India's core group exports surged 27.7 per cent in October with growth being particularly strong in categories such as engineering goods, electronic goods, chemicals, textiles, marine products and rice, according to a CRISIL report released on Monday. Growth improved for key core sectors such as engineering goods (39.4 per cent vs 10.6 per cent), … Read more
Pratiksha Chemicals is currently trading at Rs. 20.80, up by 0.61 points or 3.02% from its previous closing of Rs. 20.19 on the BSE. The scrip opened at Rs. 20.00 and has touched a high and low of Rs. 20.89 and Rs. 19.79 respectively. So far 230 shares were traded on the counter. The BSE … Read more
The transportation and logistics giant DHL Express, hotelier Hilton, and AbbVie have been ranked the top three among the world's 25 best workplaces in 2024, according to the report by Great Place To Work, a global authority on workplace culture, on Monday. The 2024 World’s Best Workplaces list is based on surveys from over 7.4 … Read more
Former Reserve Bank of India (RBI) governor C Rangarajan has said that India's healthcare expenditure is currently less than 2 per cent of its Gross Domestic Product (GDP) and the governments must urgently increase it. He stressed on the importance of ensuring efficient fund utilisation before increasing healthcare spending. Rangarajan said ‘in India, there is … Read more
India's central bank will launch a pilot programme in 2025 offering local cloud data storage to financial firms at affordable prices, according to two sources aware of the matter, who declined to be identified as conversations are confidential. The Reserve Bank of India's planned cloud platform will use local IT firms, pitting it against the … Read more
Most of the Indian enterprises (94 per cent) are now using generative AI (GenAI) in at least one function, the highest percentage globally across 19 countries surveyed, according to a report on Monday. However, only 24 per cent of Indian respondents believe their GenAI applications are production-ready as respondents across Asia-Pacific cite key hurdles including … Read more
Indian rupee strengthened against the US dollar on Monday due to a steady American currency overseas ahead of upcoming comments from US Federal Reserve officials this week for more cues on the interest rate path. Moreover, lower level of crude oil prices in the international market also supported rupee sentiments. Besides, India's inflation surge and … Read more
The tyre makers in India are likely to see revenue growth of 7-8 per cent this fiscal (FY25), driven by a 3-4 per cent increase in both realisations and volume, according to a report on Monday. Revenue will grow in single digit for the second straight year (albeit nearly double that of last fiscal) and … Read more
Amid rising private consumption, India’s strong growth is rendering it a key global fashion market for 2025, particularly for high-street players for their manufacturing needs, according to a new report. India’s mid-market fashion segment is also expected to grow around 12 to 17 per cent in 2025 compared to the projected low single-digit growth of … Read more
The development of a semiconductor unit in Morigaon, Assam, spearheaded by Tata Semiconductor Assembly and Test Pvt Ltd (TSAT) with an investment of Rs 27,000 crore is headed for completion in mid-2025, will be a game-changer for India’s semiconductor ecosystem, the Ministry of Electronics & IT said on Sunday. The Morigaon facility is expected to … Read more