Economy News

India pips China to become largest weight in MSCI Emerging Market IMI

Sep 6, 2024

Robots can lie and deceive like humans: Study

Just like humans, robots can lie and deceive, according to a study on Thursday that shows how emerging technologies like generative AI can be used to manipulate users

Sep 5, 2024

Centre sets 500 million tonnes domestic steel production by 2034

The Centre on Thursday set the target of achieving 500 million tonnes of steel production by 2034, urging the industry to find new ways towards low emission, high productivity, high quality and the use of artificial intelligence (AI)

Sep 5, 2024

Financial services sector must grow 20 times towards $30 trillion GDP goal by 2047: Report

In order to achieve a $30 trillion GDP by 2047, India will require a 20 times growth in the financial services sector, with banks playing a pivotal role, a report showed on Thursday.

Sep 5, 2024

Ministry of Electronics and IT, MeitY, Electronics Niketan

IT Ministry to nurture 125 early-stage startups with funding, mentorship

The IT Ministry on Thursday announced the second cohort of its startup accelerator where 125 early-age startups, selected and supported through potential accelerators, will be provided funding support and mentorship.

Sep 5, 2024

Sitharaman Announces Three New Railway Economic Corridors

Indian women leading 18pc of 111 unicorns in India: FM

Indian women are rising the corporate ladder as they are leading about 18 per cent of 111 unicorns (valued at $1 billion) in the startup and financial technology space.

Sep 5, 2024

Centre to create Aadhaar-like digital IDs for 11 crore farmers by FY27

In a bid to empower the farmers' community, the government is targeting to create digital identities for 11 crore farmers over the three fiscals which will be similar to Aadhaar card.

Sep 5, 2024

Indian startup ecosystem witnesses 13 large funding rounds in 2024

The Indian startup ecosystem witnessed a surge in large funding rounds (over $100 million) in 2024, as startups' focus has shifted to profitability along with growth.

Sep 5, 2024

Sensex down by 202 points, Nifty drops below 25,200

Indian equity indices closed in the red on Wednesday due to negative global sentiments.

Sep 4, 2024

Govt to clear FAME 3 scheme for faster EV adoption in 1-2 months: Minister

he Centre to clear the third Faster Adoption and Manufacturing of (Hybrid and) Electric Vehicle (FAME) scheme to promote electric vehicle (EV) adoption.

Sep 4, 2024

43 pc of WazirX customers to lose their money, demand grows for scrutiny

Bowen said that the government received bids for 19 GW in total storage capacity, and the winning projects' total storage capacity will exceed what was initially planned.

Sep 4, 2024

Centre plans 74 new tunnels worth Rs 1 lakh crore to bolster highway network

In a move to bolster the highway network across the country, the government is planning to build 74 new tunnels at a projected expense of Rs 1 lakh crore over the next few years.

Sep 4, 2024

India's fintech startups grow fivefold in last three years

India's financial sector is growing at a rapid pace as fintech startups have grown by about five times in the past three years, according to a report. The growth has been from 2,100 in 2021 to 10,500 in 2024.

Sep 4, 2024

Rs 750 crore 'AgriSURE Fund' to empower startups, boost rural economy

In a pioneering step toward revolutionising the agricultural landscape in India, the government has launched the 'AgriSURE Fund' with a capital pool of Rs 750 crore to further drive investments that will empower farmers and boost the rural economy.

Sep 4, 2024

Improvement in employment rates and record foreign exchange reserves have further strengthened India's economic position

India's economic outlook positive, growth set to continue: World Bank Report

India's economy is showing robust growth with a projected rate of 8.2% in FY23/FY24, according to the World Bank. The World Bank suggests India can boost growth by diversifying its export basket and integrating more into global value chains.

Sep 3, 2024