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Fall in Foreign Direct Investment Is a Major Concern for the Government
The government is very concerned about the recent drop in FDI inflows. Other economic indices, such as inflation, fiscal deficit, and current account deficit, are reportedly doing admirably in comparison to those of other countries, as…
IIT Madras’s VR advancement centre proposes a national VR corridor.
The virtual reality advancement centre at IIT Madras is proposing the establishment of an extended reality corridor in the country. The institute intends to build sophisticated training centres that are based on virtual reality and…
PFC spreads its wings into Clean Energy space with MoUs worth ₹ 2.37 Lac Crores
New Delhi: With a view to position itself as the focal funding agency for energy transition into Cleaner Power, the Power Finance Corporation Ltd (PFC), executed various Memoranda of Understanding (MoU) worth more than ₹ 2.37 lac crores…
India-Japan semiconductor manufacturing ecosystem agreement
India and Japan have signed a memorandum of understanding to collaborate on the chip manufacturing environment. The announcement of the cooperation follows the major US-based semiconductor company Micron Technology's announcement that it…
Logistics, railway, and space have great possibilities for IIFCL.
IIFCL managing director P R Jaishankar told this newspaper that airports are gaining popularity along with roads and energy.
Rich-poor division might exacerbate developing world poverty: World Bank chief
Ajay Banga, World Bank president, said developing nations had the biggest ratio of young people, but that was only an opportunity if they could access education and work.
“Not delayed funding, it’s a regular course of funding”: Aman Gupta
Aman Gupta, boAt co-founder, responded to accusations of delayed investments and not meeting show obligations.
Smt. Parminder Chopra of PFC bestowed with ‘Icon of the Year’ Award
ICAI's prestigious honour was awarded by Union Minister of Law & Justice AR Meghwal to Ms Chopra officiating CMD of premier power sector PSU
NITI Aayog’s Export Preparedness Index 2022 ranks Tamil Nadu first, Gujarat fourth.
NITI Aayog's Export Preparedness, Policy, business ecosystem, export ecosystem, and export performance determine the ranking.
India-US WTO trade disputes resolved: Official
In 2019, India increased customs duties on 28 US products, including chickpeas, lentils, and apples, in response to US steel and aluminium tariffs.
In 5 years, there will be 10 times as many new businesses: Rajeev Chandrasekhar
Rajeev Chandrasekhar says that the number of new businesses will rise tenfold in the next five years. He also talked about how the country has made progress in building unicorns and start-ups and how they have done well in new technology…
India remains regional chipmaking hub after Foxconn loss.
India still dominates regional chipmaking after Foxconn loss. The fuss was pointless. Foxconn terminated the partnership. The project was delayed, but the breakup was unexpected.
Haworth to open Chennai plant.
Haworth to open Chennai factory. Figge told this publication that the new facility will be operating in three years, subject regulatory permits.
China’s Q2 growth is “artificially high”: Survey
Survey predicts "artificially high" Q2 growth for China. The administration targets 5.0 percent growth through 2023.
Russia’s oil exports reached their lowest level since March 2021
Profit falls to $1.5 billion as Russia's oil exports decline to their lowest level since March 2021, according to the monthly oil report of the International Energy Agency (IEA).
The stock market rises sharply, led by heavy purchasing of IT shares.
The equity market enjoys a strong rally, propelled by heavy purchasing of IT stocks. The 30share index reached a new peak of 66,160 on Friday and gained 502 points to close at 66,061
In IT enterprises, hiring will remain subdued; the emphasis will be on upskilling talent.
Focus on upskilling talents rather than hiring in IT companies. According to analysts, this suggests that IT companies confront a challenging demand environment.
India and UK negotiating IPRs, rules of origin under proposed FTA.
India and UK negotiating FTA IPR and rules of origin problems. UK agreement discussions are in their 11th round. Trade negotiations began in January 2021.
Retail investors show a lot of interest in the Utkarsh IPO.
The quota allotted for non-institutional investors (NIIs) was filled 27.72 times. 8.48% of the portion for employees was subscribed, while 3.88 times as many qualified institutional buyers were subscribed.
Market reaches 66K, giving up early gains as it does so.
Nifty reached an all-time peak of 19,567 in the first half but closed merely 30 points higher at 19,413.