Economy News

HSBC India gets RBI nod to open 20 new bank branches in key cities

HSBC India gets RBI approval to open 20 new bank branches in key cities [List of key cities]

HSBC India on Thursday announced that it has received approval from the Reserve Bank of India (RBI) to open 20 new bank branches in key cities.

Jan 18, 2025

Indian startups raise over $308 million this week across 24 deals

The funding season in the Indian startup ecosystem continued its growth this week as startups cumulatively raised more than $308 million across 24 deals.

Jan 18, 2025

IREDA finalises pact for joint venture to set up 900 MW hydroelectric project in Nepal

The Indian Renewable Energy Development Agency Ltd. (IREDA) on Thursday finalised a joint venture agreement with SJVN Ltd., GMR Energy Ltd., and Nepal Electricity Authority (NEA) for the development of the 900 MW Upper Karnali Hydroelectric Project in Nepal as part of a strategic initiative aimed to strengthen regional energy security and accelerate renewable energy growth, according to an official statement.

Jan 18, 2025

India Semiconductor Mission, CG Power and CG Semi ink fiscal support agreement

India Semiconductor Mission, CG Power and CG Semi signed fiscal support agreement

The India Semiconductor Mission (ISM) on Friday signed a Fiscal Support Agreement (FSA) with CG Power and CG Semi, that will help the country develop a robust semiconductor manufacturing ecosystem.

Jan 18, 2025

Tripura's lone airport upgraded for passenger movement & infrastructure development

Tripura's lone Agartala airport upgraded for more passenger movement

The Airport Authority of India (AAI) has upgraded Agartala's Maharaja Bir Bikram (MBB) Airport from Grade III to Grade II, based on the passenger movement and infrastructure development.

Jan 18, 2025

IMF projects India growth to be solid at 6.5 pc in 2025 and 2026

IMF projects India growth at 6.5 pc in 2025-26, aligns with UN report

In India, the economic growth is projected to be solid at 6.5 per cent in 2025 and 2026, as projected in October and in line with potential, the International Monetary Fund (IMF) has said in its latest World Economic Outlook (WEO) update.

Jan 18, 2025

India seeking mutually beneficial FTA with EU

Piyush Goyal to visit Brussels to discuss India-EU FTA, boost trade ties

In a bid to further boost trade and investment ties with the European Union (EU), Union Minister of Commerce and Industry Piyush Goyal is slated to visit Brussels, Belgium for a high-level dialogue.

Jan 18, 2025

Sensex snaps five-day losing streak, Nifty closes above 24,300

Week Ahead: Indian stock market awaits mixed bag of impact over Trump's inauguration

As Indian investors adopt a cautious approach ahead of the inauguration of Donald Trump as 47th US President and his comments with focus on tariffs, this week was a mixed bag for the domestic benchmark indices.

Jan 18, 2025

India has also witnessed a tenfold rise in exports of bananas in the past decade

India's exports of food goods jump 11 pc to $17.8 billion in April-Dec

India's exports of agricultural and processed food products registered a robust 11 per cent growth to $17.77 billion during April-December of the current financial year compared to the same period of the previous year, according to official figures.

Jan 17, 2025

RBI eases FEMA rules to boost rupee payments in cross-border deals

The Reserve Bank of India (RBI) on Thursday announced the issuing of revised Federal Emergency Management Agency (FEMA) regulations to permit more liberal use of INR accounts held by NRIs to make payments, in order to promote cross border transactions in the Indian rupee and national currencies of trading partner countries.

Jan 16, 2025

Short-seller Hindenburg Research to be disbanded, says founder

Hindenburg Research founder Nate Anderson has announced to disband the short seller firm, saying there is not one specific thing -- "no particular threat, no health issue and no big personal issue".

Jan 16, 2025

Sensex closes at all-time high, Nifty above 26,000 for first time

Indian stock market opens higher amid positive global cues

The Indian stock market opened higher on Thursday amid positive global cues, including hope of an end to the conflict in Gaza, as buying was seen in the PSU bank and financial service sectors.

Jan 16, 2025

1.59 lakh startups, 16.6 lakh jobs make India world's 3rd largest ecosystem: Centre

With more than 1.59 lakh startups recognised by the Department for Promotion of Industry and Internal Trade (DPIIT) as of January 15, India has firmly established itself as the third-largest startup ecosystem in the world, the government said on Wednesday.

Jan 15, 2025

India most resilient economy among top 10, to become 4th largest one by 2026: PHDCCI

India will be the most resilient economy among the top 10 leading ones in the next three years (2025-2027), becoming the fourth largest economy by 2026, the PHD Chamber of Commerce and Industry (PHDCCI) said on Wednesday.

Jan 15, 2025

Housing sales stabilise in top Indian cities, festive quarter to see uptick in demand

Home sales priced above Rs 1 crore up 80 pc in NCR, Rs 2-5 crore properties up 38 pc

Amid sustained demand for spacious homes with state-of-the-art amenities, the National Capital Region (NCR) saw properties priced Rs 1 crore and above accounting for 80 per cent of the total residential units sold in 2024.

Jan 13, 2025

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Economy News

HSBC India gets RBI approval to open 20 new bank branches in key cities [List of key cities]

Indian startups raise over $308 million this week across 24 deals

IREDA finalises pact for joint venture to set up 900 MW hydroelectric project in Nepal

India Semiconductor Mission, CG Power and CG Semi signed fiscal support agreement

Tripura's lone Agartala airport upgraded for more passenger movement

IMF projects India growth at 6.5 pc in 2025-26, aligns with UN report

Piyush Goyal to visit Brussels to discuss India-EU FTA, boost trade ties

Week Ahead: Indian stock market awaits mixed bag of impact over Trump's inauguration

India's exports of food goods jump 11 pc to $17.8 billion in April-Dec

RBI eases FEMA rules to boost rupee payments in cross-border deals

Short-seller Hindenburg Research to be disbanded, says founder

Indian stock market opens higher amid positive global cues

1.59 lakh startups, 16.6 lakh jobs make India world's 3rd largest ecosystem: Centre

India most resilient economy among top 10, to become 4th largest one by 2026: PHDCCI

Home sales priced above Rs 1 crore up 80 pc in NCR, Rs 2-5 crore properties up 38 pc

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