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Top Losers: Adani Enterprises, ACC, and Ambuja Cements Lead Declines.  

Economy News

Steel and Non-Ferrous Sector Outlook for Q3 FY25: Positive Demand and Better Margins Expected

Steel and Non-Ferrous Sector Outlook for Q3 FY25: Positive Demand and Improved MarginsAccording to a report by Centrum, steel companies are expected t...

Team Finance Saathi      20/Nov/2024

Economy News

India and Italy Launch 5-Year Strategic Plan for Economic, Energy, Defence, and Tech Cooperation

India and Italy have launched an ambitious five-year strategic action plan aimed at bolstering their bilateral relationship and fostering collaboratio...

Team Finance Saathi      20/Nov/2024

Economy News

PM Modi Highlights India’s Maritime Vision at Sagarmanthan Dialogue

Prime Minister Narendra Modi, speaking from his Camp Office in Nigeria, reiterated India’s commitment to strengthening maritime capabilities at the ...

Team Finance Saathi      20/Nov/2024

Economy News

India Advocates Fair Trade and Workforce Skill Development for Growth by 2047

Union Minister of Commerce and Industry, Mr. Piyush Goyal, reaffirmed India’s dedication to equity, fairness, and transparent economic partnerships ...

Team Finance Saathi      20/Nov/2024

Economy News

India to Achieve 250 GW Renewable Energy Capacity by March 2026 Amid Challenges

India is on a steady path to transforming its energy landscape, with projections indicating that the country's renewable energy capacity will reach 25...

Team Finance Saathi      20/Nov/2024

Economy News

Indian Credit Card Users Drive Festive Shopping Surge on E-Commerce Platforms

In 2023, the festive season saw a significant shift in shopping habits, with a notable 85% of credit card users in India turning to online platforms t...

Team Finance Saathi      20/Nov/2024

Economy News

India's Smartphone PLI Scheme Yields 19x Revenue Boost, Powers Jobs and Exports

The Smartphone Production-Linked Incentive (PLI) scheme, launched to transform India into a global manufacturing hub, has achieved remarkable success,...

Team Finance Saathi      19/Nov/2024

Economy News

RBI to Launch Affordable Cloud Storage for Financial Institutions by 2025

The Reserve Bank of India (RBI) is taking a bold step to strengthen India’s financial infrastructure with its 2025 pilot programme to provide afford...

Team Finance Saathi      19/Nov/2024

Economy News

India-Brazil Trade Crosses US$ 15 Billion, Poised for Further Growth

The India-Brazil Chamber of Commerce has highlighted a landmark achievement as the bilateral trade between the two nations has now exceeded US$ 15 bil...

Team Finance Saathi      19/Nov/2024

Economy News

India's Direct Tax Collection Exceeds Expectations with 15.41% Growth in FY25

India’s direct tax collection for FY25 is set to surpass the government’s ambitious target of US$ 261.52 billion (~Rs. 22,07,000 crore), according...

Team Finance Saathi      19/Nov/2024

Economy News

Indian Aviation Records 500,000 Domestic Passengers in a Day, Highlighting Growth Potential

India’s aviation sector achieved a remarkable milestone on Sunday, setting a record of 505,412 domestic passengers on 3,173 flights, marking the fir...

Team Finance Saathi      19/Nov/2024

Economy News

India's GCC Sector Poised to Hit $100 Billion by 2030 with Transformational Growth

India’s Global Capability Centres (GCCs) have become a cornerstone of the country's economic expansion, and they are on track to reach an astonishin...

Team Finance Saathi      19/Nov/2024

Economy News

India Exports Grow 19% in October 2024, Trade Deficit Narrows to US$ 10.12 Billion

India’s total exports in October 2024 were estimated at US$ 73.21 billion, marking a 19.08% year-on-year (YoY) growth compared to October 2023. This...

Team FS      18/Nov/2024

Economy News

India E-Commerce Sees 12% YoY Growth in 2024 Festive Season, Reaches US$ 14 Billion GMV

India’s e-commerce sector saw a 12% year-on-year (YoY) growth during the 2024 festive season, which spanned from September 15 to October 31, reachin...

Team FS      18/Nov/2024

Economy News

Indian Mutual Fund Industry Sees Record Inflows Amid Market Volatility in October 2024

The Indian mutual fund industry displayed remarkable resilience in October 2024, even amidst ongoing market volatility. Although domestic equity funds...

Team FS      18/Nov/2024

Economy News

India's Smartphone Exports Reach Historic Milestone of US$ 2 Billion in October 2024

India's smartphone exports have reached a historic milestone, surpassing US$ 2 billion in October 2024, marking the highest monthly total ever recorde...

Team FS      18/Nov/2024

Economy News

Tamil Nadu Becomes a Global Footwear Manufacturing Hub with US$ 477.90 Million Investment

Tamil Nadu is quickly becoming a key manufacturing hub for several major global non-leather footwear brands, including Nike, Adidas, Puma, New Balance...

Team FS      18/Nov/2024

Economy News

Hindustan Zinc Secures Gold Block in Rajasthan to Expand Precious Metals Portfolio

Hindustan Zinc Limited (HZL), a key player in the mining sector and a subsidiary of the Vedanta Group, has emerged as the preferred bidder for the Dug...

Team Finance Saathi      16/Nov/2024

Economy News

Kumar Mangalam Birla Highlights Scale and Longevity in Business Success

Kumar Mangalam Birla, the chairperson of the Aditya Birla Group, shared valuable insights at the Hindustan Times Leadership Summit 2024 on the role of...

Team Finance Saathi      16/Nov/2024

Economy News

India’s Economy Set for Strong Growth Despite Inflation Surge, Moody’s Says

India’s economy has shown remarkable resilience and is projected to grow at 7.2% in 2024, according to Moody's Investors Service. This growth foreca...

Team Finance Saathi      16/Nov/2024

Economy News

Onion Prices Surge 52% YoY, Contributing to India's Food Inflation in November

Onion prices in India have surged 52% year-on-year (YoY), keeping the country’s food inflation high in November 2024. While some relief has been obs...

Team Finance Saathi      16/Nov/2024

Economy News

India’s Trade Deficit with China Worsens by 13% in 2024 Despite Efforts to Cut Reliance

India’s merchandise trade deficit with China has widened by 13% during the first seven months of the 2024 fiscal year, despite efforts by the govern...

Team Finance Saathi      16/Nov/2024

Economy News

India's Forex Reserves Drop for Sixth Consecutive Week, Hit Near 3-Month Low

India's foreign exchange (forex) reserves have witnessed a significant drop for the sixth consecutive week, reaching a near three-month low of $675.65...

Team Finance Saathi      16/Nov/2024

Economy News

India Urges Developed Nations to Mobilize $1.3 Trillion Annual Climate Finance by 2030

At the 29th Conference of the Parties (CoP29) held in Baku, Azerbaijan, India strongly advocated for a substantial increase in climate finance for dev...

Team Finance Saathi      16/Nov/2024

Economy News

NDP Proposes GST Removal on Essentials like Diapers, Home Heating, and Mobile Bills

In a bold move ahead of the upcoming federal elections, NDP Leader Jagmeet Singh unveiled a significant policy proposal designed to alleviate financia...

Team Finance Saathi      15/Nov/2024

Economy News

Pamban Bridge High-Speed Trial Successfully Completed, Enhancing Rail Connectivity

The Pamban Bridge, located in the southern part of India, has successfully completed its high-speed trial run between Pamban and Mandapam stations. Th...

Team Finance Saathi      15/Nov/2024

Economy News

Chhattisgarh Launches Industrial Policy 2024 for Inclusive and Green Economic Development

Chhattisgarh’s Industrial Policy 2024, introduced by Chief Minister Vishnu Deo Sai, is a bold initiative aimed at transforming the state's economy t...

Team Finance Saathi      15/Nov/2024

Economy News

DRDO Completes Successful Flight Tests of Guided Pinaka System for Indian Armed Forces

The Defence Research and Development Organisation (DRDO) of India has successfully completed the validation trials for its Guided Pinaka Weapon System...

Team Finance Saathi      15/Nov/2024

Economy News

ChatGPT for macOS Integrates with Desktop Apps to Boost Productivity

The introduction of ChatGPT for macOS represents a significant step in the evolution of AI-assisted productivity, especially for developers. With this...

Team Finance Saathi      15/Nov/2024

Economy News

China’s Economic Balancing Act: Retail Rises, Real Estate Struggles

China's economy in October 2024 reveals a blend of promising growth and lingering challenges. Retail sales have risen by 4.8% year-over-year, a result...

Team Finance Saathi      15/Nov/2024

Economy News

Narayana Murthy’s Call for Six-Day Workweek Sparks Debate on India's Work Culture

Narayana Murthy, the co-founder of Infosys, has stirred up a major debate with his comments about India's work culture. He expressed disappointment wi...

Team Finance Saathi      15/Nov/2024

Economy News

SpaceX Launches 20 Starlink Satellites with Direct-to-Cell Technology

In a major advancement for satellite-based communication, SpaceX has successfully launched a Falcon 9 rocket from Vandenberg Space Force Base, deployi...

Team Finance Saathi      14/Nov/2024

Economy News

OpenAI to Launch 'Operator' AI Agent in January 2025

In a game-changing move for the field of artificial intelligence, OpenAI is preparing to launch its 'Operator' AI agent in January 2025. The AI agent ...

Team Finance Saathi      14/Nov/2024

Economy News

PM-JANMAN Initiative Boosts Tribal Communities' Socio-Economic Growth

The PM-JANMAN initiative, launched by the Indian government, is a transformative step towards improving the socio-economic conditions of the Particula...

Team Finance Saathi      14/Nov/2024

Economy News

Apple Unveils Final Cut Pro 11 with AI Features and Enhanced Performance

Apple has once again raised the bar in video editing software with the launch of Final Cut Pro 11, a significant update that introduces a suite of AI-...

Team Finance Saathi      14/Nov/2024

Economy News

PEPE Surpasses 10B Market Cap, Overtakes SUI in Crypto Rankings

In the world of cryptocurrencies, memecoins have become a phenomenon, capturing the attention of both seasoned investors and new enthusiasts. Among th...

Team Finance Saathi      14/Nov/2024

Economy News

Middle Class Benefits as Modi's Tax Reforms Shift Burden to High Earners

In the past decade, India’s tax landscape has undergone a significant transformation under the leadership of Prime Minister Narendra Modi. One of th...

Team Finance Saathi      14/Nov/2024

Economy News

India Surges in Global IP Rankings with Record Growth in Patents, Trademarks, and Designs

India has seen a remarkable leap in the global intellectual property (IP) rankings, securing a top-10 position in 2024, as per the latest World Intell...

Team Finance Saathi      14/Nov/2024

Economy News

Index Funds Popularity Among Gen Z and Millennials: Growth in Passive Investment Funds

Index funds have become a popular investment choice among younger generations, especially Gen Z and Millennials, according to a recent survey conducte...

Team Finance Saathi      14/Nov/2024

Economy News

India Leads Digital Revolution, Transforming Finance and Economy, Says RBI Deputy Governor

In a recent statement, Deputy Governor of the Reserve Bank of India (RBI), Mr. Michael Debabrata Patra, emphasized India's pivotal role in the ongoing...

Team Finance Saathi      14/Nov/2024

Economy News

Emerging Tech to Create 2.7 Million New AI Jobs in India, Retail to Lead Growth

According to research by ServiceNow, a leader in AI platforms for business transformation, India's workforce is set to experience significant growth i...

Team Finance Saathi      14/Nov/2024

Economy News

PM Modi Inaugurates AIIMS in Darbhanga and Other Key Projects in Bihar

In a significant move aimed at accelerating development in Bihar, Prime Minister Narendra Modi recently inaugurated and laid the foundation for projec...

Team Finance Saathi      14/Nov/2024

Economy News

India's Workforce to Grow by 33.89 Million by 2028, with Significant Job Creation in Tech and Retail

India’s workforce is set to experience significant growth over the next few years, with projections showing an increase from 423.73 million in 2023 ...

Team Finance Saathi      14/Nov/2024

Economy News

Automobile Sales Surge in October 2024 Driven by Festive Demand, PVs and 2Ws Show Significant Growth

The Indian automobile industry experienced a surge in sales during October 2024, bolstered by the festive season, including festivals like Dussehra an...

Team Finance Saathi      14/Nov/2024

Economy News

India Tops Global IPO Market with 36% Share in Q3 2024, Surpassing the US

India has emerged as the global leader in the initial public offering (IPO) market, with the country commanding a 36% share of total IPO listings glob...

Team FS      13/Nov/2024

Economy News

India's Infrastructure Growth to Lead Major Economies, KPMG Report Highlights CEO Outlook for 2024

India is positioning itself to implement one of the largest infrastructure programs of the 21st century, making it a key player in the global infrastr...

Team FS      13/Nov/2024

Economy News

Rajnath Singh Highlights India’s Ambition to Lead in Drone Technology at Delhi Defence Dialogue

India is accelerating its ambitions to become a global hub for drone technology, with the aim of boosting both its defence sector and the broader econ...

Team FS      13/Nov/2024

Economy News

India Ranks Among Top 10 Global IP Leaders with Record Growth in Patent Filings

India has firmly established itself as a global leader in intellectual property (IP) filings, as revealed by the World Intellectual Property Organizat...

Team FS      13/Nov/2024

Economy News

India Achieves 203.18 GW Renewable Energy Capacity in October 2024 with Solar Leading Growth

India has made remarkable strides in expanding its renewable energy capacity, reaching a total of 203.18 GW by October 2024, which marks a 13.5% incre...

Team FS      13/Nov/2024

Economy News

IDFC First Bank Introduces Upfront Joining Fee for Mayura and Ashva Credit Cards

In a bid to discourage non-serious applicants, IDFC First Bank has introduced a new approach to its credit card issuance process. The bank now require...

Team Finance Saathi      12/Nov/2024

Economy News

RIL Announces Rs 65,000 Crore Investment for Biogas Plants in Andhra Pradesh

Reliance Industries Limited (RIL) has made a significant announcement with a Rs 65,000 crore investment in the state of Andhra Pradesh to establish 50...

Team Finance Saathi      12/Nov/2024

Economy News

ED Raids in Jharkhand and West Bengal Target Bangladeshi Infiltration, Money Laundering

In a major operation on Tuesday, the Enforcement Directorate (ED) conducted raids across multiple locations in Jharkhand and West Bengal as part of a ...

Team Finance Saathi      12/Nov/2024

Economy News

Vistara Bids Farewell with Final Flight as it Merges with Air India

Vistara Airlines, a well-regarded joint venture between Tata Sons and Singapore Airlines, officially ended its operations on November 12, 2024, with i...

Team Finance Saathi      12/Nov/2024

Economy News

Apple Targets 32% Global iPhone Production in India by FY27 Under PLI Scheme

Apple Inc., in collaboration with its key suppliers, is ambitiously working towards assembling 32% of global iPhone production volume in India by the ...

Team Finance Saathi      12/Nov/2024

Economy News

India’s Gaming Market Reaches $3.8 Billion in FY24, Poised to Double by FY29

India's gaming market has demonstrated remarkable growth, recording US$ 3.8 billion in revenue for FY24, marking a 23% year-over-year increase despite...

Team Finance Saathi      12/Nov/2024

Economy News

IIT Madras and ISRO Launch Centre of Excellence for Thermal Sciences Research

The Indian Institute of Technology Madras (IIT Madras) and the Indian Space Research Organisation (ISRO) have come together to establish a Centre of E...

Team Finance Saathi      12/Nov/2024

Economy News

Indian Retail Investors Drive Equity Market Growth, Morgan Stanley Reports

In a recent report, Morgan Stanley highlights the growing influence of retail investors in India’s equity market. Over the last decade, retail inves...

Team Finance Saathi      12/Nov/2024

Economy News

India Aims for $2 Trillion in Exports by 2030 with Collective Effort, Says Piyush Goyal

India’s ambitious goal of reaching a US$ 2 trillion export target by 2030 is the focal point of a recent address by Union Minister of Commerce and I...

Team Finance Saathi      12/Nov/2024

Economy News

India's Aviation Sector Set for Massive Growth with 3,800 New Aircraft by 2043

India is on the verge of a monumental transformation in its aviation sector. According to the 2024 Cirium Fleet Forecast, the country is set to experi...

Team Finance Saathi      12/Nov/2024

Economy News

Delhi-Meerut RRTS to Begin Operations from Delhi by January 2025, NCRTC Confirms

The long-awaited Regional Rapid Transit System (RRTS) connecting Delhi and Meerut is poised to begin its operations from January 2025, offering commut...

Team Finance Saathi      11/Nov/2024

Economy News

Dangerous Google Search Trend Exposes Users to Personal Data Theft: Experts Warn

Cybersecurity threats are becoming increasingly sophisticated, and Google search, one of the most commonly used tools for finding information, has bec...

Team Finance Saathi      11/Nov/2024

Economy News

LG Unveils Stretchable Display Prototype, Redefining Flexible Display Technology

LG has taken a significant step forward in flexible display technology with the unveiling of what is claimed to be the world’s first stretchable dis...

Team Finance Saathi      11/Nov/2024

Economy News

Andhra Pradesh's Rs 2.94 Lakh Crore Budget 2024-25 Focuses on Welfare & Development

Andhra Pradesh's Finance Minister Payyavula Keshav unveiled a transformative budget of Rs 2,94,427.25 crore for the fiscal year 2024-25. This budget, ...

Team Finance Saathi      11/Nov/2024

Economy News

India to Build Solar Equipment Manufacturing Ecosystem in 4-5 Years, Says Avaada Group Chairman

India is set to revolutionize its solar energy sector with plans to develop a complete solar equipment manufacturing ecosystem within the next four to...

Team Finance Saathi      11/Nov/2024

Economy News

Indian Banks Reduce ATM Network Amid Digital Payment Growth, UPI Adoption

Indian banks are significantly reducing their Automated Teller Machines (ATMs) and cash recyclers as part of a broader shift towards digital banking a...

Team Finance Saathi      11/Nov/2024

Economy News

India Leads Asia-Pacific Office Markets, Dominating 70% of Demand in Q3 2024

India continues to be a dominant force in the Asia Pacific office markets, accounting for over 70% of the total office demand in Q3 2024. This growth ...

Team Finance Saathi      11/Nov/2024

Economy News

Putin Praises India’s Superpower Potential, Highlights Growing India-Russia Ties

In a significant statement at the Valdai Discussion Club in Sochi, Russian President Mr. Vladimir Putin affirmed that India deserves to be recognized ...

Team Finance Saathi      11/Nov/2024

Economy News

India's Economy Set to Reach US$ 35 Trillion in 25 Years, Says Piyush Goyal at Goa Summit

On Friday, at the Amazing Goa Global Business Summit 2024, Union Minister of Commerce and Industry, Mr. Piyush Goyal, laid out a bold vision for India...

Team Finance Saathi      11/Nov/2024

Economy News

CHEMEXCIL Sets Ambitious US$31 Billion Export Target for 2024-25

The Basic Chemicals, Cosmetics, and Dyes Export Promotion Council (CHEMEXCIL), an initiative of the Ministry of Commerce, is setting its sights on ach...

Team Finance Saathi      11/Nov/2024

Economy News

Zomato’s Food Rescue: Genuine Waste Reduction or Profit Strategy?

Zomato, one of India's largest food delivery platforms, has launched an initiative called ‘Food Rescue’ to tackle food wastage from canceled order...

Team Finance Saathi      11/Nov/2024

Economy News

Indian Tea: Exploring the World of Premium Black, Green & Specialty Teas

India's tea industry is a legacy deeply woven into the fabric of its culture, history, and economy. As the world's largest producer and consumer of bl...

Team FS      09/Nov/2024

Economy News

India’s Fruit Production: A Global Leader with Diverse Fruits for Export

India's diverse landscapes—from the Himalayan foothills to the tropical coasts—are home to a vast array of fruits. The country is not only blessed...

Team FS      09/Nov/2024

Economy News

India’s Organic Exports: Leading the Global Market with High-Quality Products

India's organic farming sector is growing at an unprecedented rate, solidifying its position as a global leader in organic food production and exports...

Team FS      09/Nov/2024

Economy News

India's Millets: Nutrient-Rich, Sustainable, and Globally Popular Grains

India is not only a leader in producing some of the most nutrient-dense crops in the world but also the largest producer of millets. These tiny grains...

Team FS      09/Nov/2024

Economy News

India's Basmati Rice: Export, Varieties, and Global Popularity

Basmati rice, known for its exquisite taste, enticing aroma, and superior quality, is one of India’s most celebrated agricultural exports. Grown in ...

Team FS      09/Nov/2024

Economy News

Domestic Mutual Funds and Institutional Investors Boost Stake in Indian Equity Market

The Indian stock market witnessed significant shifts in ownership during the July-September quarter of 2024, marked by strong participation from domes...

Team FS      08/Nov/2024

Economy News

High Street Leasing Dominates Retail Market in Q3 2024, Driving Rent Growth in India

The Indian retail leasing market saw a dominant performance from high street retail during the July-September quarter of 2024, with 68% of the total 1...

Team FS      08/Nov/2024

Economy News

India's Nutraceutical Market Growth: Government Initiatives and Global Leadership Potential

The global nutraceutical market is valued at approximately US$ 400 billion, blending the fields of food, pharmaceuticals, and biotechnology. This rapi...

Team FS      08/Nov/2024

Economy News

India's Smartphone Market Ranks Second Globally by Volume in Q3 2024, Driven by Premiumization

India’s smartphone market has witnessed remarkable growth in recent years, and Q3 2024 has seen the country cement its position as the second-larges...

Team FS      08/Nov/2024

Economy News

India's FMCG Sector Sees 5.7% Growth in Q3 2024 with Rural Markets Driving Volume Growth

India's fast-moving consumer goods (FMCG) sector demonstrated robust performance in the July-September quarter of 2024, with a 5.7% growth by value an...

Team FS      08/Nov/2024

Economy News

SAP Boosts Investment and Hiring in India, Recognising It as a Key Growth Market

SAP, the German software leader, is set to make significant investments and increase hiring in India, according to CEO Mr. Christian Klein. During a r...

Team FS      07/Nov/2024

Economy News

South Africa Launches Trusted Tour Operator Scheme to Boost Indian and Chinese Tourism

In a significant step to boost tourism, South Africa’s Department of Home Affairs has launched the Trusted Tour Operator Scheme (TTOS), specifically...

Team FS      07/Nov/2024

Economy News

India's C-DOT and IIT Roorkee Collaborate on Millimetre Wave Transceiver for 5G Rural Connectivity

In a significant step towards expanding 5G connectivity in rural India, the Centre for Development of Telematics (C-DOT) has joined forces with the In...

Team FS      07/Nov/2024

Economy News

India's Services Sector Grows in October; PMI Hits 58.5 with Strong Demand and Job Growth

India’s services sector experienced significant growth in October 2024, as reflected by the Purchasing Managers’ Index (PMI), which rose from 57.7...

Team FS      07/Nov/2024

Economy News

October Festive Sales Drive 32% Surge in Vehicle Registrations Across India

October 2024 proved to be a landmark month for India’s automotive retail sector, as vehicle registrations soared by 32% year-over-year (YoY), accord...

Team FS      07/Nov/2024

Economy News

JNPA Sees 11.86% YoY Increase in Container Traffic, Handling 614,651 TEUs in October

The Jawaharlal Nehru Port Authority (JNPA), India’s largest container port, reported impressive growth in its October 2024 container traffic, with a...

Team Finance Saathi      06/Nov/2024

Economy News

India's Rice Production to Reach Record 119.93 Million Tonnes in 2024-25 Kharif Season

India is set to achieve a record-breaking rice production of 119.93 million tonnes (MT) in the 2024-25 Kharif season, according to the first advance e...

Team Finance Saathi      06/Nov/2024

Economy News

GCCs Boost Campus Hiring for Class of 2025, Targeting AI and Data Science Talent

In response to the growing demand for skilled talent in areas such as data science, artificial intelligence, and machine learning, Global Capability C...

Team Finance Saathi      06/Nov/2024

Economy News

India's Wedding Season Set to Generate Rs. 6 Trillion in Business, Surpassing 4.8 Million Weddings

India's wedding season is set for an unprecedented boom, with an estimated 4.8 million weddings taking place between November 12 and December 16, 2024...

