Prime Minister Narendra Modi Wednesday said the International Monetary Fund (IMF) sees India as a "bright spot" in the global economy and as per the World Bank, India is in a better position to deal with the global headwinds than many other countries. This is because of India's strong "macroeconomic fundamentals", Modi said while virtually addressing the inaugural function of the 7th edition of Invest Madhya Pradesh-Global Investors Summit in Indore. In the past eight years, the government has increased the speed of reforms and removed many hurdles in the way of investments.
On day three after a flash flood wreaked havoc in Sikkim's Teesta basin, the number of bodies recovered from the river and mud embankments downstream rose to 22, including seven army men.
'The inflection point that really happened in the sector was during the pandemic when buyers' perception changed towards consumption and that gave a trigger to pent-up demand with the increased affordability.'
The Supreme Court-appointed Justice Gita Mittal committee, set up to oversee relief and rehabilitation of the victims of ethnic violence in Manipur, on Monday submitted three reports highlighting the need for reconstruction of identity documents, upgradation of compensation and appointment of domain experts to facilitate its functioning.
Business conglomerate Adani Group's chairman Gautam Adani is now the world's second-richest person after overtaking Louis Vuitton's Bernard Arnault, according to Forbes' Real-Time Billionaires List. At the time of writing this report, Gautam Adani's net worth was $153.9 billion, compared to Arnault's net worth of $153.7 billion. Adani is now just behind business magnate Elon Musk, according to Forbes' data.
Richest Indian Gautam Adani-led group's flagship firm on Wednesday filed an offer letter with stock exchanges for a proposed Rs 20,000 crore follow-on public offer (FPO). The FPO of Adani Enterprises Ltd (AEL) is planned to open on January 27 and close on January 31, according to the offer letter. Of the Rs 20,000 crore proceeds of the FPO, Rs 10,869 crore will be used for green hydrogen projects, work at the existing airports and construction of a greenfield expressway.
'An area of land has already been earmarked for their protected habitation.' 'There are also steps being taken to take care of the coral zone and mangroves.'
His value lifestyle brand Zudio signals a coming of age of retail in small town India.
'Sectors related to foreign trade, exchange, import and travel are experiencing a slowdown, which is now reflecting in their talent demand too.'
With Nirmala Sitharaman's Budget presentation lasting for about one hour 31 minutes on Tuesday, the finance minister's budget speech this year became the shortest ever since 2019.
'This reluctance to respond forcefully to Chinese PLA provocations and outright aggression has as much to do with Prime Minister Modi personally, as with the institutional mindset of the MEA or even the Indian Army.' 'They are scarred by the 1962 War and are still cowed by China.'
India and the US on Thursday said they are looking forward to the reconvening of the India-US Trade Policy Forum later this year to further enhance trade relationship and identify new areas for engagement.
During a virtual meeting with health ministers and senior officials of states in view of the recent surge in coronavirus cases in some parts of the world, he said, "The Centre and states need to work in tandem and in a collaborative spirit as was done during the previous surges for Covid prevention and management."
Foreign capital flows into the Indian real estate jumped over three-fold to $23.9 billion during 2017-21 period as compared to the previous five years, according to Colliers-FICCI report. In its report 'Foreign investments in Indian real estate turn a corner', property consultant Colliers mentioned that the global investors have shown an increased inclination towards investment in Indian real estate buoyed by regulatory reforms introduced in 2016. "Foreign investors, who had previously refrained from investing in the Indian real estate market due to the lack of transparency, started investing in the country with greater optimism from 2017," Colliers said.
'Instead of ACs, the government should do something to increase our salary.'
Outlay for infra is also expected to see a significant increase in view of the government's Rs 111-trillion investment plan under the national infrastructure pipeline to develop social and economic infrastructure over five years.
Korea's second-largest automaker and Hyundai's sister company showcased a line-up of 16 models from its global portfolio at the ongoing Auto Show
Amid a spike in Covid-19 cases, the Centre on Monday reviewed with states and Union territories the preparedness for pandemic management and the progress of vaccination.
The Army on Monday commemorated the 75th anniversary of the International Day of UN Peacekeepers by paying homage to the fallen soldiers at the National War Memorial in New Delhi.
'Inter-ministerial coordination, information on the proposed PSUs, and due diligence are taking longer than expected to conclude the process.'
