RBI's forex reserves set to cross $700 bn sooner than expected in FY25

New Delhi (IANS) Despite global economic headwinds and deepening geopolitical uncertainties, the forex reserves are at record all-time high levels and are set to cross $700 billion in FY25 sooner than expected. 

According to a latest note by…

24 Indian startups raise over $229 million in funding this week

New Delhi (IANS) At least 24 domestic startups secured more than $229 million in funding this week, which included six growth-stage deals worth $182.65 million. 

The week saw 13 early-stage deals worth $46.14 million. Overall, Bengaluru-based…

Government removes floor price on basmati rice, farmers to benefit

New Delhi (IANS) In a significant step to boost export of basmati rice, a premier GI variety rice of India, the government has removed the floor price on export of basmati rice, a move that will ensure good returns to farmers. 

According to…

Ford to make a comeback in India to boost exports, hire up to 3,000 more

Chennai (IANS) US automaker Ford Motor is making a comeback in India and will restart its manufacturing plant in Chennai to boost exports, along with hiring another 2,500-3,000 employees, it was announced on Friday. 

According to Kay Hart,…

Sensex trades lower, ITC and HUL top losers

Mumbai (IANS) Indian frontline indices opened lower on Friday due to heavyweights like ITC, HUL, Asian Paints and M&M falling the most. 

At 9.58 a.m., Sensex was down 200 points or 0.25 per cent at 82,762 and Nifty was down 63 points or 0.25…

Sensex, Nifty close at all-time high, led by metal and auto shares

Mumbai (IANS) Indian equity indices closed in the green on Thursday led by metal, auto and banking stocks. 

Sensex closed at 1,439 points or 1.77 per cent higher at 82,962 and Nifty closed 470 points or 1.89 per cent higher at 25,388.

Intraday,…

VC firm Accel to invest up to $1 million in pre-seed startups in AI, Bharat

Bengaluru (IANS) Leading global venture capital firm Accel on Thursday announced the launch of Accel Atoms 4.0, the fourth edition of its pre-seed scaling programme. Selected startups will receive up to $1 million in funding through equity or convertible…

SEMICON India 2024: Top semiconductor CEOs laud PM Modi's vision

Greater Noida (IANS) Leading figures from the global semiconductor industry praised Prime Minister Narendra Modi's leadership and vision for advancing India's semiconductor sector during their addresses at SEMICON India 2024, held here at…

Apple reaches $5 billion in iPhone exports from India in April-August period

New Delhi (IANS) Driven by the production-linked incentive (PLI) scheme, Apple has reached around $5 billion in iPhone exports from India in the April-August period this fiscal. 

According to industry data, this is a growth of over 50 per cent…

Maruti Suzuki India gears up to launch its first EV with 500-km range in Jan

New Delhi (IANS) Maruti Suzuki India on Tuesday said the automaker is geared up to launch its first electric vehicle (EV) with a range of 500 km per charge in January next year. 

The leading automaker announced this on the sidelines of the…