Sensex gains 318 points, Nifty nears 23,600 on expiry day

Mumbai (IANS) The Indian stock markets ended on a strong note on Thursday, with both the Sensex and Nifty closing in the green. 

The 30-share Sensex rose 317.93 points, or 0.41 per cent, to settle at 77,606.43. During the day, the index touched…

India’s organised retail to surpass $600 billion by 2030, capture 35 pc of total market

Bengaluru (IANS) India’s overall retail sector is poised to become more than $1.6 trillion opportunity by 2030, offering immense headroom for sustained growth for the organised retail industry, according to a new report on Wednesday. 

While…

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…