India's total installed renewable energy capacity reaches 213.70 GW; solar grows by 30.2%
Dec 11, 2024, at 07:19 pm
New Delhi: India’s renewable energy sector has made significant progress from November 2023 to November 2024, said the Ministry of New and Renewable Energy (MNRE) on Wednesday.
India's GDP growth slows to seven-quarter low of 5.4 percent
Nov 29, 2024, at 11:58 pm
India's gross domestic production (GDP) has slowed down to 5.4 percent year-on-year in the July-September quarter of the current financial year 2024-25, as per government data released on Friday.
India-UK FTA talks to resume early next year: Ministry of Commerce and Industry
Nov 20, 2024, at 09:38 pm
The Indian Ministry of Commerce and Industry on Wednesday said discussions over relaunching the Free Trade Agreement between India and the UK will commence in early 2025.
India to take centre stage for global fashion brands as Asian growth shifts: McKinsey report
Nov 18, 2024, at 05:01 am
India is set to become a major focus for high-street fashion brands as international players increasingly turn to Asian growth markets like India for manufacturing, ANI reported, citing McKinsey & Company’s latest study.
India sees opportunities to engage in Turkmenistan’s energy sector
Nov 15, 2024, at 04:31 pm
Turkmenistan presents India with an opportunity to boost energy security, strengthen regional ties, and deepen its strategic influence in Central Asia.
India set to benefit from Trump's possible tariff hike on Chinese imports: Report
Nov 09, 2024, at 09:44 pm
New Delhi/IBNS: After Donald Trump's win in the US presidential election, a report from CareEdge suggests that India might gain from shifts in global trade if Trump proceeds with plans to impose hefty tariffs on Chinese imports.
Nov 09, 2024, at 07:44 pm
New Delhi/IBNS: Union Minister Hardeep Singh Puri emphasized that India’s decision to purchase oil from Russia has played a crucial role in preventing global oil prices from escalating even further.
Global patent filings reach record high driven by surge in applications from India
Nov 08, 2024, at 07:42 pm
Mumbai/IBNS: India’s significant rise in patent filings helped propel global patenting activity to an all-time high in 2023, with the country entering the top ten for the first time.
India's diesel market signals warning as growth slows down
Nov 05, 2024, at 06:29 pm
Mumbai/IBNS: India's diesel market is showing signs of a slowdown as demand growth loses steam, raising concerns for the world's third-largest oil importer, reports Bloomberg.
India shines in gold purchases, outpaces China by 51% in 3 months
Oct 31, 2024, at 08:25 pm
New Delhi/IBNS: Indians bought a substantial 248.3 tonnes of gold between July and September 2024, which is 51 percent more than the 165 tonnes purchased in China during the same period, according to the World Gold Council’s latest data.
Apple's production shift: Tech major exports $6 billion worth of iPhones from India
Oct 29, 2024, at 06:09 pm
New Delhi/IBNS: Apple's iPhone exports from India surged by a third in the six months leading up to September, highlighting the company's strategic shift to expand its manufacturing footprint in India and reduce reliance on China, reports Bloomberg.
IMF highlights significant manufacturing shift towards India and China
Oct 24, 2024, at 08:09 pm
New Delhi/IBNS: The International Monetary Fund (IMF), in its latest "World Economic Outlook" report, has highlighted a notable shift in global manufacturing towards emerging markets like India and China, as advanced economies face declining competitiveness.
Oct 18, 2024, at 04:56 am
New Delhi: Canada is a major beneficiary of the India-Canada economic ties, Ministry of External Affairs spokesperson Randhir Jaiswal said on Thursday, asserting that the current crisis in the relations has been precipitated by the Justin Trudeau government’s baseless allegations.
India expediting FTA negotiations with Australia to resolve key differences: Report
Oct 17, 2024, at 02:15 am
New Delhi: India is aiming to accelerate its free trade agreement (FTA) negotiations with Australia over the next two months in an effort to resolve key differences on sensitive issues and finalize the deal, media reports said.
India Inc mourns Ratan Tata's demise
Oct 10, 2024, at 09:33 pm
Mumbai: As Indians from all walks of life mourn the loss of the country’s beloved industrialist Ratan Tata, business leaders have shared heartfelt tributes to the iconic figure, whose life and legacy have left an enduring impact for generations to come.
