction (BBNJ) Agreement today at the UN HQ,” he informed in … Read more
India became the second largest steel producer with a capacity of 178 million tonnes and production of 144 million tonnes in FY24, which is projected to reach 300 million tonnes by 2030. Minister of State for Steel and Heavy Industries, Bhupathiraju Srinivasa Varma, said that India’s and global demand for steel will continue to grow … Read more
Tata Motors on Saturday held the groundbreaking ceremony of its new Rs 9,000 crore facility in the state that will manufacture and export next-gen vehicles for Tata Motors and Jaguar Land Rover (JLR). Situated at Panapakkam in Ranipet district, the plant will cater to both domestic and international markets, while creating over 5,000 jobs. Tata … Read more
The Indian startup ecosystem continued its growth momentum this week with securing nearly $461 million which included 10 growth-stage deals. At least 29 startups were part of the funding week, which saw 18 early-stage deals, as one startup kept financial details undisclosed. Global digital adoption platform (DAP) leader Whatfix secured $125 million in a Series … Read more
As India aims to become a $3 trillion tourism economy by 2047, it is fast becoming one of the world's most sought-after travel destinations with 14.3 million international tourists in 2022 and $17.6 billion in revenue. The country saw 9.2 million foreign tourist arrivals in 2023, signifying a positive post-pandemic revival. The tourism industry showed … Read more
The government on Saturday said it is working on nearly 100 rules and laws of various departments to bring ‘Jan Vishwas 2.0’ bill to achieve a greater ease of doing business environment in the country. The Department for Promotion of Industry and Internal Trade (DPIIT) said in a statement that the work is being done … Read more