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Business
India’s infrastructure push to be among largest in 21st century: KPMG
13 Nov 2024 12:06 PM IST
New Delhi, Nov 13: India is likely to see implementation of one of the biggest infrastructure programmes in 21st century, amongst the largest economies and creating fiscal sources of capital would be key to this initiative, according to a KPMG report. “Steps to unlock foreign and domestic capital...
Business
India’s solar product exports record over 20-fold jump to $2 bn in last 2 years
12 Nov 2024 12:31 PM IST
New Delhi, Nov 12: India’s exports of solar photovoltaic (PV) products surged 23 times to $2 billion in the fiscal year (FY) 2024 from FY22, according to a new report. This marks a significant progress in India transitioning from a net importer to a net exporter of solar products, according to a...
Business
India’s net direct tax collections surge 15.4 pc to Rs 12.1 lakh crore in...
12 Nov 2024 12:27 PM IST
New Delhi, Nov 12: India’s net direct tax collections, comprising corporate tax and personal income tax, shot up by a robust 15.4 per cent to Rs 12.1 lakh crore, from April 1 to November 10 during the current financial year, according to the latest figures released by the Central Board of Direct...
Business
Bitcoin may touch $100,000 by January end after Donald Trump takes office
12 Nov 2024 12:11 PM IST
New Delhi, Nov 12: World’s biggest cryptocurrency Bitcoin is heading towards $100,000 amid President-elect Donald Trump’s pro-crypto stance and promise for clearer cryptocurrency regulations. On Tuesday, the Bitcoin price was hovering around $87,880 apiece. Bitcoin price has surged about 30 per cent...
Business
Trump’s return likely to bolster India’s textile trade with US: Industry
11 Nov 2024 3:35 PM IST
New Delhi, Nov 11: The Confederation of Indian Textile Industry (CITI) on Monday said the return of Donald Trump as the next US President will bolster India's textile and apparel trade with its largest international market. In 2023, the US accounted for approximately 27 per cent of India’s total...
Business
Tokyo stocks end mixed amid caution before Japan PM vote
11 Nov 2024 3:33 PM IST
Tokyo, Nov 11: Tokyo stocks ended mixed on Monday amid a risk-off mood as Japan's lower house held a runoff vote to choose the Prime Minister for the first time in three decades. Leader of Japan's Liberal Democratic Party (LDP) Shigeru Ishiba was re-elected as the country's Prime Minister on Monday...
Business
In-Solutions Global fully authorised to issue Prepaid Payment Instrument under...
11 Nov 2024 3:32 PM IST
Mumbai, Nov 11: In-Solutions Global Ltd (ISG), a leading force in the payments industry, has been granted authorisation by the RBI to establish a payment system for the issuance and operation of Prepaid Payment Instruments (PPI). This approval, under the Payment and Settlement Systems Act,...
Business
Every rupee collected is accounted for so it doesn't get frittered away: FM...
9 Nov 2024 2:27 PM IST
Bengaluru, Nov 9: The government, under Prime Minister Narendra Modi, accounts for every rupee collected so that it doesn't get frittered away and common people benefit from the work that it is doing, Union Finance Minister Nirmala Sitharaman said here on Saturday.Addressing students at an event...
Business
Centre buys paddy worth Rs 27,995 crore in Punjab, 6.8 lakh farmers benefit
9 Nov 2024 2:21 PM IST
New Delhi, Nov 9: Food Corporation of India (FCI) and state agencies have procured 120.67 lakh metric tonne (LMT) paddy in Punjab during the ongoing kharif marketing season (KMS) 2024-2025 (as of November 8) worth Rs 27,995 crore, the government said on Saturday. A total quantity of 126.67 LMT of...
Business
Indian stock market remains on consolidation path, DIIs absorb heavy selling
9 Nov 2024 11:36 AM IST
Mumbai, Nov 9: The week saw Donald Trump returning to power in the US election amid a second consecutive rate cut by Fed this year, as the Indian stock market continued to experience consolidation due to heightened selling pressure from foreign institutional investors (FIIs). This broad based...
Business
India leads Asia Pacific office market with 70 pc of total demand
8 Nov 2024 12:09 PM IST
Bengaluru, Nov 8: India continued to lead the Asia Pacific office market activity in the July-September quarter, driving over 70 per cent of the total demand, according to a report on Friday. At 17.3 million square feet, India continued to lead the APAC office leasing activity. Within India, more...
Business
200 Indian women entrepreneurs set to raise Rs 850 cr from investors: Goldman...
8 Nov 2024 12:05 PM IST
Bengaluru, Nov 8: At least 200 women entrepreneurs in India are poised to raise an estimated Rs 850 crore $100 million from investors, helping to expand businesses and create new jobs, Goldman Sachs announced on Friday. According to Union Minister for Commerce and Industry Piyush Goyal, the ‘Goldman...
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