PM Gati Shakti scheme cut logistics cost, enabled better service delivery: Piyush Goyal

New Delhi (IANS) The PM Gati Shakti initiative has heralded a paradigm shift in how India plans and implements big-ticket infrastructure projects, Union Commerce and Industry Minister Piyush Goyal said on Saturday. 

In his remarks on the occasion…

Noel Tata appointed Chairman of Tata Trusts

Mumbai (IANS) Noel Tata on Friday was unanimously appointed as Chairman of Tata Group's philanthropic arm Tata Trusts during a board meeting to discuss the group's succession plans after the demise of Ratan Naval Tata at age 86. 

The…

India’s ship recycling industry expected to grow at 10 pc CAGR by 2028

Mumbai (IANS) The ship recycling industry in India is expected to grow at a compound annual growth rate (CAGR) of 10 per cent by 2028, according to a new report. 

India accounted for 33 per cent of the global gross tonnage (GT) dismantled in…

Festive sales on Indian e-commerce platforms cross Rs 54,000 crore in 1st week

New Delhi (IANS) Online e-commerce platforms in the country saw sales worth over Rs 54,500 crore in the first week of the festive season, about 55 per cent of total sales projected during the next month. 

According to latest data from Datum…

Air cargo volumes in India to see 11 pc growth in FY25, revenues to grow 14 pc

New Delhi (IANS) The overall air cargo volumes in India is projected to witness healthy growth of around 9-11 per cent (year-on-year) to around 3.6-3.7 million tonnes in FY25, according to a report on Thursday. 

This growth will be supported…

RBI retains repo rate at 6.5 pc, FY25 growth at 7.2 pc

New Delhi (IANS) The Reserve Bank of India's (RBI) Monetary Policy Committee (MPC) on Wednesday decided to maintain the status quo on the repo rate at the current 6.5 per cent, while retaining India's real GDP growth forecast at 7.2 per cent…

1.1 mn medium, heavy commercial vehicles older than 15 years to boost scrappage policy

New Delhi (IANS) The government’s scrappage policy has a significant potential with nearly 1.1 million medium and heavy commercial vehicles now older than 15 years, a report showed on Tuesday.

Rating agency ICRA projected an additional 5.7…

Sensex surges on election results; auto, pharma and realty gain

Mumbai (IANS) Indian equity benchmark closed on a positive note, on the back of election results which supported PSU stocks and brought optimism in the market.

At closing, Sensex was up 584 points or 0.72 per cent at 81,634 and Nifty was at…

Indian auto retail sales up 6.5 pc in April-Sep, rural markets to spur demand

New Delhi (IANS) Led by robust two-wheeler (2W) retail sales, the Indian automobile market saw 6.55 per cent growth (year-on-year) in the first six month of current fiscal (FY25), as rural markets are set to spur demand going forward, a report showed…

Indian e-commerce market poised to reach $325 billion in 2030: Report

New Delhi (IANS) Driven by robust rural demand, Indian e-commerce market is expected to reach $325 billion in 2030, with a strong 21 per cent compound annual growth rate (CAGR), a report said on Monday. 

The retail sector, which is valued at…