Team Finance Saathi      06/Nov/2024

Economy News

India to Launch EU’s Proba-3 Satellite in December, Strengthening Space Ties with Europe

India is set to launch the European Union’s Proba-3 satellite in early December 2024, marking a significant step in the strengthening of Indo-EU spa...

Team Finance Saathi      06/Nov/2024

Economy News

India’s Two-Wheeler Manufacturers Report Significant October Sales Surge Amid Festive Season

In October 2024, major two-wheeler manufacturers in India experienced a substantial boost in domestic sales, largely driven by the festive season. Com...

Team Finance Saathi      06/Nov/2024

Economy News

Raisina Down Under 2024: Strengthening India-Australia Ties

The Raisina Down Under 2024 event held in Canberra focused on the strengthening of the strategic partnership between India and Australia. This confere...

Team Finance Saathi      05/Nov/2024

Economy News

E-Commerce Platforms in India Generate Rs. 1 Trillion in Sales This Festive Season

During the recent festive season, e-commerce platforms in India achieved remarkable success, generating approximately Rs. 1 trillion (US$ 11.9 billion...

Team Finance Saathi      05/Nov/2024

Economy News

BFSI Sector in India Set to Surpass Record Office Leasing of 11 Million Square Feet

The banking, financial services, and insurance (BFSI) sector in India is projected to exceed last year's record of approximately 11 million square fee...

Team Finance Saathi      05/Nov/2024

Economy News

White-Collar Hiring in India Grows 10% YoY in October, Driven by Key Sectors

In October, white-collar hiring activity in India experienced a remarkable 10% year-on-year growth, as reported by the Naukri JobSpeak Index. The inde...

Team Finance Saathi      05/Nov/2024

Economy News

Government e-Marketplace Introduces 170 New Seed Categories for Agriculture

The Government e-Marketplace (GeM) has recently launched 170 new seed categories on its portal, significantly simplifying access to quality agricultur...

Team Finance Saathi      05/Nov/2024

Economy News

Jagdeep Dhankhar Urges Shift from Colonial Practices in Public Administration

During the 70th Annual Meeting of the Indian Institute of Public Administration (IIPA) in New Delhi, Vice-President Mr. Jagdeep Dhankhar made a compel...

Team Finance Saathi      05/Nov/2024

Economy News

India's Manufacturing Sector Sees Growth Revival in October PMI

In a positive turn for the Indian economy, India's manufacturing sector demonstrated a notable revival in growth at the beginning of the third quarter...

Team Finance Saathi      05/Nov/2024

Economy News

Tech Giants and E-Commerce Firms See Surge in Advertising Revenues

In a notable development for the digital advertising landscape in India, major tech and e-commerce companies, including Google, Meta, Amazon, and Flip...

Team FS      04/Nov/2024

Economy News

India’s Digital Payments Reach New Heights: UPI Transactions Hit Record High

In October 2024, India’s Unified Payments Interface (UPI) achieved a remarkable milestone, recording 16.58 billion transactions valued at approximat...

Team FS      04/Nov/2024

Economy News

India's Export Competitiveness Surges Across Key Sectors

India has made remarkable advancements in its export competitiveness over the past five years, showcasing significant growth across several key sector...

Team FS      04/Nov/2024

Economy News

India’s GST Collections Surge to Six-Month High in October 2024

India’s GST Collections Surge to Six-Month High in October 2024In October 2024, India’s Goods and Services Tax (GST) collections reached a signifi...

Team FS      04/Nov/2024

Economy News

HSBC India Manufacturing PMI Surges to 57.5 in October, Reflects Strong Market Momentum

The HSBC India Manufacturing PMI climbed to 57.5 in October 2024, slightly higher than the flash estimate of 57.4 and marking a substantial rise from ...

Team FS      04/Nov/2024

Economy News

Visa and Coinbase Partner for Instant Cryptocurrency Transactions via Visa Cards

In a groundbreaking move for the cryptocurrency industry, Visa and Coinbase have announced a partnership aimed at revolutionizing the way users transa...

Team Finance Saathi      30/Oct/2024

Economy News

RBI Repatriates 102 Tonnes of Gold from Bank of England, Boosting India's Reserves

The Reserve Bank of India (RBI) has taken a significant step toward economic sovereignty and national security by repatriating 102 tonnes of gold from...

Team Finance Saathi      30/Oct/2024

Economy News

Broadband Expansion Drives Job Growth in India’s Telecom Sector: TeamLease Report

India’s broadband market is witnessing a major expansion, driven by telecom companies shifting focus from traditional mobility products to broadband...

Team Finance Saathi      30/Oct/2024

Economy News

India’s Real Estate Sector Sees Record-Breaking IPO Surge in 2024

In a remarkable turn of events, India's real estate sector has experienced a significant surge in initial public offerings (IPOs) in 2024, with a tota...

Team Finance Saathi      30/Oct/2024

Economy News

Diwali 2024 Expected to See Strong Demand for Gems and Jewellery in India

The gems and jewellery industry in India is gearing up for robust sales during the Diwali season of 2024, with domestic sales projections surpassing U...

Team Finance Saathi      30/Oct/2024

Economy News

Tata Aircraft Complex Inauguration Marks Major Step in India's Defence Self-Reliance

On October 28, 2024, the inauguration of the TATA Aircraft Complex at Tata Advanced Systems Limited (TASL) Campus in Vadodara, Gujarat, marked a histo...

Team Finance Saathi      30/Oct/2024

Economy News

PM Modi Inaugurates Healthcare Projects Worth $1.53 Billion on Ayurveda Day

Prime Minister Narendra Modi inaugurated a series of transformative healthcare projects worth US$ 1.53 billion (Rs. 12,850 crore) on Tuesday, October ...

Team Finance Saathi      30/Oct/2024

Economy News

India Poised to Become Third-Largest Economy by 2047, Says President Murmu

In a recent address, President Droupadi Murmu highlighted India’s position as the fastest-growing major economy in the world. Expressing her confide...

Team Finance Saathi      30/Oct/2024

Economy News

PM Modi and Spain's PM Sanchez Inaugurate TATA Aircraft Complex in Gujarat

In a significant development for India's defense manufacturing sector, Prime Minister Narendra Modi, alongside Spanish Prime Minister Pedro Sanchez, i...

Team Finance Saathi      28/Oct/2024

Economy News

India’s Venture Capital Funding Sees 50.4% YoY Growth in 2024

Venture capital (VC) funding in India has witnessed remarkable growth in the first three quarters of 2024, with an increase of 50.4% Year-over-Year (Y...

Team Finance Saathi      28/Oct/2024

Economy News

Government Explores AI Integration for Traffic Management and Road Safety

The Indian government is taking significant steps toward improving road safety and traffic management through the integration of artificial intelligen...

Team Finance Saathi      28/Oct/2024

Economy News

German Vice-Chancellor Calls for Trade Policy Recalibration at Asia Pacific Conference

 During the 18th Asia Pacific Conference of German Business held in New Delhi on Friday, Vice-Chancellor and Federal Minister for Economic Affair...

Team Finance Saathi      28/Oct/2024

Economy News

Piyush Goyal Emphasizes India-Germany Collaboration for Global Advancements

At the inauguration of the 18th Asia Pacific Conference of German Business (APK) in New Delhi, Union Minister of Commerce and Industry, Piyush Goyal, ...

Team Finance Saathi      28/Oct/2024

Economy News

PM Modi Invites German Businesses to Invest in India's Growth

At the 18th Asia-Pacific Conference of German Business 2024, Prime Minister Narendra Modi made a compelling invitation to German businesses to invest ...

Team Finance Saathi      28/Oct/2024

Economy News

Government Raises Loan Ceiling under Pradhan Mantri Mudra Yojana to Stimulate Entrepreneurship

In a significant move to bolster entrepreneurship in India, the Finance Ministry announced an increase in the loan ceiling under the Pradhan Mantri Mu...

Team Finance Saathi      28/Oct/2024

Economy News

Government Proposes New Policy to Regulate OTT Services Amid Complaints

The government has announced a significant move to enhance the regulation of Over-The-Top (OTT) services. Union Minister of State for Information and ...

Team Finance Saathi      26/Oct/2024

Economy News

BSNL Gains Lakhs of New Subscribers as Jio, Airtel, Vi Raise Tariffs by 15%

In July 2023, private telecom giants Jio, Airtel, and Vi implemented a notable 15% hike in their mobile recharge tariffs for both prepaid and postpaid...

Team Finance Saathi      26/Oct/2024

Economy News

BSNL Gains Momentum as Consumers Migrate Amid Rising Telecom Recharge Costs

The recent hike in recharge plans by major private telecom companies has led many consumers to switch to Bharat Sanchar Nigam Limited (BSNL), drawn by...

Team Finance Saathi      26/Oct/2024

Economy News

PMMY Loan Limit Increase: Up to ₹20 Lakh Now Available for Small Businesses

PMMY Loan Limit Raised to Spur Entrepreneurial GrowthIn a significant move to bolster entrepreneurial activity, the Indian government has announced an...

Team Finance Saathi      26/Oct/2024

Economy News

CBDT Extends ITR Filing Deadline to November 15 for Assessment Year 2024-25

In a relief to taxpayers and the professional community, the Central Board of Direct Taxes (CBDT) announced an extension of the Income Tax Return (ITR...

Team Finance Saathi      26/Oct/2024

Economy News

Major ETF Providers Launch Funds Targeting $10 Billion in Indian Bond Inflows

In a notable shift in the investment landscape, major exchange-traded fund (ETF) providers are intensifying their competition for the anticipated bill...

Team Finance Saathi      25/Oct/2024

Economy News

Nvidia's CEO Predicts 20x Computing Growth in India, Emphasizes AI Export Potential

India is poised to make a remarkable leap in its computing capabilities, with projections indicating a 20-fold increase in computing capacities by 202...

Team Finance Saathi      25/Oct/2024

Economy News

Cabinet Approves Major Railway Projects to Boost Connectivity and Employment

The Cabinet Committee on Economic Affairs (CCEA), chaired by Prime Minister Mr. Narendra Modi, has recently approved two significant railway projects ...

Team Finance Saathi      25/Oct/2024

Economy News

Enhancing Road Safety: Nitin Gadkari Highlights Urgent Need for Advanced Technologies

At the 12th edition of the Traffic InfraTech Expo held in New Delhi, Union Minister of Road Transport and Highways, Mr. Nitin Gadkari, addressed a pre...

Team Finance Saathi      25/Oct/2024

Economy News

Union Minister Announces 50 New Airports in India to Enhance Infrastructure and Jobs

On Thursday, the Union Minister for Civil Aviation, Mr. Kinjarapu Rammohan Naidu, made a significant announcement regarding the future of aviation in ...

Team Finance Saathi      25/Oct/2024

Economy News

Property Prices Soar: 57% Increase in Delhi-NCR and Strong Growth Across India

The Indian real estate market is experiencing a significant transformation, with property prices in eight prime residential markets witnessing an impr...

Team Finance Saathi      25/Oct/2024

Economy News

New ₹2,245 Crore Rail Line Approved to Enhance Connectivity in Andhra Pradesh

In a significant move to bolster infrastructure development in Andhra Pradesh, the Union Cabinet, led by Prime Minister Narendra Modi, has approved a ...

Team Finance Saathi      25/Oct/2024

Economy News

Nvidia AI Summit 2024 in Mumbai Showcases India's AI Potential with Major Partnerships

The Nvidia AI Summit 2024 held in Mumbai marked a significant milestone in India’s burgeoning artificial intelligence (AI) sector. This year’s sum...

Team Finance Saathi      24/Oct/2024

Economy News

IMF Projects India to Remain Fastest-Growing Economy with 7% Growth Rate

India is set to maintain its position as the fastest-growing economy globally, with the International Monetary Fund (IMF) projecting a robust growth r...

Team Finance Saathi      24/Oct/2024

Economy News

Digital Payments Surge as Cash Usage Declines in India

 According to a recent study by a Reserve Bank of India (RBI) economist reported by The Economic Times, cash currently accounts for 60% of consum...

Team Finance Saathi      24/Oct/2024

Economy News

Finance Minister Nirmala Sitharaman Highlights Success of Direct Benefit Transfers

Union Minister of Finance, Ms. Nirmala Sitharaman, has announced a remarkable achievement in India's welfare delivery system, revealing that over US$ ...

Team Finance Saathi      24/Oct/2024

Economy News

Bharat Chana Dal Phase-II Launched by Union Minister for Consumer Affairs

In a significant move to enhance food supply and stabilize prices, Union Minister of Consumer Affairs, Food and Public Distribution & New and Rene...

Team Finance Saathi      24/Oct/2024

Economy News

PM Modi Promotes India's UPI to BRICS Nations for Financial Integration

During a recent address, Prime Minister Narendra Modi emphasized the importance of embracing India's Unified Payments Interface (UPI) among the BRICS ...

Team Finance Saathi      24/Oct/2024

Economy News

India Becoming Global Hub for Global Capability Centres (GCCs)

India is rapidly transforming into a prominent destination for Global Capability Centres (GCCs), a trend fueled by a robust talent pool and supportive...

Team Finance Saathi      24/Oct/2024

Economy News

Elon Musk Hints at Flying Tesla Roadster During Q3 Earnings Call

During Tesla's recent Q3 earnings call, CEO Elon Musk shared exciting updates regarding the highly anticipated Tesla Roadster. He announced that the c...

Team Finance Saathi      24/Oct/2024

Economy News

PM Gati Shakti National Master Plan Marks Three Years of Transformative Infrastructure Growth

As India marks the third anniversary of the PM Gati Shakti National Master Plan, the initiative's transformative impact on infrastructure development ...

Team Finance Saathi      23/Oct/2024

Economy News

India's Data Centre Capacity Set to Reach 2,100 MW by FY27 Amid Digital Boom

According to the Investment Information and Credit Rating Agency (ICRA), India's data centre capacity is projected to reach between 2,000 and 2,100 me...

Team Finance Saathi      23/Oct/2024

Economy News

India Aims to Increase Drone Operations to 100,000, Says Union Minister

On Tuesday, during the inauguration of the Drone Summit in Amaravati, Union Minister for Civil Aviation, Mr. Kinjarapu Rammohan Naidu, unveiled an amb...

Team Finance Saathi      23/Oct/2024

Economy News

Deloitte Projects 7-7.2% Growth for Indian Economy in FY 2024

In its latest report, Deloitte India has projected that the Indian economy could experience a robust growth rate of 7-7.2% in the current fiscal year....

Team Finance Saathi      23/Oct/2024

Economy News

Nirmala Sitharaman Highlights India’s Growth Potential at Columbia University

In a pivotal address at Columbia University, Union Minister of Finance, Ms. Nirmala Sitharaman, articulated how India is strategically positioned to l...

Team Finance Saathi      23/Oct/2024

Economy News

India Land Deal Activity Jumps 65% YoY in Major Cities

In an exciting development for the Indian real estate sector, land deal activity has witnessed a remarkable surge of 65% year-on-year, reaching approx...

Team Finance Saathi      23/Oct/2024

Economy News

India's Economic Resilience: Insights from Finance Minister Nirmala Sitharaman

In her keynote address at Columbia University, Finance Minister Nirmala Sitharaman discussed the remarkable economic resilience of India amid a rapidl...

Team FS      22/Oct/2024

Economy News

NRI Deposits Double to US$ 7.82 Billion Between April-August 2024: RBI Data

Between April and August 2024, investments by Overseas Indians in non-resident Indian (NRI) deposit schemes experienced remarkable growth, doubling to...

Team Finance Saathi      22/Oct/2024

Economy News

Indian Apparel Exports Set for 9-11% Growth in FY25, Driven by Global Sourcing Shift

Indian apparel exporters are poised for a significant revenue boost in FY25, with projected growth of 9-11%, according to the Investment Information a...

Team Finance Saathi      22/Oct/2024

Economy News

India’s FDI Doubles Between April and August 2024, Boosting Key Sectors

India has witnessed a significant surge in foreign direct investment (FDI) in 2024, with net FDI more than doubling from US$ 3.26 billion to US$ 6.62 ...

Team Finance Saathi      22/Oct/2024

Economy News

PM Modi Celebrates Transformative Impact of UDAN Scheme on India's Aviation

At the eighth anniversary of the UDAN (Ude Desh ka Aam Nagrik) scheme, Prime Minister Narendra Modi took the opportunity to highlight its transformati...

Team Finance Saathi      22/Oct/2024

Economy News

ICICI Bank Surpasses Kotak Mahindra Bank in Valuation After Significant Share Drop

In a significant shift within the Indian banking sector, ICICI Bank has officially overtaken Kotak Mahindra Bank in terms of valuation. This change co...

Team FS      22/Oct/2024

Economy News

India: A Beacon of Hope in Global Challenges – PM Modi at NDTV Summit 2024

At the NDTV World Summit 2024, Prime Minister Narendra Modi addressed the audience with a powerful message about India’s resilience amidst a backdro...

Team Finance Saathi      22/Oct/2024

Economy News

PMBJP Records $119 Million Sales in October 2024: A Significant Healthcare Milestone

The Pradhan Mantri Bhartiya Janaushadhi Pariyojana (PMBJP) has reached a remarkable milestone, achieving sales worth US$ 119 million (Rs. 1,000 crore)...

Team Finance Saathi      22/Oct/2024

Economy News

Life Insurance Premiums Surge 14% in September Led by LIC and Private Insurers

Life insurance companies in India have reported a 14% year-on-year (YoY) growth in new business premiums (NBP) for the month of September, marking a s...

Team Finance Saathi      21/Oct/2024

Economy News

India to Capture 10% Global Outsourcing in CRDMO by 2033, Says McKinsey

India is on the brink of a significant transformation in the Contract Research Development and Manufacturing Organisation (CRDMO) landscape. According...

Team Finance Saathi      21/Oct/2024

Economy News

Nitin Gadkari emphasizes infrastructure development to boost tourism and job creation

At a recent conference organized by the Federation of Hotel and Restaurant Associations of India (FHRAI) in Goa, Union Minister for Road Transport and...

Team Finance Saathi      21/Oct/2024

Economy News

Nirmala Sitharaman urges Mexico to explore collaborations with Indian startups

During her official visit to Mexico, Union Minister of Finance, Ms. Nirmala Sitharaman, addressed the Tech Leaders Roundtable in Guadalajara, emphasiz...

Team Finance Saathi      21/Oct/2024

Economy News

Rajnath Singh calls for private sector leadership in defence innovation at DRDO workshop

In a pivotal move towards enhancing India’s defence sector, Union Minister of Defence Rajnath Singh has called upon the private sector to transition...

Team Finance Saathi      21/Oct/2024

Economy News

Mutual Fund Industry AUM reaches $798.25 billion in September 2024

The mutual fund industry in India witnessed a significant surge in assets under management (AUM), reaching an impressive US$ 798.25 billion (Rs. 67,09...

Team Finance Saathi      21/Oct/2024

Economy News

Saudi Arabia Acknowledges 20.6 Million Indians' Contribution During Riyadh Season

In a noteworthy celebration of cultural diversity and community contribution, Saudi Arabia's Deputy Minister of Media, Mr. Khalid bin Abdulqader Al-Gh...

Team Finance Saathi      18/Oct/2024

Economy News

Indian E-commerce Set to Reach $12 Billion During 2024 Festival Season

The Indian e-commerce sector is on track to achieve a remarkable gross merchandise value (GMV) of US$ 12 billion during the festival season from Octob...

Team Finance Saathi      18/Oct/2024

Economy News

Direct Tax Collections Soar 182% to Over $233 Billion During Modi's Tenure

India has witnessed a remarkable surge in direct tax collections, which have increased by 182% to over US$ 233.25 billion (approximately Rs. 19.60 tri...

Team Finance Saathi      18/Oct/2024

Economy News

KPMG Study Reveals 55% of TMT Organizations Fully Embrace AI Integration

A recent study conducted by KPMG India, titled “Redefining TMT with AI,” has shed light on the current state of AI integration within the Technolo...

Team Finance Saathi      18/Oct/2024

Economy News

Nitin Gadkari Aims to Lower India's Logistics Cost to Single Digits by 2026

At a recent NITI Aayog event, Union Minister for Road Transport and Highways, Nitin Gadkari, announced ambitious plans to reduce India's logistics cos...

Team Finance Saathi      18/Oct/2024

Economy News

World Bank President Ajay Banga Lauds India’s Growth and Focus on Quality of Life

World Bank President Ajay Banga has recently commended India's impressive growth rate, calling it one of the most remarkable features of the global ec...

Team Finance Saathi      18/Oct/2024

Economy News

ARC Finance Achieves ₹8.70 Crore Profit in H1 FY 2024, Reports Strong Revenue Growth

ARC Finance, a prominent player in India's financial sector, has reported a robust financial performance for the first half of the fiscal year ending ...

Team Finance Saathi      18/Oct/2024

Economy News

Akash Ambani Calls for Indian User Data to Be Stored Locally Amid Privacy Concerns

On October 17, 2024, Jio chairman Akash Ambani made headlines by advocating for the storage of Indian user data within the country, sparking a signifi...

Team Finance Saathi      17/Oct/2024

Economy News

India Poised to Dominate Global Solar Module Market by 2029

India is on the brink of transforming its position in the global solar module market, with projections indicating a significant leap in production and...

Team Finance Saathi      17/Oct/2024

Economy News

TeamLease Digital Reports 40% Increase in Fresher Hiring Driven by AI and Cloud Skills

TeamLease Digital's latest report highlights a remarkable 40% surge in fresher hiring for FY25, showcasing the dynamic shifts in the job market as com...

Team Finance Saathi      17/Oct/2024

Economy News

India's Trade Deficit Narrows to Five-Month Low Amid Fragile Export Growth

India's goods trade deficit narrowed to a five-month low in September 2024, driven by a modest rise in merchandise exports compared to the previous ye...

Team Finance Saathi      17/Oct/2024

Economy News

Piyush Goyal Advocates for Quality in Manufacturing at IFQM Symposium

During the valedictory address at the Indian Foundation for Quality Management (IFQM) Symposium in New Delhi, Union Minister of Commerce and Industry,...

Team Finance Saathi      17/Oct/2024

Economy News

Government Approves $4.17 Billion for PM-AASHA to Support Farmers and Stabilize Prices

The Indian government has taken a significant step to bolster the agricultural sector by approving an impressive US$ 4.17 billion (Rs. 35,000 crores) ...

Team Finance Saathi      17/Oct/2024

Economy News

India's Industrial and Warehousing Sector Sees Remarkable Growth in 2024

India's industrial and warehousing sector is experiencing a remarkable transformation, with approximately 20 million sq. ft. of space leased in the fi...

Team Finance Saathi      17/Oct/2024

Economy News

Dispute Erupts Over Satellite Spectrum Allocation Between Starlink and Reliance Jio

A significant dispute has emerged in India concerning the allocation of satellite spectrum between Elon Musk's Starlink and Mukesh Ambani's Reliance J...

Team Finance Saathi      16/Oct/2024

Economy News

Systematix Corporate Services Raises ₹103.12 Cr for Financial Expansion

Systematix Corporate Services has achieved a significant milestone by successfully raising ₹103.12 Crores through a preferential issue. This capital...

Team Finance Saathi      16/Oct/2024

Economy News

Indian Electric Vehicle Market Set for Strong Growth, D2C Brands Outperform Marketplaces

The Indian electric vehicle (EV) market is on track for "strong and steady" growth through 2030, as emerging Direct-to-Consumer (D2C) brands have outp...

Team Finance Saathi      16/Oct/2024

Economy News

India Unveils Ambitious National Electricity Plan Aiming for 500 GW Renewable Energy by 2030

India has officially launched its National Electricity Plan (Transmission), setting an ambitious target of achieving 500 gigawatts (GW) of renewable e...

Team Finance Saathi      16/Oct/2024

Economy News

Indian Air Conditioner Industry Set for Major Growth, Surpassing Pre-COVID Sales

The Indian room air conditioner (RAC) industry is on the brink of significant transformation, with a year-on-year (YoY) sales volume increase projecte...

Team Finance Saathi      16/Oct/2024

Economy News

India Set to Dominate Global 6G Landscape, Says Communications Minister at IMC 2024

At the India Mobile Congress (IMC) and World Telecommunication Standardization Assembly (WTSA) 2024, Minister of Communications and Development of the...