India’s digital revolution set to create a $1 trillion economy by 2028: Report
Oct 03, 2024, at 06:30 am
New Delhi: India’s financial ecosystem has undergone a significant transformation, driven by deep internet penetration, affordable 4G and 5G services, and a range of government digital initiatives.
India to develop UPI-like real-time payments platform for Trinidad and Tobago
Sep 28, 2024, at 11:25 pm
NPCI International Payments Limited (NIPL) has entered into a strategic partnership with the Ministry of Digital Transformation (MDT) of Trinidad and Tobago to develop a real-time payments platform similar to India’s ‘Unified Payments Interface’ (UPI).
India must do more to boost manufacturing and job creation: Raghuram Rajan
Sep 28, 2024, at 12:07 am
Mumbai: India has made significant progress in infrastructure over the past decade, but more needs to be done in other sectors to enhance local manufacturing and job creation, former RBI Governor Raghuram Rajan said on Thursday.
India, Uzbekistan sign Bilateral Investment Treaty in Tashkent
Sep 27, 2024, at 11:04 pm
India and Uzbekistan signed the Bilateral Investment Treaty (BIT) in Tashkent which promises to increase the confidence of investors in both the countries.
Sep 27, 2024, at 10:43 pm
New Delhi: India will not purchase liquefied natural gas (LNG) from Russia's Arctic LNG 2 project, which is under Western sanctions, Reuters reported, citing Oil Secretary Pankaj Jain, who confirmed the development on Friday.
India all set to rank among the fastest-growing economies until 2030, says Goldman Sachs
Sep 25, 2024, at 07:05 pm
New Delhi/IBNS: India is on track to be one of the fastest-growing economies in the medium term, according to a recent report by international brokerage firm Goldman Sachs.
Indian economy to be 3rd largest by 2030-31, growing 6.7% annually: S&P Global's forecast
Sep 20, 2024, at 06:30 am
New Delhi: The Indian economy is projected to grow at an annual rate of 6.7% between now and 2030-31, becoming the third-largest economy in the world, according to S&P Global's forecast on Thursday, media reports said.
India surpasses China in world's largest investable stock index
Sep 19, 2024, at 07:51 pm
New Delhi/IBNS: India has surpassed China in its weighting within one of the world’s largest stock market benchmarks, as increased share sales and liquidity make Indian companies more accessible to global investors, reports Financial Times.
Sep 14, 2024, at 09:25 pm
New Delhi/IBNS: India is set to join the Financial Action Task Force's (FATF) prestigious group of top performers on September 19.
India, Japan discuss macroeconomic situation during Finance Dialogue
Sep 09, 2024, at 10:02 pm
India and Japanese officials recently exchanged their views on the macroeconomic situation in both countries during their second Finance Dialogue held on September 6.
India surpasses U.S. as the 2nd largest market for 5G smartphones
Sep 07, 2024, at 05:12 am
New Delhi: India has surpassed the US to become the second-largest market for 5G smartphones, an ET Telecom report said, citing a recent study by Counterpoint Research.
India surpasses U.S. as the 2nd largest market for 5G smartphones
Sep 07, 2024, at 05:12 am
New Delhi: India has surpassed the US to become the second-largest market for 5G smartphones, an ET Telecom report said, citing a recent study by Counterpoint Research.
India overtakes US to become second-biggest 5G handset market, shows new research data
Sep 06, 2024, at 11:29 pm
India overtook the US to become the world’s second-biggest 5G handset market for the first time, behind China, a recent research said.
Singapore plans to make major investment in India in coming years: Piyush Goyal
Sep 06, 2024, at 06:40 am
New Delhi/IBNS: Union Commerce and Industry Minister Piyush Goyal Thursday said Singapore has already invested about $150 billion in India and is ready to invest five times that amount in the coming years.
World Bank's latest report ups India's growth forecast for FY25 to 7 percent
Sep 03, 2024, at 10:12 pm
The World Bank on Tuesday upgraded India's growth forecast for the FY24/25 to seven percent, giving a boost to the country's financial journey.