India’s macros remain robust, long-term growth prospects steady: Report

New Delhi (IANS) India’s macros (like fiscal consolidation, strong balance sheets and recovery in consumption) remain robust amid slowing global growth and the country's long-term growth prospects remain steady, projected at 6.5 per cent real…

Banks hike interest rates on FDs amid fierce competition for deposits

Mumbai (IANS) Banks have started offering higher returns on FDs amid fierce competition to raise more deposits. While leading banks such as SBI and HDFC were the first to raise interest rates on FDs, smaller banks such as IDBI have followed suit for…

WeWork India clocks nearly Rs 131 crore loss in FY24, expenses up by 19 pc

New Delhi (IANS) Flexible co-working space provider WeWork India suffered a loss of about Rs 130.8 crore in FY24, down from Rs 144.5 crore in FY23. 

WeWork India's total expenses last fiscal also increased by 19 per cent to Rs 1,864.3 crore.…

Apple clocks Rs 1 lakh crore worth iPhone exports from India in 2024: Industry

New Delhi (IANS) Riding on the government’s production-linked incentive (PLI) scheme and rising premiumisation trend, Apple has reached Rs 1 lakh crore in iPhone exports from India in the calendar year 2024. 

According to early industry estimates,…

100 Indian firms file draft IPO papers, fundraising may surpass Rs 2 lakh cr this year

New Delhi (IANS) At least 100 companies have filed draft offer letters with the markets regulator Securities and Exchange Board of India (SEBI), as 2025 is projected to see fundraising via the primary market surpass Rs 2 lakh crore, according to market…

Market cap of top 50 APAC firms hits record $8.1 trillion in 2024, India third

New Delhi (IANS) Led by technology companies, the total market capitalisation of top 50 firms in the Asia-Pacific (APAC) region surged to $8.1 trillion in 2024, reflecting a 20.6 per cent year-on-year increase, according to a new report. 

Geographically,…

PLI 2.0 for IT Hardware sees Rs 10,000 crore production, 3,900 jobs in just 18 months

New Delhi (IANS) The production-linked incentive (PLI) 2.0 scheme for IT Hardware has seen Rs 10,000 crore production and 3,900 jobs in just 18 months of its launch, the government said on Saturday. 

India’s electronics manufacturing sector…

Investments in startups rose from $8 bn to $115 bn in last 9 years in India: Govt

New Delhi (IANS) The total number of registered startups in India have surged to 1,57,066 from around 400 in 2016, when the 'Startup India' initiative was launched, with investment in these new ventures jumping to $115 billion, from $8 billion…

India's economic growth expected to accelerate in 2nd half of 2024-25: Report

New Delhi (IANS) The Indian economy is expected to pick up growth momentum in the second half of the current financial year with high-frequency indicators such as digital payments, power demand, service PMI, air passenger traffic, rising toll and…

India's real estate sector attracted investment of $11.4 billion in 2024: Report

New Delhi (IANS) India's real estate sector attracted equity investments to the tune of $11.4 billion in 2024, which represents a 54 per cent increase over the previous year, according to real estate consultancy firm CBRE. The growth in equity…