Business News
India’s GDP to Grow by 6.4% in FY25: FICCI Report
Sector-wise, the survey anticipates agriculture and allied activities to grow at 3.6 per cent, industry at 6.3 per cent, and services at a robust 7.3 per cent
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Business News
RP Tech to Acquire 70% Stake in Satcom Infotech to Expand Cybersecurity Portfolio
Satcom Infotech will leverage RP Tech's extensive financial resources and robust nationwide distribution network to enhance service delivery and scale operations. Meanwhile, RP Tech will integrate Satcom's expertise in cybersecurity into its offerings, aiming to introduce new brands and forge impactful industry partnerships.
Business News
PL Investment Banking Facilitates INR 50 Crore Funding for EMO Energy
PL Investment Banking served as the exclusive advisor for the transaction, leveraging its expertise to manage the fundraising process. The firm's efforts attracted interest from potential investors, culminating in a successful deal.
Business News
How India’s Auto Industry Wrapped Up 2024
Key domestic sales statistics for the year include 42,74,793 PV units sold, marking a 4.2 per cent increase over the previous year. Two-wheelers sales also grew by 14.5 per cent to 1,95,43,093 units and three-wheelers sold 7,28,670 units, achieving 6.8 per cent growth.
Business News
SEBI Clears JSW Cement’s INR 4,000 Crore IPO
As per the Draft Red Herring Prospectus (DRHP), JSW Cement plans to allocate INR 800 crore from the fresh issue proceeds to partially finance a new integrated cement facility in Nagaur, Rajasthan.
Business News
Praveen Someshwar to Succeed Hina Nagarajan as CEO of Diageo India
Praveen Someshwar will take over as managing director and CEO from Hina Nagarajan, effective from April 1, 2025. Someshwar will join as CEO-designate on March 1, 2025, before officially assuming the role.
Business News
India’s Industrial Growth Hits 6-Month High; IIP Surges 5.2% in Nov’24: Report
The industrial sector faces a tempered outlook, with advance estimates projecting a reduced growth rate of 6.2 per cent for FY25, down from 9.5 per cent in FY24, due to base effects. However, signs of recovery are emerging.
Business News
Why 2025 Will Be a Breakthrough Year for MSMEs in India’s Digital Revolution
With the convergence of AI, cloud ecosystems, enhanced connectivity, and ethical data practices, 2025 represents a pivotal year for MSMEs in the digital sector. To remain competitive, MSMEs must embrace these technologies while fostering innovation and strategically aligning their operations with emerging trends.
Business News
Tide India Crosses 5 Lakh MSME Members, Aims to Double by 2025
Tide's user demographics reflect over 90 per cent of its members under 40. Among them, 52 per cent are Gen Z, while millennials account for 41 per cent.
Business News
India’s Growth Slides From 8.2% to 6.4% in FY 24-25: Govt Report
Real GVA for FY 2024-25 is estimated to be INR 168.91 lakh crore, compared to INR 158.74 lakh crore in FY 2023-24, which implies a growth rate of 6.4 per cent. This is especially lower than the 7.2 percent real GVA growth achieved in the previous financial year.
Business News
The Cybersecurity Wake-Up Call for MSMEs in 2025
Reports highlight the severity of cybersecurity risks, citing over 400 million malware incidents in 2023 alone. As MSMEs expand, lightweight defenses become insufficient. Advanced persistent threats (APTs) and sophisticated ransomware attacks demand medium-weight and eventually state-of-the-art measures.
Business News
Auto Retail Records 9.1% YoY Growth in CY24 Amid Headwinds: FADA
Growth was led by the two-wheeler (2W) segment up by 10.7 per cent, three-wheeler (3W) segment by 10.4 per cent, passenger vehicles (PV) increasing by 5.1 per cent, and tractors by 2.5 per cent
Business News
India’s Poverty in Decline: SBI Report
The poverty line is now set at INR 1,632 for rural areas and INR 1,944 for urban areas, significantly higher than the INR 816 (rural) and INR 1,000 (urban) benchmarks established in 2011-12.
