Economy News

June saw over 42 lakh new demat accounts amid bullish stock market

As the Indian stock market keeps touching new highs amid a record bull run, over 42.4 lakh new demat accounts were opened in the month of June, the highest account opening rate since February.

Jul 7, 2024

India electricity generation jumps by 15% for May amid scorching heat wave

India's electricity production went up by a robust 15.06 per cent to 167.55 billion units in May this year compared to 145.61 billion in the same month last year, as demand surged amid the scorching heat wave, according to the monthly report of Central Electricity Authority.

Jul 6, 2024

Ola exits Google Maps, develops in-house Ola Maps

India's major ride-hailing company Ola has exited Google Maps and has shifted to its own Ola Maps for cab operations.

Jul 6, 2024

India's Vision 2047: On Track to Developed Nation Status

India, the world's fastest-growing economy, is on a trajectory to become a developed nation by 2047. This ambitious goal, set to coincide with the 100th anniversary of India's independence, is not just a dream but a vision that the Indian government and its people are committed to realizing.

Jul 5, 2024

Elon Musk halts investment plans in India: Bloomberg report

It has been previously reported that Elon Musk had planned to visit Indian prime minister Narendra Modi in April

Jul 4, 2024

Centre announces Rs 200 crore scheme for green hydrogen testing infra

The government on Thursday announced a Rs 200 crore scheme for funding testing facilities, infrastructure, and institutional support for the development of standards and regulatory frameworks under the National Green Hydrogen Mission.

Jul 4, 2024

Mega boost to Indian startup ecosystem; $7bn in H1 2024, domestic funding, demand set to drive growth

Indian startups received nearly $7 billion in funding in the first half of 2024, indicating potential for growth. This growth is driven by domestic funding and demand, similar to the success seen in Silicon Valley and China. The Indian FMCG sector's growth, driven by rural demand and government initiatives, serves as an example of the potential for domestic demand to drive growth in the startup sector.

Jul 4, 2024

India records robust services sector growth in June, hiring at 2-year high

Survey of services sector shows robust growth in June, exports-wise

India's services sector has witnessed a robust growth in June, according to a survey conducted by HSBC. The growth was primarily driven by strong domestic demand and a record increase in export orders.

Jul 3, 2024

Indian real estate registers $2.5 bn in investments in Q2

Indian Real Estate Attracts $2.5 Billion in Q2 Investments: Report

After a steady start in the first quarter (Q1) of 2024, Indian real estate saw accelerated momentum in the second quarter (Q2), registering $2.5 billion of inflows -- the highest in any quarter since 2021, a new report showed on Wednesday.

Jul 3, 2024

SEBI issues show-cause notice to Hindenburg, Nathan Anderson over Adani report

The Securities and Exchange Board of India (SEBI) has issued a show-cause notice to Hindenburg Research, Nathan Anderson and the entities of Mauritius-based foreign portfolio investor (FPI) Mark Kingdon for trading violations in the scrip of Adani Enterprises Ltd, leading up to Hindenburg report and thereafter.

Jul 2, 2024

CBDT meets officials to dispel doubts on faceless tax assessment.

GST collection jumps 7.7 pc in June to Rs 1.74 lakh crore

India's gross GST collection rose to Rs 1.74 lakh crore in June this year which represents a 7.7 per cent increase over the same month last year, according to sources.

Jul 2, 2024

India's manufacturing activity surges in June, hiring at 19-year high

India's manufacturing activity picked up momentum in June on the back of rising consumer demand leading to the fastest rate of hiring in 19 years, according to HSBC's final India Manufacturing Purchasing Managers' Index (PMI), compiled by S&P Global.

Jul 1, 2024

Sensex jumps more than 1,000 points on impressive GDP numbers (Ld)

Sensex at 79,484, up 451 points, Nifty at 24,143, up 132 points on positive global cues

Sensex was up 451.39 points or 0.57 percent at 79,484.12, and the Nifty was up 132.60 points or 0.55 percent at 24,143.20.

Jul 1, 2024

Thales signs deal with Adani Defence to manufacture 70mm rockets in India

In a major fillip to the government's local manufacturing push, Adani Defence & Aerospace - the defence arm of the Adani Group — has signed an agreement with the Thales Group to manufacture 70mm rockets in India.

Jun 28, 2024

ERAM: Revolutionizing Exchange Rates for Importers, Exporters

The Central Board of Indirect Taxes and Customs (CBIC) has launched the Exchange Rate Automation Module (ERAM) to enhance trade facilitation. The ERAM will publish exchange rates of 22 currencies online in advance, replacing the existing manual process.

Jun 28, 2024

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Economy News

June saw over 42 lakh new demat accounts amid bullish stock market

India electricity generation jumps by 15% for May amid scorching heat wave

Ola exits Google Maps, develops in-house Ola Maps

India's Vision 2047: On Track to Developed Nation Status

Elon Musk halts investment plans in India: Bloomberg report

Centre announces Rs 200 crore scheme for green hydrogen testing infra

Mega boost to Indian startup ecosystem; $7bn in H1 2024, domestic funding, demand set to drive growth

Survey of services sector shows robust growth in June, exports-wise

Indian Real Estate Attracts $2.5 Billion in Q2 Investments: Report

SEBI issues show-cause notice to Hindenburg, Nathan Anderson over Adani report

GST collection jumps 7.7 pc in June to Rs 1.74 lakh crore

India's manufacturing activity surges in June, hiring at 19-year high

Sensex at 79,484, up 451 points, Nifty at 24,143, up 132 points on positive global cues

Thales signs deal with Adani Defence to manufacture 70mm rockets in India

ERAM: Revolutionizing Exchange Rates for Importers, Exporters

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