CATEGORIES

CarWale abSure opens 100th outlet on rising demand

The festive season has benefitted the used car market with platforms like CarWale abSure, on an expansion spree buoyed by the pent-up demand in key markets.

EV MOTORCYCLE STARTUP RAPTEE RAISES $3 MN FROM BLUEHILL CAPITAL

Premium EV Motorcycle Startup, Raptee to use USD 3 million raised in a Pre-Series A round led by deep-tech VC fund Bluehill Capital.

AUTO SECTOR USING MORE THAN 74% OF CAPACITY

Signalling a strong recovery, India's automotive sector is utilizing, on average, more than 74 per cent of its capacity, which is higher than last year as reported, as reported by 70 per cent of respondents in a FICCI manufacturing survey.

India's real estate sector thrives during festive times

Every year, the festive season emerges as more than a mere celebration-it becomes a period of heightened vibrancy and immense potential.

CII'S SUMMIT SPARKS OPTIMISM: UK COMMITS TO DOUBLE INVESTMENTS BY 2030

In a significant initiative to foster economic growth and sustainable infrastructure in Himachal Pradesh, the Confederation of Indian Industries (CII) organized a one-day economic summit in Shimla.

27 companies have been approved for PLI: Ashwini Vaishnaw

Union Minister for Communications, Electronics and IT, Ashwini Vaishnaw, announced a significant milestone in India's IT hardware sector, stating that 27 companies have received approval under the Production Linked Incentive Scheme (PLI) within a short timeframe.

The open offer is in the best interest of Religare: Burman

Days after advisory firm InGovern Research flagged \"vested interest\" of the Chairman of Religare Enterprises Rashmi Saluja, owing to excessive remuneration, and regulatory breaches at the company, sources aware of the development told The Business Guardian that Saluja was reluctant to lose control over the company that the Burmans are looking to acquire.

INDIAN E-COMMERCE EXPORTS LIKELY TO TOUCH US$200 BILLION BY 2030: DGFT CHIEF

Indian e-commerce exports are likely to touch USD 200 billion in the next 6-7 years and will play a critical role in achieving the USD 2 trillion goods and services export target, a senior Directorate General of Foreign Trade (DGFT) official said here on Friday.

INDIA SIGNS IPEF SUPPLY CHAIN AGREEMENT WITH PARTNER NATIONS

India has called for redoubling efforts to ensure expeditious implementation of all the action-oriented collaborative elements comprising the Indo-Pacific Economic Framework for Prosperity (IPEF) Supply Chain Agreement, namely IPEF Pillar-III (Clean Economy), Pillar-IV (Fair Economy) and the Agreement on the Indo-Pacific Framework for Economic Prosperity.

Bhupender Yadav on crises impacting developing countries

Bhupender Yadav, the Union Minister for Environment, Forests, and Climate Change, stated on Friday that underdeveloped countries have been disproportionately affected by the Covid-19 pandemic, geopolitical conflicts, and the effects of climate change, which have also reversed their development.

Gopal Rai urges special drive to bar private polluting buses from entering delhi

Gopal Rai, the minister of the environment in Delhi, gave the transportation department special instructions on Friday to launch an effort to stop private buses that emit pollution from entering the capital. During his inspection of the Sarai Kale Interstate Bus Terminal's air pollution control measures, the minister discovered that buses from neighboring states were operating in violation of the Center's Graded Response Action Plan's prohibition on BS-IV diesel cars. \"We have found that private buses from other states have been violating the ban and have directed the transport department to run a special drive to check the entry of such vehicles into Delhi,\" he told reporters.

DEFENCE MINSISTRY ALLOCATED RS 932 CR TO 3.7 L ARMED FORCES

Over 3.7 lakh people have received grants totaling about Rs 932 crores over the last five years (2018-2023)

DELHI HIGH COURT DIRECTED ACKO GENERAL INSURANCE TO TAKE DOWN SOCIAL MEDIA POSTS USING ST+ART INDIA'S HUMANITY MURAL

The Delhi High Court in the case ST+ART India Foundation and Anr. v. ACKO General Insurance observed and has directed the insurance company Acko General Insurance to take down its social media posts using a mural titled, 'Humanity' in the suit filed for copyright infringement by St+art India, an organization that aims works on art projects in public spaces.

DELHI HIGH COURT PULLS UP MCD FOR NOT TAKING POSSESSIONS OF PUBLIC PARK ALLEGED TO BE ILLEGAL OCCUPIED BY JAMA MASJID AUTHORITIES

The Delhi High Court in the case Mohd Arslan versus Govt Of NCT Of Delhi And Ors observed and has pulled up the Municipal Corporation Of Delhi, MCD for its failure in order to take possession of a public park near city's Jama Masjid.

