Lamor

India’s manufacturing industry regained growth momentum in October and the acceleration was supported by quicker increases in factory production and services activity, according to a new report.  India’s private sector economy continued to showcase robust growth in October, according to the latest HSBC ‘flash’ PMI survey compiled by S&P Global. Meanwhile, hiring was stronger in … Read more

The FIIs as per Friday's data were net sellers in both equity and debt segments, according to data released by the NSDL.  In equity segment, the gross buying was of Rs 12923.10 crore against gross selling of Rs 17759.65 crore. Thus, FIIs stood as net sellers of Rs 4836.55 crore in equities. In the debt … Read more

The bilateral trade between India and Germany has surpassed $30 billion and with Germany deciding to increase the number of visas for skilled Indians from 20,000 to 90,000 per year, Prime Minister Narendra Modi said on Friday that he was confident this will further boost Germany's economic growth.  Delivering the keynote address at the 18th … Read more

The Indian stock market closed with a big decline on Friday, as heavy selling was seen in all sectors, except pharma and FMCG.   Sensex fell more than 800 points in the afternoon trade. However, by the end of trading, the market recovered a bit and closed down by 662 points. The BSE Sensex closed … Read more

German Chancellor Olaf Scholz wants to deepen defence ties with New Delhi and bring the two countries' militaries closer, he said on Friday, after meeting Indian Prime Minister Narendra Modi. Germany has not traditionally had close defence ties with India, but is now pitching to join the latter's effort to wean its arms base from … Read more

The limit of Mudra loans under the Pradhan Mantri Mudra Yojana (PMMY) has been enhanced from the current Rs 10 lakh to Rs 20 lakh in keeping with the announcement by Finance Minister Nirmala Sitharaman in the Union Budget 2024-25, a statement said on Friday.   A new ‘Tarun Plus’ category has been created under … Read more

Global shares edged higher in choppy trading on Thursday, snapping three straight sessions of losses, while U.S. Treasury yields and strong corporate results allayed worries over upcoming U.S. elections and interest rate cuts. Tesla soared nearly 22% after CEO Elon Musk provided on Wednesday a forecast for robust car sales growth next year that reassured … Read more

Through the use of technology, India has taken a great leap forward not only in terms of bridging the digital divide but also ensuring gender inclusion, the government has stressed.  As the International Telecommunications Union-World Telecommunication Standardization Assembly (ITU-WTSA 2024) concluded in the national capital, Union Minister of Communications Jyotiraditya Scindia said the country has … Read more

In the AI era, data centres are going to be a powerhouse for the tech ecosystem and India's data centres capacity will increase to 5,000 megawatts in the next seven or eight years, Yotta Data Services co-founder-CEO and MD Sunil Gupta said on Thursday.   Speaking with IANS, Gupta said that India has grown from … Read more

The Institute of Advanced Study in Science and Technology (IASST), Guwahati, an autonomous institution of the Department of Science and Technology (DST), on Thursday signed a key research and development collaboration and product development agreement with Bharat Biotech International (BBIL).  The partnership aims to bring innovative health products developed from probiotics isolated from traditional fermented … Read more