India cruising towards $300 billion electronics production by 2026: Centre

New Delhi (IANS) India, which is the second-largest mobile phone producer in the world, is all set to reach $300 billion in electronics production by 2026, driven by the ‘Make in India’ and the production-linked incentive (PLI) scheme, the Centre…

Govt aiming to formalise 9 crore MSMEs by 2029

New Delhi (IANS) With more than 6 crore MSMEs already registered under the Udyam and Udyam Assist (UA) portals, the government hopes to take the figure to 9 crore by 2029 as it is targeting to formalise all the MSMEs in the country, a senior official…

India’s GDP to grow at 6.5 pc in FY26, 75-100 bps rate cut likely: S&P Global Ratings

New Delhi (IANS) Showing a resilient economy in the Asia-Pacific region amid global uncertainties, India’s GDP will grow at 6.5 per cent in the fiscal year ending March 31, 2026, S&P Global Ratings said on Tuesday. 

This assumes the upcoming…

Indian domestic software market to hit $100 billion by 2035: Report

New Delhi (IANS) India's domestic software market is set for massive growth, with projections indicating a five-fold increase over the next decade to reach $100 billion by 2035, a new report said on Tuesday. 

This growth will be driven…

India’s manufacturing sector posts robust growth in March, hiring up: HSBC

New Delhi (IANS) India's business activity ended FY25 on a strong note, with the manufacturing sector posting a robust expansion in sales and production during March, driven by a rising demand for goods. Hiring, too, increased during the month,…

India’s city gas distribution to reach 25 pc by 2030; Rs 30,000 crore investment likely by FY27

Mumbai (IANS) As the government aims to transform the nation into a gas-based economy, the contribution of city gas distribution (CGD) is projected to increase to 25 per cent by 2030, from 20 per cent in FY24, according to a report released on Monday. 

India’s aviation sector reflects stable outlook amid rising air traffic

New Delhi (IANS) India’s aviation sector reflects a stable outlook with domestic air passenger traffic recording a double-digit growth of 11.04 per cent in February this year compared to the same month of the previous year, official data showed. 

Public sector banks' dividend payout rises 33 pc in FY24: Centre

New Delhi (IANS) Public sector banks (PSBs) in India have shown significant financial improvement, as their dividend payouts increased by 33 per cent to Rs 27,830 crore in the financial year 2023-24. 

This is a sharp rise from Rs 20,964 crore…

PLI for telecom products sees Rs 4,081 cr investment, sales worth Rs 78,672 cr

New Delhi (IANS) In a boost for the ‘Make in India’ initiative, the production-linked incentive (PLI) scheme for telecom and networking products has seen an investment of Rs 4,081 crore (as on January 31), generating total sales of Rs 78,672 crore. 

30 metric tonnes GI-tagged jaggery exported to Bangladesh: Centre

New Delhi (IANS) In a boost to agricultural exports, a consignment of 30 metric tonnes (MT) of GI-tagged jaggery from western Uttar Pradesh has been sent for export to Bangladesh, the government announced on Saturday. 

The flag-off ceremony,…