JUSTICE SHEKHAR B. SARAF SWORN IN AS THE JUDGE OF ALLAHABAD HIGH COURT

Justice Shekhar B. Saraf sworn in as the judge of the Allahabad High Court, while following the transfer of him from the Calcutta High Court.

Indian Macro is showing Resilience amid Global Shifting Gears

The Russia's relatively advantageous position appears to be faded to some extent amid the expensive Urals grade of the country.

Indian Students set US record, constitute qtr of International students

The number of Indian students pursuing education in the United States has exceeded 2,68,000 in the academic year 2022-2023, according to US Ambassador to India Eric Garcetti, who also revealed that Indian students studying in the country had smashed records for the third consecutive year.

ISRO'S AMBITIOUS LUNAR MISSIONS: LUPEX, CHANDRAYAAN-4

SAC/ISRO Director, Nilesh Desai, stated that the ambitious lunar missions LuPEx and Chandrayaan-4 share a common goal

Sungrow achieves 20GW shipment milestone in India for sustainable PV inverters

Sungrow, the top supplier of PV inverters and energy storage systems worldwide, recently achieved a noteworthy milestone in India by shipping 20GW of photovoltaic inverters to the country.

FPI investment in Indian equities surges 15% to $651 bn in sep qtr

Morningstar analysis, the value of foreign portfolio investors' holdings in domestic shares hit $651 billion in the three months that ended in September 2023, a 15% increase from the same time the previous year.

TVS MOTOR TEAMS UP WITH EMIL FREY FOR EUROPE

Business. TVS Motor Company Forges Strategic Partnership WithEmil Frey for Key European Markets

Auto Industry enjoys profit boost in q2

The upcoming Q2 FY24 earnings in the automobile industry are anticipated to showcase robust revenue growth and enhanced profitability, attributed to augmented selling prices and decreased raw material expenses. Nevertheless, the expected decline in sales volume may somewhat curtail the revenue surge.

India-UK FTA 20 of 26 chapters nearing completion

In an update on the ongoing negotiations for a Free Trade Agreement (FTA) between India and the United Kingdom, Union Minister for Commerce and Industry, Piyush Goyal, expressed positivity regarding the progress made. Goyal highlighted that nearly 20 out of the 26 chapters of the agreement have been successfully closed.

PM MODI UNVEILS GLOBAL SOUTH CENTRE OF EXCELLENCE

PM Modi emphasized India’s dedication to backing Global South’s priorities and unveiled plans for a weather and climate monitoring satellite proposed during the G2O Summit

GVW partners with DHA to advance patient data standardization

Global Value Web (GVW), a distinguished provider of Data Services & Digital solutions in Healthcare and Life Sciences, has announced a strategic partnership with Digital Health Associates, a leading innovator in digital healthcare solutions. This collaboration aims to synergize expertise and vision to cultivate a tailored and innovative digital healthcare ecosystem.

AB-PMJAY provides 59 million hospitalizations worth Rs 74,000 crore

The National Health Auported significant milestones achieved under the Ayushman Bharat Pradhan Mantri Jan Aarogya Yojana (ABPMJAY) since its inception five years ago. Over 59 million hospital admissions have been recorded, amounting to a substantial cost of more than Rs 74,000 crore, marking a profound impact on India's healthcare landscape.

UPI transactions skyrocket to 11 billion in two months

India’s Unified Payments Interface (UPI) has continued its meteoric rise, reaching an impressive milestone of 11 billion transactions, as reported by the Reserve Bank of India (RBI) in its latest monthly bulletin. Within a span of merely two months, UPI added another billion transactions, highlighting its rapid adoption and growing significance in the country’s digital payment landscape.

India's power demand to surge 7% in 2023-2024

India’s power sector anticipates a 7% surge in demand by the fiscal year ending March 2024, driven by robust industrial activity, reveals Fitch Ratings. The agency predicts this increased demand will maintain high load factors for thermal power plants, even as coal imports are expected to remain modest due to expanded local supply.

14 NATIONS SIGN SUPPLY CHAIN AGREEMENT

Established in May 2022, the IPEF aims to enhance economic ties among partner nations for regional growth and prosperity through its four pillars: Trade, Supply Chains, Clean Economy, and Fair Economy

BJP vows LPG subsidy, Eastern canal project in Rajasthan polls

In its manifesto for the Rajasthan assembly elections, the Bharatiya Janata Party (BJP) pledged to give LPG cylinders to Ujjawala scheme recipients for Rs 450 apiece, create 2.5 lakh government employment in five years, and increase financial support to farmers under the PM-Kisan scheme.