Tuesday, January 21, 2025

Business

India, Telangana pavilions inaugurated at World Economic Forum

HYDERABAD: The India Pavilion at the World Economic Forum in Davos was inaugurated jointly by Union Food Processing Minister Chirag Paswan, Union Minister of State (MoS) for Skill Development Jayant Chaudhary, Telangana Chief Minister A. Revanth Reddy, state IT Minister D. Sridhar Babu, and Kerala State Minister for Industries and Law P. Rajeev.

India projected to account for 16 pc of global consumption by 2050: Report

NEW DELHI: India is projected to account for 16 per cent of global consumption by 2050, up from 9 per cent in 2023, McKinsey Global Institute said in a report on 'Dependency and Depopulation: Confronting the Consequences of New Demographic Reality'.

Sensex tanks more than 800 points over impending Trump trade tariffs

MUMBAI: Indian stock markets saw a sharp decline on Tuesday, giving up their morning gains and trading significantly lower by midday as investors remain cautious about Trump trade tariffs.

Semicon India scheme to create 85,000 jobs: Centre

NEW DELHI: In the run-up to the Union Budget 2025-26 to be presented on February 1, the Union Finance Ministry on Tuesday highlighted the achievements of the government’s policies in pushing up investments and employment through the semiconductor programme and the PLI scheme for electronic goods manufacturing.

India, Belgium to deepen trade and investment ties: Piyush Goyal

NEW DELHI: Union Minister for Commerce and Industry Piyush Goyal and Bernard Quintin, Belgian Minister of Foreign Affairs, European Affairs and Foreign Trade, held bilateral talks in Brussels to boost trade and investment ties across the spectrum, it was announced on Tuesday.

Indian stock market trades flat as new US President avoids tariffs on Day 1

MUMBAI: Indian benchmark indices traded almost flat on Tuesday morning, tracking gains in Asia, after Donald Trump took over as the 47th US President and did not immediately impose trade tariffs as widely expected.

Seoul shares turn lower amid rising woes over US protectionism

SEOUL: South Korean stocks turned lower on Tuesday after new US President Donald Trump ordered his administration to address unfair trade practices globally.

Indian stock market ends on positive note as US gears up for Trump 2.0

MUMBAI: Ahead of US President-elect Donald Trump's inauguration as the 47th President amid good Q3 earnings, the Indian benchmark indices on Monday closed the day in the positive territory.

You are India’s global ambassadors in the making: Gautam Adani to students

AHMEDABAD: The Adani Group Chairman, Gautam Adani, on Monday, told students that India, he sees now is alive with runways and "you are India’s global ambassadors in the making".

WEF chief forecasts 7 to 8 pc growth for India on back of economic reforms

NEW DELHI: World Economic Forum (WEF) president and CEO Borge Brende has forecast a 7 to 8 per cent GDP growth for India on the back of higher investments driven by economic reforms.

RBI steps to boost liquidity in banking system are smart, pragmatic: SBI

MUMBAI: More changes in the RBI Liquidity Management Framework are likely after the daily dynamic VRR has been taken as the first step to manage liquidity in the banking system, according to an SBI research report.

Sensex opens higher as traders gear up for Trump’s inauguration

MUMBAI: Indian benchmark indices opened higher on Monday, taking positive cues from its Asian peers, as traders geared up for Donald Trump's inauguration as the 47th US President.

Hindenburg founder Anderson named in investigations for securities fraud, faulty disclosures: Reports

NEW DELHI: Substantial evidence has begun to emerge against the controversial short-seller Hindenburg Research and its founder Nathan Anderson in a court battle in Ontario, Canada, exposing Hindenburg's secret ties, and potential securities fraud and faulty disclosures made by the firm and the founder, according to media reports.

World Bank expects India's fiscal deficit to shrink further amid rising tax revenues

NEW DELHI: India's fiscal deficit is expected to shrink further, on the back of growing tax revenues, according to a World Bank report.

EPFO simplifies process for funds transfer, correcting personal details

NEW DELHI: The Employees’ Provident Fund Organisation (EPFO) has introduced major changes to simplify key processes for its 7.6 crore subscribers by cutting down circuitous approvals that led to delays and inconvenience.

Railway milestone: 18-coach trial run on Katra-Budgam track in J&K

JAMMU: The trial run on the Katra-Budgam railway track of Udhampur-Srinagar-Baramulla Rail Link (USBRL) was completed on Sunday as the 18-coach trial train started at 8 a.m. from Katra railway station towards Kashmir

Foreign investments by Indian firms register double digit growth at $37.7 billion in 2024

NEW DELHI: Overseas FDI investments by Indian companies shot up by a robust 17 per cent to $37.7 billion in the calendar year 2024 from $32.29 billion in the previous year, reflecting the increasing strength of the country’s corporate sector in taking up foreign ventures.

The Third Eye: All business is human activity

NEW DELHI:: Different aspects of business, including sales promotion, building mutual trust with prospective buyers on the strength of the customer feedback, effective communications, honouring the organisational ethics, and use of emotional intelligence for handling people, prove the basic point that all business is about human beings -- conducted 'by and for the people'.

Maha CM Fadnavis leaves for Davos to attend World Economic Forum

MUMBAI:Maharashtra Chief Minister Devendra Fadnavis has left for Davos in Switzerland to attend the World Economic Forum (WEF), the CM’s office said on Sunday. Industries Minister Uday Samant and a delegation of officials from MIDC, MMRDA, and CIDCO will also participate in the conference.

