Jul 22, 2024, at 11:52 pm
The Economic Survey 2023-2024 highlighted economic empowerment of women notes that increased accesses to education and skill development, as well as other initiatives for women’s empowerment have elevated the participation of women in the nation’s development and progress.
Total enrolment in higher education increased to nearly 4.33 crore in FY22 in India, Economic Survey
Jul 22, 2024, at 11:45 pm
The higher education sector, comprising tertiary and post-school learning in universities and other institutions, has witnessed acceleration in total enrolment coupled with rising ‘enrolment equity’ over the past eight years.
Share of MSMEs in manufacturing output in India stands at 35.4 percent, Economic Survey finds
Jul 22, 2024, at 11:43 pm
The Economic Survey tabled by the Union Minister of Finance and Corporate Affairs, Nirmala Sitharaman in Parliament on Monday, highlights the importance of the MSME sector in the Indian economy with an all-India manufacturing output of 35.4 percent.
Economic Survey says deregulation of Indian MSME section is crucial
Jul 22, 2024, at 11:25 pm
For Medium, Small and Micro Enterprises (MSMEs), while bridging the credit gap remains a crucial element, the focus also needs to be on deregulation, enhancing physical and digital connectivity, and putting in place an export strategy that enables MSMEs to broaden their market exposure and scale up.
The number of patents granted in India crossed 1 lakh in FY 23-24, Economic Survey
Jul 22, 2024, at 11:00 pm
Rapid rise in patents and start-ups shows knowledge and innovation-backed economic growth in the country.
Economic Survey shows 2.63 crore houses constructed for poor in last nine years in rural areas
Jul 22, 2024, at 10:58 pm
The integrated and sustainable development in rural India is at the heart of the Government’s strategy.
Economic Survey says adopting BIM needed to reduce project delays
Jul 22, 2024, at 10:56 pm
In recent years, various aspects of infrastructure development have been integrated with technology to improve the efficiency of infrastructure plans, designs, and assets, states the Economic Survey 2023-24 tabled by Union Minister of Finance & Corporate Affairs Nirmala Sitharaman, in Parliament on Monday.
Airbus assessing 8 locations in India for H125 helicopter assembly unit, decision soon: Report
Jul 22, 2024, at 05:43 pm
New Delhi/IBNS: The site of the planned final assembly line (FAL) to assemble and manufacture European aerospace major Airbus’s best-selling civil helicopter H125 in India is expected to be finalised soon with eight potential locations under active consideration, the Indian Express reported, quoting top Airbus Helicopters officials.
Jul 22, 2024, at 03:26 am
A recent report has said India’s ultra-high-net-worth individuals (UHNIs) hold the potential to enhance their philanthropic impact, with contributions potentially tripling to Rs 75,500 crore annually.
India's Business Confidence Index soars to 150 in Q1 FY25, up from last year: NCAER-NSE survey
Jul 20, 2024, at 06:59 am
New Delhi: Overall business sentiment in India indicated buoyancy with the Business Confidence Index (BCI) at nearly 150 during the April-June quarter, rising from the last quarter (138) and higher than the corresponding period a year ago, according to an NCAER-NSE survey.
Jio Platforms Q1FY25: Profit rises 11.7% to Rs 5,698 cr; subscriber base grows by 8 million
Jul 20, 2024, at 06:32 am
Mumbai: Jio Platforms Ltd, the digital services arm of India’s largest conglomerate and parent company of Reliance Jio Infocomm Ltd, reported an 11.7% increase in quarterly profit to Rs 5,698 crore compared to the previous year.
Vedanta Ltd raises Rs 8,500 cr through QIP at Rs 440 per share
Jul 20, 2024, at 06:03 am
Mumbai: Vedanta Limited announced on Friday that it raised Rs 8,500 crore through a Qualified Institutions Placement (QIP), which launched on July 15, at a price of Rs 440 per share, media reported.
Byju's will shutdown completely if insolvency proceeds, says Byju's Raveendran: Report
Jul 20, 2024, at 05:48 am
New Delhi: Insolvency proceedings against Byju's, once India’s largest startup with a valuation of $22 billion, could lead to mass employee layoffs and a complete halt of its services, Reuters reported, citing a court filing by its CEO.
Wipro's Q1FY25 net profit grows 5.2% to Rs 3,037 cr
Jul 20, 2024, at 05:11 am
Bengaluru: IT services major Wipro reported a net profit of Rs 3,036.6 crore for the first quarter of FY25, a 5.2 percent increase from the same period last year and a 6.2 percent rise quarter-on-quarter, media reported.