Business News
How the Affluent Use Their Money In India
A median user manages 27 bills annually, in addition to spending on lifestyle needs directly from their bank accounts, as per a report by CRED, a technology company.
Business News
Adani Petrochemicals Forms Joint Venture with Indorama Resources to Boost Petrochemical Sector
The newly formed entity, registered with the Registrar of Companies in Mumbai, has an authorized and paid-up share capital of INR 5,00,000, divided into 50,000 equity shares valued at INR 10 each.
Business News
Subdued Credit Growth on the Horizon for India’s FY26 Economic Prospects: Report
Certificates of deposit, which reached a decadal peak of INR 4.9 trillion as of November, 2024, reflect this dynamic. While this figure surpasses the previous high of INR 4.5 trillion recorded in April 2011, the share of total deposits remains modest at around 2.5 per cent
Business News
Tata Elxsi Partners with Qualcomm to Revolutionize Software-Defined Vehicle Development
As part of this partnership, Tata Elxsi will develop a virtual electronic control unit (ECU) platform using Snapdragon virtual system-on-chips (VSoCs)
Business News
India Highlights Technology Transfer Roadblocks in Climate Fight
The BUR outlines India's strategy to integrate advanced technologies in sectors such as solar and wind energy, bioenergy, electric vehicles, climate-resilient agriculture, and carbon capture.
Business News
Botanic Healthcare Secures INR 250 Crore Investment for Global Expansion
Founded in 2013, Botanic Healthcare specializes in manufacturing botanical extracts, including fruit powder extracts, natural colors, phytochemicals, standardized herbal extracts, and oleoresins.
Business News
India’s Exports Set to Cross $800 Billion: Piyush Goyal
In a move to bolster India's start-up ecosystem, the government is simplifying procedures for startups relocating their headquarters back to India.
Business News
India’s Digital Payment Ecosystem Reaches New Heights in December 2024: Report
The exponential growth in digital payments in India can be attributed to several factors, including government initiatives like the "Digital India" campaign, convenience and security features, and expanding digital infrastructure.
Business News
Premium Launches Driving Growth of Smartphone Market in India
The Indian Smartphone market is evolving rapidly, with OEMs increasingly focusing on premium launches. The premium segment is projected to exceed 20 per cent market share by 2025.
Business News
“Legacy is About Impact, Not Accolade”: Kumar Birla
The dialogue between these two entrepreneurial titans—a fourth-generation industrialist leading a global conglomerate and a first-generation disruptor redefining India's financial landscape—is nothing short of inspiring.
Business News
India’s Forest and Tree Cover Expands by 1,445 Sq Km, Achieves 2.29 Billion-Tonne Carbon Sink
While very dense forests increased by 3,465.12 sq km, moderately dense and open forests declined by 1,043.23 sq km and 2,480.11 sq km, respectively. Mangrove cover, vital for coastal ecosystems, experienced a slight decrease of 7.43 sq km.
Business News
India’s Economic Outlook Expected to Grow 6.6% in Q3 FY2025 Amid Challenges: ICRA Report
ICRA estimates the GVA growth to improve to 6.6 per cent in Q3 FY2025 from 5.6 per cent seen in Q2 FY2025; the pace of GDP growth in the quarter will be contingent on the Government's subsidy pay-out and indirect tax inflows. Overall, we expect the GVA and GDP growth to print at 6.5 per cent each in FY2025
Business News
Vedanta Scraps Plan to List Base Metals Business, Explores Alternative Avenues
Vedanta confirmed that the share entitlement ratio for the demerger of its other five businesses remains unchanged. As part of the vertical split, shareholders will receive one share in each of the newly listed companies for every share they currently hold in Vedanta.
Business News
India’s Forex Reserves Decline by $1.98 Billion, Continue Downward Trend
A deeper look into the composition of the reserves reveals that foreign currency assets (FCA)—a major component—fell by $3.047 billion during the week, standing at $562.576 billion.