Team Finance Saathi      16/Oct/2024

Economy News

India and US Finalize $3.81 Billion Deal for Predator Drones to Boost Defense Capabilities

In a landmark development for India-US defense relations, both countries are set to sign a deal worth US$ 3.81 billion (Rs. 32,000 crore) to acquire 3...

Team Finance Saathi      16/Oct/2024

Economy News

India's Soybean Production Rises 6% in Kharif Season Amid Improved Yield Conditions

In a positive development for the agricultural sector, soybean production in India has seen an increase of around 6%, reaching nearly 126 lakh tonnes ...

Team Finance Saathi      16/Oct/2024

Economy News

PVR Inox Q2 Report: ₹12 Crore Loss, Strategies for Recovery in Upcoming Quarter

PVR Inox, one of the leading cinema chains in India, has reported a net loss of ₹12 crore for the second quarter ending September 30, 2024. This mar...

Team Finance Saathi      15/Oct/2024

Economy News

India Surpasses 200 GW Renewable Energy Capacity, Targets 500 GW by 2030

As of October 10, 2024, India has achieved a remarkable milestone by surpassing 200 GW in renewable energy capacity. This capacity includes a mix of s...

Team Finance Saathi      15/Oct/2024

Economy News

NPPA Approves Up to 50% Price Hike for Essential Drugs, Sparking Controversy

The recent decision by the National Pharmaceutical Pricing Authority (NPPA) in India to approve a price increase of up to 50% for eight essential drug...

Team Finance Saathi      15/Oct/2024

Economy News

India Establishes Three AI Centres of Excellence to Boost Innovation

The Government of India has officially announced the establishment of three Artificial Intelligence Centres of Excellence (AI-COEs), with a substantia...

Team Finance Saathi      15/Oct/2024

Economy News

Reliance Jio Launches JioBharat V3 and V4: Affordable 4G Feature Phones at ₹1,099

Reliance Jio has launched two new 4G feature phones, the JioBharat V3 and JioBharat V4, as part of its continued efforts to bridge the digital divide ...

Team Finance Saathi      15/Oct/2024

Economy News

India’s MSDE Partners with Meta to Revolutionize Skill Development through AI and VR

In a significant move to enhance skill development and empower the youth of India, the Ministry of Skill Development & Entrepreneurship (MSDE) has...

Team Finance Saathi      15/Oct/2024

Economy News

Indian Conglomerates to Invest $800 Billion in Emerging Sectors Over Next Decade

In an ambitious move that signals significant growth and transformation in India's corporate landscape, major Indian conglomerates, including industry...

Team Finance Saathi      15/Oct/2024

Economy News

India's Drug Regulatory System Gains Global Recognition, Supplying Over 200 Nations

In a major milestone for India’s pharmaceutical and medical regulatory landscape, Dr. Rajeev Raghuvanshi, the Drugs Controller General of India (DCG...

Team Finance Saathi      15/Oct/2024

Economy News

Prime Minister Internship Scheme Receives 1.55 Lakh Applications Within 24 Hours

In an overwhelming response, over 1.55 lakh candidates applied for the Prime Minister Internship Scheme within just 24 hours of its launch. The scheme...

Team Finance Saathi      15/Oct/2024

Economy News

French Leaders Reaffirm Commitment to 'Make in India' Initiative in Aerospace Sector

French business leaders visiting India have reiterated their commitment to enhancing local investments, job creation, and production under the 'Make i...

Team Finance Saathi      15/Oct/2024

Economy News

Union Minister Pralhad Joshi Highlights BIS Role on World Standards Day 2024

On World Standards Day, celebrated every year on October 14, Union Minister for Consumer Affairs, Food and Public Distribution & New and Renewable...

Team Finance Saathi      15/Oct/2024

Economy News

India's Industrial Growth Declines for the First Time in 22 Months

In August 2024, India's industrial growth witnessed a significant contraction of 0.1%, marking the first decline in 22 months. This drop in growth is ...

Team FS      14/Oct/2024

Economy News

Axis Bank Unveils New UPI Offerings to Enhance Payment Experience

Axis Bank, one of India's leading private sector banks, has announced an exciting development in the digital payments space. On October 14, the bank r...

Team FS      14/Oct/2024

Economy News

Apple's M4 MacBook Pro Leaked in Russia: Shocking Unboxing Videos Emerge

In a shocking revelation, the Apple M4 MacBook Pro has surfaced in Russia, catching the attention of tech enthusiasts worldwide. Unboxing videos from ...

Team FS      14/Oct/2024

Economy News

Hyundai's Creta EV Launch and India's Electric Vehicle Market Growth 2024

The Indian electric vehicle (EV) market is entering an exciting phase, with predictions of "strong and steady" growth through 2030, largely driven by ...

Team Finance Saathi      14/Oct/2024

Economy News

Indian Tech Sector Sees US$ 635 Million in Deals in Q3 2024, Marking 31% YoY Growth

The Indian technology sector experienced significant deal activity during the July-September quarter of 2024, with transactions worth US$ 635 million,...

Team Finance Saathi      14/Oct/2024

Economy News

Life Insurance Sector in India Records 14% Growth in New Business Premiums for September 2024

India's life insurance sector witnessed notable growth in September 2024, with life insurers recording a 14% year-on-year (YoY) increase in new busine...

Team Finance Saathi      14/Oct/2024

Economy News

India’s Vaccine Regulatory System Achieves Maturity Level 3 in Global Review

The Central Drugs Standard Control Organisation (CDSCO) and the National Regulatory Authority of India (NRA), in collaboration with the World Health O...

Team Finance Saathi      14/Oct/2024

Economy News

Paras Defence Set to Exceed Growth Guidance as Promoters and ADIA Back ₹135 Crore QIP

Paras Defence and Space Technologies is poised for an exceptional year, expecting to surpass its 20-30% growth guidance, according to Amit N Mahajan, ...

Team FS      14/Oct/2024

Economy News

Promoter Entities and GQG Partners Infuse Over Rs 19,000 Crore in Adani Group Stocks

The Adani Group has witnessed significant stake increases by both promoter group entities and GQG Partners during the September quarter, with a combin...

Team FS      14/Oct/2024

Economy News

PM GatiShakti National Master Plan Marks Three Years of Infrastructure Transformation

PM GatiShakti National Master Plan, launched on October 13, 2021, by Prime Minister Narendra Modi, has completed three remarkable years of transformin...

Team Finance Saathi      14/Oct/2024

Economy News

India's Digital Economy to Reach US$1.2 Trillion by 2030, Contributing 20% to GDP

India’s digital economy is on track for unprecedented growth, with projections indicating that it will reach a valuation of US$1.2 trillion by 2030....

Team Finance Saathi      14/Oct/2024

Economy News

PM Gati Shakti Initiative: Transforming India's Infrastructure and Connectivity

The PM Gati Shakti initiative, launched by Prime Minister Narendra Modi in 2021, is celebrating its third anniversary as a transformative force in Ind...

Team Finance Saathi      13/Oct/2024

Economy News

India Becomes Second-Largest Supplier of Restricted Tech to Russia Amid Global Tensions

In a striking development, India has emerged as the second-largest supplier of restricted critical technologies to Russia, surpassing $60 million in e...

Team FS      12/Oct/2024

Economy News

Indian Diagnostics Market Set to Reach $40 Billion by 2034

The Indian diagnostics market is witnessing unprecedented growth, currently valued at $15 billion and projected to reach an astounding $40 billion by ...

Team FS      12/Oct/2024

Economy News

NABARD Sanctions ₹770 Crore for Major Irrigation Projects in Jharkhand

The project in Palamu is set to irrigate an additional 11,000 hectares of farmland through a network of pipelines spread across eight blocks. This enh...

Team FS      12/Oct/2024

Economy News

Real Estate Market Faces Price Cooling Amidst Strong Sales Momentum

The real estate market in India is undergoing a significant transformation, with Gulam Zia, Senior Executive Director at Knight Frank India, shedding ...

Team FS      12/Oct/2024

Economy News

Government Demands Proof from Solar Module Makers on Dumping Claims

The Indian government is taking steps to safeguard its solar module manufacturing industry amidst concerns over cheap imports. Manufacturers are now r...

Team FS      11/Oct/2024

Economy News

HMA Agro Industries Temporarily Halts Operations Following Routine Inspection

HMA Agro Industries Ltd, a prominent player in the frozen meat export sector, has announced a temporary suspension of operations at its production uni...

Team FS      11/Oct/2024

Economy News

India Raises Concerns Over EU’s Carbon Border Adjustment Mechanism Impacting Trade

India's Finance Minister Nirmala Sitharaman has voiced strong concerns about the European Union’s Carbon Border Adjustment Mechanism (CBAM), labelli...

Team FS      11/Oct/2024

Economy News

Surge in Demat Accounts: 17.5 Crore in India by September 2024

The Indian financial landscape has witnessed a remarkable transformation, particularly in the realm of demat accounts. As of September 2024, the total...

Team FS      11/Oct/2024

Economy News

Wockhardt Submits Phase-3 Data for Nafithromycin, Targets Launch in India Soon

Wockhardt, a leading Mumbai-based pharmaceutical and biotechnology company, has made significant strides in the treatment of pneumonia by submitting i...

Team FS      11/Oct/2024

Economy News

WWF Report: India’s Food Consumption Patterns Ranked Most Sustainable Among G20 Nations

The World Wildlife Fund (WWF) has released its Living Planet Report, revealing that India’s food consumption patterns are the most sustainable among...

Team Finance Saathi      11/Oct/2024

Economy News

India Leads in AI Mobile App Downloads, Accounting for 21% of Global Total in 2024

In 2024, India solidified its position as a key global market for AI mobile applications, accounting for 21% of global downloads, according to data fr...

Team Finance Saathi      11/Oct/2024

Economy News

Government Releases US$ 21.20 Billion to States in Tax Devolution to Boost Capital Spending

In an effort to support capital spending and ensure states are adequately funded for upcoming festive season expenditures, the Indian government has r...

Team Finance Saathi      11/Oct/2024

Economy News

India's Textile Industry on Track to Achieve US$ 350 Billion Target by 2030

India's textile sector is poised for significant growth, with the country’s Ready-Made Garments (RMG) exports registering an impressive 11% year-on-...

Team Finance Saathi      11/Oct/2024

Economy News

India Emerges as a Key Partner for US Businesses to De-risk China in Manufacturing

India has emerged as a crucial player in the global geopolitical and economic landscape, offering immense opportunities for US companies looking to di...

Team Finance Saathi      11/Oct/2024

Economy News

India’s UPI Sees a 52% Surge in Transactions in H1 2024, Leading the Digital Payments Market

India's digital payment landscape continues to evolve rapidly, with the Unified Payments Interface (UPI) setting new records in transaction volumes an...

Team Finance Saathi      11/Oct/2024

Economy News

India's Tourism Recovery: 10.1 Million Foreign Arrivals Estimated for 2024

According to a recent report by Booking.com in collaboration with Accenture, foreign tourist arrivals in India are estimated to reach 10.1 million thi...

Team FS      10/Oct/2024

Economy News

Make in India Boosts Domestic API Production and Pharma Self-Reliance

The Make in India initiative is playing a pivotal role in reducing reliance on imported Active Pharmaceutical Ingredients (APIs), a move aimed at enha...

Team FS      10/Oct/2024

Economy News

Indian Schools and Colleges Poised for 12-14% Revenue Growth Amid Rising Enrolments

India’s education sector is expected to witness robust revenue growth of 12-14% in 2024, driven by rising enrolments and fee adjustments, according ...

Team FS      10/Oct/2024

Economy News

India to Launch Green Steel Mission by 2024, Promoting Sustainable Steel Production

India is set to launch a groundbreaking Green Steel Mission by the end of 2024, aiming to promote sustainable steel production as the country grapples...

Team FS      10/Oct/2024

Economy News

RBI Maintains Growth Forecast at 7.2% for FY25, Focuses on Inflation Control

The Reserve Bank of India (RBI) has retained its growth forecast for the Indian economy at 7.2% for FY25, as outlined in the recent Monetary Policy Co...

Team FS      10/Oct/2024

Economy News

Gurugram Property Prices Soar 76% in Two Years Amidst Rising Demand

Amidst growing residential demand in Gurugram, average property prices surged by 76% over 2 years, reaching US$ 174.53 (Rs. 14,650) per square foot be...

Team FS      09/Oct/2024

Economy News

India’s Sustainable Aviation Fuel Production to Reach 8-10 Million Tonnes by 2040

India is projected to produce 8-10 million tonnes of Sustainable Aviation Fuel (SAF) by 2040, necessitating investments between US$ 70-85 billion, acc...

Team FS      09/Oct/2024

Economy News

MACE Observatory Inaugurated in Ladakh: A New Era for Astrophysics in India

The Major Atmospheric Cherenkov Experiment (MACE) Observatory was officially inaugurated by Dr. Ajit Kumar Mohanty, Secretary of the Department of Ato...

Team FS      09/Oct/2024

Economy News

Record $19 Billion in Deals Highlight Strong Confidence in Indian Market

India's deal-making landscape experienced a remarkable surge in the third quarter of 2024, with a total of 551 deals valued at US$ 19 billion. This fi...

Team FS      09/Oct/2024

Economy News

Private Equity Inflows into Indian Real Estate Surge to $2.2 Billion in Q3 2024

In a significant development for the Indian real estate market, private equity inflows reached US$ 2.2 billion in the third quarter of 2024, showcasin...

Team FS      09/Oct/2024

Economy News

Jal Jeevan Mission Achieves 78.58% Potable Water Access in Rural Households

According to the Jal Shakti ministry, nearly 16 crore rural households, representing an impressive 78.58% of rural homes, now have access to potable w...

Team FS      08/Oct/2024

Economy News

India's Secondary Investors Eye $20 Billion Deal Pipeline in Private Equity

In India, secondary investors are increasingly acquiring stakes in assets held by private equity funds, aiming to tap into a deal pipeline valued at a...

Team FS      08/Oct/2024

Economy News

25 Million Square Feet of New Retail Supply Expected in Smaller Cities by 2029

According to a recent report by JLL India, smaller cities, particularly Tier-II and Tier-III locations, are expected to witness a substantial increase...

Team FS      08/Oct/2024

Economy News

India's Consumer Durables Sector to Reach $35.73 Billion by 2029

India's consumer durables sector is on the brink of significant growth, currently contributing 0.6% to the nation's GDP. According to a recent report ...

Team FS      08/Oct/2024

Economy News

India's Domestic Air Passenger Traffic to Hit 300 Million by 2030

India's domestic air passenger traffic is on a remarkable growth trajectory, projected to reach 300 million by the year 2030. This significant expansi...

Team FS      08/Oct/2024

Economy News

Office Space Leasing in India Expected to Reach 70 Million Sq. Ft in 2024: CBRE

India's office space leasing market is projected to reach a record high of approximately 70 million sq. ft in 2024, as per the latest report from real...

Team Finance Saathi      07/Oct/2024

Economy News

India’s Forex Reserves to Reach $745 Billion by March 2026: Bank of America

India’s foreign exchange reserves are projected to reach a record high of US$ 745 billion by March 2026, according to a report by Bank of America. T...

Team Finance Saathi      07/Oct/2024

Economy News

Grade A Warehousing Demand in India Set to Exceed 45 Million Sq. Ft in 2024

India's Grade A warehousing market is experiencing unprecedented growth, as highlighted by a joint report from CREDAI and CRE Matrix. The leasing of p...

Team Finance Saathi      07/Oct/2024

Economy News

India's Per Capita Income to Increase by $2,000 in Next 5 Years: Finance Minister

India’s Union Minister for Finance and Corporate Affairs, Ms. Nirmala Sitharaman, recently expressed confidence in the country's economic future, pr...

Team Finance Saathi      07/Oct/2024

Economy News

Indian Government Allocates Rs. 1,000 Crore for Space Startups Venture Fund

In a significant move to bolster the Indian space sector, the Indian government has allocated a remarkable Rs. 1,000 crore (approximately US$ 119.90 m...

Team Finance Saathi      07/Oct/2024

Economy News

Banks Report Stronger Deposit Growth in Q2 FY25 Amid Rising Rates and Schemes

In the latest report on Indian banks, the second quarter of FY25 has shown promising signs of growth, particularly in deposit figures. Overall, banks ...

Team Finance Saathi      07/Oct/2024

Economy News

Indian Services Sector Hits 10-Month Low Amid Economic Slowdown

In September 2024, India's economy exhibited signs of a slowdown, with both the manufacturing and services sectors reporting their lowest growth rates...

Team FS      05/Oct/2024

Economy News

Google and CleanMax Unveil 125.4 MW Hybrid Energy Project for Sustainability

In a remarkable collaboration, Google and CleanMax have announced the launch of a significant 125.4 MW hybrid energy project, reflecting their shared ...

Team FS      05/Oct/2024

Economy News

Chennai Metro Phase II Funding Approved: A Leap Forward in Urban Infrastructure

The Union Cabinet, under the leadership of Prime Minister Narendra Modi, has approved funding for the Chennai Metro Rail Project Phase II, marking a s...

Team FS      05/Oct/2024

Economy News

India Achieves Historic Forex Reserves Milestone, Surpassing $700 Billion

In a remarkable achievement for the Indian economy, the country's foreign exchange reserves have surpassed $700 billion for the first time. This miles...

Team FS      05/Oct/2024

Economy News

Biden Urges Caution as Israel Responds to Iranian Missile Attacks

In a recent address to reporters at the White House, President Joe Biden emphasized the complexities of the escalating conflict between Israel and Ira...

Team FS      05/Oct/2024

Economy News

India to Add 23 Million Tonnes Steel Capacity by FY27 Amid Growth Surge

India’s steel industry is on the cusp of a significant transformation, with plans to add approximately 23 million tonnes (MT) of crude steel capacit...

Team FS      04/Oct/2024

Economy News

Indian Media Companies to Reach US$ 7.14 Billion in Revenue by FY27

India’s media industry is poised for significant growth, with revenue projected to increase at a rate of 8% annually, reaching US$ 7.14 billion (Rs....

Team FS      04/Oct/2024

Economy News

Indian Logistics Market Expected to Grow to US$ 159 Billion by FY28

The Indian logistics market, valued at US$ 107.16 billion (Rs. 9 trillion) in FY23, is on track to experience significant growth over the next five ye...

Team FS      04/Oct/2024

Economy News

India and US Sign MoU to Boost Critical Minerals and Semiconductor Supply Chains

The 6th India-US Commercial Dialogue, held in Washington, marked another milestone in the deepening partnership between India and the United States, a...

Team FS      04/Oct/2024

Economy News

Indian Government Aims to Place One Lakh Youth in Internships by December 2

The Indian government has introduced the ambitious PM Internship scheme, targeting the placement of one lakh youth in internships with leading compani...

Team FS      04/Oct/2024

Economy News

India to Launch Facial Recognition Technology for International Air Travel by June 2025

India is set to revolutionize international air travel by implementing facial recognition technology (FRT), with a pilot project scheduled for June 20...

Team Finance Saathi      03/Oct/2024

Economy News

India Ratings Reports Strong Corporate Credit Profile with 202 Upgrades in H1 FY24

India Ratings and Research (Ind-Ra) has reported a strong performance in the corporate credit profile during the initial half of the current fiscal ye...

Team Finance Saathi      03/Oct/2024

Economy News

IREDA Reports 303% Surge in Loan Approvals for Renewable Energy Financing

The Indian Renewable Energy Development Agency Limited (IREDA) has reported a remarkable 303% surge in loan approvals, amounting to US$ 2.15 billion (...

Team Finance Saathi      03/Oct/2024

Economy News

Indian Department of Posts Marks 170 Years of Socio-Economic Service

On October 1, 2024, the Department of Posts, one of India's oldest institutions, celebrated its foundation day, marking a remarkable 170 years of serv...

Team Finance Saathi      03/Oct/2024

Economy News

PM Modi Reaffirms India’s Support for Jamaica’s Development During Historic Visit

During a recent meeting, Indian Prime Minister Mr. Narendra Modi underscored India's role as a "trusted partner" in Jamaica's development while discus...

Team Finance Saathi      03/Oct/2024

Economy News

UPI Transactions Reach Record Highs in September 2024 with 0.5% Increase

In September 2024, Unified Payment Interface (UPI) transactions in India witnessed a 0.5% increase, rising from US$ 14.96 billion in August to an impr...

Team Finance Saathi      03/Oct/2024

Economy News

Supreme Court Rules in Favor of ITC on Construction for Renting Services in Safari Retreats Case

In a landmark ruling, the Supreme Court of India has opened the door for businesses engaged in renting services to claim Input Tax Credit (ITC) on con...

Team Finance Saathi      03/Oct/2024

Economy News

GST Collections in September 2024 Rise by 6.5% to Rs 1.73 Lakh Crore

According to government data released on Tuesday, India's Goods and Services Tax (GST) collections for September 2024 have shown a promising trend. Th...

Team Finance Saathi      02/Oct/2024

Economy News

Motorola Launches ThinkPhone 25: A Business-Focused Smartphone with Impressive Specs

Motorola has recently unveiled the ThinkPhone 25, a new addition to its lineup aimed primarily at business users. This device has made its debut in se...

Team Finance Saathi      02/Oct/2024

Economy News

Samsung Galaxy Z Fold 6 Ultra Rumored Launch Date and Features Revealed

The Samsung Galaxy Z Fold 6 Ultra has been a topic of excitement in the smartphone community, especially following the launch of the standard Galaxy Z...

Team Finance Saathi      02/Oct/2024

Economy News

Google Lens Introduces Video Recording Feature to Enhance Search Capabilities

Google Lens is set to revolutionize how users search for information with a significant update introducing video recording capabilities. This new feat...

Team Finance Saathi      02/Oct/2024

Economy News

TRAI Introduces New Guidelines for Mobile Number Portability Amid Rising Telecom Costs

The Telecom Regulatory Authority of India (TRAI) has recently introduced new guidelines for Mobile Number Portability (MNP) to ensure users are well-i...

Team Finance Saathi      02/Oct/2024

Economy News

Snapchat Launches Footsteps Feature for iOS Users to Track Travels

In an exciting development for its users, Snapchat, the widely-used photo-sharing platform, has rolled out a new feature called Footsteps for iOS user...

Team Finance Saathi      02/Oct/2024

Economy News

Microsoft Launches Bing Generative Search Feature Amid AI Advancements

In a significant move to enhance user experience, Microsoft has launched the Bing generative search feature, designed to provide users with AI-generat...

Team Finance Saathi      02/Oct/2024

Economy News

India's Residential Real Estate Inventory Overhang Falls to 22 Months Amid Strong Demand

The inventory overhang in India's residential real estate market has significantly decreased to 22 months in the June quarter of 2024, down from 34 mo...

Team Finance Saathi      01/Oct/2024

Economy News

India's Retail Sector Set for $70.43 Billion Surge During Wedding Season Starting November 2024

India's retail sector is poised for a remarkable surge in economic activity, particularly with the upcoming wedding season commencing on November 12, ...

Team Finance Saathi      01/Oct/2024

Economy News

India's Consumer Durables Market to Hit $59.96 Billion by FY30, Fourth Largest by 2027

India's consumer durables market is projected to reach US$ 59.96 billion (Rs. 5 lakh crore) by FY30, positioning it as the fourth largest globally by ...

Team Finance Saathi      01/Oct/2024

Economy News

PM E-DRIVE Scheme Launched: $1.30 Billion to Accelerate Electric Vehicle Adoption

The Centre has officially notified the PM E-DRIVE scheme with a total outlay of US$ 1.30 billion (Rs. 10,900 crore). According to the gazette notifica...

Team Finance Saathi      01/Oct/2024

Economy News

Business Reforms Action Plan 2024: A Regulatory Overhaul to Enhance Ease of Doing Business

The Centre is poised to unveil the Business Reforms Action Plan (BRAP) 2024, a significant regulatory overhaul aimed at enhancing the ease of doing bu...

Team Finance Saathi      01/Oct/2024

Economy News

Surge in Loan Demand Triggers Job Growth in India’s BFSI Sector Ahead of Festive Season

According to a recent report by TeamLease Services, the demand for personal and vehicle loans, including both two-wheelers and four-wheelers, has surg...

Team Finance Saathi      01/Oct/2024

Economy News

Infinix Zero Flip: First Foldable Smartphone with Dual Displays Launched

Infinix has made a significant leap into the foldable smartphone market with the launch of its first-ever flip smartphone, the Infinix Zero Flip. This...

