CATEGORIES

India's exports to hit $450 billion in Fiscal 2024, FIEO President

Ashwani Kumar, the newly elected president of the Federation of Indian Export Organisations (FIEO), expressed optimism about the country's merchandise exports, projecting them to reach USD 450 billion by the end of the fiscal year.

Fusion of AI and Fashion: A Digital Revolution in Haute Couture

In recent years, the fashion Industry has witnessed a profound transformation, thanks to the integration of Artificial Intelligence (AI) into its fabric.

Football coach killed after dumper hits him in Navi Mumbai

A 69-year-old football coach was killed after a dumper knocked him down in Navi Mumbai township of Maharashtra, police said.

Police force to leverage AI for investigations as government gives nod

In a significant move towards modernizing law enforcement, police departments in Maharashtra, including Mumbai, are gearing up to harness the power of artificial intelligence (AI) as a potent investigative tool.

Controversy surrounds Maharashtra govt's new dress code for school teachers

The Maharashtra government recently rolled out a new dress code for school teachers, eliciting mixed reactions and sparking debate.

SCHOOLS IN MAHARASHTRA TO UNDERGO GRADING AND ACCREDITATION PROCESS

Schools across Maharashtra, including pre-primary institutions, will soon undergo a rigorous evaluation process similar to colleges and universities. This evaluation will be conducted by external assessors and schools will be graded on a scale of 100 to below 50.

ALLAHABAD HIGH COURT DISMISSED JAUHAR DECISION'S OF CANCELLING LAND LEASE

The Allahabad High Court in the case observed and has dismissed the challenge made to the cancellation of the lease of Maulana Mohamad Ali Jauhar University’s land in the state’s Rampur District.

China's economy brightens, property sector still in doldrums

China’s economic landscape for the first two months of the year exhibited a mixed picture, with manufacturing and investment showing signs of improvement while the property sector continued to grapple with weaknesses, according to a statement from the National Bureau of Statistics released on Monday.

ISRAEL SEES RISE IN CPI IN FEBRUARY

Israel’s Central Bureau of Statistics (CBS) recently released data indicating a 0.4 percent increase in the Consumer Price Index (CPI) for February 2024 compared to January 2024.

Israel foresees 300M annual trips on electric trains by 2040

Israel’s Transportation Ministry has announced a significant milestone in the country’s railway development plan, with the completion of the transition to electronic signalling across the entire network. This upgrade lays the groundwork for the integration of new tracks currently under construction, heralding a new era of advanced railway technology.

ECONOMY IS TURNING A CORNER: UK PM ATTEMPTS OPTIMISTIC RESET

Addressing attendees at a Business Connect event in Warwickshire, Sunak exuded confidence, proclaiming, There is now a real sense that the economy is turning a corner with all the economic indicators pointing in the right direction

NexGen Energia plans Rs 1,000 cr EV Manufacturing unit in J&K

Sustainable energy solutions firm NexGen Energia on Monday said it will invest Rs 1,000 crore in setting up a manufacturing unit for electric vehicles (EVs) in Jammu and Kashmir.

Yes securities recommends 'Buy' for Paytm

In an endorsement of One97 Communications Limited (OCL), which operates popular fintech firm Paytm, YES Securities has upgraded its rating from ‘sell’ to ‘buy’ for the first time since the commencement of its coverage.

FLY91 launches commercial flights between 4 cities

The latest entrant in the country’s aviation sector, on Monday commenced commercial operations with its first flight taking off for Bengaluru from here.

Apple discussing iPhone AI with Google's Gemini

Apple is in talks to build Google’s Gemini artificial intelligence (AI) engine into the iPhone, reported on Monday, citing people familiar with the situation.

Zomato hits version 4 in 16-year journey: Deepinder Goyal

In a recent revelation, Zomato’s founder and CEO, Deepinder Goyal, disclosed that the foodtech giant is currently operating in its fourth iteration, marking a significant milestone in its 16-year journey.

