Government okays export of 99,150 MT of onions to six nations

The Ministry of Consumer Affairs, Food and Public Distribution has allowed the export of 99,150 metric tons (MT) of onions to six neighboring countries.

Smooth power supply in summer ensured

India’s power demand is expected to rise by 7-8 per cent yoy in the second quarter of 2024 due to robust industrial activity, strong GDP growth and the Indian Meteorological Department’s (IMD) forecast of above normal temperatures during the summer months.

FPI INFLOWS TO BOOST INDIA'S BUSINESS

Fin min’s monthly economic report highlights three pillars of this buoyancy.

Rising air traffic to lift pvt airports' revenue by 30% in FY25

An expected increase of 10 per cent in passenger traffic on the high base of fiscal 2024, combined with capital expenditure (capex)linked tariff hikes and rising non-aeronautical revenue per passenger, can see the revenue of leading private airport operators go up by around 30 per cent this fiscal.

SUPREME COURT: EGG SHELL SKULL’ RULE CAN BE APPLIED ONLY WHEN PATIENT HAD PRE-EXISTING CONDITIONS MEDICAL NEGLIGENCE

The Supreme Court in the case Jyoti Devi Versus Suket Hospital And Ors observed that the compensation was wrongly reduced by applying 'Eggshell Skull Rule', the court enhanced the compensation amount is to be paid to a patient from Rs. 2 Lakhs to Rs. 5 Lakhs after recording that she was suffering persistently post-surgery due to deficiency in service by the doctor.

'WILL NEVER ALLOW CONGRESS TO TAKE AWAY WOMEN'S GOLD, SAYS NAVNIT RANA

BJP candidate from Amravati, Navnit Rana on Friday cast her vote as she attempts to retain the seat which she had won as an independent candidate in 2019. Speaking after casting her franchise Rana launched a scathing attack on the Congress manifesto and Congress leader Rahul Gandhi.

FOREIGN INVESTMENT NO LONGER ALIGNED WITH GDP GROWTH, GLOBAL CRISES FRACTURING FDI

The decline in manufacturing has severely impacted smaller economies, hindering their ability to participate in global production, upgrade production methods and adopt new technologies.

Threads surpasses 150M monthly active users, reveals mark Zuckerberg

Chief Executive Officer Mark Zuckerberg has announced that Threads, Meta's text-based conversation app, boasts over 150 million monthly active users, positioning it as a competitor to Elon Musk's X (formerly known as Twitter).

RIL earns S&P, fitch approval with strong earnings, controlled leverage

Global rating agencies S&P and Fitch have bestowed their confidence upon Reliance Industries Ltd following its strong earnings for the fiscal year ending March 31, 2024.

ITC ventures abroad: Debut overseas hotel launches in Colombo, Sri Lanka

In a strategic move towards global expansion, ITC, the diversified conglomerate headquartered in Kolkata, inaugurated its first hotel outside India in Colombo on Thursday.

Tata Electronics crafting precision machines for iPhone casings

Tata Electronics, recognized as a significant player in producing enclosures for Apple iPhones in India, is currently directing its efforts towards internally designing and developing highly advanced and intricate high-precision machines for manufacturing iPhone casings.

YOUTUBE, GOOGLE CLOUD SET TO HIT 100 BN REVENUE MARK: SUNDAR PICHAI

Sundar Pichai, CEO of Alphabet and Google, anticipates that the combined revenue from YouTube and Cloud businesses will exceed 100 billion by the end

AI fuels Microsoft's growth, revenue surges 17%, azure up 31%

Microsoft Corporation announced robust financial results for its third quarter ending on March 31, with revenue soaring to $61.9 billion, marking a notable 17% increase from the previous year.

India sets ambitious target, 7% of transport via inland waterways by 2047

The Ministry of Ports, Shipping, and Waterways (MoPSW) reiterated its commitment to enhance the share of Inland Water Transport (IWT) during a two-day conference held in Kochi. The ministry aims to increase the share of IWT to 5% by 2030 and 7% by 2047, aligning with its Maritime Amrit Kaal Vision 2047.

