Economy News

India-UAE bilateral trade set to surpass $100 billion target before 2030

The bilateral trade between India and the United Arab Emirates (UAE) is on track to surpass the $100 billion target well before 2030, underscored by a notable 12.7 per cent (year-on-year) increase, according to a report on Tuesday.

Sep 24, 2024

Post-Covid Investment Trends: Regular Returns and Tax Benefits Take Center Stage

The Covid-19 pandemic has shifted investment trends towards regular returns, tax benefits, and degree of returns, according to a report by the PHD Research Bureau, PHD Chamber of Commerce and Industry, and JIIMS, Rohini. The report analyzed investment behaviors over a four-year period, considering six financial instruments - mutual funds, bonds, stocks, derivatives, gold, and real estate.

Sep 23, 2024

Apple iPhone 16 being launched globally from Indian factories: Ashwini Vaishnaw

'Made in India' iPhone 16 pre-orders skyrocket; set to shatter export records

Apple's 'Made in India' iPhone 16 has seen a surge in pre-orders, with the iPhone 16 Pro models witnessing strong traction due to strategic pricing. The Indian government's push for local manufacturing has played a significant role in the iPhone 16's success, with models being manufactured and assembled in India.

Sep 19, 2024

World Bank raises India's GDP growth forecast to 7.5 pc for 2023-24

India set to become third-largest economy by FY30-31: S&P Global

India is on track to become the third-largest economy by fiscal 2030-31, driven by a robust projected annual growth rate of 6.7 per cent, a report by S&P Global projected.

Sep 19, 2024

Civil Aviation Minister inaugurates APMC 2024, aims to build robust aviation landscape

India plans to increase women's participation in aviation sector to 25pc by 2025: Ram Mohan Naidu

Addressing the two-day Asia-Pacific Ministerial Conference on Civil Aviation (APMC) that will end on Thursday, Ram Mohan Naidu stated that the conference reflects the shared vision of the Asia-Pacific region to build a more connected, resilient and robust aviation landscape.

Sep 12, 2024

Industry hails extension of FAME II scheme to bolster EV infra

Indian Electric Vehicle Market Projected to Grow 40% by 2027

India's Electric Vehicle (EV) market is projected to grow at a CAGR of 35-40% until 2027, driven by government incentives, rising fuel prices, and increased consumer awareness.

Sep 11, 2024

Apple hits $5 bn in iPhone exports from India between April and August

Driven by the production-linked incentive (PLI) scheme, Apple has reached around $5 billion in iPhone exports from India in the April-August period this fiscal.

Sep 11, 2024

5 cr MSMEs registered, aim to ramp up credit guarantees by another Rs 5 lakh cr: Centre

Registered MSMEs in India have surged from 1.65 crore to 5 crore due to government efforts. The Credit Guarantee Trust for Micro and Small Enterprises has extended credit guarantees worth Rs 4 lakh crore in the last two years.

Sep 10, 2024

Health experts hail Centre's move to exempt customs duty on cancer drugs

GST reduction on cancer drugs to make life-saving meds more affordable: Experts

Reduction in tax rates on essential cancer drugs, a crucial step for making life-saving medicines more affordable and accessible to patients.

Sep 10, 2024

Indian space startup Pixxel bags NASA contract to support Earth science research

Indian space startup Pixxel has bagged a NASA contract to support Earth science research using the hyperspectral technology.

Sep 10, 2024

Hiring outlook in India up 7 pc for Oct-Dec quarter, strongest globally: Report

The employment outlook in India is the strongest worldwide for the October-December period (Q4 2024), showing significant improvement of 7 per cent compared to the ongoing July-September quarter (Q3), a report showed on Tuesday.

Sep 10, 2024

PM Modi's Cabinet approves ₹3,300 crore for 'Made in India' semiconductors

Over 250 chip firms from 24 countries to participate in 'Semicon India 2024'

India hosts Semicon India 2024, showcasing growing semiconductor industry presence.

Sep 10, 2024

Hindustan Aeronautics Limited (HAL) for 240 aero engines (AL-31FP) for Su-30 MKI aircraft defence

Centre signs Rs 26,000 cr contract with HAL for 240 aero engines

In a boost for local defence manufacturing, the Centre on Monday signed a Rs 26,000 crore contract with the Hindustan Aeronautics Limited (HAL) for 240 aero engines (AL-31FP) for Su-30 MKI aircraft.

Sep 9, 2024

Economic Resurgence India's Path to Becoming the World's Third Largest Economy

India's economy, the world's sixth-largest, saw a GDP growth fall to a five-quarter low of 6.7% in the first quarter of FY25. Despite the slowdown, the manufacturing and construction sectors show growth, with potential for a rebound in the farm sector.

Sep 9, 2024

Life Insurance Corporation of India (LIC)

LIC's new business premium up 35 pc to Rs 19,309 crore in Aug

LIC of India saw surge in its new business premium for the month of August in the same month last year.

Sep 9, 2024

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Economy News

India-UAE bilateral trade set to surpass $100 billion target before 2030

Post-Covid Investment Trends: Regular Returns and Tax Benefits Take Center Stage

'Made in India' iPhone 16 pre-orders skyrocket; set to shatter export records

India set to become third-largest economy by FY30-31: S&P Global

India plans to increase women's participation in aviation sector to 25pc by 2025: Ram Mohan Naidu

Indian Electric Vehicle Market Projected to Grow 40% by 2027

Apple hits $5 bn in iPhone exports from India between April and August

5 cr MSMEs registered, aim to ramp up credit guarantees by another Rs 5 lakh cr: Centre

GST reduction on cancer drugs to make life-saving meds more affordable: Experts

Indian space startup Pixxel bags NASA contract to support Earth science research

Hiring outlook in India up 7 pc for Oct-Dec quarter, strongest globally: Report

Over 250 chip firms from 24 countries to participate in 'Semicon India 2024'

Centre signs Rs 26,000 cr contract with HAL for 240 aero engines

Economic Resurgence India's Path to Becoming the World's Third Largest Economy

LIC's new business premium up 35 pc to Rs 19,309 crore in Aug

Time for India to follow suit? France, Germany, Netherlands, US banned use of EVMs [here's why]

Dhanush's Captain Miller has no buyers in Telugu states? Here's why

Deepika Padukone is a sight to behold in velvet gown; attends Academy Museum Gala with Selena Gomez, Dua Lip [see pics]

Is exhibiting cleavage mandatory? Malaika Arora opts for low neck sleeveless outfit at event in Vrindavan, leaves netizens furious

'She is cruel…': Ankita Lokhande CRIES after fight with Mannara, tells Vicky she wants to go home; fans react