Business India News

New Delhi, Dec 21: Riding on resilient economic growth, the domestic stock markets are ending 2024 on a positive note, with Nifty registering a 13 per cent gain (year-to-date) -- its ninth consecutive year of positive gains, a Motilal Oswal Wealth Management report said on Saturday.

New Delhi, Dec 21: BharatNet, the world's largest rural broadband connectivity programme, has helped connect more than 2.14 lakh gram panchayats by utilising optical fibre, radio, and satellite technologies, the government said on Saturday.

New Delhi, December 20: Competition Commission of India (CCI) has approved UltraTech Cement Limited's acquisition of The India Cements Limited.

New Delhi, December 20: The Union Cabinet on Friday approved the minimum support price (MSP) for copra for the 2025 season.

New Delhi, Dec 21: From just 50 biotech startups in 2014 in India, the ecosystem has grown to nearly 9,000 in the last decade, said Union Minister Jitendra Singh.

Mumbai, Dec 21: There has been a massive 233 per cent growth (year-on-year) in overall net inflows in systematic investment plans (SIPs) in India this year, according to a new report, as the Indian economy remains resilient amid rough geo-political conditions.

Mumbai, Dec 21: Indian benchmark indices declined 5 per cent this week amid global selloff, mainly triggered by the US Federal Reserve's caution approach for rate cuts next year, which resulted in relentless selling by the foreign institutional investors (FIIs).

New Delhi, Dec 21: As the 55th meeting of the GST Council was set to begin in Jaisalmer on Saturday, chaired by Union Finance Minister Nirmala Sitharaman, the proposed rate cut on health insurance premiums and the inclusion of Aviation Turbine Fuel (ATF) under the GST ambit would be among the key focus areas.

Jaipur, Dec 21: Union Minister for Finance and Corporate Affairs Nirmala Sitharaman on Friday chaired the pre-budget consultations with Finance Ministers of States and Union Territories (with Legislature) at Jaisalmer in Rajasthan.

Mumbai, December 20: India's foreign exchange (forex) reserves continue to decline. In the week that ended December 13, the foreign exchange kitty declined by USD 1.988 billion to USD 652.869 billion, data from the Reserve Bank of India (RBI) showed Friday.

New Delhi, Dec 20: The Cabinet Committee on Economic Affairs on Friday hiked the Minimum Support Price (MSP) for fair average quality of milling copra to Rs 11,582 per quintal and for ball copra to Rs 12,100 per quintal for the 2025 marketing season, according to an official statement.

New Delhi, Dec 20: The Indian government and the Asian Development Bank (ADB) on Friday signed an agreement for a $350 million policy-based loan under the second subprogramme of the Strengthening Multimodal and Integrated Logistics Ecosystem (SMILE) programme, to strengthen the domestic manufacturing sector and improve the resilience of supply chains.

New Delhi, Dec 20: Union Minister of Commerce and Industry Piyush Goyal on Friday called for a 100 per cent integration of industry stakeholders onto the government digital platforms to improve the logistics sector.

New Delhi, Dec 20: The Telecom Regulatory Authority of India (TRAI) on Friday released recommendations on assignment of additional spectrum to Indian Railways for its safety and security applications.

Mumbai, December 20: Strong foundations for high growth can be secured only with durable price stability, the monetary policy committee of the Reserve Bank of India (RBI) emphasized before keeping the policy rate unchanged in the latest meeting.

New Delhi, December 20: As part of the pre-Budget consultations, Finance Minister Nirmala Sitharaman on Friday chaired a meeting with States and Union Territories in Jaisalmer.

Patna, December 20: Pranav Adani, Managing Director (Agro, Oil and Gas), Adani Group on Friday said that the conglomerate is committed to investing in Bihar.

New Delhi, December 20: The 612th meeting of the Central Board of Directors of the Reserve Bank of India was held in Guwahati under the Chairmanship of RBI Governor Sanjay Malhotra on Friday.

New Delhi, December 20: India's 12 green field projects under the National Industrial Corridor Development Project will create employment opportunities for 9.4 lakh individuals says a year-end release by the Department of Promotion of Industry and Internal Trade.

New Delhi, December 20: Stock indices in India witnessed another day of bloodbath, with Sensex and Nifty shedding about 1.5 per cent each on the last day of this week.

New Delhi, December 20: The Winter Session of Parliament, held from November 25 to December 20, 2024, saw significant legislative activity with the government focusing on various crucial issues.

New Delhi, December 20: India's 12 green field projects under the National Industrial Corridor Development Project will create employment opportunities for 9.4 lakh individuals says a year-end release by the Department of Promotion of Industry and Internal Trade.