Team Finance Saathi      30/Sep/2024

Economy News

Karnataka's GCC Policy to Boost Economic Output by US$ 50 Billion, Create 350,000 Jobs by 2029

Karnataka has taken a monumental step in furthering its position as a global leader in innovation, research, and technology by launching a draft polic...

Team Finance Saathi      30/Sep/2024

Economy News

IPO Market Surges in 2024 with $65 Billion Raised Globally, India Leads APAC Region

The primary market is seeing a resurgence, attracting renewed interest from domestic and international investors. According to a recent report by Glob...

Team Finance Saathi      30/Sep/2024

Economy News

India Targets 6 Crore Jobs in Textile Sector by 2030, Unveils Roadmap for $350 Billion Market

The Indian government has unveiled a comprehensive roadmap aimed at creating 4.5 to 6 crore jobs in the textile sector by the year 2030. This ambitiou...

Team Finance Saathi      30/Sep/2024

Economy News

India and Uzbekistan Sign Bilateral Investment Treaty to Boost Investor Confidence

In a significant step towards enhancing bilateral economic cooperation, India and Uzbekistan have signed a Bilateral Investment Treaty (BIT) designed ...

Team Finance Saathi      30/Sep/2024

Economy News

India’s Economy to Grow at 6.5-7% in 2023-24: CEA Nageswaran

Chief Economic Advisor (CEA) Mr. V Anantha Nageswaran recently announced that the Indian economy is expected to grow at a rate of 6.5-7% in the curren...

Team Finance Saathi      30/Sep/2024

Economy News

Women's Workforce Participation Doubles: A Silent Revolution Under PM Modi's Policies

India is witnessing a silent revolution as women's participation in the workforce has more than doubled over the past seven years, thanks to inclusive...

Team Finance Saathi      30/Sep/2024

Economy News

Launch of PARAM Rudra Supercomputers Marks a Milestone in India's Tech Advancements

India has taken a significant leap in technological advancements with the launch of three indigenously developed PARAM Rudra Supercomputers, inaugurat...

Team FS      28/Sep/2024

Economy News

Cisco Opens First Manufacturing Facility in India to Boost Local Production

Cisco Systems Inc. has officially inaugurated its first manufacturing facility in India, located in Chennai, Tamil Nadu, in partnership with Flex. Thi...

Team FS      28/Sep/2024

Economy News

Uttarakhand and Northeast India’s Villages Honored for Sustainable Tourism

On World Tourism Day 2024, celebrated on September 27, India acknowledged the significant contributions of several villages towards promoting sustaina...

Team FS      28/Sep/2024

Economy News

Sudden Rain Bursts Bring Relief to Chennai and Tamil Nadu

On September 28, 2024, Chennai and several regions across Tamil Nadu experienced sudden weather changes attributed to an Upper Air Circulation (UAC) s...

Team FS      28/Sep/2024

Economy News

Significant Fire at Tata Electronics Manufacturing Unit in Hosur

A significant fire broke out at the Tata Electronics manufacturing unit located in Hosur, Tamil Nadu, on September 28, 2024, around 5:30 a.m. The blaz...

Team FS      28/Sep/2024

Economy News

Urban India Expected to Spend US$ 22.12 Billion During 2024 Festive Sales: Survey

As the festive season approaches, urban India is poised to enter a shopping frenzy, with total spending projected to reach a staggering US$ 22.12 bill...

Team Finance Saathi      27/Sep/2024

Economy News

India's Private Debt Market Set to Cross US$ 18 Billion by 2024 Amidst Economic Growth

India's private debt market is on track for remarkable expansion, with assets under management (AUM) expected to exceed US$ 18 billion by the end of 2...

Team Finance Saathi      27/Sep/2024

Economy News

India’s Gold Demand Surges as Import Tax Cut Fuels Festive and Wedding Season Buying

India's gold market is experiencing a notable surge in demand, bolstered by the government's decision to cut import taxes on gold, combined with the s...

Team Finance Saathi      27/Sep/2024

Economy News

Banks Record 15.6% YoY Growth in Credit Card Additions, Reaching 10.55 Crore Active Cards

India's banking sector continues to witness a robust expansion in credit card circulation, with banks adding over 9.2 lakh new cards in August 2024, a...

Team Finance Saathi      27/Sep/2024

Economy News

50 New Pharma and Medical Device Plants to Be Set Up in 2 Years Under PLI Scheme

India’s pharmaceutical and medical device sectors are poised for a significant boost, with 50 new greenfield plants set to be established within the...

Team Finance Saathi      27/Sep/2024

Economy News

India Moves Up to 39th Position in Global Innovation Index 2024

India’s innovation journey continues to rise, with the country securing the 39th rank in the Global Innovation Index (GII) 2024, a jump from its 40t...

Team Finance Saathi      27/Sep/2024

Economy News

Himachal Pradesh mandates ID display for street vendors, focuses on hygiene and security.

Himachal Pradesh's government has taken a crucial step toward improving hygiene and regulating street vendors by making it mandatory for all street ve...

Team Finance Saathi      26/Sep/2024

Economy News

India Unveils $109.50 Billion Plan to Transform Power Infrastructure and Energy Security

In a significant move to enhance India’s power infrastructure, the Ministry of Power, guided by Prime Minister Mr. Narendra Modi, has unveiled a US$...

Team Finance Saathi      26/Sep/2024

Economy News

Union Minister Highlights Key Achievements of Maritime Sector in First 100 Days

In a comprehensive press conference today, Union Minister of Ports, Shipping and Waterways, Mr. Sarbananda Sonowal, provided an extensive overview of ...

Team Finance Saathi      26/Sep/2024

Economy News

India Surpasses Japan as Third-Largest Power in Asia-Pacific, Reveals Asia Power Index

According to the latest Asia Power Index, India has officially surpassed Japan to become the third-largest power in the Asia-Pacific region. This sign...

Team Finance Saathi      26/Sep/2024

Economy News

Uttar Pradesh International Trade Show 2024: India’s Economic Growth Takes Center Stage

At the 2nd edition of the Uttar Pradesh International Trade Show 2024 held in Greater Noida, Vice-President of India, Mr. Jagdeep Dhankhar, delivered ...

Team Finance Saathi      26/Sep/2024

Economy News

Celebrating 10 Years of Make in India: Transformative Growth and Manufacturing Success

On the 10th anniversary of the Make in India initiative, Minister of Commerce and Industry Mr. Piyush Goyal highlighted remarkable achievements that u...

Team Finance Saathi      26/Sep/2024

Economy News

Flexible Office Space in India Attracts $820 Million in Private Equity Since 2017

According to a recent report by Knight Frank, the flexible office space sector in India has emerged as a significant player in the commercial real est...

Team Finance Saathi      26/Sep/2024

Economy News

India's Removal of Basmati Rice MEP to Boost Global Exports Significantly

In a significant move for the agricultural sector, India has recently eliminated the minimum export price (MEP) for basmati rice, a decision that is p...

Team Finance Saathi      25/Sep/2024

Economy News

India's Power Sector Investment Opportunities Exceed $478 Billion in Next Decade

The power sector in India is on the brink of a significant transformation, with investment opportunities estimated at over US$ 478.58 billion (Rs. 40 ...

Team Finance Saathi      25/Sep/2024

Economy News

Organized Retail Apparel Sector to See 8-10% Revenue Growth This Year

The organized retail apparel sector is set to witness a revenue growth of 8-10% in the current financial year, driven by several factors including a n...

Team Finance Saathi      25/Sep/2024

Economy News

JPMorgan Optimistic About India's Growth Amid "China Plus One" Strategy

In a recent interview, JPMorgan's Asia Pacific CEO, Mr. Sjoerd Leenart, expressed a bullish outlook on both India and Japan as primary investment dest...

Team Finance Saathi      25/Sep/2024

Economy News

Piyush Goyal Highlights Make in India Initiative's Decade of Success in Manufacturing

In a recent interview, Commerce and Industry Minister Mr. Piyush Goyal underscored the remarkable achievements of the Make in India initiative over th...

Team Finance Saathi      25/Sep/2024

Economy News

Quick Commerce Thrives: 31% of Urban Indians Prefer It for Grocery Shopping

The rise of quick commerce platforms is fundamentally changing how urban Indians approach grocery shopping, as highlighted in the recent NIQ Shopper T...

Team Finance Saathi      25/Sep/2024

Economy News

Defence Minister Emphasizes Private Sector's Role in India’s Economic Progress

Defence Minister Mr. Rajnath Singh recently highlighted the growing role of the private sector in India's economy, emphasizing its crucial contributio...

Team FS      24/Sep/2024

Economy News

Strong Consumer Interest in New Energy Vehicles Forecasts Bright Future for India's EV Market

A recent survey highlights strong interest among Indian consumers in new energy vehicles (NEVs), with an impressive 83% of respondents indicating thei...

Team FS      24/Sep/2024

Economy News

India Ranks Among Top 3 Countries in Carbon Emission Reporting and Reduction

A recent global survey conducted by the Boston Consulting Group (BCG) in collaboration with sustainability management platform CO2 AI has positioned I...

Team FS      24/Sep/2024

Economy News

Indian Real Estate to Reach $10 Trillion by 2047 with Urbanization Driving Growth

The Indian real estate market is on a trajectory to become a US$ 10 trillion industry by 2047, potentially contributing 14-20% to the country's GDP. T...

Team FS      24/Sep/2024

Economy News

India Launches First AI Security Certification Program in Collaboration with SISA

The launch of the Certified Security Professional for Artificial Intelligence (CSPAI) program by the Indian Computer Emergency Response Team (CERT-In)...

Team FS      24/Sep/2024

Economy News

India's palm oil production set to triple by 2030 with expanded plantations

India is on the brink of a significant transformation in its palm oil production, with projections indicating a tripling of output by 2030. This ambit...

Team Finance Saathi      23/Sep/2024

Economy News

Indian migrants emerge as largest group of educated immigrants in the U.S

A recent study by the Migration Policy Institute (MPI) has revealed that Indian migrants have established themselves as the largest group of educated ...

Team Finance Saathi      23/Sep/2024

Economy News

GeM cuts transaction charges to boost ease of business for sellers

The Government e-Marketplace (GeM) has taken a significant step toward improving the ease of doing business by reducing transaction charges for seller...

Team Finance Saathi      23/Sep/2024

Economy News

India's third 700 MWe nuclear reactor reaches criticality at RAPP

India has achieved another milestone in its nuclear energy journey as its third 700 MWe indigenous nuclear reactor successfully reached criticality at...

Team Finance Saathi      23/Sep/2024

Economy News

India Secures Tier 1 Global Cybersecurity Status with GCI 2024 Milestone

In a landmark achievement, India has secured Tier 1 status in the Global Cybersecurity Index (GCI) 2024, published by the International Telecommunicat...

Team Finance Saathi      23/Sep/2024

Economy News

India Signs Landmark Clean and Fair Economy Deals under the Indo-Pacific Economic Framework

On September 21, 2024, India made a historic move by signing a series of key agreements as part of the Indo-Pacific Economic Framework (IPEF) during P...

Team Finance Saathi      23/Sep/2024

Economy News

NHAI Awards Rs 6,661 Crore Contract for Hyderabad-Nagpur Corridor

The National Highways Authority of India (NHAI) has awarded a significant contract for the 251-km stretch of the Hyderabad-Nagpur corridor under the T...

Team FS      21/Sep/2024

Economy News

RBI Study Shows Increased Synchronization of Business Cycles in Southern and Western India

A new study published in the RBI monthly bulletin for September highlights that the business cycles of the southern and western regions of India are b...

Team FS      21/Sep/2024

Economy News

DGFT to Extend Free Import of Laptops and PCs Until Year-End

On September 20, an official from the Directorate General of Foreign Trade (DGFT) announced that a notification is forthcoming, extending the free imp...

Team FS      21/Sep/2024

Economy News

Finance Minister Reviews Housing and Urban Affairs Capex Plans

On Friday, Finance Minister Nirmala Sitharaman conducted a critical review of the capital expenditure (capex) plans for the Ministry of Housing and Ur...

Team FS      21/Sep/2024

Economy News

Global Food Regulators Summit 2024 in New Delhi: A Focus on Food Safety and Sustainability

The Global Food Regulators Summit 2024 and World Food India 2024 are currently underway in New Delhi, bringing together delegates from over 70 countri...

Team FS      21/Sep/2024

Economy News

India's Zinc Consumption Set to Double to Over 2 Million Tonnes in the Next Decade

India's zinc consumption is anticipated to surpass 2 million tonnes over the next decade, an increase from the current level of 1.1 million tonnes, as...

Team Finance Saathi      20/Sep/2024

Economy News

India Ranks Third Globally for Foreign Investment in Land and Development Projects in 2024

India has emerged as a prominent destination for foreign investment in land and development projects, achieving the rank of third globally in 2024 acc...

Team Finance Saathi      20/Sep/2024

Economy News

India Set to Become Third-Largest Economy by 2030-31, Predicts S&P Global

India is set to become the third-largest economy by 2030-31, according to a report released by S&P Global. This projection is driven by a forecast...

Team Finance Saathi      20/Sep/2024

Economy News

Nitin Gadkari Targets Single-Digit Logistics Costs and Growth in India’s Automobile Sector

Union Minister for Road Transport and Highways, Mr. Nitin Gadkari, announced a significant objective for India’s logistics sector—to bring down lo...

Team Finance Saathi      20/Sep/2024

Economy News

India's Economic Growth and Urban Development Under PM Modi Lauded by Hardeep Singh Puri

India's economic growth under the leadership of Prime Minister Narendra Modi has gained significant attention globally. At a reception held at India H...

Team Finance Saathi      20/Sep/2024

Economy News

Premium VOD Market Growth in 2024: Sports, Local Content, and Revenue Insights

In 2024, the premium video-on-demand (VOD) market in India has witnessed a substantial growth trajectory, with revenues reaching an impressive US$ 1.0...

Team Finance Saathi      20/Sep/2024

Economy News

Indian Pharmaceutical Sector Forecasts 8-10% Revenue Growth in FY24

The Indian pharmaceutical sector is projected to see revenue growth of 8-10% this financial year, driven by strong exports to regulated markets such a...

Team FS      19/Sep/2024

Economy News

India Targets $1 Billion in Alcoholic Beverage Exports with Government Support

Support from both the Centre and state governments is crucial for India to achieve US$ 1 billion in alcoholic beverage exports in the coming years, ac...

Team FS      19/Sep/2024

Economy News

Indian Jewellery Exports Surge in Middle East Market, Especially Saudi Arabia and Kuwait

The Middle East is rapidly emerging as a significant market for Indian jewellery exporters, with countries such as Saudi Arabia and Kuwait demonstrati...

Team FS      19/Sep/2024

Economy News

Union Cabinet Approves Development of India's First Antariksh Station by 2028

The Union Cabinet, chaired by Prime Minister Narendra Modi, has given the green light for the development of the Bharatiya Antariksh Station (BAS-1) a...

Team FS      19/Sep/2024

Economy News

Rental Values Surge 72% in Major Indian Cities as Homeownership Gains Popularity

Rental values in key micro-markets across the top seven Indian cities have experienced a remarkable surge of 72% between the end of 2021 and the first...

Team FS      19/Sep/2024

Economy News

India Strengthens Energy Partnership with the US for Sustainable Growth

India and the United States continue to deepen their strategic energy partnership, with a strong emphasis on advancing sustainable and renewable energ...

Team Finance Saathi      18/Sep/2024

Economy News

Tamil Nadu Accelerates as India’s Leading Electric Vehicle Manufacturing Hub

Tamil Nadu is rapidly positioning itself as India’s electric vehicle (EV) hub, with an impressive surge in both domestic and international investmen...

Team Finance Saathi      18/Sep/2024

Economy News

Investor Optimism for India Stays High Despite Global Economic Uncertainty

Despite global economic headwinds, investor optimism in India continues to soar. A recent survey by Grant Thornton revealed that an impressive 86% of ...

Team Finance Saathi      18/Sep/2024

Economy News

Delhi's Office Market Expands with 10 Million Sq. Ft of New Developments

Delhi’s office market is set for a significant transformation with over 10 million sq. ft of new office space on the horizon. For years, the capital...

Team Finance Saathi      18/Sep/2024

Economy News

PM Modi Inaugurates Major Railway and Highway Projects in Odisha Worth US$ 453.6 Million

In a significant boost to Odisha’s infrastructure development, Prime Minister Narendra Modi recently inaugurated a series of railway and national hi...

Team Finance Saathi      18/Sep/2024

Economy News

India's Wholesale Price Inflation Drops to 4-Month Low Amid Slowing Food Prices

India's wholesale price inflation has taken a significant dip in August 2024, offering some relief to industries and consumers alike. The Wholesale Pr...

Team Finance Saathi      18/Sep/2024

Economy News

India's Wholesale Price Inflation Eases to 1.31% in August 2024

India's wholesale prices rose by 1.31% year-on-year in August 2024, a significant decrease from the 2.04% rise recorded in July 2024 and below the for...

Team FS      17/Sep/2024

Economy News

Western Carriers IPO Subscribed 4.19x on Day 3, GMP Jumps; Should you subscribe?

Western Carriers (India) Limited is recognized as the largest private, multi-modal, rail-focused logistics company in India based on container volumes...

Team Finance Saathi      17/Sep/2024

Economy News

India's Renewable Energy Boom Sparks Surge in Job Opportunities Across Sectors

India’s renewable energy sector is at the forefront of a significant transformation as the country strives to achieve net-zero emissions by 2070. Th...

Team Finance Saathi      17/Sep/2024

Economy News

TCS Partners with Tata Electronics to Boost India’s Semiconductor Industry

Tata Consultancy Services (TCS) has partnered with Tata Electronics Pvt Ltd to support India’s ambition of producing its first domestically manufact...

Team Finance Saathi      17/Sep/2024

Economy News

RBI Governor Shaktikanta Das Projects India’s Growth Potential Over 7.5% for FY25

Reserve Bank of India (RBI) Governor, Mr. Shaktikanta Das, has projected that India’s growth potential could surpass 7.5%, a figure that is slightly...

Team Finance Saathi      17/Sep/2024

Economy News

Vice President Dhankhar Hails India’s Progress in Education and Governance Reforms

Vice President of India, Mr. Jagdeep Dhankhar, delivered a powerful address during the inauguration of a digital tower at Ramdeobaba University in Nag...

Team Finance Saathi      17/Sep/2024

Economy News

India Hikes Import Duties on Edible Oils to Boost Domestic Agriculture

The Government of India recently made a pivotal announcement, raising the import duties on both crude palm oil and refined sunflower oil to bolster do...

Team Finance Saathi      17/Sep/2024

Economy News

Bengaluru Dominates Large Office Space Demand in H1 2024

In the first half of 2024, Knight Frank India reported significant activity in the office space market across eight major Indian cities, reflecting a ...

Team Finance Saathi      17/Sep/2024

Economy News

DoT Introduces Paperless SIM Card Process for Indian Telecom Users

In a transformative move aimed at modernizing the telecom sector, the Department of Telecommunications (DoT) has unveiled significant changes to the S...

Team Finance Saathi      16/Sep/2024

Economy News

India Launches 'Bhaskar': A Revolutionary Digital Platform for Startups

In a significant move to boost the startup ecosystem, the Government of India has announced the launch of a pioneering digital platform named 'Bhaskar...

Team Finance Saathi      16/Sep/2024

Economy News

HDFC Bank to Announce Q2FY25 Results on October 19

HDFC Bank, India’s largest private sector lender, is set to announce its second-quarter financial results for the fiscal year 2024-25 (Q2FY25) on Oc...

Team Finance Saathi      16/Sep/2024

Economy News

Exclusive Images Reveal Maruti Suzuki’s 2024 Dzire Before Official Launch

Maruti Suzuki is preparing for the launch of its much-anticipated 2024 Dzire, a popular sub-four-metre sedan that has captured the interest of automot...

Team Finance Saathi      16/Sep/2024

Economy News

Federal Reserve Interest Rate Decision: Anticipation of 25 or 50 Basis Point Cut

The Federal Reserve's interest rate decision, set to occur on September 17-18, 2024, is creating significant anticipation and debate within the financ...

Team Finance Saathi      16/Sep/2024

Economy News

BSNL Gains Popularity Amid Private Telecom Tariff Hike, Plans 1 Lakh 4G Towers by 2025

With the recent tariff hikes by private telecom giants like Jio, Airtel, and Vi, Bharat Sanchar Nigam Limited (BSNL) has seen a resurgence in populari...

Team Finance Saathi      14/Sep/2024

Economy News

Bitcoin ETFs See Major Inflows, Led by Fidelity and Ark, Ethereum ETFs Also Gain

On September 13, 2024, the cryptocurrency investment landscape witnessed a substantial surge in interest, particularly in Bitcoin spot ETFs. This date...

Team Finance Saathi      14/Sep/2024

Economy News

Government Scraps Onion and Basmati Rice Export Thresholds to Boost Shipments and Farmer Income

In a significant policy shift aimed at enhancing farmers' income and boosting exports, the Indian government has announced the removal of minimum expo...

Team FS      14/Sep/2024

Economy News

RBI Governor Shaktikanta Das Forecasts 7.5% Growth Potential for India Amid Inflation Concerns

India’s economy is projected to have the potential for robust growth, with Reserve Bank of India (RBI) Governor Shaktikanta Das estimating a rate of...

Team FS      14/Sep/2024

Economy News

Apple Unveils iPhone 16 Series with Major Upgrades and Savings Offers

Apple has officially unveiled its iPhone 16 series, marking a significant leap forward in smartphone technology with new features and enhancements. Th...

Team Finance Saathi      14/Sep/2024

Economy News

India Set to Lead Global Biotechnology, Advances in Research Highlighted at Summit

India is making significant strides in becoming a global leader in biotechnology and research. According to Mr. Ajay Sood, the Principal Scientific Ad...

Team Finance Saathi      13/Sep/2024

Economy News

Domestic Firms to Lease 60-65 Million Sq Ft of Office Space by 2025

The Indian office market is experiencing a remarkable transformation. According to a recent CBRE report, domestic companies are projected to lease bet...

Team Finance Saathi      13/Sep/2024

Economy News

India's Steel Consumption to Surge 9-10% This Year Amid Robust Demand

India's steel consumption is anticipated to see a substantial growth of 9-10% during this financial year, according to a recent report by the rating a...

Team Finance Saathi      13/Sep/2024

Economy News

India to Drive 20% of Global Economic Growth in Next Decade

India's economic trajectory is set to significantly impact the global economy, with projections indicating that it will contribute 20% of global econo...

Team Finance Saathi      13/Sep/2024

Economy News

India Partners with EU for Green Hydrogen: Highlights from ICGH-2024

On the second day of the International Conference on Green Hydrogen (ICGH-2024), held in New Delhi, a significant development emerged with India's ann...

Team Finance Saathi      13/Sep/2024

Economy News

India’s IIP Growth Hits 4.8% in July 2024: Sectoral Highlights and Key Data

The Quick Estimates of the Index of Industrial Production (IIP) for July 2024 reveal a growth rate of 4.8%, marking a slight increase from the 4.7% re...

Team Finance Saathi      13/Sep/2024

Economy News

NHA and IIT Kanpur Collaborate to Boost AI in Healthcare Under Ayushman Bharat Digital Mission

The National Health Authority (NHA) and IIT Kanpur have signed a significant Memorandum of Understanding (MoU) to boost AI in healthcare under the Ayu...

Team Finance Saathi      12/Sep/2024

Economy News

India Targets 10% of Global 6G Patents, Announces Telecom Reforms by Year-End

At the 51st AIMA National Management Convention, Minister of Communications and Development of the Northeastern Region, Mr. Jyotiraditya M. Scindia, o...

Team Finance Saathi      12/Sep/2024

Economy News

India Approves 5 Semiconductor Units, Announces Semicon 2.0 at SEMICON India Summit

Union Minister of Information and Broadcasting, Mr. Ashwini Vaishnaw, shared key developments in India’s rapidly growing semiconductor industry at t...

Team Finance Saathi      12/Sep/2024

Economy News

India's Ambitious Plans for Aviation Sector Unveiled at Asia Pacific Conference

At the second Asia Pacific Ministerial Conference on Civil Aviation in New Delhi, Minister of Civil Aviation Mr. K Rammohan Naidu outlined India’s a...

