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,…

SEBI cracks down on firms diverting funds for personal use

Mumbai (IANS) The Securities and Exchange Board of India (SEBI) has cracked down on multiple companies for misappropriation of funds raised through rights issues in the stock markets, after receiving complaints from whistleblowers.

SEBI is…

India ranks among top textile exporters with 4 pc global share: Minister

New Delhi (IANS) India is ranked among the top textile exporting countries in the world with a share of approximately 4 per cent of global textiles and apparel exports, according to information tabled in Parliament on Friday 

The export of…

India's coffee exports surge 40 pc to surpass $1.54 billion in April-Feb

New Delhi (IANS) India's coffee exports have recorded a robust 40 per cent rise during April-Feb in the current financial year to surpass the $1.54 billion mark compared with the corresponding figure of $1.10 billion for the same period of the…

India's GDP to expand by 6.7 pc in FY25, fastest growing in Asia-Pacific: S&P Global

New Delhi (IANS) An S&P Global Ratings report on Thursday projected India's GDP to expand by 6.7 per cent in fiscal 2025 (year ending March) -- the fastest growing economy in the Asia-Pacific region. 

Stressing that India's low US exposure…

Exports of auto components from India see robust growth in last 2-3 years

New Delhi (IANS) Showcasing India’s growing role in the global supply chain, exports of auto components have shown robust growth in the past couple of years. 

Also, major exports destinations for motorcycle parts are Germany, Bangladesh, the…

India eyes $100 bn trade with Latin American & Caribbean countries

New Delhi (IANS) India is keen to double its trade with Latin American and Caribbean (LAC) countries to $100 billion and the path is very clear, Commerce Secretary Sunil Barthwal said here on Wednesday. 

Addressing the 10th CII India-LAC Conclave…

Hero Motors joins Germany’s STP to manufacture forged powertrain parts in India

New Delhi (IANS) Hero Motors Limited (HML) on Tuesday announced a strategic joint venture (JV) with SchmiedeTechnik Plettenberg (STP), Germany, to manufacture forged powertrain components in India for global markets. 

The manufacturing facility…