Economy News

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

India's defence export projected to grow at 18 pc by 2030: Report

India's defence export is estimated to grow at 18 per cent CAGR (compound annual growth rate) from FY24-FY30, driven by the 'Make in India' initiative and thrust on local manufacturing.

Sep 9, 2024

GST reduced tax incidence on common man, to be expanded to remaining sectors

GST Council meet to focus on medical insurance premium, rate rationalization

With an aim to ensure less burden on the taxpayers, the 54th GST Council meeting is likely to deliberate on a slew of issues.

Sep 9, 2024

Number of unorganised workers registered on eShram portal rises to 29.79 crore

Govt to Set up 'eShram' portal as One-Stop Solution for Unorganized Workers

The eShram portal, a government initiative, has registered 30 crore unorganised workers in India within three years. The government plans to integrate the eShram portal with other government websites to facilitate seamless access to various schemes.

Sep 9, 2024

Centre sanctions Rs 576 crore for 4-laning highway in Karnataka

Cost of EVs to match petrol, diesel vehicles by 2026: Nitin Gadkari

Adoption of electric vehicles (EVs) increase in the country, the cost of EVs will almost match petrol and diesel vehicles within the next two years

Sep 9, 2024

India's position set to rise in global supply chains with huge chip investments

India Poised to Become Global Semiconductor Hub; $30 billion investment in 3 years

India is set to become a global hub for semiconductor manufacturing, with an expected investment of up to $30 billion in the next three to five years. The Maharashtra government approved a semiconductor manufacturing project by Israel's Tower Semiconductor and the Adani Group, expected to create at least 15,000 jobs.

Sep 8, 2024