Australia believe they can win from any situation, that mindset can't be taught: Sthalekar on India losing knock out games
Billionaire Gautam Adani on Sunday won the race to acquire Swiss cement major Holcim's stake in Ambuja Cements and its subsidiary ACC for $10.5 bn (around Rs 81,361 crore), including the open offers. The Adani family, through an offshore special-purpose vehicle, announced that it had entered into definitive agreements for the acquisition of Holcim Ltd's entire stake in two of India's leading cement companies -- Ambuja Cements and ACC -- the Adani group said in a statement. The group outbid Ultratech and JSW group to enter the cement industry and also emerge as the country's second-largest cement manufacturer, with 70 million tonnes of capacity annually.
'It will send a very strong signal that it is now our time to grow.'
Seven of the meetings will be held in late November or early December at the finance ministry, as is the norm.
Pranav Adani has come a long way since 1999, when he first got actively involved with the Adani Group's businesses, run by his uncle, Gautam Adani.
The minister has sought the help of US technology, expertise and innovation to make road safety a priority in India.
In order to bring uniformity, the need for following the existing framework for either imposition of restrictions or allowing relaxations based on the burden of disease and strain on healthcare infrastructure still remain important.
In a letter to all chief secretaries, Union Health Secretary Rajesh Bhushan said it is imperative to re-emphasise the significance of timely and swift upgradation of health infrastructure in all states and UTs.
Enthused by higher than expected GDP numbers in the fourth quarter of 2022-23, Chief Economic Adviser (CEA) V Anantha Nageswaran on Wednesday said India's economic growth may exceed the initial estimate of 6.5 per cent in the current fiscal and the country can look for another year of solid economic performance.
Chinese state-sponsored hackers had targeted India's power grids in Ladakh possibly for information on India's critical infrastructure or to prepare for sabotage in the future, according to the American cybersecurity firm Recorded Future.
The cement industry continues to present a puzzle to investors.
Lack of infrastructure development in Jammu and Kashmir for decades post Independence was one of the reasons behind the rise of terrorism in the Union territory, Defence Minister Rajnath Singh said on Friday after unveiling 75 new projects including bridges, roads and helipads in border areas.
'My adrenalin kicked in and the happiness returned! It was time to go in for the kill again.' IAF Veterans Group Captain Dilip Kumar Dass tells Air Commodore Nitin Sathe about how the IAF decimated tanks in the famous Battle of Longewala.
Prime Minister Narendra Modi on Sunday stressed the need to ensure adequate health infrastructure at the district level and asked officials to maintain coordination regarding this with the states, in view of the prevailing COVID-19 situation.
The ministry's year-end review is silent on the continued occupation by Chinese troops of territory that India has always claimed and patrolled.
A fresh team of 51 National Disaster Response Force (NDRF) personnel is being rushed to earthquake-hit Turkiye even as two teams present there have launched rescue operations at multiple collapsed structures, Director General of the force Atul Karwal said Wednesday.
India's largest private port operator Adani Ports and SEZ (APSEZ) Ltd has emerged as the highest bidder for the West Bengal government's greenfield deep-sea port project at Tajpur in a neck-to-neck fight with JSW Group, a source said on Friday. APSEZ and Sajjan Jindal-led JSW Group were the only two entities that took part in the financial bid round, though there were more port and logistics majors who had expressed initial interest in the estimated Rs 7,000-crore project in Purba Medinipur district. "APSEZ is the highest bidder, offering a share of 0.25 per cent of gross revenue. "It was marginally higher than the second bidder who offered 0.23 per cent," a senior government official said, without wanting to be named.
The automobile sector is considered a good indicator of economic health. It has a very long value chain, from primary materials, like metals, glass and plastic, to value-added high-end electronic components, specialised alloys, and software.
Data shows that the current system of decentralised marketing and centralised procurement helps Punjab and Haryana farmers the most, while its efficacy in other states has been poor. Experts and farm leaders say success of the laws rests heavily on implementation.
E-commerce platform Snapdeal has filed preliminary documents with markets regulator Sebi to raise funds through an initial public offer (IPO), joining the league of internet-led businesses looking to list on domestic stock exchanges. The public issue comprises fresh issuance of equity shares worth Rs 1,250 crore and an offer for sale (OFS) of 3.07 crore equity shares, according to the draft red herring prospectus (DRHP). According to market sources, potential listing could value Snapdeal at about $1.5-1.7 billion.
