India has taken many massive strides in green energy and is committed to working with the world for a green future, said Prime Minister Narendra Modi on Thursday. In his virtual address to the first International Solar Festival being held in the national Capital, PM Modi said that a “clearer approach” and “remarkable growth … Read more
India's benchmark indexes ended marginally lower on Thursday as investors awaited further clarity on the health of the U.S. economy. The Nifty 50 index lost 0.21% to 25,145.10 points, while the S&P BSE Sensex shed 0.18% to 82,201.16. The indexes posted a second consecutive session of losses following a record rally. "There appears to be … Read more
Union Finance Minister Nirmala Sitharaman on Thursday said that the goods and services tax (GST) rate is much below the revenue neutral rate (RNR), originally suggested at 15.3 per cent, which means less burden on taxpayers. The current average GST rate has decreased to 12.2 per cent as of 2023, much below the revenue neutral … Read more
The Telangana government on Thursday unveiled its vision of Artificial Intelligence City, an ambitious project that will come up on 200 acres near Hyderabad. The state-of-the-art AI City will serve as a vibrant hub for the AI ecosystem, hosting an AI Advisory Council supported by an AI research and collaboration network, leading universities, global corporations, … Read more
In order to achieve a $30 trillion GDP by 2047, India will require a 20 times growth in the financial services sector, with banks playing a pivotal role, a report showed on Thursday. Future growth will require $4 trillion of capital base in banks, one-third of which will have to be fresh capital deployment, according … Read more
Minda Corporation is currently trading at Rs. 585.40, up by 12.20 points or 2.13% from its previous closing of Rs. 573.20 on the BSE. The scrip opened at Rs. 578.00 and has touched a high and low of Rs. 590.00 and Rs. 574.70 respectively. So far 17457 shares were traded on the counter. The BSE … Read more
Indian women are rising the corporate ladder as they are leading about 18 per cent of 111 unicorns (valued at $1 billion) in the startup and financial technology space, said Nirmala Sitharaman, Union Finance Minister. Speaking at a conference organised by the FICCI-FLO Chennai Chapter in Chennai, Sitharaman said the number of women directors in … Read more
In a bid to empower the farmers' community, the government is targeting to create digital identities for 11 crore farmers over the three fiscals which will be similar to Aadhaar card. The goal is part of ‘AgriStack’ initiative which has been designed as a farmer-centric Digital Public Infrastructure (DPI) to streamline services and scheme delivery … Read more
Indian rupee strengthened against the US dollar on Thursday, tracking weak American currency at overseas market and after data showing a slowdown in the US labour market fuelled bets on a big rate cut from the Federal Reserve later this month. Moreover, drop in crude oil prices and foreign fund inflows have also supported rupee … Read more
The Global Trade Research Initiative (GTRI) Founder Ajay Srivastava has said that the World Bank's suggestion for India to reconsider joining RCEP (Regional Comprehensive Economic Partnership) is based on flawed assumptions and outdated projections. He said for developing countries like India, policy decisions must be rooted in real-world data and a thorough understanding of the … Read more