Most of the state elections are now over, and the market may find stability as government spending will improve in the coming months to meet the FY25 capex target, market experts said on Saturday. The Indian benchmark indices recouped the current week’s losses on Friday with a strong bounce back as investors used the … Read more
The Trade and Economic Partnership Agreement (TEPA) has the potential to boost 99.6 per cent of Indian exports with market access to European Free Trade Association (EFTA) countries and drive $100 billion investment, the government said on Saturday. This was conveyed during the visit of a delegation led by Sunil Barthwal, Secretary, Department of Commerce … Read more
India is setting standards in pharmaceuticals and like the US Food and Drug Administration (FDA), we should also aim to create Bharat Food and Drug Administration (FDA) for global standards and benchmarks, Union Finance Minister Nirmala Sitharaman has stressed. Speaking at the 8th India Ideas Conclave organised by the India Foundation here, FM Sitharaman said … Read more
Commerce and Industry Minister Piyush Goyal on Friday urged the private sector to step up investments in high technology and sunrise sectors by leveraging the incentives offered under the government’s Rs 1 lakh crore fund to promote innovation. Addressing the India Ideas Conclave here, the minister highlighted that research and innovation remain key pillars in … Read more
Six pharma companies will invest Rs 5,260 crore to set up their manufacturing units in Telangana, it was announced on Friday. The government will allocate land for the establishment of the new pharma manufacturing units in the Pharma City. The MoUs in this regard were signed by representatives of the companies and the state government … Read more
The Coal Ministry executed the mining agreements for three coal blocks with successful bidders on Friday. The event marked the successful auctions of 104 coal blocks till date, since the launch of the new commercial coal mining policy in the country by Prime Minister Narendra Modi. The total annual revenue generation from these 3 coal … Read more
The Indian logistics, e-commerce, FMCG and consumer durables sectors saw a noticeable surge in workforce growth this festive season, and quick commerce saw substantial growth during the Diwali gifting period, with a 25-30 per cent increase in workforce compared to regular months, said a report on Friday. The industry’s rapid expansion continues post-festive season, with … Read more
India’s foreign exchange reserves stood at $657.89 billion while the gold component of the kitty was valued at $65.75 billion, as of November 15, according to official figures released by the RBI on Friday. India's foreign exchange reserves were at $675.65 billion on November 8 but since the RBI has been releasing dollars in the … Read more
Bulls roared on the Indian benchmark indices on Friday as Sensex surged more than 1,961 points and Nifty 557 points, while the stock market witnessed a significant broad-based rally from the oversold territory, predominantly led by large-cap stocks. The rally in financial stocks and strong US labour market data were among the factors that … Read more
The Union government has released Rs 448.29 crore for the rural local bodies in Karnataka as the first instalment of the 15th Finance Commission grant to the state during the Financial Year 2024-25, according to an official statement issued on Friday. These funds are for all eligible 5,949 Gram Panchayats of the state, the statement … Read more