ADANI'S DOLLAR BONDS DECLINE ON US PROBE

US prosecutors have widened their probe of the port-to-power conglomerate to focus on whether it may have engaged in bribery

Strong domestic car sales projected to hit 4.2 million units in FY24, carmakers buoyant

Car sales in India are poised to achieve a new record high of 4.2 million units in the financial year 2023-24 (FY24), with an estimated 375,000 passenger vehicles expected to be sold in March, the final month of the ongoing fiscal year. This projected figure reflects an 8% increase from the 3.89 million cars sold in FY23, according to industry experts.

Govt to buy Tur and Masur dal directly at MSP or higher to stabilize prices

In a bid to address dwindling stocks and stabilize market prices, the Indian government has outlined plans to procure 400,000 tonnes of tur and 200,000 tonnes of masur dal directly from farmers at minimum assured procurement prices (MAPP) or dynamic buffer procurement prices (DBPP), whichever is higher, as reported by Mint.

NTPC's north Karanpurapower plant expands with unit 2 coming online

NTPC, India’s largest power generation company under the Ministry of Power, announced on Monday its plans to commence commercial operations of the second unit of the North Karanpura Super Thermal Power Project on March 20. This milestone marks a significant advancement in India’s energy infrastructure, particularly in the coal-based power sector.

U'KHAND FARMERS SEE 10-20 PER CENT INCOME BOOST THANKS TO MILLET CULTIVATION, IIM KASHIPUR STUDY

Efforts by the central and state governments to promote millet cultivation in Uttarakhand have led to a significant increase in yearly income for 75% of millet farmers, with incomes rising between 10% to 20%.

Electric SUVs on the rise in India, new policy paves way for VinFast launch

The Indian government’s recent approval of an electric vehicle (EV) policy is poised to usher in significant developments in the automotive industry, according to industry analysts.

Modest IT growth expected (3-5%) for FY25, says Icra

The Indian IT sector is anticipated to experience a modest revenue growth of 3-5% in the fiscal year 2025, as per a report by domestic rating agency Icra Ratings released on Monday. The agency forecasts that hiring in the sector will remain subdued in the short term until there is a noticeable uptick in growth momentum.

India's growth capped below China's historic levels, Morgan Stanley

According to Morgan Stanley’s chief Asia economist, Chetan Ahya, India is unlikely to achieve the remarkable 8%-10% economic growth rates that China accomplished over the long term. Ahya predicts India’s economy will likely grow steadily at a rate of 6.5%-7% in the long term.

India to export 1,650 tonnes of onions to Bangladesh

The National Cooperative Export Ltd (NCEL), India’s export agency, has unveiled plans to procure 1,650 tonnes of onions from private traders at Rs 29/kg for export to Bangladesh, marking the first official export of onions from India in over three months.

FDI IN INSURANCE SURGES PAST RS 53,900 CRORE SINCE 2014

From 2014 to January 2024, India saw an increase in insurance companies from 53 to 70, coinciding with a surge in total premium from Rs 3.94 lakh crore to Rs 10.4 lakh crore

Thane court acquits man booked under MCOCA in robbery case

A special court in Thane district has acquitted a 48-year-old man booked under the stringent Maharashtra Control of Organized Crime Act (MCOCA) in a case of robbery and attempt to murder.

Khichdi scam: ED charges Sena (UBT) Aaditya Thackeray's close aide Suraj Chavan

The Enforcement Directorate (ED) has named Suraj Chavan, a close associate of Shiv Sena (UBT) leader Aaditya Thackeray, as the sole accused in the khichdi scam case.

NIA attaches 4 immovable properties of 11 accused in Pune in ISIS module terror case

The National Investigation Agency (NIA) has attached four immovable properties of 11 accused as 'proceeds of terrorism' in the ISIS module case in Pune being used for IED fabrication and its training and planning of terrorist acts.

GIBF ORGANIZES INDIA-LATIN AMERICA BUSINESS CONCLAVE

The India-Latin America Business and Caribbean Business Conclave 2024 was grandly organized by the Global India Business Forum (GIBF) in Pune.