India’s power generation surges to highest level in over a decade

These internal estimates from the federal power ministry, reviewed by Reuters, suggest the fastest pace of growth since at least 2011/12.

INDIA'S FY25 GDP PROJECTED TO GROW 6.6%, SAYS DELOITTE

Deloitte’s revised growth forecast for the last fiscal year and projections for 2023-24 reflect economic optimism, anticipating India’s GDP growth to reach approximately 6.75 percent in the coming fiscal year amidst geopolitical uncertainties.

TCS CEO Foresees AI Replacing Call Centers

The CEO of Tata Consultancy Services (TCS), K Krithivasan, stated that advancements in artificial intelligence (AI) will result in a substantial decrease in the requirement for call centers within a year.

Prez Biden Announces 1 Billion Dollars New Security Assistance For Ukraine

The United States has unveiled a new USD 1 billion aid package for Ukraine, a move swiftly following President Joe Biden's enactment of a national security supplemental into law on Wednesday.

Brace For Pricier Veggies As Heatwave Delays Price Drop: Crisil

Vegetable prices in India are expected to remain elevated in the coming months due to above-normal temperatures until June, according to a report by Crisil.

Credit card spending surges 27% in FY24 (RBI Data)

The Reserve Bank of India (RBI) recently released data indicating a significant surge in credit card spends during the financial year 2023-24 (FY24).

STRONG FOREX RESERVES, INDIA CAN COVER IMPORTS FOR 11 MONTHS

India's surge in foreign exchange reserves is fuelled by a notable increase in capital inflows during the fiscal year 2023-24, demonstrating effective management by monetary authorities and boosting the nation's financial resilience amid global economic uncertainties.

One team, chip dream, India's path to semiconductor leader: ICEA

India Cellular & ElectronLics Association (ICEA) has released a report aimed at positioning India as a global leader in semiconductor product design and IP creation.

Hyundai, Kia on track for 1.5 million vehicle output in India by 2025

Hyundai Motor India is gearing up to significantly enhance its production capabilities in the country, aiming to achieve an annual production milestone of one million units by 2025.

Hyundai India plans 5 new EVs by 2030, debuting Electric SUV in 2024

Hyundai Motor India will introduce five new electric vehicles (EVs) by 2030, said the South Korean automaker on Thursday, bringing forward its \"locally tailored\" plans for the sector by two years.

India's development to ease high food inflation: Ashima Goyal

In India, the issue of high food inflation is expected to become \"less severe\" in the future, according to Ashima Goyal, a member of the RBI Monetary Policy Committee (MPC).

RAILWAYS DEVELOPING AMRIT YARD MODEL TO EASE CONGESTION

After Amrit Bharat stations and trains, the Ministry of Railways is now working on the Amrit Yard concept to decongest saturated yards on the railway network

BUSINESS LEADERS URGE PAKISTAN'S PRIME MINISTER SHEHBAZ TO COMMENCE TRADE TALKS WITH INDIA

The bilateral ties nosedived after India abrogated Article 370 of the Constitution, revoking the special status of J&K and bifurcating the State into 2 UTs on 5 August, 2019.

Indian Hotels stock drops 5% after Q4 results; peers surge

The stock price of Indian Hotels plummeted by 5.1 percent to reach a low of Rs 577 during Thursday's intra-day trading session, following the release of the company's Q4 results.

VODAFONE-IDEA 2.0: FPO SIGNALS NEW CHAPTER

The successful completion of the Rs 18,000 crore follow-on public offer (FPO) marks the beginning of Vodafone Idea 2.0, which will stage a \"smart turnaround,\"

282 MILLION PEOPLE EXPERIENCE ACUTE HUNGER IN 2023, GAZA HIT HARDEST BY FAMINE, SAYS UN REPORT

Nearly Tearly 282 million people in 59 countries suffered from acute hunger in 2023, with war-torn Gaza as the territory with the largest number of people facing famine, according to the Global Report on Food Crises released Wednesday.