New Delhi, December 20: In a stride towards achieving self-reliance under the 'Atmanirbhar Bharat' vision, India's Product-Linked Incentive (PLI) schemes have emerged as a transformative force in enhancing the nation's manufacturing and export capabilities with an outlay of Rs1.97 lakh crore (over US$26 billion).

Mumbai, December 20: The Reserve Bank of India (RBI) may postpone the beginning of its rate cut cycle to April 2025 because of the Federal Reserve's shift towards a more hawkish monetary stance, says research a report by Yes Bank.

New Delhi, Dec 20: As many as 25,202 public charging stations for electric vehicles (EVs) have been installed in the country to date, the government said on Friday.

New Delhi, Dec 20: The government's National Agriculture Market (e-NAM) scheme wherein online trading of Agriculture and Horticulture commodities is done for transparent price discovery for farmers for their produce through a competitive online bidding system has recorded trades in agricultural produce to the tune of Rs 3.79 lakh crore, the Parliament was informed on Friday.

Bengaluru, Dec 20: The TCI-IIMB Supply Chain Sustainability Lab at the Indian Institute of Management Bangalore (IIMB), has become the first organisation in India to achieve ISO 14083 certification for its groundbreaking digital platform the Transportation Emissions Measurement Tool (TEMT).

Patna, Dec 20: The two-day Bihar Business Connect 2024 witnessed the signing of memoranda of understanding (MoUs) for investments to the tune of Rs 1.8 lakh crore in the state by leading industrial groups of the country, Bihar Industries & Tourism Minister Nitish Mishra said on Friday.

New Delhi, Dec 20: The investments in the urban sector in India have increased 16-fold as the government aims to achieve the 'Viksit Bharat' goal by 2047, the Ministry of Housing and Urban Affairs said on Friday.

New Delhi, Dec 20: Over 10.05 crore women from rural households have so far been mobilised into 90.87 lakh self-help groups (SHGs) under the Deendayal Antyodaya Yojana - National Rural Livelihoods Mission (DAY-NRLM), the Parliament was informed on Friday.

Patna, December 20: The Adani Group has reaffirmed its commitment to Bihar's development and announced investments in various sectors including infrastructure, smart metering and cement in addition to its investment in gas distribution, logistics and agri-logistics.

New Delhi, December 20: Union Minister Piyush Goyal held discussions with European Commissioner on India-EU Free Trade Agreement (FTA) via video conferencing

New Delhi, December 20: Maruti Suzuki India Limited (MSIL), India's largest passenger vehicle manufacturer, is set to revolutionize electric mobility with its first eBorn electric SUV, the e VITARA. The production-ready model will debut at the Bharat Mobility Global Expo 2025.

New Delhi, December 20: LT Foods, an Indian-origin global FMCG Company in the consumer food space, has launched a Non-Genetically Modified Organism (Non-GMO) Certified global gourmet food 'DAAWAT Jasmine Thai Rice' for Indian consumers.

Mumbai, December 20: Indian equity returns beat US markets, Rs 100 invested in 1990 would have become Rs 9500 in India while in US it would have been only Rs 8400, according to a report by Motilal Oswal.

New Delhi, December 20: Since Direct Benefit Transfer (DBT) inception, enabled by JAM (Jan Dhan, Aadhaar and Mobile) trinity, Rs40.81 lakh crore has been transferred to citizens, with an estimated Rs3.5 lakh crore saved by reducing inefficiencies and leakages.

New Delhi, December 20: Apple has unveiled its list of most downloaded apps and games for 2024 across all its gadgets with charts localized for users in more than 30 countries and regions. In India, Zupee, a skill-based ludo gaming platform, has surged to new heights, ranking among the Top 2024 Free Games chart for the country on Apple's App Store.

New Delhi, December 20: India is poised to spend a massive USD 8 trillion on investments over the next five years, says a report by Motilal Oswal.

New Delhi, December 20: The Government of India and the Asian Development Bank (ADB) signed a USD 42 million loan to provide coastal and riverbank protection to increase resilience of local communities and natural ecosystems in the state of Maharashtra.

Raipur, December 20: Indian Institute of Management (IIM) Raipur is hosting a three-day India Finance Conference (IFC) 2024 jointly organized by the IIM Calcutta, IIM Bangalore and IIM Ahmedabad. Scheduled from December 19 to 21, the conference has brought together experts and thought finance leaders to foster insightful discussions and knowledge exchange.

New Delhi, Dec 20: Edtech unicorn Vedantu has registered a loss of Rs 157 crore in FY24 compared to Rs 373 crore loss in FY23.

Mumbai, Dec 20: The Indian stock market shed more than 1,000 points on Friday amid the global selloff, after the US Federal Reserve hinted at a slow pace of interest rate cuts in the future.