Team Finance Saathi      12/Sep/2024

Economy News

PM Modi Highlights India’s Semiconductor Growth Potential at SEMICON India 2024

At the SEMICON India 2024 event held in Greater Noida, Prime Minister Mr. Narendra Modi showcased India’s ambitious plans for its semiconductor and ...

Team Finance Saathi      12/Sep/2024

Economy News

UP CM Yogi Adityanath Highlights State's Electronics Industry Milestones at SEMICON India 2024

At the inaugural session of SEMICON India 2024 in Noida, Uttar Pradesh Chief Minister Mr. Yogi Adityanath showcased the state's impressive strides in ...

Team Finance Saathi      12/Sep/2024

Economy News

ICC Men's Cricket World Cup 2023 Boosts Indian Economy with $1.39 Billion Impact

The ICC Men's Cricket World Cup 2023, held in India, proved to be a landmark event not only for cricket but for the Indian economy as well. According ...

Team Finance Saathi      11/Sep/2024

Economy News

InMobi Secures $100 Million in Debt Financing from MARS Growth Capital for AI Expansion

On September 11, InMobi, the SoftBank-backed consumer technology company, announced a significant milestone in its growth journey. The company has suc...

Team FS      11/Sep/2024

Economy News

India's First Green Hydrogen Valley to Be Established in Pune by Gensol Engineering

India is poised to make a major leap in sustainable energy with the establishment of the country’s first Green Hydrogen Valley in Pune, Maharashtra,...

Team Finance Saathi      11/Sep/2024

Economy News

Maruti Suzuki to Export High-Spec EVs to Europe and Japan by 2030

Maruti Suzuki, India's largest car manufacturer, is making significant strides in the electric vehicle (EV) market, with plans to export high-specific...

Team Finance Saathi      11/Sep/2024

Economy News

Apple’s iPhone Exports from India Surge to $5 Billion in FY25's First Five Months

Apple's iPhone exports from India have experienced a remarkable surge in the first five months of FY25, reaching an impressive $5 billion. This marks ...

Team Finance Saathi      11/Sep/2024

Economy News

India and GCC Forge New Path with 2024-2028 Joint Action Plan

In a significant diplomatic development, India and the Gulf Cooperation Council (GCC) held their inaugural Foreign Ministers meeting in Riyadh, markin...

Team Finance Saathi      11/Sep/2024

Economy News

Expansion of Automobile Scrapping Centres

Union Minister for Road Transport & Highways, Mr. Nitin Gadkari, recently addressed the Society of Indian Automobile Manufacturers (SIAM) conventi...

Team Finance Saathi      11/Sep/2024

Economy News

India to Train 5,000 ‘Cyber Commandos’ in Five Years to Combat Cybercrime

Union Home Minister Mr. Amit Shah recently unveiled the ambitious ‘Cyber Commandos’ program aimed at training 5,000 specialists over the next five...

Team Finance Saathi      11/Sep/2024

Economy News

India Leads Global Hiring Sentiments for Q4 2024, Reveals ManpowerGroup Survey

According to the ManpowerGroup Employment Outlook Survey for Q4 2024, India has reported the strongest global hiring sentiments with a Net Employment ...

Team Finance Saathi      11/Sep/2024

Economy News

Indian Inflation to Remain Below RBI Target in August Amid Food Price Moderation

As India heads into August, consumer inflation is anticipated to stay below the Reserve Bank of India's (RBI) medium-term target of 4.0% for the secon...

Team Finance Saathi      10/Sep/2024

Economy News

FDI Soars 47.8% to $16.17 Billion in Q1 2024, Boosted by Economic Conditions

India's foreign direct investment (FDI) landscape has shown a remarkable surge, with FDI inflows jumping 47.8% to US$ 16.17 billion during the April-J...

Team Finance Saathi      10/Sep/2024

Economy News

India's EV Adoption Soars on World EV Day, Yet Growth Opportunities Remain

As the world celebrates World EV Day, India's journey toward electric vehicle (EV) adoption reflects both progress and the potential for substantial g...

Team Finance Saathi      10/Sep/2024

Economy News

Gold Jewellery Retail Revenue to Surge 22-25% This Fiscal, CRISIL Report Finds

The gold jewellery sector is witnessing a significant uptick in revenue, with CRISIL Ratings projecting an impressive growth rate of 22-25% for this f...

Team Finance Saathi      10/Sep/2024

Economy News

India's Agrochemical Exports to Hit Rs. 80,000 Crore by 2028, Report Reveals

India's agrochemical sector is poised for remarkable growth, with projections indicating that exports could exceed Rs. 80,000 crore (US$ 9.61 billion)...

Team Finance Saathi      10/Sep/2024

Economy News

Indian Automotive Industry Hits $238 Billion, Focuses on Local Production and Tech Growth

In the fiscal year 2024, the Indian automotive industry has achieved a remarkable milestone, surpassing the US$ 238.32 billion (Rs. 20 trillion) mark....

Team Finance Saathi      10/Sep/2024

Economy News

Motorola Razr 50 Launched in India: Foldable Display, Discounts, and Upcoming Edge 50 Neo

Motorola has officially launched the Razr 50 in India, a smartphone that highlights the company's commitment to innovative design and cutting-edge tec...

Team Finance Saathi      10/Sep/2024

Economy News

Apple AirPods Pro 2 and Apple Watch Series 10 Receive Major Health Updates

Apple has recently unveiled significant updates to its flagship products, the AirPods Pro 2 and the Apple Watch Series 10, focusing on advanced health...

Team Finance Saathi      10/Sep/2024

Economy News

Jabil Invests ₹2,000 Crore in New Electronics Facility in Tiruchirapalli

Jabil Inc., a global leader in electronics manufacturing services, has recently announced a substantial investment of ₹2,000 crore to establish a cu...

Team Finance Saathi      10/Sep/2024

Economy News

Chalet Hotels Limited Announces Resignation of Chief Operating Officer

Chalet Hotels Limited has officially announced the resignation of its Chief Operating Officer, Rajneesh Malhotra, effective October 31, 2024. This ann...

Team Finance Saathi      09/Sep/2024

Economy News

Huawei Mate XT Tri-Fold Smartphone Sees 2.7M Pre-Orders; Expands into Automotive Tech

Huawei's latest innovation, the Mate XT tri-fold smartphone, has garnered an exceptional response, with pre-orders exceeding 2.7 million units shortly...

Team Finance Saathi      09/Sep/2024

Economy News

Mumbai's Ray Road Flyover Nears Completion; Assam and Navi Mumbai Projects Progress

The Ray Road flyover, a crucial infrastructure project in Mumbai’s Harbour route, is making significant progress with 80% of its construction comple...

Team Finance Saathi      09/Sep/2024

Economy News

Oriana Power Secures ₹520 Crore Contract for 128 MW Solar Plant with Dalmia Cement

Oriana Power Limited has achieved a major milestone by securing a significant contract through its subsidiary Truere Surya Private Limited. The compan...

Team Finance Saathi      09/Sep/2024

Economy News

Suzlon Energy Bags Largest Wind Energy Order in India from NTPC Green Energy

Suzlon Energy Limited has achieved a major milestone in the Indian renewable energy sector by securing a landmark order for 1,166 MW of wind energy fr...

Team Finance Saathi      09/Sep/2024

Economy News

Apple’s 'Glowtime' Event Unveils iPhone 16, Apple Watch Ultra 2, and AirPods Max 2

On September 9, 2024, Apple is set to host its much-anticipated 'Glowtime' event, where it will unveil several groundbreaking products expected to mak...

Team Finance Saathi      09/Sep/2024

Economy News

India Hits Record High in Foreign Exchange Reserves as Global Economies Adjust Strategies

India has recently achieved a remarkable milestone in its economic trajectory with its foreign exchange reserves surging to a record high of $683.987 ...

Team Finance Saathi      07/Sep/2024

Economy News

India Tests Agni-IV Missile and Equips INS Arighat with K-4 Missiles: Strategic Defense Milestones

India has recently achieved a significant milestone in its strategic defense capabilities with the successful test launch of the Agni-IV Intermediate-...

Team Finance Saathi      07/Sep/2024

Economy News

SEBI Chairperson Madhabi Puri Buch Accused of Corruption: Protests and Investigation Loom

Madhabi Puri Buch, the chairperson of the Securities and Exchange Board of India (SEBI), is currently embroiled in a significant controversy involving...

Team Finance Saathi      07/Sep/2024

Economy News

BDO Resignation from Byju's Amid Insolvency: Financial Issues and Governance Challenges

BDO Global, the auditor for the Indian education technology company Byju's, has recently resigned amidst ongoing insolvency proceedings against the co...

Team Finance Saathi      07/Sep/2024

Economy News

GST Council Considers 18% Tax on Payment Aggregator Fees: Impact and Controversies

On September 9, 2024, the GST Council in India will deliberate on a significant proposal to impose an 18% Goods and Services Tax (GST) on the service ...

Team Finance Saathi      07/Sep/2024

Economy News

Bina Modi Faces Backlash Over Alleged Misuse of Family Trust in Godfrey Phillips Leadership

Bina Modi, the Managing Director of Godfrey Phillips, is currently at the center of a major controversy, facing accusations of misusing her family tru...

Team Finance Saathi      07/Sep/2024

Economy News

Bank of India Celebrates 119th Foundation Day: A Legacy of Trust and Innovation in Indian Banking

On September 7, 2024, Bank of India (BOI) celebrated its 119th Foundation Day, commemorating a remarkable legacy that began in 1906. Founded by a grou...

Team Finance Saathi      07/Sep/2024

Economy News

India's Solar Energy Revolution Shines at International Solar Festival 2024

The International Solar Festival 2024, held from September 5-6 in New Delhi, put a spotlight on India’s remarkable achievements in solar energy. Thi...

Team Finance Saathi      06/Sep/2024

Economy News

Amazon Projects Over $13 Billion in E-Commerce Exports from India by End of 2024

Amazon's e-commerce exports initiative, Amazon Global Selling, is on track to exceed US$ 13 billion in cumulative e-commerce exports from India by the...

Team FS      06/Sep/2024

Economy News

India’s First Export of Pomegranates to Australia Marks New Milestone for Agricultural Trade

The Agricultural and Processed Food Products Export Development Authority (APEDA) recently achieved a significant milestone by facilitating the inaugu...

Team FS      06/Sep/2024

Economy News

India’s Digital Payments Surge: UPI Transactions to Triple by FY29, Market Value to Reach $7 Trillio

India’s digital payments industry is experiencing an unprecedented surge, with transaction volumes growing by 42% year-over-year (YoY) in FY24, acco...

Team FS      06/Sep/2024

Economy News

India Targets 500 Million Tonnes Steel Production by 2034, Focuses on Decarbonization and Innovation

Union Minister of Commerce and Industry, Mr. Piyush Goyal, recently set an ambitious goal for India's steel industry: 500 million tonnes of steel prod...

Team FS      06/Sep/2024

Economy News

India’s Solar Capacity Surges 32-Fold: Leading the Global Renewable Energy Revolution

India has witnessed a remarkable surge in solar energy capacity, growing 32-fold in the past decade, as highlighted by Prime Minister Narendra Modi du...

Team FS      06/Sep/2024

Economy News

Indian Family Offices Surge: Managing Wealth, Investments, and Philanthropy

The rise of family offices in India has been nothing short of remarkable, with the number growing almost sevenfold from 45 in 2018 to 300 in 2024, acc...

Team FS      06/Sep/2024

Economy News

RBI Governor Shaktikanta Das Calls for Corporate Investment and Reforms to Boost India’s Growth

Reserve Bank of India (RBI) Governor Shaktikanta Das has called on the corporate sector to ramp up investments to bolster India's economic growth. Spe...

Team Finance Saathi       05/Sep/2024

Economy News

SBI Launches Redesigned FASTag for Faster Toll Payments and Improved Efficiency

The State Bank of India (SBI) has announced the launch of an enhanced FASTag design aimed at improving the toll payment experience for millions of com...

Team Finance Saathi       05/Sep/2024

Economy News

India Aims to Boost Spirits Exports to US$ 952.9 Million with New Global Push

India is set to make a significant leap in the global spirits market with ambitious plans to boost exports of both alcoholic and non-alcoholic beverag...

Team Finance Saathi       05/Sep/2024

Economy News

PM Narendra Modi’s Visit to Singapore Enhances Bilateral Ties and Semiconductor Partnership

Prime Minister Mr. Narendra Modi was warmly received by Prime Minister of Singapore, Mr. Lawrence Wong on his visit to Singapore, signifying a pivotal...

Team Finance Saathi       05/Sep/2024

Economy News

Hotel Investments in India Soar to US$ 93 Million in H1 2024, Upscale Segment Leads

India's hotel industry saw remarkable growth in the first half of 2024, with hotel investments reaching US$ 93 million, according to the latest report...

Team Finance Saathi       05/Sep/2024

Economy News

Indians' International Travel Surges 32% with UAE, Thailand, and USA Leading

India's international travel market has experienced a remarkable surge, with the number of Indians taking two or more international trips increasing b...

Team Finance Saathi       04/Sep/2024

Economy News

Maharashtra Tops India in Green Building Projects as Sustainability Gains Momentum

Maharashtra stands out as the leader in Indian Green Building Council (IGBC) registered projects, showcasing the state’s commitment to sustainable r...

Team Finance Saathi       04/Sep/2024

Economy News

UPI Becomes World's Top Alternative Payment Method with Record Transactions in 2023

The Unified Payments Interface (UPI) has cemented its position as the world's leading alternative payment method, achieving a remarkable 3,729.1 trans...

Team Finance Saathi       04/Sep/2024

Economy News

World Bank Ups India's Growth Forecast to 7% for FY25 Amid Infrastructure Boost

The World Bank has significantly raised its growth forecast for India, projecting an impressive 7% growth for the current financial year, up from a pr...

Team Finance Saathi       04/Sep/2024

Economy News

India's Economic Growth and Strategic Partnership with Singapore Highlighted

Long Description:As India prepares for its significant role on the global stage, the Indian economy is projected to grow at a robust 7% in FY25, despi...

Team Finance Saathi       04/Sep/2024

Economy News

GSTN Launches Invoice Management System to Streamline ITC Claims from October 1, 2024

Starting October 1, 2024, the Goods and Services Tax Network (GSTN) will launch the Invoice Management System (IMS) on its portal, marking a significa...

Team Finance Saathi       03/Sep/2024

Economy News

PM Modi's Historic Visit to Brunei Marks 40 Years of India-Brunei Diplomatic Ties

Prime Minister Narendra Modi has embarked on a historic and significant visit to Brunei Darussalam, marking the first-ever bilateral visit by an India...

Team Finance Saathi       03/Sep/2024

Economy News

Flexible Workspace Market Set to Peak in 2024 with Significant Growth in Tier II and III Cities

The flexible workspace sector is poised for unprecedented growth in 2024, with a forecasted peak in absorption rates driven by both domestic and forei...

Team Finance Saathi       03/Sep/2024

Economy News

PM Modi's Brunei and Singapore Visit: Strengthening Semiconductor and Defence Ties

Prime Minister Narendra Modi is set to undertake a significant diplomatic journey to Brunei and Singapore from September 3-5. This visit marks a notab...

Team Finance Saathi       03/Sep/2024

Economy News

India's Economy Projected to Grow 7% in FY25 Despite Q1 Slowdown to 6.7%

The Indian economy is on track for a 7% growth in FY25, despite experiencing a slowdown to 6.7% in the first quarter of FY25. This forecast, detailed ...

Team Finance Saathi       03/Sep/2024

Economy News

India's Ethanol Blending Program Saves $11.8 Billion, Aims for 20% by 2025

India's ethanol blending program has emerged as a significant success story, with the nation saving an impressive US$ 11.80 billion (Rs. 99,000 crore)...

Team Finance Saathi       03/Sep/2024

Economy News

India’s Water Storage Levels Surge: A Comprehensive Report for August 2024

The Central Water Commission (CWC) has released its latest report on India’s water storage levels as of August 29, 2024, revealing a significant imp...

Team FS      02/Sep/2024

Economy News

August 2024 GST Collections Surge to ₹1.75 Lakh Crore, Driven by Strong Domestic Demand

August 2024 GST collections have reached a new milestone, with gross revenues climbing to ₹1.75 lakh crore (US$ 20.98 billion), marking a robust 10%...

Team FS      02/Sep/2024

Economy News

PM Modi Hails Fintech Revolution for Transforming Financial Services in India

Prime Minister Narendra Modi delivered a compelling address at the Global Fintech Festival in Mumbai, underscoring the transformative impact of the fi...

Team FS      02/Sep/2024

Economy News

India's Electronics Exports Soar as Sector Surpasses $100 Billion Mark

India's electronics industry has emerged as a pivotal player in the global market, demonstrating remarkable growth and contributing significantly to t...

Team FS      02/Sep/2024

Economy News

Vistara Airlines to Cease Operations Under Its Brand on November 11: Transition to Air India

Vistara Airlines, the full-service carrier operating as a joint venture between Tata Group and Singapore Airlines, will cease its operations under its...

Team Finance Saathi       31/Aug/2024

Economy News

Aadhaar Card Update Deadline Approaches: Last Chance to Update Details for Free

The Unique Identification Authority of India (UIDAI) has set the final deadline for Aadhaar cardholders to update their details for free on September ...

Team Finance Saathi       31/Aug/2024

Economy News

India's Core Sector Sees 6.1% Growth in July, Highlighting Economic Resilience

India’s core sector exhibited a robust growth rate of 6.1% in July 2024, a significant rebound from the 4% growth recorded in June. This growth refl...

Team Finance Saathi       31/Aug/2024

Economy News

India’s UPI Surpasses Global Digital Payments with Record ₹81 Lakh Crore Transactions

India's Unified Payments Interface (UPI) has set a new global benchmark with a staggering ₹81 lakh crore in transactions for the period from April t...

Team Finance Saathi       31/Aug/2024

Economy News

India's Forex Reserves Surge to Record High of USD 681.688 Billion

In a significant boost to India's economic standing, the Reserve Bank of India (RBI) announced that the country's foreign exchange reserves surged by ...

Team Finance Saathi       31/Aug/2024

Economy News

Foreign Institutional Investors Pump Over $1.6 Billion into Indian Equities, Boosting Market Indices

Foreign Institutional Investors (FIIs) made substantial purchases of Indian equities, investing over US$ 1.6 billion between August 16 and 27, as repo...

Team Finance Saathi       30/Aug/2024

Economy News

Jio Platforms Reports 11.7% Profit Growth and Expands 5G and Broadband Services

Jio Platforms (JPL), the holding company for Jio and other digital ventures within the Reliance group, has solidified its position as one of India's t...

Team Finance Saathi       30/Aug/2024

Economy News

Moody's Upgrades India's Growth Forecast for 2024-2025; Fitch Reaffirms Sovereign Rating

In a notable update, Moody's Investors Service has significantly raised its growth projections for India, highlighting the nation's strong economic pe...

Team Finance Saathi       30/Aug/2024

Economy News

India Created a Billionaire Every 5 Days in 2023, Reveals Hurun India Rich List 2024

The Hurun India Rich List 2024 has unveiled that India created a new billionaire every five days in 2023, underscoring a dramatic surge in wealth and ...

Team Finance Saathi       30/Aug/2024

Economy News

India's Billionaire Count Soars to 334, Adani Overtakes Ambani as Richest, Mumbai Tops Beijing

The 2024 Hurun India Rich List reveals a remarkable surge in India's billionaire count, which has now reached 334. This significant increase reflects ...

Team Finance Saathi       30/Aug/2024

Economy News

PM Modi Reaffirms Jan Dhan's Role in Building a Developed India on 10th Anniversary

On the 10th anniversary of the Pradhan Mantri Jan Dhan Yojana (PMJDY), Prime Minister Narendra Modi highlighted the scheme's monumental impact on Indi...

Team Finance Saathi       29/Aug/2024

Economy News

India Accelerates Industrial Growth with Approval of 12 New Smart Cities Under NICDP

India is poised for a transformative leap in its industrial and economic landscape with the approval of 12 new project proposals under the National In...

Team Finance Saathi       29/Aug/2024

Economy News

India-Oman Free Trade Agreement in Advanced Stages: CEPA to Boost Bilateral Trade

Discussions for the proposed Free Trade Agreement (FTA) between India and Oman are progressing rapidly, with both sides optimistic about concluding th...

Team Finance Saathi       28/Aug/2024

Economy News

A Decade of Financial Empowerment: Celebrating 10 Years of Pradhan Mantri Jan Dhan Yojana (PMJDY

The Pradhan Mantri Jan Dhan Yojana (PMJDY), initiated on August 28, 2014, by Prime Minister Narendra Modi, stands as a landmark initiative in India's ...

Team Finance Saathi       28/Aug/2024

Economy News

India’s Tax Shift: Personal Income Tax Exceeds Corporate Tax Collections for the First Time

In a significant shift in India’s tax collection trends, personal income tax contributions have now surpassed corporate tax collections for the firs...

Team Finance Saathi       27/Aug/2024

Economy News

India Announces Ambitious Plan to Land Indian Astronaut on the Moon by 2040

India's first-ever National Space Day was marked by a historic celebration, underscoring the nation's remarkable achievements in space exploration and...

Team Finance Saathi       27/Aug/2024

Economy News

Mumbai's Prime Residential Prices See Second-Highest Global Rise in Q2 2024

In the bustling metropolis of Mumbai, India's commercial hub, the luxury real estate market has been making waves, with the city recording the second-...

Team Finance Saathi       27/Aug/2024

Economy News

RBI to Launch Unified Lending Interface (ULI) to Revolutionize India’s Lending Ecosystem

On August 26, 2024, the Reserve Bank of India (RBI) announced the forthcoming launch of the Unified Lending Interface (ULI), a groundbreaking digital ...

Team Finance Saathi       26/Aug/2024

Economy News

Indian Government Introduces Unified Pension Scheme, Replacing NPS with Guaranteed Benefits

In a significant policy shift, the Indian government has announced the introduction of the Unified Pension Scheme (UPS), replacing the existing Nation...

Team Finance Saathi       26/Aug/2024

Economy News

Government Slashes Gold Duty Drawback Rate: Key Changes and Impacts

The Indian government has announced a significant reduction in the gold duty drawback rate on August 23, 2023, just weeks after revising the import du...

Team Finance Saathi       24/Aug/2024

Economy News

India and U.S. Strengthen Strategic Defense Ties with New Agreements

India and the United States have taken a significant step forward in their strategic defense partnership with the signing of two critical agreements a...

Team Finance Saathi       24/Aug/2024

Economy News

Gold Prices Decline Amid Rising US Treasury Yields and Dollar Recovery

On Friday, August 23, gold prices in the national capital experienced a significant decline, dropping by ₹350 to reach ₹73,800 per 10 grams, accor...

Team FS      23/Aug/2024

Economy News

Karnataka Approves Rs 12,690 Crore Tunnel Road Project for Bengaluru

The Karnataka Cabinet has given the green light to a major infrastructure initiative in Bengaluru, approving the construction of an 18.5 km twin-tube ...

Team Finance Saathi       23/Aug/2024

Economy News

India Celebrates First National Space Day Honoring Chandrayaan-3's Historic Lunar Landing

On August 23, 2024, India observed its inaugural National Space Day, commemorating the remarkable achievement of Chandrayaan-3 landing near the Moon...

Team Finance Saathi       23/Aug/2024

Economy News

Government Plans $7.15 Billion Scheme to Upgrade Industrial Training Institutes (ITIs)

In a significant move towards enhancing vocational education and skills development in India, the government is set to roll out a new outcome-oriented...

Team Finance Saathi       23/Aug/2024

Economy News

India's Gold Loan Market to Reach $169 Billion by 2029: Growth, Challenges, and Future Trends

India's organized gold loan market is on a trajectory to double in size over the next five years, with its valuation expected to reach US$ 169.07 bill...

Team Finance Saathi       23/Aug/2024

Economy News

India Targets Doubling Trade with Africa to US$ 200 Billion by 2031: Key Sectors for Collaboration

Commerce and Industry Minister Mr. Piyush Goyal has set an ambitious target of doubling two-way trade between India and Africa to US$ 200 billion with...

