India leads in Asia-Pacific with double-digit growth in consumer goods sales

Mumbai (IANS) India is the only market consistently delivering double-digit growth in the Asia-Pacific region in the FMCG, tech and consumer durables segments, according to a report by consumer research firm NielsenIQ (NIQ) released on Wednesday.…

India mobile phone exports reach $6.5 billion in April-July, iPhones lead

New Delhi (IANS) Led by iPhones, exports of mobile phones from India reached $6.5 billion in the April-July period (Q1 FY25) – an almost 40 per cent surge from the same period last fiscal (FY23), industry data showed on Thursday. 

iPhone exports…

Indian economy is on upswing: Finance Ministry

New Delhi (IANS) The Indian economy experienced a notable upswing across various economic indicators in July 2024, signalling strong and resilient business activities with both the manufacturing and services sectors posting a robust performance, according…

India’s target of $55 trillion economy is ambitious but achievable: IMF official

New Delhi (IANS) India’s economy is projected to grow to $55 trillion by 2047 if the country is able to register an average real growth rate of 8 per cent in the coming years which is an ambitious but achievable target, IMF executive director Krishnamurthy…

Nifty rises for fifth consecutive day, Sensex closes above 80,900

Mumbai (IANS) Indian equity indices closed in the green on Wednesday following a rally in FMCG stocks like HUL and ITC. 

At closing, Sensex ended 102 points, or 0.13 per cent, higher at 80,905 and Nifty settled 71 points or 0.29 per cent higher…

Local manufacturing to give Rs 25,000 cr annual opportunity for Indian MCE industry

New Delhi (IANS) As the government prioritises the infrastructure investments, component localisation in the mining and construction equipment (MCE) industry could offer Rs 25,000 crore annual opportunity to construction equipment vendors by FY30,…

Tata Group gears up for new iPhone assembly plant as Apple expands India footprint

New Delhi (IANS) In a further boost to the ‘Make in India’ initiative, business conglomerate Tata Group is geared up for a new iPhone assembly plant in the country that is likely to become operational in the festive quarter of 2024. 

The iPhone…

Electronics, dairy and poultry products witness export uptick in July: Report

New Delhi (IANS) India saw an uptick in outbound shipments from several sectors in July, led by electronic goods, meat, dairy and poultry products and oil meals, a report said on Monday. 

Electronic goods (37.3 per cent), meat, dairy and poultry…

Headline numbers of India's economy are strong: Gita Gopinath

New Delhi (IANS) The overall headline numbers of India’s economy are strong, reflecting a large amount of public investment which has been a critical factor driving growth, according to IMF Deputy Managing Director Gita Gopinath. 

She said…

Exports reviving as lever of India’s growth: RBI

Mumbai (IANS) There are signs of a revival of net exports as a lever of India’s growth as after the contraction in 2023- 24, outbound shipments from the country are undergoing an expansion in 2024-25 so far, according to the RBI's monthly bulletin…