The outlook for the market for next week will be guided by the major domestic and global economic data such as India Nikkei S&P Global manufacturing and services PMI data, India RBI MPC meeting minutes, US initial jobless claims, FII activities and quarterly results, according to the experts. Between October 21 and 25, the results … Read more
The vehicle exports from India bounced back in the first six month of the current financial year (FY25) compared to the same period last fiscal, with more than 2.52 million automobiles shipped abroad. The auto exports stood at 25,28,248 units in H1 FY25 (compared to 22,11,457 units in H1 FY24) — a 14 per cent … Read more
India's trade minister on Saturday said the country has sought a critical mineral partnership agreement with the United States as he hopes for talks on a broader trade pact between the two nations. "I had suggested that critical mineral MoU (memorandum of understanding) to be converted to a critical mineral partnership and become a starting … Read more
The government has set the national target of food grain production at 341.55 million metric tonnes in the financial year 2024-25. To meet the increasing demand of edible oil in the country and to become self-reliant, the government aims at increasing the production of oilseeds from 39.2 million metric tonnes (MMT) in 2022-23 to 69.7 … Read more
In a significant development, the Group of Ministers (GoM) on Saturday agreed upon some Goods and Services Tax (GST) rate revisions that are likely to bring in an additional Rs 22,000 crore revenue. The GoM, headed by Bihar Deputy Chief Minister Samrat Chaudhary, suggested raising GST rates on several luxury items, including high-end wristwatches and … Read more
Driven by rural demand ahead of the festive season, the Indian smartphone market grew 9 per cent in the July-September period, shipping 47.1 million units, according to a new report. Vendors cleared inventory through early monsoon sales across online and offline channels to gear up for the festive season, according to market research firm Canalys. … Read more
Leading the standards development process at global level, India saw its candidates being elected in leadership positions in all 10 study groups of the International Telecommunication Union's (ITU) Standardisation sector (ITU-T), it was announced on Saturday. While India retained Chair position in one group, it secured Vice-Chair positions in all other nine study groups and … Read more
The shipment of generative AI (GenAI) smartphones is forecast to surpass 730 million units by 2028, according to a new report. The shipment share of GenAI smartphones is forecast to reach 19 per cent this year and by 2028, this is expected to reach 54 per cent, according to Counterpoint Research. This growth would be … Read more
The funding momentum bounced back for the Indian startup ecosystem this week, with 39 startups raising around $449 million across 29 deals — an over 300 per cent jump from the $135 million raised last week. This week saw 12 growth-stage and 16 early-stage deals. The seed funding stood at $26.5 million, a surge of … Read more
DigiLocker, the flagship e-governance platform, is empowering millions of citizens with digital tools to simplify their lives, the IT Ministry said on Saturday. Thousands of citizens tuned in live from across the country for ‘Ask Our Experts’, a unique weekly live programme by the National e-Governance Division (NeGD), part of the IT Ministry, streamed on … Read more