Team Finance Saathi       22/Aug/2024

Economy News

India and Poland Strengthen Partnership with Social Security Agreement and Clean Energy Initiatives

Prime Minister Narendra Modi's recent visit to Poland marked a historic moment in India-Poland relations, as he became the first Indian Prime Minister...

Team Finance Saathi       22/Aug/2024

Economy News

RBI Governor Shaktikanta Das Secures 'A+' Rating Again, Joining Top Global Central Bankers

On August 21, 2024, Shaktikanta Das, Governor of the Reserve Bank of India (RBI), has been awarded an "A+" rating by Global Finance magazine for the s...

Team Finance Saathi       21/Aug/2024

Economy News

RBI Governor Shaktikanta Das Earns 'A+' Rating as Top Global Central Banker for 2024

On August 21, 2024, Shaktikanta Das, the Governor of the Reserve Bank of India (RBI), has once again been recognized as one of the leading central ban...

Team Finance Saathi       21/Aug/2024

Economy News

Top Investment Options for Senior Citizens on World Senior Citizen’s Day 2024

On World Senior Citizen’s Day 2024, it's important to focus on securing a stable and pleasant life for senior citizens through smart investment choi...

Team Finance Saathi       21/Aug/2024

Economy News

Decathlon to Invest €100 Million in India Over the Next Five Years, Doubling Retail Presence

Decathlon, the renowned French sports retailer, has unveiled ambitious plans to invest €100 million (approximately ₹933 crore) in India over the n...

Team Finance Saathi       21/Aug/2024

Economy News

Railway Board to Install AI-Enabled CCTV Cameras to Enhance Safety Amid Rising Rail Accidents

In response to the increasing number of rail accidents, the Railway Board has announced plans to install AI-enabled CCTV cameras on all locomotives an...

Team Finance Saathi       21/Aug/2024

Economy News

India and Malaysia Elevate Ties to Comprehensive Strategic Partnership, Sign 8 Key Agreements

India and Malaysia have taken a significant step in strengthening their bilateral relationship by elevating it to a Comprehensive Strategic Partnershi...

Team Finance Saathi       21/Aug/2024

Economy News

India Commits US$ 3.5 Million to Boost Trade and Capacity Building in Developing Nations

In a significant move to solidify its position as a leader among Global South nations, India has pledged US$ 3.5 million to assist developing countrie...

Team Finance Saathi       20/Aug/2024

Economy News

Amit Shah Unveils Rs 1,003 Crore Projects in Ahmedabad, Launches Nationwide Tree Plantation Drive

Union Home Minister and Minister of Cooperation Mr. Amit Shah made significant strides in his commitment to improving infrastructure and environmental...

Team Finance Saathi       20/Aug/2024

Economy News

India's FDI Inflows Surge by 46.8% in Q1 2024-25, Reaching US$ 6.9 Billion

India's foreign direct investment (FDI) landscape saw a significant boost in the first quarter of the 2024-25 financial year. According to the latest ...

Team Finance Saathi       20/Aug/2024

Economy News

Indian Carriers See 7.3% YoY Growth in July 2024 Passenger Traffic Despite Operational Challenges

In July 2024, Indian carriers demonstrated a notable performance by transporting over 12.9 million passengers, which represents a 7.3% increase compar...

Team Finance Saathi       20/Aug/2024

Economy News

PM Narendra Modi Highlights Space Sector as Pivotal for India's 'Developed India-2047' Vision

Prime Minister Narendra Modi recently reiterated the pivotal role that India's space sector will play in the nation's development trajectory, particul...

Team Finance Saathi       19/Aug/2024

Economy News

Assam Government Approaches Milestone with 1 Lakh Jobs Plan Nearing Completion

The Assam Government's ambitious 1 lakh job plan is nearing a significant milestone under the leadership of Chief Minister Himanta Biswa Sarma. In the...

Team Finance Saathi       13/Aug/2024

Economy News

IIT Madras Tops NIRF 2024 Rankings for Sixth Consecutive Year; IISc Bengaluru Named Best University

The Ministry of Education has unveiled the National Institutional Ranking Framework (NIRF) 2024, continuing its tradition of evaluating and ranking In...

Team Finance Saathi       13/Aug/2024

Economy News

India’s Consumer Electronics Market Sees 11% Growth in Value Amid Premiumization Trend in 2024

The consumer electronics sector in India has witnessed a remarkable shift towards premiumization during the first half of 2024. According to the lates...

Team Finance Saathi       13/Aug/2024

Economy News

Bangalore Tops APAC for Flexible Office Space, Delhi NCR in Second Place, Reveals CBRE Report

In a recent report by CBRE, Bangalore has emerged as the leading city in the Asia-Pacific (APAC) region for flexible office space, boasting an impress...

Team Finance Saathi       12/Aug/2024

Economy News

Union Cabinet Approves Construction of 20 Million New Rural Houses Under PMAY-Grameen

In a significant move aimed at enhancing rural housing infrastructure, the Union Cabinet has approved the construction of 20 million new houses under ...

Team Finance Saathi       12/Aug/2024

Economy News

Cross-Border UPI Payments in Nepal Exceed 100,000 Transactions Within 6 Months of Launch

In a groundbreaking development for cross-border digital payments, Nepal has surpassed 100,000 person-to-merchant (P2M) UPI transactions within just s...

Team Finance Saathi       12/Aug/2024

Economy News

India's New Policy: No Local Clinical Trials Needed for Drugs Approved Abroad

In a landmark decision aimed at enhancing access to cutting-edge medical treatments, the Indian government has announced a significant policy shift. T...

Team Finance Saathi       12/Aug/2024

Economy News

India's Top 7 Cities to See 12% Growth in Residential Sales in 2024-25: ICRA Report

India’s residential real estate market in the top 7 cities is poised for significant growth in the 2024-25 financial year, according to a recent rep...

Team Finance Saathi       08/Aug/2024

Economy News

Piyush Goyal Calls for Reevaluation of BIMSTEC Trade Priorities to Finalize Free Trade Agreement

In a pivotal address at the inaugural Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC) Business Summit, Union ...

Team Finance Saathi       08/Aug/2024

Economy News

India to Become Third-Largest Economy in Two Years: Vice President Dhankhar

India’s economic ascendance is gathering pace, as articulated by Vice President of India and Chairman of Rajya Sabha, Mr. Jagdeep Dhankhar, who decl...

Team Finance Saathi       08/Aug/2024

Economy News

India's Rice Exports and Fisheries Subsidies Agreement: Key Updates

India has reported non-basmati white rice exports totaling US$ 122.7 million for April-May 2024. This figure follows a trend of substantial rice expor...

Team Finance Saathi       07/Aug/2024

Economy News

India's Central Bank to Begin Easing Cycle with Projected 100 Basis Points Rate Cut by March 2026

India's central bank is set to embark on a monetary easing cycle, with expectations of a significant interest rate reduction starting in December 2024...

Team Finance Saathi       07/Aug/2024

Economy News

India’s Gold Industry Launches IAGES with WGC Support to Enhance Transparency and Trust

In a strategic move to bolster consumer confidence and address trust issues within the gold industry, India has launched a new self-regulatory organiz...

Team Finance Saathi       07/Aug/2024

Economy News

Union Minister Shivraj Singh Chouhan's Announcements: Investments and Vision for Agriculture

In a recent announcement, Union Minister for Agriculture and Farmers’ Welfare and Rural Development, Mr. Shivraj Singh Chouhan, detailed ambitious p...

Team Finance Saathi       07/Aug/2024

Economy News

Milestones Achieved Under Pradhan Mantri Jan Dhan Yojana (PMJDY) and Other Financial Inclusion Schem

The Pradhan Mantri Jan Dhan Yojana (PMJDY), a flagship initiative by the Government of India aimed at universal banking coverage, has achieved a major...

Team Finance Saathi       07/Aug/2024

Economy News

UPI Transactions Surge 36% in FY25 Q1; New Cardless Deposit Facility Announced

In the first quarter of FY25, Unified Payments Interface (UPI) transactions in India experienced significant growth, with the total transaction value ...

Team Finance Saathi       06/Aug/2024

Economy News

India Tops Global IPO Rankings: Sebi and NSE Announce Key Reforms and Milestones

India has secured the top position globally for the total number of Initial Public Offerings (IPOs) and issuances, as announced by Securities and Exch...

Team Finance Saathi       05/Aug/2024

Economy News

India's Seafood Exports Surge: Government Targets $7.86 Billion for 2024-25

India's seafood export industry has experienced remarkable growth, with exports rising from Rs 46,662.85 crore (US$ 6.62 billion) in the fiscal year 2...

Team Finance Saathi       05/Aug/2024

Economy News

Eknath Shinde Government Attracts Over ₹50,000 Crore in Investments for Maharashtra

The Eknath Shinde-led NDA government in Maharashtra has achieved a significant milestone by attracting investments exceeding ₹50,000 crore from prom...

Team Finance Saathi       03/Aug/2024

Economy News

UPI Transaction Volume Soars 45% Year-on-Year to Reach 14.44 Billion in July

India's Unified Payments Interface (UPI) has reported a remarkable 45% year-on-year growth in transaction volume for July 2024, reaching an impressive...

Team Finance Saathi      02/Aug/2024

Economy News

Moody’s Sees RBI’s New Liquidity Guidelines as Credit Positive Amid Surge in Digital Transactions

The Reserve Bank of India (RBI) has recently released draft guidelines aimed at enhancing banks' ability to manage liquidity amid the surge in digital...

Team Finance Saathi      02/Aug/2024

Economy News

GST Collections Surge by 10.3% in July, Driven by Domestic Transactions: A Detailed Analysis

According to official data released on Thursday, India's GST collections in July experienced a significant surge, rising by 10.3% to over ₹1.82 tril...

Team Finance Saathi      02/Aug/2024

Economy News

ITC Ltd Q1 FY25 Results Preview: Key Expectations and Insights

ITC Ltd, the diversified conglomerate with interests spanning hotels, cigarettes, and FMCG, is poised to announce its Q1 FY25 results today. The compa...

Team Finance Saathi       01/Aug/2024

Economy News

RITES Q1 Results: Significant Decline in Revenue and Profit

RITES announced its Q1 results on July 31, 2024, highlighting a 10.76% decrease in revenue YoY, bringing it down to ₹485.76 crore from ₹544.35 cro...

Team Finance Saathi       01/Aug/2024

Economy News

TCPL Packaging Q1 Results: Strong Year-on-Year Growth in Revenue and Profit

TCPL Packaging declared its Q1 results on July 30, 2024. The company showcased a 9.23% increase in topline revenue, reaching ₹X crore, up from ₹X ...

Team Finance Saathi      01/Aug/2024

Economy News

Elgi Equipments Q1 Results: 20.44% Profit Increase Year-on-Year Amid Quarterly Decline

Elgi Equipments declared its Q1 results on July 31, 2024. The company showcased a 10.66% increase in topline revenue, reaching ₹801.06 crore, up fro...

Team Finance Saathi      01/Aug/2024

Economy News

Cognizant Reports Q2 Growth Amid Challenging Market Conditions

Cognizant Technology Solutions Corp. reported better-than-expected growth for the June quarter, driven by improving business from financial institutio...

Team Finance Saathi      01/Aug/2024

Economy News

Government Announces 12 New Industrial Parks and Mega Textile Hubs to Boost Economic Growth

In a significant move to boost economic growth, the Indian government is setting up 12 new industrial parks and 5-6 mega textile parks. The announceme...

Team Finance Saathi      01/Aug/2024

Economy News

Ind-Ra Raises India's GDP Growth Forecast to 7.5% for FY25 Amid Improved Consumption Demand

In a positive revision, India Ratings & Research (Ind-Ra) has increased India's GDP growth forecast for the current fiscal year to 7.5%, up from t...

Team Finance Saathi      01/Aug/2024

Economy News

Airtel's Vision for India's $35 Trillion Economy by 2047: A 5G-Powered Digital Transformation

India’s ambitious goal of becoming a US$ 35 trillion economy by 2047 presents significant growth opportunities for Airtel, according to Chairman Mr....

Team FS      31/Jul/2024

Economy News

India and Japan Target US$ 42 Billion Investment by 2027: Key Takeaways from the Quad Meeting

External Affairs Minister Mr. S. Jaishankar, speaking in Tokyo after the Quadrilateral Security Dialogue (Quad) ministerial meeting, announced an ambi...

Team FS      31/Jul/2024

Economy News

PM Modi's Vision: India as a Developed Economy by 2047

Prime Minister Mr. Narendra Modi, in a post-budget interaction with industry executives, expressed strong confidence in India's economic future, proje...

Team FS      31/Jul/2024

Economy News

EU Proposes Alternative to Carbon Border Adjustment Mechanism for India Amid FTA Talks

New Delhi: During ongoing negotiations for a Free Trade Agreement (FTA) between India and the European Union (EU), a significant development has emerg...

Team Finance Saathi      30/Jul/2024

Economy News

Housr to Add 1,000 Beds in Major Indian Cities by 2025

Housr, a leading co-living operator, plans to add approximately 1,000 beds in cities such as Bangalore, Hyderabad, Chennai, and Vizag. This expansion ...

Team Finance Saathi      30/Jul/2024

Economy News

Hiring Surge in Power and Energy Sector Reflects India’s Green Commitment

According to a recent report, hiring activity in the power and energy sector surged by 9.01% in the first half of FY25 compared to the same period las...

Team Finance Saathi      30/Jul/2024

Economy News

Indian Professionals Rising in Global Capability Centres

Indian professionals have made significant strides in securing leadership positions within global capability centres (GCCs), holding approximately 10-...

Team Finance Saathi      30/Jul/2024

Economy News

D2C Brands Flourish in Offline Channels and Quick-Commerce Platforms Amidst Market Expansion

Over the past two years, approximately 150 to 200 direct-to-consumer (D2C) brands have diversified into new offline channels and quick-commerce platfo...

Team Finance Saathi      30/Jul/2024

Economy News

India's Post-Election Budget Aims for Fiscal Deficit Reduction Amid Coalition Demands: Fitch Ratings

Fitch Ratings announced that India's post-election budget confirms the new administration's commitment to reducing the fiscal deficit for FY25 and FY2...

Team Finance Saathi      29/Jul/2024

Economy News

Prime Minister Modi Calls for Collective Effort to Transform India into a Developed Nation by 2047

During the 9th NITI Aayog Governing Council meeting, Prime Minister Narendra Modi underscored the collective ambition of all Indians to transform Indi...

Team Finance Saathi      29/Jul/2024

Economy News

Digital Payments in India Surge by 12.6% YoY as RBI-DPI Hits 445.5

Digital payments across India have experienced a substantial rise, reflecting the country’s increasing shift towards online transactions. As of Marc...

Team Finance Saathi      29/Jul/2024

Economy News

Gold Prices Plummet by 7% After Government Cuts Basic Customs Duty

Gold prices have experienced a sharp decline of 7%, equivalent to Rs 5,000 per 10 grams, following the Indian government's decision to slash the basic...

Team Finance Saathi      26/Jul/2024

Economy News

Regional Print Media to See Significant Revenue and Profit Growth Amid Strong Advertising Demand

According to a Crisil report, regional print media companies are set to experience a notable 8-9% increase in revenue this fiscal year. This growth is...

Team Finance Saathi      26/Jul/2024

Economy News

Union Budget 2024-25: Major Boost for India’s Food Processing Industries

The Food Processing Industries have emerged as a crucial pillar of the Indian economy, making significant contributions to GDP, employment, and export...

Team Finance Saathi      26/Jul/2024

Economy News

India's Economic Activity Surges in July with Robust Growth in Services and Manufacturing

India's economic activity experienced a robust expansion in July 2024, primarily driven by the services sector and a slight uptick in manufacturing, a...

Team Finance Saathi      25/Jul/2024

Economy News

Modi Government's First Budget: Focus on Employment and Regional Development

The first budget of the Narendra Modi 3.0 government, presented by Finance Minister Nirmala Sitharaman on Tuesday, marks a strategic approach to addre...

Team Finance Saathi      24/Jul/2024

Economy News

Union Budget 2024-25: Fiscal Deficit Target Revised to 4.9%, Focus on Sustainable Growth

Union Minister of Finance and Corporate Affairs, Ms. Nirmala Sitharaman, announced a revised fiscal deficit target of 4.9% of Gross Domestic Product (...

Team Finance Saathi      24/Jul/2024

Economy News

Historic Achievement: Jal Jeevan Mission Provides Tap Water to 15 Crore Rural Households in India

The National Jal Jeevan Mission (JJM) has reached a monumental milestone by providing tap water connections to 15 crore rural households across India....

Team Finance Saathi      24/Jul/2024

Economy News

Union Budget 2024: ₹3 Trillion for Women's Workforce Initiatives, Including Hostels and Crèches

In a landmark move to enhance women’s workforce participation, Union Finance Minister Nirmala Sitharaman has announced an unprecedented ₹3 trillio...

Team Finance Saathi      23/Jul/2024

Economy News

Union Government Proposes ₹26,000 Crore for Major Road Projects in Bihar

In a significant move to boost infrastructure and regional development in Bihar, the Union government has proposed an investment of ₹26,000 crore fo...

Team Finance Saathi      23/Jul/2024

Economy News

Income Tax Budget 2024: Nirmala Sitharaman’s Key Announcements and Impacts

The Income Tax Budget 2024 delivered by Union Finance Minister Nirmala Sitharaman marks a pivotal moment for India's economic landscape. Presented aga...

Team Finance Saathi      23/Jul/2024

Economy News

Study Reveals Hidden Tax Burden: Inflation Adjusted Tax Rates Hit 58% for Indian Taxpayers

A recent study conducted by the online financial products marketplace BankBazaar.com reveals a concerning trend for Indian taxpayers: as much as 58% t...

Team Finance Saathi      23/Jul/2024

Economy News

Economic Survey 2023-24: India's Growth in Patents and Start-Ups Showcases Innovation Economy

The Economic Survey 2023-24, presented today by Union Minister of Finance and Corporate Affairs, Ms. Nirmala Sitharaman, underscores the robust growth...

Team Finance Saathi      23/Jul/2024

Economy News

Economic Survey Highlights MSME Sector's Vital Role and India's Aatmanirbhar Vision

The Economic Survey 2023-24 tabled by Union Minister of Finance and Corporate Affairs, Ms. Nirmala Sitharaman, underscores the significant contributio...

Team Finance Saathi      23/Jul/2024

Economy News

India Ranks Third Globally in Forest Area Gains from 2010 to 2020

India has made significant strides in forest conservation and reforestation over the past decade, according to a recent report by the Food and Agricul...

Team Finance Saathi      23/Jul/2024

Economy News

Union Budget 2024: Expectations for Significant Tax Reliefs and Economic Growth

On Tuesday, July 23, 2024, Finance Minister Nirmala Sitharaman will present the Union Budget 2024, marking the first budget of the newly elected gover...

Team Finance Saathi      22/Jul/2024

Economy News

Over 77% of Indian Startups Embrace AI, ML, IoT, and Blockchain Technologies

In a landscape marked by rapid technological advancement and innovation, a recent report by SAP India, in collaboration with Dun & Bradstreet, rev...

Team Finance Saathi      22/Jul/2024

Economy News

Overseas Indians Surge NRI Deposits to Nearly $3 Billion in April-May FY25

In a remarkable show of financial confidence, overseas Indians deposited nearly US$ 3 billion into various non-resident Indian (NRI) deposit schemes d...

Team Finance Saathi      22/Jul/2024

Economy News

Union Minister Launches Second Phase of KIRTI Program to Identify Rising Sports Talent

On a momentous day for Indian sports, Union Minister for Youth Affairs & Sports and Labour & Employment, Dr. Mansukh Mandaviya, launched the s...

Team Finance Saathi      22/Jul/2024

Economy News

Housing Prices Surge by Up to 94% in India's Tier II Markets Over Four Years

Housing prices in India's top 30 Tier II markets have experienced a significant surge over the past four years, according to a recent report by PropEq...

Team Finance Saathi      19/Jul/2024

Economy News

GenZ and Millennials Propel Growth in India's Digital Lending Sector, Forecasted to Reach 5% of Reta

GenZ and millennials are driving significant growth in India's digital lending sector, reshaping the landscape of retail credit. According to Redseer ...

Team Finance Saathi      18/Jul/2024

Economy News

Nomura Forecasts Positive Trends in Housing Loan Market Amid Demographic and Economic Growth

Nomura's recent analysis highlights a convergence of several factors that are expected to shape the housing loan landscape positively in the coming ye...

Team Finance Saathi      18/Jul/2024

Economy News

Government's Strong Financial Position Paves Way for Increased Capital Investments

Amidst positive economic indicators, Anant Goenka, Vice President of FICCI and Vice Chairman of the RPG Group, commended the Narendra Modi government'...

Team FS      17/Jul/2024

Economy News

Andhra Pradesh Extends Open Invitation to NASSCOM Amidst Karnataka's Local Quota Bill Concerns

Amidst growing tensions over Karnataka's proposed local quota Bill, Andhra Pradesh's Minister Nara Lokesh has extended a warm invitation to NASSCOM, u...

Team FS      17/Jul/2024

Economy News

Asian Development Bank Projects 7% GDP Growth for India in FY25 Amid Agricultural Rebound

The Asian Development Bank (ADB) has officially maintained its forecast for India’s GDP growth at 7% for FY25, attributing this projection primarily...

Deepanshu Jain      17/Jul/2024

Economy News

Government Measures and Retail Strategies Address Divergence in Pulse Prices

In recent developments affecting India's pulse market, the Department of Consumer Affairs has noted a significant divergence between wholesale and ret...

Team FS      16/Jul/2024

Economy News

India Signs MoU to Fund Community Development Projects in the Marshall Islands

External Affairs Minister Mr. S. Jaishankar underscored the themes of solidarity and cooperation while signing a Memorandum of Understanding (MoU) for...

Team Finance Saathi      16/Jul/2024

Economy News

India's Outward FDI Commitments Surge to US$ 2.14 Billion in June 2024

In June 2024, India’s outward foreign direct investment (FDI) commitments saw a substantial increase, reaching US$ 2.14 billion, up from US$ 1.14 bi...

Team Finance Saathi      16/Jul/2024

Economy News

India’s Merchandise Exports See a 2.55% Growth in June 2024

In June 2024, India witnessed a 2.55% growth in merchandise exports, reaching US$ 35.20 billion compared to US$ 34.32 billion in June 2023. This growt...

Team Finance Saathi      16/Jul/2024

Economy News

Assam to Get 563.67 km of New Roads and 14 Bridges Under PMGSY-III

The Ministry of Rural Development has given the green light for an extensive infrastructure development plan in Assam, sanctioning 78 roads covering 5...

Team Finance Saathi      15/Jul/2024

Economy News

RBI Governor Advocates for India's Credit Rating Upgrade Amid Strong Economic Performance

The Reserve Bank of India (RBI) Governor, Mr. Shaktikanta Das, has called for a much-needed credit rating upgrade for India, emphasizing the country's...

Team Finance Saathi      15/Jul/2024

Economy News

PM Narendra Modi Unveils Vision for Maharashtra: 8 Crore Jobs and Rs. 29,000 Crore in Infrastructure

Prime Minister Mr. Narendra Modi, addressing an event in Mumbai's Goregaon suburb, shared significant insights from a recent RBI report revealing the ...

Team Finance Saathi      15/Jul/2024

Economy News

India's Digital Payment Boom: Transactions Expected to Double to $7 Trillion by 2030

India's digital payment sector is on the brink of a significant transformation. A recent joint study conducted by Kerney and Amazon Pay projects that ...

Team Finance Saathi      15/Jul/2024

Economy News

India’s Wholesale Inflation Reaches 16-Month High of 3.36% in June

In June 2024, India's wholesale inflation, measured by the Wholesale Price Index (WPI), surged to a 16-month high of 3.36% on an annual basis, up from...

Deepanshu Jain      15/Jul/2024

Economy News

SBI Increases Loan Interest Rates by Up to 10 Basis Points, Effective July 15, 2024

The State Bank of India (SBI) has announced a hike in its loan interest rates, effective from July 15, 2024. This move sees the bank increasing its ma...

Deepanshu Jain      15/Jul/2024

Economy News

Net Direct Tax Collection Surges 19.5% to ₹5.74 Lakh Crore in FY25: Income Tax Department

Net Direct Tax Collection Surges 19.5% to ₹5.74 Lakh Crore in FY25: Income Tax DepartmentThe latest data released by the Income Tax (I-T) Department...

