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…

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…

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…

Stock market outlook: PMI, FII data key factors to watch next week

Mumbai (IANS) Indian benchmark indices Nifty and Sensex ended the week with gains after two consecutive weeks of losses. Last week, both Sensex and Nifty posted gains of 0.91 per cent and 0.71 per cent at 80,436.84 and 24,541.15, respectively. 

Indian startups secure $395 million this week, a massive 350 pc jump

New Delhi (IANS) Riding on overall economic growth, Indian startups raised more than $395 million in at least 20 deals this week, a massive about 350 per cent jump from $113 million secured last week in 22 deals. 

Hospitality and travel-tech…

IMF’s Gita Gopinath goes bullish on India’s economic growth

New Delhi (IANS) After Prime Minister Narendra Modi, during his Independence Day address to the nation, said the country is on its way to become the third-largest economy with big reforms across sectors, Dr Gita Gopinath, Deputy Managing Director…

Higher coal production leads to decline in prices in June

New Delhi (IANS) Coal prices came down in the country during June, indicating an increase in the availability of the fuel to meet the growing demand in the economy, according to a Coal Ministry statement issued on Friday.  

"The National Coal…

25 Indian companies gear up to launch IPOs worth Rs 22,000 crore

New Delhi (IANS) The initial public offering (IPO) season has warmed up and at least 25 companies, already approved by the market regulator SEBI, are planning to enter the market to raise about Rs 22,000 crore in the coming few weeks, analysts said…

India’s apparel exports surge 11.85 pc driven by strong demand in US, Europe

New Delhi (IANS) India's apparel exports clocked a robust growth of 11.85 per cent in July on the back of strong demand in the US and European markets, according to data compiled by the Confederation of Indian Textile Industry (CITI). 

Apparel…

ED attaches properties of Avantha Group under PMLA

New Delhi (IANS) Directorate of Enforcement (ED) has provisionally attached immovable properties of Gautam Thapar’s Avantha Group. Valued at Rs 678.48 crore, the properties are in the form of land located in Haryana, Maharashtra and Uttarakhand.