Imagine this - What if your child's school notebooks could cost less, or health and life insurance premiums became more affordable? Wouldn't that bring relief to every household? Now, here’s the catch—what if achieving this required us to pay a little more for harmful products like cigarettes, bidis, and gutkha? Isn’t that a fair trade for a healthier and more secure future for our families?

New Delhi, Dec 20: The World Bank's Board of Executive Directors has approved the $800 million Amaravati Integrated Urban Development Programme, aimed to establish the city as a well-managed, climate-resilient growth centre in Andhra Pradesh that generates jobs and improves the lives of its current and future residents.

Bengaluru, Dec 20: Unicorns (with valuation $1 billion and above) continue to be among the large employers in India and overall, 116 Indian unicorns employed 4,10,829 people in August this year compared to 4,17,561 employees recorded in the same month last year, a report showed on Friday.

New Delhi, Dec 20: The US and India are set to strengthen space cooperation, including for human spaceflight, and joint space exploration, and are expected to facilitate commercial partnerships between space companies of both countries to advance shared interests in the growing space economy.

Mumbai, Dec 20: The Indian cement industry is projected to see a robust recovery in the second half of FY25, driven by pent-up demand, a rebound in government capex and sustained momentum in the real estate and housing sectors, a Motilal Oswal Financial Services Ltd. (MOFSL) report said on Friday.

Patna, Dec 20: Pranav Adani, Managing Director, Agro, Oil and Gas and Director of Adani Enterprises, on Friday unveiled a massive Rs 27,900 crore investment plan for Bihar, with the potential of creating as many as 53,500 jobs in the state.

New Delhi, Dec 20: From achieving Rs 1.46 lakh crore in investment under the product-linked incentive (PLI) scheme to 26 per cent increase in FDI inflows (year-on-year) in Q1 this fiscal (FY25), the Department for Promotion of Industry and Internal Trade (DPIIT) said on Friday that it has played a pivotal role in 2024 in building a self-reliant and globally competitive India.

New Delhi, December 19: Ola Electric Mobility is set to open 4,000 new stores on December 25, which happens to be Christmas Day, founder Bhavish Aggarwal announced on Thursday.

New Delhi, December 19: The Reserve Bank of India (RBI) on Thursday termed increasing spending by states on subsidies as an "incipient stress" and called for rationalisation of such outgoes.

New Delhi, December 19: India's coal imports during the April-October period of financial year 2024-25 witnessed a major decrease of 3.1 per cent, reaching 149.39 million tonnes (MT) compared to 154.17 MT in the corresponding period of last year, the Coal Ministry stated on Thursday.

New Delhi, December 19: Alka Upadhyaya, Secretary, Department of Animal Husbandry and Dairying (DAHD), on Thursday, advised the dairy federations to work on circular economy in the dairy sector and be proactively involved in getting the benefits in consultation with National Dairy Development Board (NDDB).

New Delhi, December 19: India has emerged as one of the top ten regions in the world for funding deep technology startups However, the gap in funding between India and other leading nations remains significant, highlighted a report by Speciale Invest and Oister Global.

New Delhi, December 19: The MedTech (medical technology) industry is not just a component of healthcare but is acting as a catalyst to link patients, payors, providers, and regulators to create a stronger and more equitable healthcare system, stated MoS (Health) Smt Anupriya Patel at the 21st Health Summit of the Confederation of Indian Industry (CII) on Thursday. Addressing the plenary session on "Charting India's MedTech Revolution: MedTech Expansion roadmap to 2047", the Minister said, "It is this unique positioning of MedTech that holds the promise of revolutionizing healthcare delivery and outcomes, both in India and globally."

New Delhi, December 19: India's solar equipment manufacturing capacity is poised for healthy growth over the next 2-3 years, entailing a capex of nearly Rs 1 lakh crore, asserted CareEdge Ratings.

New Delhi, December 19: The Network Planning Group (NPG) under PM Gati Shakti in its 85th meeting assessed five projects (2 railways and 3 projects of highway development) from and Ministry of Railways (MR) and the Ministry of Road Transport and Highways (MoRTH).

New Delhi, December 19: The Federal Reserve's next steps on interest rates will be guided by economic data, according to a report by UBS.

New Delhi, December 19: Airline SpiceJet has settled dispute of over USD 16 million with Dublin-headquartered Genesis Aircraft Services, commercial aircraft leasing company, the company stated on Thursday.

New Delhi, December 19: JJSW Infrastructure Limited (JSWIL), part of the JSW Group aims to expand its cargo-handling capacity to 400 million tonnes per annum (MTPA) by financial year (FY) 2030, the company said on Thursday.