CII seeks priority sector lending for new and emerging sectors

New Delhi (IANS) The Confederation of Indian Industry (CII) has sought reforms in India's Priority Sector Lending (PSL) framework to enable the setting up of more Development Finance Institutions (DFI) to provide funds to new and emerging sectors…

Cabinet hikes MSP for Copra to Rs 12,100 per quintal

New Delhi (IANS) The Cabinet Committee on Economic Affairs on Friday hiked the Minimum Support Price (MSP) for fair average quality of milling copra to Rs 11,582 per quintal and for ball copra to Rs 12,100 per quintal for the 2025 marketing season,…

GST meet: Ready-to-eat popcorn to become costly, tax up on used car sales by businesses

New Delhi/Jaisalmer (IANS) Ready-to-eat popcorn is set to attract varying GST rates based on its preparation and packaging, it was decided in the 55th GST Council meeting on Saturday. 

For popcorn (mixed with salt and spices), it retains the…

PLI scheme achieves Rs 1.46 lakh crore investment, FDI inflows up 26 pc

New Delhi (IANS) From achieving Rs 1.46 lakh crore in investment under the product-linked incentive (PLI) scheme to 26 per cent increase in FDI inflows (year-on-year) in Q1 this fiscal (FY25), the Department for Promotion of Industry and Internal…

India tech startups funding grows 6 pc to $11.3 bn in 2024, 3rd globally

Bengaluru (IANS) India’s tech startup ecosystem garnered $11.3 billion in funding in 2024, a 6 per cent increase from $10.7 billion in 2023, according to a report on Thursday. 

In the second half (H2) of 2024, the tech startups received $5.32…

Auto PLI achieves Rs 20,715 crore investment, Rs 10,472 crore incremental sales: Centre

New Delhi (IANS) The production-linked incentive (PLI) scheme for automobile and auto components industry has achieved Rs 20,715 crore investment and Rs 10,472 crore incremental sales have been achieved (as of September), with the first incentive…

India's coal imports dip as domestic production rises

New Delhi (IANS) India's coal imports declined by 3.1 per cent to 149.39 million tonnes (MT) during April-October period of FY 2024-25 from 154.17 MT in the same period of the previous year due to the increase in domestic production, according…

Real estate investments in India reach historic high at $8.9 billion in 2024: JLL

Mumbai (IANS) Driven by strong growth and political stability, real estate institutional investments in India reached historic high levels at $8.9 billion across 78 deals in 2024, surpassing the previous 2007 record by 6 per cent ($8.4 billion), a…

Sensex ends lower ahead of US Fed rate decision, Nifty at 24,198

Mumbai (IANS) The domestic benchmark indices closed in red on Wednesday amid weak global cues as market sentiment remained cautious ahead of the key US Fed meeting. 

US Fed Chair Jerome Powell was set to release the policy statement late on…

India's private sector growth surges to 4-month high in Dec: Report

New Delhi (IANS) India's private sector output growth strengthened to its highest level in four months during December, according to the latest HSBC 'flash' PMI data compiled by S&P Global. 

The acceleration was reflected in both…