BPCL's Q1FY25 standalone net profit drops 71% to Rs 3,015 cr
Jul 20, 2024, at 04:23 am
Mumbai: Bharat Petroleum Corporation Limited (BPCL) reported a standalone net profit of Rs 3,015 crore for the first quarter of the financial year 2024-25, a 71 percent decrease from the Rs 10,551 crore net profit in the same period last year.
Patanjali Foods Q1FY25 net profit soars 200% YoY to Rs 263 cr
Jul 20, 2024, at 02:57 am
Mumbai: Indian fast-moving consumer goods (FMCG) company, Patanjali Foods, reported a massive 200 percent rise in net profit YoY to Rs 262.9 crore in the first quarter ending June 30, 2024, media reported.
Jul 20, 2024, at 02:54 am
Mahindra Group Chairman Anand Mahindra, who is known for his influential presence on the internet, reacted to Microsoft's massive outage that disrupted operations across airlines, banks, and major corporations globally, impacting services from customer communications to financial transactions.
Reliance Industries consolidated profit drops Q1FY25 5% to Rs 15,138 cr
Jul 20, 2024, at 02:29 am
Mumbai: Mukesh Ambani-led Reliance Industries Ltd (RIL) reported an 11.5 percent rise in revenue, reaching Rs 2.58 lakh crore in the fiscal first quarter compared to the previous year, driven by growth across various segments.
ADB retains India's growth forecast at 7 per cent for fiscal year 2024
Jul 19, 2024, at 11:04 pm
In its latest development outlook, the Asian Development Bank has kept India's economic growth forecast unchanged at 7 percent for the fiscal year 2024.
Singapore's Temasek plans to invest $10 billion in India during the next three years
Jul 19, 2024, at 05:13 am
Global investment company Temasek, which is headquartered in Singapore, might be investing $10 billion in India during the next three years.
South Indian Bank Q1FY25: Net profit grows 45% YoY to Rs 294 cr
Jul 19, 2024, at 03:18 am
Thrissur: South Indian Bank has declared a net profit of Rs 294 crore for the first quarter of FY 2024-25, recording a whopping 45% growth compared to Rs 202 crore in the same quarter of the previous fiscal year.
LTIMindtree net profit shrinks 1.5% YoY to Rs 1,152 cr
Jul 18, 2024, at 06:16 am
Mumbai: LTIMindtree on Wednesday reported a consolidated net profit of Rs 1,134 crore for the quarter ended June 30, 2024, a 1.5% decline from the Rs 1,152 crore reported in the same period last year, media reported.
Vi ramps up users’ indoor network experience in Kolkata with L900 technology
Jul 18, 2024, at 05:14 am
Kolkata: Vodafone Idea today announced expansion of L900 technology in 3000 sites across Kolkata, to deliver a stronger indoor coverage experience for users.
BMW's new launch CE 04 electric scooter to cost as much as Tata Punch EV
Jul 18, 2024, at 03:26 am
Gurugram: BMW Motorrad is set to launch its CE 04 electric scooter in India on July 24, with pre-launch bookings already underway.
Bajaj Electricals MD & CEO Anuj Poddar resigns
Jul 18, 2024, at 02:02 am
Pune: Bajaj Electricals Limited announced the resignation of its Managing Director and Chief Executive, Anuj Poddar, from his position and as a member of the board of directors on Wednesday.
ADB retains India's FY25 growth at 7%
Jul 17, 2024, at 10:40 pm
New Delhi: The Asian Development Bank (ADB) on Wednesday maintained its GDP growth forecast for India at 7 percent for the current financial year, anticipating a rebound in agriculture due to above-normal monsoon projections, according to media reports.
Byju's to challenge insolvency proceedings this week
Jul 17, 2024, at 10:35 pm
Bengaluru: Education technology company Byju's will challenge insolvency proceedings initiated against it in an effort to block the process this week, as the startup, once valued at $22 billion, tries to navigate its current crisis, two sources said on Wednesday, Reuters reported.
Asian Paints Q1FY25 net profit drops 25% YoY to Rs 1,170 cr
Jul 17, 2024, at 10:31 pm
Mumbai: Asian Paints on Wednesday reported a nearly 25 percent year-on-year decline in its consolidated net profit for Q1 FY25, amounting to Rs 1,170 crore, due to a challenging demand environment.
SpiceJet's CFO Ashish Kumar resigns; Joyakesh Podder appointed Deputy CFO
Jul 17, 2024, at 07:00 am
Mumbai: SpiceJet announced on Tuesday that Chief Financial Officer Ashish Kumar will be departing the company to pursue other opportunities.
Adani-Sirius JV acquire cloud platform firm Coredge.io
Jul 17, 2024, at 05:58 am
Mumbai: Sirius Digitech Limited, a joint venture between the Adani Group and Sirius International Holding (Sirius), announced on Tuesday the signing of binding agreements to acquire Coredge.io Private Limited, a cloud platform company.