28 Indian startups raised over $800 mn in funding this week
IANS
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June 22, 2024 1:59 PM
New Delhi, June 22 (IANS) About 28 Indian startups have raised $800.5 million in funding across 29 deals this week.
How Vadhavan port will put India on global map, generate lakhs of jobs
IANS
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June 22, 2024 1:56 PM
Mumbai, June 22 (IANS) The proposed mega Vadhavan port in the Palghar district of Maharashtra, worth Rs 76, 220 crore, would not only boost sea-based trade but also herald a new wave of industrial development towards the country becoming the world’s third-largest economy by 2027 with a GDP of $5 trillion but also generate 10 lakh direct and indirect jobs.
FM Nirmala Sitharaman holds pre-Budget meeting with finance ministers of states
IANS
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June 22, 2024 1:50 PM
New Delhi, June 22 (IANS) Union Minister for Finance Nirmala Sitharaman chaired pre-Budget consultations with the Finance Ministers of states and Union Territories to take their views on board for the upcoming Union Budget 2024-25 here on Saturday.
Centre approves Rs 13,595 crore to evacuate green energy from Rajasthan, Karnataka
IANS
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June 22, 2024 12:36 PM
New Delhi, June 22 (IANS) Central government has approved two new Inter State Transmission System (ISTS) schemes to evacuate 9 GW of renewable energy from Rajasthan and Karnataka with an investment of Rs 13,595 crore, the Ministry of Power said on Saturday.
FMCG sales growth in rural areas to outstrip urban markets: Report
IANS
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June 22, 2024 12:13 PM
New Delhi, June 22 (IANS) Rural India has bounced back as a buyer of fast-moving consumer goods (FMCG) such as soaps and soft drinks and sales of these goods are expected to expand at a faster pace than urban areas in the second quarter of 2024, according to a report by consulting firm Kantar.
Atal Pension Yojana adds record 12.2 million new members in 2023-24
IANS
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June 22, 2024 11:27 AM
New Delhi, June 22 (IANS) A record 12.2 million new accounts were opened in the Atal Pension Yojana (APY) during 2023-24 taking the total enrolments to 66.2 million under the government’s social security scheme, according to figures compiled by the Pension Fund Regulatory and Authority (PFRDA).
Overseas Indians' faith grows in Indian economy with $1 billion deposits in April
IANS
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June 22, 2024 10:43 AM
New Delhi, June 22 (IANS) Showing their confidence in the resilient Indian economy despite global macroeconomic conditions, non-resident Indians (NRIs) deposited around $1 billion in the country in April alone.
Next 5 years set to further boost India’s domestic electronics manufacturing
IANS
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June 21, 2024 3:05 PM
New Delhi, June 21 (IANS) India, on its way to becoming the global electronics manufacturing hub, has doubled down on the local manufacturing of multiple products -- mobile phones and their components, televisions, semiconductors and other devices -- and the momentum is only going to grow in the next five years riding on the production-linked incentive (PLI) scheme, according to industry experts.
Business activity surges in June, hiring at 18-year high: PMI survey
IANS
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June 21, 2024 1:24 PM
New Delhi, June 21 (IANS) Output growth across India's private sector regained growth in June with business activity increasing at quicker rates among manufacturing companies and services firms while hiring of workers shot up to an 18-year high, according to HSBC’s flash PMI data released on Friday.
Indian jewellery sector revenue shoots up by over Rs 1 lakh crore in 5 years: Report
IANS
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June 21, 2024 12:18 PM
Mumbai, June 21 (IANS) India's jewellery retail sector has recorded rapid growth in the last five years surging from Rs 5,04, 400 crore in 2019 to 6,40,000 crore in 2024 on the back of rising incomes in the economy and greater trust in the products due to hallmarking, according to a Motilal Oswal report.
