If we borrow, we borrow to build, says FM Sitharaman

IANS | February 17, 2025 1:56 PM

Mumbai, Feb 17 (IANS) Finance Minister Nirmala Sitharaman on Monday said that Prime Minister Narendra Modi-led government’s "big shift in Budget-making" is ensuring a responsible approach to handling taxpayers' money which is reflected in borrowings directed toward capital asset building.

India’s smartphone exports surge by 140 pc to $3 billion in Jan

IANS | February 17, 2025 11:49 AM

New Delhi, Feb 17 (IANS) India’s smartphone exports in January surged by as much as 140 per cent over the same month of the previous year, to reach a record high of Rs 25,000 crore ($3 billion) as tech giants Apple and Samsung stepped up overseas shipments from their supply chains in the country, according to industry estimates.

LG Electronics bets big on India market ahead of its mega IPO

IANS | February 17, 2025 10:33 AM

New Delhi, Feb 17 (IANS) After Hyundai Motor India Ltd (HMIL), the Indian subsidiary of Hyundai Motor Company, listed on the Indian stock market in a landmark Rs 27,856 crore initial public offering (IPO), another South Korean giant LG's India arm is all set for its mega IPO.

Indian stock market opens lower, Nifty below 22,850

IANS | February 17, 2025 9:45 AM

Mumbai, Feb 17 (IANS) The Indian benchmark indices opened lower on Monday amid mixed global cues as selling was seen in auto, IT and PSU bank sectors in the early trade, as the upcoming reciprocal trade tariffs announced by the US government stayed on top of the investors’ mind.

PM Modi fixes Rs 9 lakh crore target for textile exports by 2030

IANS | February 16, 2025 7:26 PM

New Delhi, Feb 16 (IANS) Prime Minister Narendra Modi on Sunday fixed a target of Rs 9 lakh crore for the country’s annual textiles and apparel exports by 2030 which represents a three-fold jump from Rs 3 lakh crore at present as he highlighted the huge job creation that was taking place in the sector which employs “crores of workers."