IPO-bound Hyundai Motor India Ltd (HMIL) has earmarked investments worth around Rs 32,000 crore for India till 2032, as the company predicts a strong and steady EV market growth till 2030. The company seeks to raise up to $3.26 billion through an IPO and shares are expected to begin trading on October 22. According to … Read more
India's Index of Industrial Production (IIP) saw a marginal contraction of 0.1 per cent in the month of August, against July's 4.7 per cent as manufacturing production rose by 1 per cent, the Ministry of Statistics data showed on Friday. In the manufacturing sector, the top three positive contributors were the manufacturing of basic … Read more
As India continues its journey towards becoming the skill capital of the world, the employable percentage of final-year and pre-final year students increased from 33.9 per cent in 2014 to 51.3 per cent in 2024, the government said on Friday. With one of the youngest populations in the world, India can realise its demographic dividend … Read more
With elevated crude oil prices amid global geo-political situations, the rupee on Friday breached the 84-mark against the US dollar for the first time. The rupee traded lower by 0.12 at 84.09, pressured by the recent rise in the dollar index from $100.50 to $102.40 and its steady hold. According to trade experts, the Middle … Read more
The ruling party’s stronger-than-expected performance in the assembly elections brought a degree of optimism to the domestic stock market this week amid global geo-political uncertainties, analysts said on Saturday. The broader market showed some resilience and attempted to bounce back, with the Nifty50 index finding support at the 24,800 level. However, this support remains tentative, … Read more
The government on Friday announced to establish cutting-edge education hubs in Maharashtra, including the Centre of Excellence (CoE) in artificial intelligence (Al), robotics, internet of things (IoT), Industry 4.0, 3D printing and allied technologies. The initiative is expected to create significant opportunities for students, providing them with the necessary skills and job placements to succeed … Read more
Noel Naval Tata, the newly-appointed Chairman of Tata Trusts, on Friday said he looks forward to carrying on the legacy of Ratan Naval Tata and the founders of the Tata Group. The Tata Trusts board met at a joint meeting held here and took the unanimous decision to appoint Noel Tata, the half-brother of Ratan … Read more
India's foreign exchange (Forex) reserves stood above $700 billion for the second-consecutive week, data from the Reserve Bank of India (RBI) showed on Friday. The foreign reserves stood at $701.18 billion as of October 4, a drop of $3.71 billion from the previous week, according to the RBI’s weekly bulletin. The country's Forex reserves of … Read more
India's foreign exchange reserves fell for the first time in eight weeks and came off a record high to stand at $701.18 billion as of Oct. 4, data from the Reserve Bank of India (RBI) showed on Friday. The reserves fell by $3.71 billion in the reporting week, after having risen by a total of … Read more
India's industrial output contracted for the first time in nearly two years, partly hurt by weak mining activity and lower electricity generation, government data showed on Friday. Industrial output fell 0.1% year-on-year in August, contrary to economists' expectations of 1.2% growth in a Reuters poll. The index had previously registered a contraction in October 2022, … Read more