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India fastest growing major economy, says Rajnath Singh

INDIA HAS SHOWED that there is no irreconcilable trade-off between growth and distributive justice, and the government is making all efforts to further boost the country's position as a growth engine, defence minister Rajnath Singh said on Saturday.

₹21 lakh average cost to access 13 services in a state: DPIIT secretary

Tremendous variations across the country

Tata Motors may overtake Hyundai next year to become No. 2 carmaker

THE RACE FOR becoming the country's second-largest passenger vehicle manufacturer after Maruti Suzuki India-has intensified between Hyundai Motor India and Tata Motors.

PSU rally makes govt richer by ₹17 trillion

State-owned firms have had a stellar FY24 so far, with the market capitalisation of 85 listed public sector undertaking (PSU) and Central Public Sector Enterprise (CPSE) stocks soaring by ₹17.13 trillion this year so far, to ₹46.64 trillion.

GDP growth due to reforms of the past decade: PM

PRIME MINISTER NARENDRA Modi on Saturday said India's GDP growth of 7.7% in the first six months of the current fiscal is a reflection of the country's strengthening economy and the transformative reforms carried out in the past 10 years.

Paytm to invest ₹100 cr for facility in GIFT City

PAYTM, ONE OF the leading fintech platforms in India, is planning to invest approximately ₹100 crore in Gujarat International Finance Tec-City (GIFT City) for the development of a Global Payment Development Centre. With its presence in GIFT City, Paytm also aims to grab the opportunity to be a participant in the growing fintech ecosystem boom based out of here.

'FMCG startups are not a threat to bigger players'

Innovator and now thought leader and catalyst, Harsh Mariwala, founder and chairman of consumer goods company Marico, looks back at his decisions in an interview with FE, and also at the future-be it challenges in the FMCG space, rural sentiment or the work hour debate. Edited excerpts:

GERMANWATCH REPORT: India climate action fourth strongest

Top two emitters, US and China, were rated poor

Back to the drawing board

Mumbai Indians, Delhi Capitals retain core; Gujarat Giants, UP Warriorz, RCB face crucial decisions at the auctions today

Lok Sabha expels Mahua Moitra

ADOPTING THE REPORT of its Ethics Committee that found her \"guilty of unethical conduct\" and called for\"an intense, legal institutional inquiry' by the government \"in a timebound manner\" into the cash-for-query allegations against her, the Lok Sabha on Friday expelled TMC MP Mahua Moitra amid strong objections from the Opposition.

Unified framework for connected lending soon

Regulations for web aggregators of loan products in the offing

Microsoft-OpenAI partnership on UK, EU antitrust regulators' radar

BRITAIN'S ANTITRUST REGULATOR said that it will review whether to launch a merger probe of Microsoft's multi-billion dollar partnership with ChatGPT maker OpenAI, weighing in on the US software giant's operations for a second time this year.

China cuts visa fees for foreign travellers

CHINA CUT VISA fees by 25% for travellers from countries including Thailand, Japan, Mexico, Vietnam, and the Philippines from December 11, 2023 to December 31, 2024, according to statements from the Chinese foreign ministry and embassies.

Robust US job market persists

US JOB GROWTH accelerated in November while the unemployment rate fell to 3.7%, signs of underlying labour market strength that suggested financial market expectations of an interest rate cut early next year were probably premature.

Putin seeks fifth term as Russian president

BID TO STAY INPOWER UNTIL 2030

Can the goverments that grew Hamas destroy it?

It is a great irony of the war in Gaza that the two governments most responsible for navigating the response to Hamas-Israel's, for military action, and Qatar's, for diplomacy-also facilitated its growth. That is an impediment to any lasting solution because it's hard to see either making the policy reversals required.

Staying the course

It’s surprising that the RBI hiked the GDP forecast by 50 bps without any changes to the inflation projection

Actively disinflationary

MONETARY POLICY - KEY RBI FORECASTS SUGGEST REPO RATE CUTS WON'T BE FEASIBLE FOR MOST OF FY25

Govt to issue gold bonds tranches in Dec & Feb

THE GOVERNMENT WILL issue a tranche of sovereign gold bonds (SGBs) this month, and one more in February. The date for subscription for 2023-24 Series III is December 18-22, 2023, while for Series IV is scheduled for February 12-16, a finance ministry statement said on Friday.

Cough syrup ingredient under drugs regulator lens

THE COUNTRY'S DRUGS regulator has ordered that the source and quality of an ingredient used to make cough syrups be checked and verified as a \"top priority\", in the wake of the deaths of at least 141 children globally.

Sebi plans new asset class for investors

Offering between MFs and portfolio management services

GQG picks up ₹1,672-cr stake in GMR Airports

STOCK SURGES TO 14-YEAR HIGH

Funding in tech startups drops to $7 bn in 2023, lowest in 5 years

ZEPTO & INCRED ONLY 2 UNICORNS THIS YEAR

Adani Group to make port ops carbon-neutral by 2025

ADANI GROUP INTENDS to make all its port operations carbon-neutral by 2025 and net-zero by 2040, chairman Gautam Adani said in a tweet on Friday.

Domestic carriers have nearly 100 planes grounded ahead of New Year

NEARLY 100 PLANES of Indian air-lines are currently grounded, primarily owing to want of spares and service by engine suppliers, at a time when the companies are gearing up to meet the surge in demand during the final weeks of the year.

IN NEXT 2-3 YEARS - Apple to make 50 m iPhones in India a year

If achieved, India to account for 25% of global production

Launch 'Wed in India' drive: Modi to youth

Focus on the potential of middle class, PM tells investors

Centre will keep on taking supply-side measures: Seth

Welcomes upward revision in GDP growth forecast by RBI

ONION EXPORTS BANNED: Govt pays attention to RBI, moves to rein in food prices

Tighter stockholding norms for wheat, duty-free import of yellow peas

Nifty hits 21,000 intraday on RBI's growth optimism

THE RALLY IN India's stock markets continued on Friday with the benchmark Nifty reaching the 21,000-mark in intraday trade.