Mutual funds gave over 17 per cent average returns in first half of 2024
IANS
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June 26, 2024 11:52 AM
Mumbai, June 26 (IANS) Indian equity markets gave stellar returns in the first six months of 2024.
Global fintech industry sees robust 14 pc revenue growth, India shows the way
IANS
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June 26, 2024 11:25 AM
New Delhi, June 26 (IANS) Despite significant shifts in funding and valuations, the global fintech industry saw a robust annual revenue growth of 14 per cent from 2021 to 2023, a report showed on Wednesday, adding that India is reaping the benefits of investment in digital public infrastructure (DPI).
Time to upgrade cybersecurity measures to address dynamic threat landscape: Centre
IANS
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June 26, 2024 9:33 AM
New Delhi, June 26 (IANS) In the wake of growing cyber threat incidents, the country needs to continuously upgrade cybersecurity measures to address new vulnerabilities and dynamic threat landscapes, the government has said.
Indian bond inclusion likely to impact weight of three EMs
IANS
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June 25, 2024 6:17 PM
Mumbai, June 25 (IANS) Indian bonds will start getting included in the JP Morgan Emerging Market Bond Index (GBI EM Index) from June 28 this year.
Indian Railways to deploy Kavach system on 44,000 kms of tracks in next 5 years
IANS
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June 25, 2024 5:45 PM
New Delhi, June 25 (IANS) Indian Railways aims to deploy the Kavach system on 44,000 kms of tracks to avoid train accidents in the future, according to a media report.
Indian pharma formulations sector to more than double to Rs 5.5 trn by 2034: Report
IANS
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June 25, 2024 5:07 PM
New Delhi, June 25 (IANS) India's Domestic Pharma Formulations (DomForm) market, which includes branded generic medicines, is expected to more than double and cross Rs 5.5 trillion in the next 10 years at a CAGR of 10 per cent, according to a new report.
Weddings now $130 bn industry in India, a family spending over Rs 12 lakh on average
IANS
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June 25, 2024 5:06 PM
New Delhi, June 25 (IANS) Indian weddings have always been a grand affair and now, an Indian family is spending, on average, more than Rs 12 lakh (nearly $14,500) on ceremonies which is five times the GDP per capita ($2,900) and more than three times the average annual household income of Rs 4 lakh, a new report has revealed.
Centre may increase welfare spending in upcoming budget: Report
IANS
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June 25, 2024 3:12 PM
New Delhi, June 25 (IANS) The Central government is likely to increase its welfare spending on social schemes by Rs 50,000 crore in the upcoming budget, due to robust tax collection and record dividend from the Reserve Bank of India (RBI), according to the global brokerage Jefferies.
Private defence firms in India to clock 20 pc revenue growth in FY25: Report
IANS
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June 25, 2024 3:08 PM
New Delhi, June 25 (IANS) Propelled by strong government impetus and the ‘Atmanirbhar Bharat’ initiative, the revenue of the top 25 private aerospace and defence companies is set to grow 20 per cent to Rs 13,500 crore this fiscal (FY25), a report showed on Tuesday.
Indian automotive & ancillary sector to reach Rs 15 lakh crore, create over 19 million jobs
IANS
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June 25, 2024 2:02 PM
Mumbai, June 25 (IANS) Buoyed by the government policies, the Indian automotive and ancillary sector is likely to double its size to Rs 15 lakh crore, providing employment to over 19 million people by the end of 2023, a report said on Tuesday, adding that Indian corporates are navigating global challenges with superior risk handling.