Deepanshu Jain      13/Jul/2024

Economy News

India's Forex Reserves Hit Record High of $657.2 Billion as of July 5th, 2024

As of July 5th, 2024, foreign exchange reserves held by the Reserve Bank of India (RBI) soared to a record high of $657.2 billion. This remarkable inc...

Team FS      12/Jul/2024

Economy News

India's Annual Consumer Inflation Rate Rises to 5.08% in June 2024

The annual consumer inflation rate in India climbed to 5.08% in June 2024, up from 4.75% in the previous month. This increase surpassed market expecta...

Team FS      12/Jul/2024

Economy News

Surge in Demat Accounts Reaches 16.2 Crore in June 2024 Amid Strong Investor Confidence

In a significant milestone for India's financial markets, Demat accounts soared to 16.2 crore in June 2024, marking a notable increase driven by the a...

Team Finance Saathi      12/Jul/2024

Economy News

India Surpasses China in Billion-Dollar Realty Companies: Hurun Research Report

India has achieved a remarkable milestone in the global real estate sector by surpassing China in the number of billion-dollar real estate companies o...

Team Finance Saathi      12/Jul/2024

Economy News

Expanded Access to Foreign Currency Accounts at GIFT City Boosts Indian Investment Opportunities

Gujarat International Finance Tec-City (GIFT City), established in 2011 by Prime Minister Mr. Narendra Modi, has emerged as a significant financial hu...

Team Finance Saathi      12/Jul/2024

Economy News

GeM Platform Surpasses US$ 14.85 Billion in Q1 FY25, Poised to Become World's Largest Procurement Pl

he Government e-Market (GeM) platform has achieved a significant milestone in the first quarter of the 2024-25 fiscal year, with procurement activitie...

Team Finance Saathi      12/Jul/2024

Economy News

Transforming India's Temples into Green Sanctuaries: From Floral Waste to Wealth

India is taking significant strides towards sustainability by advancing a circular economy that converts waste into wealth, with temples playing a piv...

Team Finance Saathi      11/Jul/2024

Economy News

Prime Minister Modi's Historic Visit to Austria Strengthens Bilateral Ties and Shared Democratic Val

Prime Minister Mr. Narendra Modi emphasized the strength of the India-Austria friendship, anticipating it will grow stronger. He arrived in Austria fr...

Team Finance Saathi      11/Jul/2024

Economy News

India Witnesses Explosive Job Growth with 125 Million Jobs Created from 2014 to 2023: SBI Report

India has witnessed a remarkable surge in job creation over the last decade, according to a recent report by the State Bank of India (SBI). The report...

Team Finance Saathi      11/Jul/2024

Economy News

Moody's Forecasts India's GDP Growth at 6.8% for 2024, Moderation to 6.5% in 2025

Moody's has maintained its GDP growth forecast for India at 6.8% for 2024, with a slight moderation to 6.5% expected in 2025. The agency attributes th...

Team Finance Saathi      10/Jul/2024

Economy News

PM Modi Highlights India's Decade of Transformation and Future Ambitions to Global Indian Diaspora

India is undergoing a transformation, and the pace of development over the past ten years has taken the world by surprise, said Prime Minister Mr. Nar...

Team Finance Saathi      10/Jul/2024

Economy News

India Achieves Robust Job Growth with 46.7 Million New Jobs in FY 2023-24

India's central bank announced a remarkable achievement in job creation for the fiscal year ending March 2024. The country added 46.7 million new jobs...

Team Finance Saathi      09/Jul/2024

Economy News

GST Revenue Hits Record High Ahead of Union Budget 2024-25, Bolstering Government Coffers

Over the years, the Goods and Services Tax (GST) has remained a focal point in India's economic discussions. As Union Finance Minister Nirmala Sithara...

Team FS      08/Jul/2024

Economy News

Challenger Brands Surpassing Giants: The Rise of Mid-Sized Companies in India

In recent years, India's retail sector has witnessed a paradigm shift driven by the rise of mid-sized challenger brands. Saurabh Mukherjea, Managing D...

Team FS      08/Jul/2024

Economy News

India's PLI Scheme Set for Overhaul: New Sectors, Quarterly Disbursements, and Expansion Plans

India's Production Linked Incentive (PLI) scheme, launched in 2020, is undergoing significant changes aimed at broadening its impact across various in...

Team FS      08/Jul/2024

Economy News

Bengaluru Leads India in EV Adoption: Insights into the City's Electric Vehicle Revolution

Bengaluru, India's tech capital, is at the forefront of the country's electric vehicle (EV) revolution, surpassing major metropolitan cities like Delh...

Team FS      08/Jul/2024

Economy News

India's Tea Prices Surge as Weather Woes and Bans Disrupt Production

India's tea industry is facing unprecedented challenges as extreme weather events and regulatory changes disrupt production and impact prices. Accordi...

Team FS      08/Jul/2024

Economy News

India-Dedicated Fund Flows Hit 12-Week Low Amidst ETF Outflows, Despite Strong Long-Only Inflows

The latest data from EPFR's Fund Flows and Allocations reveals a notable slowdown in India-dedicated fund flows, which hit a 12-week low of $153 milli...

Team FS      08/Jul/2024

Economy News

Ashwini Vaishnaw Announces Major Expansion in Railway Sector with 12,500 New Coaches and 50 Amrit Bh

The Indian railway sector is poised for a significant expansion, as announced by Railway Minister Ashwini Vaishnaw. In a comprehensive update on the f...

Team FS      06/Jul/2024

Economy News

India's Ambitious Plans for 2025: Human Spaceflight and Deep-Sea Missions Announced

India is poised to make groundbreaking advancements in space and marine exploration by 2025, as announced by Union Minister of State for Science and T...

Team Finance Saathi      05/Jul/2024

Economy News

UPI Makes a Grand Entrance at Galeries Lafayette in Paris, Elevating Global Digital Payments

The Unified Payments Interface (UPI) has achieved a remarkable milestone by extending its services to the prestigious Galeries Lafayette flagship stor...

Team Finance Saathi      05/Jul/2024

Economy News

Indian Rupee Near 83.5 per USD Amid Fed Rate Cut Expectations and Asian Currency Pressures

The Indian rupee has been trading around 83.5 per USD, showing signs of recovery after testing a record low of 83.7 in late June. This recovery comes ...

Team FS      04/Jul/2024

Economy News

Indian 10-Year Government Bond Yield Drops Below 7% Amid Strong Growth and Foreign Demand

The yield on the Indian 10-year government bond dropped to below 7% in July, marking the lowest point in a week and showcasing the bullish momentum fo...

Team FS      04/Jul/2024

Economy News

Government Increases Healthcare Budget by 14%, Yet Experts Call for Greater Investment and Reforms

In the interim budget for 2024-25 presented in February, Finance Minister Nirmala Sitharaman announced a 14% increase in the government's allocation t...

Team FS      04/Jul/2024

Economy News

Top 18 Indian States' Revenues to Surge by 8-10% This Fiscal Year: CRISIL Report

The revenues of the top 18 states in India, which collectively account for 90% of the country's gross state domestic product (GSDP), are projected to ...

Team Finance Saathi      04/Jul/2024

Economy News

Indians Flock to Luxury Travel Abroad, Elevating Spending on Premium Experiences

In recent years, Indian travelers have increasingly embraced luxury travel experiences abroad, demonstrating a notable rise in expenditures on premium...

Team Finance Saathi      03/Jul/2024

Economy News

India Strengthens Ties with Africa and Latin America to Secure Critical Minerals

India has embarked on a strategic mission to secure critical mineral resources by forging stronger ties with countries across Africa and Latin America...

Team Finance Saathi      03/Jul/2024

Economy News

India's Commerce Ministry to Address Non-Tariff Barriers Faced by Exporters

India's Commerce Ministry is taking significant steps to support the country's exporters by developing a new platform designed to register and address...

Team Finance Saathi      03/Jul/2024

Economy News

Indian Fast Fashion Industry Poised to Hit US$ 50 Billion by FY31: Redseer Report

The Indian fast fashion industry is undergoing a remarkable transformation, with projections indicating it will expand into a colossal US$ 50 billion ...

Team Finance Saathi      03/Jul/2024

Economy News

NITI Aayog Sets Framework for India's Net-Zero Economy by 2070

NITI Aayog, India’s premier policy think tank, has taken a decisive step towards steering the country’s transition to a net-zero economy b...

Team FS      01/Jul/2024

Economy News

NHPC and ENGIE Secure 200 MW Solar Projects in Gujarat

NHPC, a state-owned enterprise, and ENGIE, a global energy solutions provider, have inked significant Power Purchase Agreements (PPAs) with Gujarat Ur...

Team FS      01/Jul/2024

Economy News

SEBI Simplifies Procedures for Foreign Investors in Indian Sovereign Debt

India’s Securities and Exchange Board of India (SEBI) is actively engaged in simplifying procedures for foreign investors targeting Indian sover...

Team FS      01/Jul/2024

Economy News

India to Incentivize Local Manufacturing of GLP-1 Drugs for Diabetes and Obesity

India is set to introduce incentives to promote local manufacturing of GLP-1 drugs, primarily used for treating diabetes and obesity. Originally appro...

Team FS      01/Jul/2024

Economy News

India's Textile Exports Surge to US$ 5.86 Billion in FY25 First Two Months

India's textile exports have shown robust growth in the first two months of FY25, reaching US$ 5.86 billion, marking a 5.4% increase from the same...

Team FS      01/Jul/2024

Economy News

Jaipur Rugs Expands Global Presence with New London Showroom and International Stores

Jaipur Rugs, renowned for its exquisite hand-knotted rugs and carpets, has embarked on an ambitious expansion plan to enhance its global footprint. Re...

Team Finance Saathi      28/Jun/2024

Economy News

Rising Spending Trends in Non-Metro India During 2024 Cricket Season

The 2024 summer cricket season in India has not only been a thrilling spectacle on the field but has also witnessed remarkable shifts in consumer spen...

Team Finance Saathi      28/Jun/2024

Economy News

RBI's 29th Financial Stability Report Reveals Strong Performance and Resilience of Indian Banks

In its 29th Financial Stability Report, the Reserve Bank of India (RBI) highlighted significant improvements and robust performance metrics for Indian...

Team Finance Saathi      28/Jun/2024

Economy News

India Surpasses Brazil and Indonesia to Become the Third-Largest Domestic Aviation Market

India has recently made a significant leap in the global aviation industry, surpassing Brazil and Indonesia to become the third-largest domestic aviat...

Team Finance Saathi      28/Jun/2024

Economy News

RBI to Extend Currency Swap Arrangements for US Dollar and Euro, Including SAARC Member Countries

The Reserve Bank of India (RBI) has announced its decision to sustain currency swap arrangements for US dollars and euros through separate windows wit...

Team FS      27/Jun/2024

Economy News

Government Set to Announce 50,000 MW Transmission Projects in Budget, Special Package for Northeast

As part of its upcoming budget plans, the government is poised to announce ambitious measures aimed at bolstering India's energy infrastructure. A...

Team FS      27/Jun/2024

Economy News

Credit Card Circulation and Spending Surge in May 2024, Led by HDFC Bank

The rise in the number of credit cards can be attributed to several factors. Firstly, the expansion of financial services into rural and semi-urban ar...

Team Finance Saathi      27/Jun/2024

Economy News

Office Space Leasing Rises 8% in Major Indian Cities in Q2 2024

The office space leasing market in India has shown robust growth, rising by 8% annually during the April-June quarter of 2024. According to a recent r...

Team Finance Saathi      27/Jun/2024

Economy News

Indians Abroad Send Record US$ 107 Billion in Remittances in FY24

In the financial year 2024 (FY24), Indians residing abroad sent an unprecedented US$ 107 billion in remittances to their families in India. This miles...

Team Finance Saathi      27/Jun/2024

Economy News

Gujarat's GIFT City to Launch Real-Time Dollar Settlement by 2025

Gujarat's GIFT City, under the auspices of Prime Minister Mr. Narendra Modi's flagship initiatives, is gearing up to revolutionize financial t...

Team FS      26/Jun/2024

Economy News

India's Nuclear Power Capacity to Surge by 70% by 2029: Minister Jitendra Singh

India's nuclear energy sector is poised for significant growth, as announced by Union Minister Dr. Jitendra Singh during a recent high-level meeti...

Team FS      26/Jun/2024

Economy News

Electric Car Sales Surge in India, SUVs Lead Market Growth: CareEdge Report

The latest CareEdge Rating report forecasts robust growth in India's automotive sector for FY25, with notable shifts in both electric vehicle adop...

Team FS      26/Jun/2024

Economy News

Ladakh Achieves Full Functional Literacy Milestone with ULLAS Program

Ladakh recently marked a significant educational milestone with its declaration as achieving full functional literacy, boasting a remarkable literacy ...

Team FS      26/Jun/2024

Economy News

India's Current Account Surplus in FY24: Key Insights and Future Outlook

India's economic landscape saw a notable shift in the fiscal year 2023-24 (FY24) with the country's current account balance swinging to a surp...

Team Finance Saathi      25/Jun/2024

Economy News

Rural India Surges: FMCG Sales Set to Outpace Urban Markets in 2024 Q2

Rural India's influence on the fast-moving consumer goods (FMCG) sector is undergoing a significant transformation, as highlighted in Kantar's...

Team Finance Saathi      24/Jun/2024

Economy News

India's Economy Shift: Formalization Trends and Implications Revealed

India's economic landscape has undergone significant changes between FY16 and FY23, as highlighted in the recent report by the State Bank of India...

Team Finance Saathi      24/Jun/2024

Economy News

India's Export Outlook and Policy Updates: What to Expect in FY25

India's export landscape for the fiscal year 2024-25 (FY25) presents a dynamic scenario with evolving policies and projections. The Directorate Ge...

Team Finance Saathi      24/Jun/2024

Economy News

India's Advertising Market to Soar 11.8% in 2024, Driven by Robust Digital Media Growth

India's advertising market is set to experience significant growth, expanding by 11.8% to reach US$ 14.75 billion (Rs. 1,22,155 crore) in 2024, ac...

Team Finance Saathi      24/Jun/2024

Economy News

India's Startup Ecosystem: Challenges and Triumphs in 2024

In 2024, India's startup ecosystem continues to evolve dynamically, marked by both successes and challenges. The Hurun India Future Unicorn Index ...

Team FS      21/Jun/2024

Economy News

EPFO Reports Record Net Addition of 18.92 Lakh Members in April 2024, Marking Highest Monthly Increa

The latest provisional payroll data released by the Employees' Provident Fund Organisation (EPFO) on June 20, 2024, underscores a robust resurgenc...

Team FS      21/Jun/2024

Economy News

Peak XV Partners Leads as Top Investor in India's Booming Startup Ecosystem

In an era marked by rapid technological advancements and entrepreneurial spirit, India's startup ecosystem has witnessed unprecedented growth. Acc...

Team Finance Saathi      21/Jun/2024

Economy News

India's Deeptech Boom: Over 480 Startups Launched in 2023, AI Leading the Way

India has cemented its place as a major player in the global deeptech ecosystem, now home to over 3,600 startups in this cutting-edge sector. Accordin...

Team Finance Saathi      21/Jun/2024

Economy News

RBI Governor Shaktikanta Das Emphasizes Vigilance in Financial Sector Amid Global Banking Failures

In a keynote speech at the second global conference on financial resilience, organized by the College of Supervisors in Mumbai, Reserve Bank of India ...

Team FS      20/Jun/2024

Economy News

Indian Rupee Weakens Past 83.6 per USD Amid Asian Currency Market Turmoil

In June 2024, the Indian rupee weakened past 83.6 per USD, retesting record lows amid a challenging economic environment characterized by broad-based ...

Team FS      20/Jun/2024

Economy News

India Achieves Record Seafood Export Volume in FY24 Despite Market Challenges

India’s seafood industry marked a significant milestone in the fiscal year 2023-24 (FY24), achieving an all-time high in export volumes despite ...

Team Finance Saathi      20/Jun/2024

Economy News

India Reaffirms 'Neighbourhood First' Policy with Jaishankar's Sri Lanka Visit

External Affairs Minister S. Jaishankar is set to visit Sri Lanka on Thursday, marking his first bilateral visit to any foreign country in his second ...

Team Finance Saathi      19/Jun/2024

Economy News

Adani Power Limited (APL): Doubling Generation Capacity by 2030

Adani Power Limited (APL) continues to solidify its position as India's largest private thermal power producer with a strategic focus on expanding...

Team FS      19/Jun/2024

Economy News

India’s Seafood Exports Hit Record High in 2023-24, USA and China Top Importers

India's seafood exports soared to a historic high during the financial year 2023-24, driven by robust demand from the USA and China. According to ...

Team FS      19/Jun/2024

Economy News

Jal Jeevan Mission: Transforming Rural India with Tap Water Connections

The Jal Jeevan Mission has emerged as a pivotal initiative in India's efforts to ensure access to safe drinking water for all rural households by ...

Team Finance Saathi      19/Jun/2024

Economy News

Government Plans to Boost Middle-Class Spending by Lowering Personal Income Tax Rates

Government Plans to Boost Middle-Class Spending by Lowering Personal Income Tax Rates In an effort to boost the country's impressive GDP growth...

CA Abhay Varn      18/Jun/2024

Economy News

CRISIL Predicts 4.5% Inflation for FY 2024 Amidst Expected Normal Monsoon and Easing Food Prices

CRISIL's forecast of 4.5% inflation for FY 2024 reflects a nuanced understanding of various economic factors at play. The expectation of a normal ...

Team Finance Saathi      18/Jun/2024

Economy News

India's Exports Surge by 9.1% in May Amidst Rising Imports and Expanding Trade Deficit

India's merchandise exports saw a significant boost in May 2024, increasing by 9.1% compared to the same month last year. According to government ...

Team Finance Saathi      18/Jun/2024

Economy News

India's Strategic Shift: Cutting Coal Imports to Boost Domestic Production

India, the world’s second-largest coal consumer, is making significant strides towards reducing its reliance on imported coal and enhancing dome...

Team Finance Saathi      14/Jun/2024

Economy News

How Delhi-NCR Restaurants Are Coping with a Heatwave Slump in Business

The summer of 2024 has proven to be exceptionally challenging for non-mall restaurants across Delhi-NCR, as soaring temperatures exceeding 40 degrees ...

Team FS      13/Jun/2024

Economy News

India's Palm Oil Imports Surge 74% in May Amid Rising Domestic Demand

In a significant development for the vegetable oil market, India's palm oil imports witnessed a dramatic increase of 74% in May, reaching 7,63,300...

Team FS      13/Jun/2024

Economy News

Retail Inflation Drops to 12-Month Low at 4.75% in May

Retail inflation in India has shown a significant easing trend, reaching a 12-month low of 4.75% in May 2024, according to data released by the Nation...

Team Finance Saathi      13/Jun/2024

Economy News

Tata Communications Partners with World Athletics for Premier Event Coverage

Tata Communications has secured a pivotal role in the realm of sports broadcasting through a comprehensive agreement with World Athletics. This landma...

Team Finance Saathi      13/Jun/2024

Economy News

India Leads APAC with 8% Surge in Technology Spending, Paving the Way for Digital Transformation

India is set to lead the Asia Pacific (APAC) region in technology spending growth this year, according to Forrester’s ‘Asia Pacific Tech M...

Team Finance Saathi      13/Jun/2024

Economy News

IPL Valuation Soars to $16.4 Billion, Fueled by Media and Sponsorship Deals

The Indian Premier League (IPL) continues to solidify its position as one of the most valuable sports leagues globally. According to the 2024 IPL Bran...

Team Finance Saathi      13/Jun/2024

Economy News

Survey Highlights Alarming Burnout Rates Among Indian Employees, Stresses Workplace Inclusion

A recent survey conducted by Boston Consulting Group (BCG) has shed light on the alarming prevalence of burnout among Indian employees. According to t...

Team FS      11/Jun/2024

Economy News

Indian Rupee Hits Record Closing Low Despite Central Bank Intervention

The Indian rupee witnessed a slight weakening on Tuesday, ending at a record closing low despite intermittent dollar selling intervention by the centr...

Team FS      11/Jun/2024

Economy News

YEIDA Plans New City Development Near Noida International Airport

The Yamuna Expressway Industrial Development Authority (YEIDA) has announced its ambitious plans to develop a new city near the upcoming Noida Interna...

Team FS      11/Jun/2024

Economy News

RBI Extends Operational Restrictions on National Mercantile Co-operative Bank Ltd

In a move aimed at maintaining the stability and oversight of banking operations, the Reserve Bank of India (RBI) has announced an extension of the op...

Team FS      10/Jun/2024

Economy News

Government Mulls Increased Budget Allocation for Startups to Foster Innovation

In a bid to stimulate innovation and entrepreneurship across the country, the Commerce and Industry Ministry is gearing up to propose increased fundin...

Team FS      10/Jun/2024

Economy News

India Unveils $500 Billion Investment Opportunities in Clean Energy by 2030

The Indian Commerce Ministry has spotlighted substantial investment opportunities in the country, amounting to over US$ 500 billion by 2030. This anno...

Team finance Saathi      07/Jun/2024

Economy News

India Unveils $500 Billion Clean Energy Investment at Inaugural IPEF Clean Economy Forum

The inaugural Indo-Pacific Economic Framework for Prosperity (IPEF) Clean Economy Investor Forum recently showcased India's significant strides to...

Team finance Saathi      07/Jun/2024

Economy News

SEBI Issues Administrative Warning to ICICI Bank Over Inappropriate Delisting Outreach

The Securities and Exchange Board of India (SEBI) has recently issued an administrative warning to ICICI Bank, highlighting concerns over the bank'...

Team FS      06/Jun/2024

Economy News

ECB Cuts Rates Amid Ongoing Battle with Persistent Inflation

The European Central Bank (ECB) has taken a significant step by cutting its deposit rate to 3.75% from a record high of 4.0%. This move, announced on ...

Team FS      06/Jun/2024

Economy News

Muthoot Microfin Partners with SBI for Strategic Co-Lending to Boost Rural Women's Entrepreneurship

In a significant development for the microfinance sector, Muthoot Microfin, a leading microfinance institution based in Kochi, has announced a strateg...

Team FS      06/Jun/2024

Economy News

India Requires $385 Billion Investment for 500 GW Renewable Energy Target by 2030

India aims to significantly ramp up its renewable energy capacity to 500 gigawatts (GW) by 2030, a target that requires substantial investment. Moody&...

Team FS      06/Jun/2024

Economy News

Peru to Launch Instant Payment System in Partnership with India's NPCI

Peru is set to revolutionize its financial landscape with the implementation of an instant payment system similar to India's Unified Payments Inte...

Team finance Saathi      06/Jun/2024

Economy News

India Sees Robust FDI Growth with US$ 70.9 Billion Inflow in FY24, Led by Construction and Power Sec

India's economic landscape has been significantly bolstered by a consistent inflow of Foreign Direct Investment (FDI), with the total FDI reaching...

Team finance Saathi      06/Jun/2024

Economy News

India's Agricultural Production Shows Mixed Trends in 2023-24: Third Advance Estimates Released

The Ministry of Agriculture and Farmers Welfare has released the Third Advance Estimates of Major Agricultural Crops for the 2023-24 period. These est...

Team FS      05/Jun/2024

Economy News

ICRA Revises FY25 Steel Demand Growth Target to 9-10%, Reflecting Strong Sector Trends

Credit rating agency ICRA has revised its FY25 full-year steel demand growth target to 9-10%, an increase of 200 basis points from the previous estima...

Team FS      04/Jun/2024

Economy News

Indian 10-Year Government Bond Yield Falls Below 7% Amid Economic Optimism and Strong Cash Balance

In June, the yield on the Indian 10-year government bond fell below the critical 7% threshold, marking its lowest level in a year. This decline signif...

Team FS      03/Jun/2024

Economy News

Agnikul Cosmos' Agnibaan Rocket Launch Propels India Towards Becoming a Global Hub for Small Satelli

The recent launch of Agnikul Cosmos' Agnibaan rocket represents a monumental achievement for India's burgeoning space sector. This milestone n...

Team FS      03/Jun/2024

Economy News

UPI Transactions Hit Record High in May, Boosting India's Digital Payment Landscape

India's digital payment ecosystem continues to expand at an unprecedented pace, as evidenced by the latest data from the National Payments Corpora...

