India | Page 7

Much rejoicing was seen in the startup community and especially among the industry leaders from the 'Funds' side of things, as the Indian Central Government abolished what was known as 'Angel Tax' in a historic budget announcement led by Finance Minister Nirmala Sitharaman.

India is now home to approximately 140 registered space-tech startups. Its talent pool, young population, and government policies push innovations beyond the Earth

The Indian watch market is burgeoning with luxury watches, reports Deloitte's 2024 Swiss Watch Industry Insights

Varun Beverages Limited is reportedly expanding its production in Zimbabwe and Zambia for PepsiCo

According to a recent report by Traxcn, India's fintech sector recorded a decline in funding activities in 2024. The report named 'Tracxn FinTech Report' states that the sector received funding of USD 795 Million in 2024, marking a decline of 11 per cent and 57 per cent compared to the USD896.7 Million second half of 2023 and USD 1.93 Billion in the first half of 2023 respectively.

Despite privacy concerns, with 54% of Indians using free AI tools like ChatGPT, there's a strong demand for AI expertise among new hires in India and the Middle East.

The HSBC India Manufacturing Purchasing Managers' Index (PMI) for June 2024 indicates a recovery in the Indian manufacturing sector, with the PMI rising from 57.5 in May to 58.3 in June.

China and Vietnam saw a decline in mobile exports in FY24 while India's exports surged by 40.5 per cent.

Britannia Industries has been surpassed by ITC Ltd, to claim the title of India's second-largest listed packaged foods company in terms of sales and therefore achieving a major milestone as reported by The Economic Times. ITC conglomerate is now second only to Nestle in the domestic market.

India's logistics sector stands on the brink of transformation, driven by cutting-edge technologies, advancements, and robust infrastructure development.

Technology has made headways into the agri sector and the country has been nothing short of innovations and new ideas trying to unlock new methods of food production to meet its growing needs and a burgeoning population.

Mariwala firmly believes that entrepreneurs can add a lot of value to India's economy and that a substantial part of the growth for the country to become a $5 trillion economy would have to come from the entrepreneur community.

The ultimate rich list is out, and Mukesh Ambani has surged to the top spot, surpassing Gautam Adani, whose wealth more than halved in the last year.

In terms of HNWI (high-networth individuals) outflows globally, India is now the second-largest country after China (a net loss of 13,500).

European airline major Lufthansa is bullish about the India market and is expanding its operations. With its new services it plans to operate more than 60 weekly flights from India and it has plans to bring back Airbus A380 into the Asian market

In accordance with the government's Make In India initiative, the company is strengthening its production capacities in India. Besides, the firm is also working on its goal of entering every Indian household with innovation at its core. From collaborating with startups to practicing sustainability, the company is on a hot streak

As India approaches its 75th year of independence, vlogger Gaurav Taneja aka Flying Beast will draw the largest map size of India in the air over the skies of the United States of America on the occasion of Republic Day.

According to official UK government data, India-UK bilateral trade currently stands at around 29.6 billion pounds a year

According to the report, out of 85 nations, India has secured the 31st position in the overall best countries ranking

As per reports, the government may allow Apple's Chinese vendors to set up manufacturing plants in India on a case-by-case basis after ensuring that the Cupertino-based iPhone makers have no other option to source components

The Indian semiconductor market stood at $15 billion in 2020 and is estimated to reach $63 billion by 2026