WEF 2025: World keen to understand India’s economic policies, says Ashwini Vaishnaw

NEW DELHI:Union Minister for Railways and Electronics and IT, Ashwini Vaishnaw, will participate in the World Economic Forum (WEF) 2025 at Davos, it was announced on Sunday.

Senior South Korean politicians, business leaders head for Trump's inauguration

SEOUL: Senior politicians and business leaders have departed for the United States to attend Donald Trump's presidential inauguration ceremony, officials said on Sunday.

CM Chandrababu Naidu to promote Andhra Pradesh's global stature at World Economic Forum in Davos today

DAVOS: Andhra Pradesh Chief Minister N. Chandrababu Naidu will attend the World Economic Forum in Davos, Switzerland, on Sunday. His agenda includes promoting Andhra Pradesh to global business leaders and industrialists for potential investments.

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

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

Internship programme with Rs 20K stipend for future internet governance leaders launched

NEW DELHI: The National Internet Exchange of India (NIXI) on Saturday announced the launch of its Internet Governance Internship and Capacity Building Scheme, which aims to build awareness and develop expertise in internet governance among Indian citizens.

A revival in public capex on infrastructure is likely to stimulate growth in key sectors.

MUMBAI: India's economic growth is poised to rebound as domestic demand regains strength reflecting a resilience in consumption, supported by brighter agricultural prospects," according to the RBI’s monthly bulletin for January.

Mixed bag for Indian stock markets this week, all eyes on Trump’s inauguration

MUMBAI: 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.

Auto component sector should build EV ecosystem before others catch up: Piyush Goyal

NEW DELHI: While negotiating Free Trade Agreement (FTAs), the sector that stands out is the auto component industry and Indian auto component manufacturers should now build the electric vehicle (EV) ecosystem before other countries catch up, Union Minister of Commerce and Industry, Piyush Goyal, has said.

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

NEW DELHI: 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.

Indian stock market ends lower after 3-day gains, Nifty below 23,250

MUMBAI: India's domestic benchmark indices ended lower on Friday as selling was seen in the IT and Financial service sectors.

Govt approves refarming of 687 megahertz spectrum for telecom industry: Jyotiraditya Scindia

NEW DELHI: The government has approved the refarming of 687 megahertz (MHz) of spectrum for the telecom industry from various ministries, Union Communications Minister Jyotiraditya Scindia said on Friday, a move hailed by the industries bodies for faster rollout of better 5G services across the country and prepare for the 6G era.

$36 bn FDI has flowed into auto sector in last four years, more on the way, says PM Modi

NEW DELHI: Prime Minister Narendra Modi on Friday said the Indian automobile sector had attracted more than $36 billion in FDI over the last four years and this figure would go up several times in the coming years. He exhorted vehicle manufacturers to follow the mantra of ‘Make in India and Make for the World’.

Govt capex, rising consumer spending to spur India's GDP growth in 2025-26: Report

NEW DELHI: The Federation of Indian Chambers of Commerce and Industry (FICCI) is optimistic about India's economic outlook for 2025-26 as it expects the Government's continuing thrust on capital expenditure and an increase in consumer spending to drive growth despite the external headwinds.

Indian stock market opens lower amid weak global cues

MUMBAI: The Indian stock market opened lower on Friday amid weak global cues as selling was seen in the IT and private bank sectors.

PM Modi to inaugurate Bharat Mobility Global Expo 2025 today

NEW DELHI: Prime Minister Narendra Modi will inaugurate the ‘Bharat Mobility Global Expo 2025′ on Friday at Bharat Mandapam in the national capital.

Term Insurance vs. Other Insurance Options for Self-Employed Individuals

Like an entrepreneur, work requires performing different roles because managing clients and administering a business tend to make every day an action-filled one. With this distraction, one can easily forget to ensure future financial security.

Understanding the Age Limit for Home Loan Eligibility

Home loans are a popular financial tool that allows individuals to fulfill their dream of owning a home without the need for upfront payment of the entire property cost. While factors such as income, credit score, and repayment capacity play a significant role in determining loan eligibility, age is another crucial aspect lenders consider.

Infosys clocks 11.5 pc net profit growth at Rs 6,806 crore in Q3

NEW DELHI: IT major Infosys on Thursday reported 11.5 per cent increase in net profit at Rs 6,806 crore in the third quarter (Q3) this fiscal, from Rs 6,106 crore in the year-ago period.

India set to become ‘GCC Capital of the World’

NEW DELHI: India is set to become the ‘GCC Capital of the World’ with 1,700 global capability centres (GCCs) employing over two million people — a number projected to grow significantly by 2030, the government said on Thursday.

India’s home sales jump 11 pc to all-time high of 3.03 lakh units in 2024: JLL

MUMBAI: Residential property sales during 2024 witnessed sustained growth reaching a record-high volume of 3,02,867 units, which represents an 11 per cent growth year-on-year and the momentum is expected to continue into 2025, according to a JLL report released on Thursday.

'Booster shot for self-reliance': Govt signs Rs 2,960 crore deal with Bharat Dynamics to make missiles for Indian Navy

NEW DELHI:The Ministry of Defence on Thursday signed a contract with Bharat Dynamics Ltd (BDL) for the supply of medium-range surface-to-air missiles (MRSAM) to the Indian Navy at a cost of approximately Rs 2,960 crore.

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