Team FS      03/Jun/2024

Economy News

GST Revenue for May 2024 Soars by 10%, Driven by Robust Domestic Transactions

In May 2024, India's gross Goods and Services Tax (GST) revenue hit an impressive $20.82 billion (Rs. 1.73 lakh crore), marking a substantial 10% ...

Team FS      03/Jun/2024

Economy News

India's Economic Ascendancy: Forecasts, Projections, and Global Influence

India's economic prowess is poised for unprecedented growth, as forecasts and projections paint a rosy picture of its trajectory. The Economist In...

Team Finance Saathi      31/May/2024

Economy News

UPI Dominates Digital Payments Landscape in India, Shows RBI Report

India's journey towards a cashless economy has been propelled by the meteoric rise of the Unified Payments Interface (UPI), which has revolutioniz...

Team Finance Saathi      31/May/2024

Economy News

India Targets US$ 31 Billion Pharmaceutical Exports in FY25, UK and US Key Markets

India's pharmaceutical sector is poised for significant growth as the country aims to achieve US$ 31 billion in exports in the fiscal year 2025. T...

Team Finance Saathi      31/May/2024

Economy News

RBI Highlights Robust GDP Growth Driven by Strong Investment Demand and Prudent Policies

The Reserve Bank of India (RBI) has noted that India's GDP growth remains robust, driven primarily by strong investment demand supported by health...

Team Finance Saathi      31/May/2024

Economy News

Eight Indian Corporate Giants Now Valued Over $100 Billion Amidst Market Surge

The landscape of Indian corporate conglomerates has seen a remarkable transformation, with eight entities now valued at over US$ 100 billion. This mil...

Team Finance Saathi      31/May/2024

Economy News

UPS Explores Semiconductor Partnership in India for Package Tracking

United Parcel Service (UPS), the global leader in parcel delivery services, is exploring a significant partnership opportunity in India's semicond...

Team Finance Saathi      30/May/2024

Economy News

Fueling Growth: Natural Gas Demand Surges in India, Igniting Infrastructure Expansion

India's quest for energy sustainability continues to drive significant developments in its natural gas sector. With a projected 7% surge in demand...

Team Finance Saathi      30/May/2024

Economy News

S&P Upgrades India's Outlook to Positive Amid Robust Economic Growth and Reforms

S&P Global Ratings has revised India's outlook from stable to positive while maintaining its lowest investment-grade rating of BBB-. This revi...

Team Finance Saathi      30/May/2024

Economy News

India's Art Market Booms: Insights from the 2024 Hurun India Art List

The Indian art market is experiencing unprecedented growth, as evidenced by the findings of the 2024 Hurun India Art List. This annual report sheds li...

Team Finance Saathi      29/May/2024

Economy News

India's Global Capability Centres Drive Surge in Office Space Leasing

India's global capability centres (GCCs) are at the forefront of driving a surge in office space leasing, with a remarkable 17% year-on-year incre...

Team Finance Saathi      29/May/2024

Economy News

Emerging Markets of India and Indonesia Set for Economic Boom, Attract Global Investors

Emerging markets such as India and Indonesia are rapidly becoming hotspots for global investors, driven by their large and growing populations and the...

Team Finance Saathi      28/May/2024

Economy News

Government Prioritizes Technology and Transparency to Build a Viksit Bharat

Union Finance Minister Ms. Nirmala Sitharaman recently articulated the Indian government's steadfast commitment to leveraging technology and foste...

Team Finance Saathi      28/May/2024

Economy News

Goldman Sachs Raises India's 2024 GDP Forecast to 6.7%, Predicts RBI Rate Cuts Amid Inflation Concer

Goldman Sachs Raises India's 2024 GDP Forecast to 6.7%, Predicts RBI Rate Cuts Amid Inflation Concerns Goldman Sachs has updated its economic o...

Team Finance Saathi      28/May/2024

Economy News

India's Electronics Industry Seeks $4 Billion PLI Scheme to Boost Mobile Manufacturing

The electronics manufacturing industry in India is advocating for the implementation of a production-linked incentive (PLI) scheme worth between US$ 3...

Team Finance Saathi      28/May/2024

Economy News

Indian Rupee Strengthens to Two-Month High on Favorable Economic Outlook

In May, the Indian rupee surged to 83.1 per USD, marking one of its highest levels in two months. This upward trajectory was propelled by the governme...

Team FS      27/May/2024

Economy News

India's Coffee Exports Surge by 12.22% in FY24, Driven by Robust Demand for Robusta

India's coffee exports have witnessed a remarkable surge in the fiscal year 2023-24, showcasing a significant growth of 12.22% compared to the pre...

Team Finance Saathi      27/May/2024

Economy News

India's Data Centre Sector Set for Major Expansion Driven by AI and Digital Economy Growth

India's data centre sector is on the brink of significant expansion, poised to almost double its capacity by 2026. This remarkable growth trajecto...

Team Finance Saathi      27/May/2024

Economy News

Record Wheat and Rice Procurement Secures India’s Food Grain Stock for 2024

India’s wheat and rice procurement for the Rabi Marketing Season (RMS) 2024-25 and Kharif Marketing Season (KMS) 2023-24 has set new records, de...

Team Finance Saathi      27/May/2024

Economy News

India's National Security Advisor Emphasizes Border Security for Economic Growth

In a recent address at the Rustamji Memorial Lecture organized by the Border Security Force (BSF), Ajit Doval, India's National Security Advisor, ...

Team Finance Saathi      24/May/2024

Economy News

India Sets Sights on AI Leadership with Bespoke Foundational Model

In a bold move towards technological advancement, the Indian government unveils plans to establish itself as a global leader in artificial intelligenc...

Team Finance Saathi      24/May/2024

Economy News

Gold Jewellery Retailers Poised for Growth Despite Rising Gold Prices

A recent CRISIL Ratings analysis of 54 gold jewellery retailers, representing 32% of the organized jewellery sector's revenue, reveals a positive ...

Team Finance Saathi      24/May/2024

Economy News

BSE Market Capitalization Surges Past India's GDP, Approaching Historic Highs

The Bombay Stock Exchange (BSE) continues to demonstrate robust growth, with the market capitalization of companies listed on the exchange reaching un...

Team Finance Saathi      24/May/2024

Economy News

RBI Approves Record ₹2.11 Lakh Crore Dividend Payout to Central Government for 2023-24

The Reserve Bank of India (RBI) has announced a significant development that underscores the robust state of India's economy. On May 22, 2024, dur...

Team Finance Saathi      23/May/2024

Economy News

Streamlined Driver's License Process: New Rules Revolutionize Licensing in India

The process of obtaining a driver’s license in India has long been criticized for its complexity and susceptibility to corruption, which undermi...

Team FS      21/May/2024

Economy News

Real Estate Stakeholder Optimism Hits Decade-High: Report

In the first quarter of 2024, optimism among stakeholders in the Indian real estate market soared to a decadal high, as revealed by the Knight Frank-N...

Team Finance Saathi      21/May/2024

Economy News

Serum Institute Sends First Batch of Malaria Vaccine to Africa

Malaria remains one of the deadliest diseases, especially in sub-Saharan Africa, claiming the lives of over 1,300 children every day. In a significant...

Team Finance Saathi      21/May/2024

Economy News

India Set to Become a Major Airline Growth Powerhouse Driven by Travel Eagerness: Report

India is on the verge of a remarkable transformation in its aviation sector. Driven by a growing population and an increasing eagerness to travel, the...

Team Finance Saathi      21/May/2024

Economy News

India's Digital Economy Growing at 2.8 Times the Rate of GDP, Says Minister Rajeev Chandrasekhar

India is experiencing a remarkable surge in its digital economy, outpacing the overall GDP growth rate by nearly three times. Union Minister of State ...

Team Finance Saathi      21/May/2024

Economy News

Uber's Milestone in India: Over 1 Million Drivers and Strategic Growth Initiatives

During Uber's earnings call for the March quarter, CEO Mr. Dara Khosrowshahi unveiled a significant milestone: Uber now boasts over 1 million driv...

Team Finance Saathi      10/May/2024

Economy News

Mr. S Jaishankar Highlights the Processing of 10-12 Billion Cashless Payments.

In a world where the digital landscape is rapidly evolving, India stands out as a shining example of technological advancement, particularly in the re...

Team Finance Saathi      06/May/2024

Economy News

CMIE Data Reveals Highest Consumer Sentiment in 62 Months

In the aftermath of the tumultuous COVID-19 pandemic, the heartbeat of consumer sentiment in India tells a tale of resilience, optimism, and lingering...

Team Finance Saathi      06/May/2024

Economy News

India Successfully Tests SMART System, Enhancing Naval Anti-Submarine Warfare

On May 01, 2024, a significant milestone was achieved in India's defense capabilities as the Defence Research and Development Organisation (DRDO) ...

Team Finance Saathi      02/May/2024

Economy News

India's Digital Payment Landscape Thrives with Over 131 Billion UPI Transactions in FY24, Announces

In recent years, India has emerged as a global leader in digital payments, riding the wave of technological advancement and government initiatives aim...

Team Finance Saathi      30/Apr/2024

Economy News

At nearly 6,600, India is the second-largest source country for new US citizens

In the intricate tapestry of migration to the United States, India emerges as a prominent thread, weaving its cultural richness and economic dynamism ...

Team Finance Saathi      23/Apr/2024

Economy News

India's BrahMos Missile Delivery Enhances Philippines' Coastal Defence Amidst South China Sea Tensio

In a significant move bolstering regional security dynamics, India has delivered BrahMos supersonic cruise missiles to the Philippines under a landmar...

Team Finance Saathi      22/Apr/2024

Economy News

India's Economic Resilience Shines Through: IMF Praises Fiscal Discipline

In a nod to India's economic prowess, the International Monetary Fund (IMF) has recently commended the nation for its unwavering commitment to fis...

Team Finance Saathi      22/Apr/2024

Economy News

India and France Forge Climate-Centric Startup Support in the Indo-Pacific

In a world where climate change poses one of the most pressing challenges of our time, collaborative efforts between nations are crucial for driving s...

Team Finance Saathi      22/Apr/2024

Economy News

Indian Railways Breaks Records with Unprecedented Additional Trains in 2024 Summer Season.

All aboard! Indian Railways is set to embark on a historic journey this summer, with a record-breaking 9111 trips scheduled to cater to the surge in t...

Team Finance Saathi      22/Apr/2024

Economy News

DPIIT Secretary Reports Disbursement of US$ 815.5 Million (Rs. 6,800 Crores) to PLI Scheme Beneficia

In the dynamic landscape of global economics, India is making strategic moves to enhance its investment climate and attract foreign capital. At the fo...

Team Finance Saathi      12/Apr/2024

Economy News

India clinches seats in multiple UN bodies and secures a crucial re-election to the INCB.

In a resounding victory for India, Jagjit Pavadia secured her third consecutive term at the International Narcotics Control Board (INCB), reaffirming ...

Team Finance Saathi      12/Apr/2024

Economy News

Ministry of Road Transport and Highways Hits Remarkable Milestone

In a testament to India's dedication to bolstering its infrastructure, the Ministry of Road Transport and Highways (MoRTH) achieved a remarkable f...

Team Finance Saathi      10/Apr/2024

Economy News

Revamping India's Freight Railways: From Dedicated Corridors to Commodity-Specific Networks

India's railway infrastructure has long been a cornerstone of the nation's transportation network. However, recent deliberations within the go...

Team Finance Saathi      08/Apr/2024

Economy News

Indian Rupee Strengthens Past 83.3 Against US Dollar Amidst RBI's Policy Assessment

In a notable development, the Indian rupee exhibited strength, surpassing the 83.3 mark against the US dollar, marking a positive turn following its r...

Team FS      05/Apr/2024

Economy News

Indian 10-Year Bond Yield Hits Two-Month High Amid RBI's Hawkish Stance

In April, the Indian 10-year government bond yield surged to a two-month high of 7.11%, reflecting the impact of the Reserve Bank of India's (RBI)...

Team FS      05/Apr/2024

Economy News

Breaking News: Kalanamak Rice Export Duty Waived by Indian Government

In a significant policy shift, the Indian government has lifted the export duty on Kalanamak rice, a non-basmati variety that was previously prohibite...

Team Finance Saathi      04/Apr/2024

Economy News

Navigating India's Income Tax Regimes: Choosing Between Old and New

In India, April 1st marks not only the beginning of a new financial year but also a crucial decision for salaried individuals: choosing between the ol...

Team Finance Saathi      03/Apr/2024

Economy News

Enhancing Financial Stability: Navigating Challenges in India's Economy

In the bustling financial hub of Mumbai, amidst commemorations marking the 90th year of the Reserve Bank of India (RBI), Union Minister for Finance an...

Team Finance Saathi      02/Apr/2024

Economy News

March 2024 Marks Record GST Revenue: Insights and Trends

In March 2024, the realm of Indian fiscal affairs witnessed a remarkable feat as Goods and Services Tax (GST) revenue soared to unprecedented heights,...

Team Finance Saathi      02/Apr/2024

Economy News

Luxury Property Market Soars in India: Insights and Trends

In the vibrant landscape of India's real estate sector, the luxury property market stands out with its allure of opulence and exclusivity. Accordi...

Team Finance Saathi      27/Mar/2024

Economy News

Navigating Asia's Economic Landscape: Insights from S&P Global

The economic landscape of Asia is a tapestry woven with diverse threads of growth, challenges, and opportunities. In the midst of this complex fabric,...

Team Finance Saathi      27/Mar/2024

Economy News

India's Economic Outlook: Navigating Inflation and Growth

India's economic landscape is currently grappling with the challenge of persistent retail inflation, which has remained above 5%. The Finance Mini...

Team Finance Saathi      27/Mar/2024

Economy News

Driving Change: India's Shift Towards Electric Vehicles

In a sweeping transformation of India's vehicle market, traditional fuel-powered vehicles are making room for alternative fuel options, with elect...

Team Finance Saathi      27/Mar/2024

Economy News

Unraveling the Adani Affair: Mauritius-India Collaboration in Financial Transparency

In the intricate world of international finance, recent developments surrounding the Adani Group have drawn attention to the collaborative efforts bet...

Team Finance Saathi      23/Mar/2024

Economy News

TCS and Ramboll Join Forces for Global IT Transformation: Driving Innovation and Sustainability

In a significant move poised to reshape the landscape of global IT operations, Tata Consultancy Services (TCS) has forged a strategic partnership with...

Team Finance Saathi      22/Mar/2024

Economy News

Uniting Nations: Building a Global Hydrogen Economy

In a landmark gathering, delegates from around the globe convened to discuss the future of hydrogen as a clean energy solution. Representing nations i...

Team Finance Saathi      21/Mar/2024

Economy News

India's Aviation Revolution: A Skybound Journey Towards Global Connectivity

India's aviation sector is soaring to new heights, driven by ambitious expansion plans and strategic foresight. At the helm of this transformative...

Team Finance Saathi      21/Mar/2024

Economy News

Unveiling India's Mineral Production Surge: A Closer Look at January 2024

India's mineral industry has been bustling with activity, as reflected in the latest data released by the Indian Bureau of Mines (IBM) for January...

Team Finance Saathi      21/Mar/2024

Economy News

Mumbai's Luxury Housing Market Surges: A Beacon of Growth in the Global Real Estate

In the bustling metropolis of Mumbai, the heartbeat of India's financial and cultural landscape, a remarkable transformation is underway in the re...

Team Finance Saathi      21/Mar/2024

Economy News

The Mutual Fund Boom: Retail Investors Take Center Stage

The Indian mutual fund industry is witnessing an unprecedented surge in retail investor participation, marking a significant shift in the dynamics of ...

Team Finance Saathi      21/Mar/2024

Economy News

India's Startup Revolution: Pioneering a Path to Prosperity

In recent years, India has witnessed a remarkable transformation in its economic landscape, propelled by the dynamic growth of its startup ecosystem. ...

Team Finance Saathi      21/Mar/2024

Economy News

Unlocking Opportunities: The Rise of Female Freshers in Corporate Recruitment

In the dynamic landscape of corporate recruitment, 2023 marked a significant turning point as a notable surge in female freshers' recruitment was ...

Team Finance Saathi      21/Mar/2024

Economy News

Direct Tax Collections Surge in FY23-24: Reflecting Economic Growth

The latest figures on Direct Tax collections for the Fiscal Year 2023-24, as of 17th March 2024, unveil a remarkable surge, indicating robust economic...

Team FS      20/Mar/2024

Economy News

Unveiling the Future of E-Commerce: Trends and Projections by 2030

In the bustling arena of e-commerce, the landscape is constantly evolving, driven by changing consumer behaviors and emerging market trends. A recent ...

Team Finance Saathi      19/Mar/2024

Economy News

Unlocking India's Potential: The World Trade Centre's Expansion Journey.

In the midst of global uncertainties, one beacon of growth shines bright: the World Trade Centre (WTC) brand. Led by the visionary Chairman of the Wor...

Team Finance Saathi      19/Mar/2024

Economy News

Unveiling India's Insurance Sector: A Decade of Growth and Investment.

India's insurance sector has undergone a transformative journey over the past decade, emerging as a beacon of growth and investment in the country...

Team Finance Saathi      19/Mar/2024

Economy News

Empowering India's Electric Vehicle Revolution: Unveiling the Electric Mobility Promotion Scheme.

In a bid to propel India towards a greener, more sustainable future, the Ministry of Heavy Industries has unveiled the Electric Mobility Promotion Sch...

Team Finance Saathi      19/Mar/2024

Economy News

India Resumes Onion Exports: A Boost for Farmers and International Trade.

India, known for its robust agricultural sector, particularly in producing onions, has announced a significant development in its export policies. The...

Team Finance Saathi      19/Mar/2024

Economy News

Taking Flight: Understanding India's Domestic Air Travel Trends and Challenges

India's domestic aviation sector is soaring, witnessing a notable surge in passenger numbers during February 2024. According to official data from...

Team Finance Saathi      18/Mar/2024

Economy News

Unlocking Opportunities: Empowering India's Postal Heroes.

In a significant move towards recognizing and uplifting the backbone of rural postal services in India, Union Minister of Communications, Railways, an...

Team Finance Saathi      18/Mar/2024

Economy News

Revving Up India's Future: The Drive Towards Advanced E-Vehicle Manufacturing

In a significant move towards embracing the future of transportation, the Indian government has approved a groundbreaking scheme aimed at positioning ...

Team Finance Saathi      18/Mar/2024

Economy News

Empowering Small Businesses: How India's MSME Sector Hits 4 Crore Milestone.

India's Ministry of Micro, Small, and Medium Enterprises (MSMEs) recently marked a historic achievement as the combined Udyam and UAP registers cr...

Team Finance Saathi      18/Mar/2024

Economy News

Air India Implements Staff Layoffs Amidst Organizational Restructuring.

In recent weeks, Air India, under the ownership of the Tata Group since January 2022, has undergone significant organizational changes, resulting in t...

Team Finance Saathi      16/Mar/2024

Economy News

Qualcomm and Indian Government Forge Partnership to Drive Next-Gen Tech Innovation.

In a groundbreaking move towards technological innovation, the Indian government has forged a strategic partnership with Qualcomm, the world's lar...

Team Finance Saathi      15/Mar/2024

Economy News

The Rise of Co-Working Spaces: Transforming India's Office Culture.

In the dynamic world of Indian commercial real estate, a remarkable transformation is underway, propelled by a growing preference for flexible office ...

Team Finance Saathi      15/Mar/2024

Economy News

India Anticipates Doubling Defence Exports: A Strategic Shift Towards Self-Reliance.

India's defence sector is poised for a remarkable transformation as the government announces ambitious plans to substantially increase defence exp...

Team Finance Saathi      15/Mar/2024

Economy News

Nurturing India's Self-Sufficiency: The Rise of Mission Palm Oil.

In a pivotal move toward securing India's food security and economic sovereignty, Prime Minister Narendra Modi recently emphasized the nation'...

Team Finance Saathi      15/Mar/2024

Economy News

India's Economic Growth Outlook Brightens: Fitch Raises GDP Forecast for FY25.

In a positive development for India's economic prospects, Fitch Ratings has raised its forecast for the country's real gross domestic product ...

Team Finance Saathi      15/Mar/2024

Economy News

Sparking India's Economic Revolution: The Rise of Startups

In a dynamic landscape where innovation is the currency of progress, India's startup ecosystem is emerging as a powerhouse, poised to reshape the ...

Team Finance Saathi      15/Mar/2024

Economy News

Maharashtra Acquires Iconic Air India Building at Nariman Point: A Landmark Transaction

In a significant development, the Maharashtra state government has acquired ownership of the iconic Air India building located at Nariman Point, Mumba...

Team Finance Saathi      14/Mar/2024

Economy News

India's Electrifying Drive: Boosting Electric Mobility Nationwide

India, a nation with a burgeoning population and rapid urbanization, faces significant challenges in curbing pollution and reducing carbon emissions. ...

Team Finance Saathi      14/Mar/2024

Economy News

Unveiling India's Logistics Potential: DHL Express CEO's Optimistic Outlook

In a recent address, Mr. John Pearson, the global CEO of DHL Express, stirred excitement in the business world by shedding light on India's emerge...

Team Finance Saathi      14/Mar/2024

Economy News

Bridging Nations: India and the Dominican Republic Forge Economic Alliance

In a significant milestone marking 25 years of diplomatic ties, the Joint Economic and Trade Committee (JETCO) between India and the Dominican Republi...

Team Finance Saathi      14/Mar/2024

Economy News

India's Semiconductor Revolution: Powering Innovation and Growth

In a monumental stride towards technological self-reliance and global competitiveness, Prime Minister Narendra Modi recently inaugurated three semicon...

Team Finance Saathi      14/Mar/2024

Economy News

UK Economy Bounces Back: January's Growth Signals Hope Ahead

The British economy has kicked off 2024 on a positive note, as official data reveals a 0.2% month-on-month growth in January. This uptick follows a ma...

Team Finance Saathi      13/Mar/2024

Economy News

Biden's 2025 Budget Proposal: A Push for Taxing the Wealthy

President Joe Biden is poised to unveil his 2025 funding proposal, which continues his push for taxing the wealthy and corporations, echoing themes fr...

Team FS      11/Mar/2024

Economy News

China's Parliamentary Meetings End Without Premier's Press Conference

China's annual parliamentary meetings concluded without the customary press conference by the premier, marking a significant departure from establ...

Team FS      11/Mar/2024

Economy News

Surprising US Jobs Report Sparks Market Chaos: What You Need to Know

Job creation exceeded forecasts in February, adding 275,000 new positions, according to the Bureau of Labor Statistics. However, the unemployment rate...

CA Abhay Varn      08/Mar/2024

Economy News

U.S. Treasury Yields Rise as Investors Eye Economic Data

On Monday, U.S. Treasury yields saw an uptick as investors pondered the state of the economy and awaited crucial economic updates scheduled for the we...

Team Finance Saathi      04/Mar/2024

Economy News

Bitcoin Nears All-Time High Amidst Weekend Rally Pause

Bitcoin's price surged at the beginning of the week, inching closer to its all-time high, after a brief pause in its weekend rally. The flagship c...

Team Finance Saathi      04/Mar/2024

Economy News

Apple Slapped with Record $1.95 Billion Antitrust Fine by EU for Music App Dominance

The European Commission has imposed a landmark 1.8 billion euro ($1.95 billion) fine on Apple for breaching antitrust regulations in the distribution ...

Team Finance Saathi      04/Mar/2024

Economy News

UN Security Council Urges Protection of Civilians in Gaza Following Deadly Incident

In the wake of a tragic incident at a humanitarian aid convoy in Gaza, the UN Security Council has issued a statement emphasizing the critical need to...

Team Finance Saathi      04/Mar/2024

Economy News

SpaceX-backed startup says preorders for its $300,000 futuristic flying car have reached 2,850

Hey there, folks! Hold onto your hats because we're about to take a ride into the future with Alef Aeronautics and their groundbreaking flying car...

Team Finance Saathi      04/Mar/2024

Economy News

Elon Musk sues OpenAI and CEO Sam Altman over contract breach

Elon Musk has initiated legal action against Microsoft-backed OpenAI and its CEO, Sam Altman, among others, alleging a departure from the company&rsqu...

Team Finance Saathi      01/Mar/2024

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