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Digital economy poised to be 20% of GDP by 2026
India's cost per gigabyte of data consumed is the lowest globally at an average of Rs 13.32 ($0.16) per GB with one of the highest mobile data consumption in the world, averaging a per-user per-month consumption of 24.1 GB in 2023.
Duty cut boosts gold jewelers’ sales by 35-40 per cent
Over the past three years, gold prices have surged by over 40 per cent, with a 20 per cent increase since April 2024 alone. Despite this, India remains the world's second-largest consumer of gold, with 562.3 tonnes consumed in 2023, just…
G20 nations agree to work together towards taxing super rich
Rio de Janeiro: G20 nations have agreed to work together to make the super-rich pay their taxes, but stopped short of a more substantial deal, according to a declaration adopted Friday after a meeting of finance ministers in Rio de Janeiro,…
Sebi bans Vijay Mallya from market for 3 years for rigging
MUMBAI: The markets regulator Sebi has barred fugitive businessman and ex-liquor baron Vijay Mallya from the securities markets for three years and also restrained him from associating with any listed firm for a similar period for routing…
India marks 1.4 lakh registered startups
NEW DELHI: The number of startups in India has increased to more than 1.4 lakh, highlighted Union Minister of State for Commerce and Industry, Jitin Prasada, in Rajya Sabha.
According to a written response by the minister in the house on…
REC declares Highest Ever QR1 Profits at Rs. 3442 Cr and offers Interim Div Rs. 3.50 per share
Aided by growth in profits, the company's Net Worth has grown to ₹ 72,351 crores as on 30th June 2024, registering an increase of 19% YoY.
Sensex, Nifty rally up to 1.7% led by IT and metal shares
NEW DELHI: Led by IT and metal stocks, bulls made a roaring comeback on Friday after trailing behind for 5 consecutive sessions. Benchmark indices - Sensex and Nifty- advanced 1.6-1.7% each. The 30-stock pack Sensex rose 1293 pts to close…
US economy posts 2.8 percent growth in April-June quarter
Washington: The US economy, despite high interest rates, grew at 2.8 percent in the second quarter -- double the rate of 1.4 percent that it saw in the January-March period. The significant growth is mainly attributed to increased consumer…
Early Axis Bank losses pull Sensex, Nifty.
MUMBAI: Equity market benchmark indices Sensex and Nifty tumbled in early trade on Thursday, continuing to decline for the fifth day running, dragged by Axis Bank and overall bearish global market trends.
The announcement of a hike in…
Over 70% intraday retail traders in cash segment lose money: Sebi
MUMBAI: A study carried out by the market watchdog Sebi has found that more than seven out of ten (71 percent to be precise) retail traders who engaged in intraday trading in the cash segment lost money in FY23.
The study also noted that…
Capital gains tax shocker for real estate
NEW DELHI: The real estate sector was in for a shock as the government on Tuesday removed the indexation benefit on long term capital gains on unlisted assets including real estate. Though the government has reduced the long term capital…
Market likely to remain volatile on Budget Day
Mumbai: India’s equity market is expected to witness increased volatility on Budget Day (July 23) even as the central government is likely to keep its focus on fiscal prudence and capital expenditure-led growth. India’s equity market…
Infrastructure projects face land acquisition hurdles
NEW DELHI: Despite the large build-up of connectivity infrastructure and energy-related assets, both sectors reported the need for corrections in the delay in land acquisition, and land-related clearances, said the Economic Survey of 2024…
India’s energy demand to grow 2.5 times by 2047
NEW DELHI: India’s energy needs are expected to grow by 2 to 2.5 times by 2047 to meet the developmental priorities and aspirations of a growing economy, according to the Economic Survey tabled in Parliament on Monday.
As per the survey,…
Land deals fell in Q2 due to rising prices.
NEW DELHI: Land acquisition by developers and other entities plunged in the second quarter of this year (April-June) as the 2024 general elections and skyrocketing land prices dampened sentiments. The number of land deals closed in Q2 2024…
Indeed reports more manufacturing jobs in India.
New Delhi: Indian manufacturing appears to be growing, creating more jobs. Indeed, the largest global hiring and matching platform, reports increased job openings in the sector and a need for new talents.
The Indian industrial industry…
Chemical industry needs government intervention to grow: J P Nadda
New Delhi: Union Chemicals and Fertilizers Minister Jagat Prakash Nadda said Saturday that the government will adjust its policies and programs to help the chemicals and petrochemicals industry grow.
The minister spoke after starting the…
Forex kitty up by $10 billion to $667 billion
MUMBAI: The country’s forex reserves, a key monetary defence against external risks, have rallied by a whopping $10 billion to touch an all-time high of $666.85 billion as of the week ending July 12, boosted by the heavy inflow into…
On Day 1, Sanstar’s Rs 510 crore public offering sold 4.16 times.
NEW DELHI: The initial public offering of Sanstar Ltd was fully subscribed on the first day of subscription on Friday.
The plant-based speciality products company’s Rs 510-crore initial share-sale received bids for 15,62,64,000 shares…
Portal for non-tariff barriers in 2-3 months
NEW DELHI: An online platform designed for the registration and resolution of non-tariff barriers (NTBs) affecting exporters is anticipated to launch within the next two-three months, said Rajesh Agarwal, additional secretary with Commerce…
