Venture Capital investments in India surge to $16.8 bn in January-November: Report

New Delhi (IANS) Venture capital (VC) activity in India has witnessed significant growth from January to November 2024, with investments reaching $16.77 billion across 888 deals, according to the India Brand Equity Foundation (IBEF).  

Venture…

Indian manufacturers to allocate 11-15 pc of investments on smart tech in 2 years: CII

New Delhi (IANS) The Indian manufacturing sector is set to allocate higher investment - 11-15 per cent of their budget - towards adopting smart technologies to boost digital transformation in the next two years, a CII study showed on Sunday, as most…

Electronics sector in India projected to create 12 million jobs by 2027

New Delhi (IANS) The electronics sector in the country is projected to create 12 million jobs by 2027 — 3 million direct and 9 million indirect roles, a report said on Saturday. 

Direct employment opportunities are likely to include employment…

India’s current account deficit to remain in 1.2-1.5 pc range of GDP in FY25

New Delhi (IANS) India’s current account deficit (CAD) is projected to remain in the manageable range of 1.2-1.5 per cent of GDP in FY25, according to a new report. 

The country’s CAD narrowed to 1.2 per cent of GDP in Q2 FY25 from 1.3 per…

Share of processed food goods in India’s agricultural exports rises to 23.4 pc

New Delhi (IANS) The share of higher value processed food products in India’s agricultural goods export basket has increased substantially from 13.7 per cent in 2014-15 to 23.4 per cent in 2023-24 leading to higher farm incomes and creating more jobs,…

Telecom, pay-TV services revenue in India to reach $50.7 bn in 2029

New Delhi (IANS) Driven by mobile data and fixed broadband segment, the telecom and pay-TV services revenue in India is projected to increase at a compound annual growth rate (CAGR) of 2.5 per cent from $44.9 billion in 2024 to $50.7 billion in 2029,…

Indian advertising, marketing sector sees a steady 9 pc hiring intent: Report

New Delhi (IANS) The marketing and advertising sector in India is expected to see a steady 9 per cent hiring intent, according to a report on Thursday. 

The report by TeamLease EdTech showed that the growth is driven by the surge in digital…

Indian share market opens in green, Nifty above 23,800

Mumbai (IANS) The Indian stock market opened higher on Thursday as buying was seen in the PSU bank, auto, financial service and metal sectors on Nifty. 

At around 9:37 am, Sensex was trading at 78,744.55 after gaining 271.68 points or 0.35…

Branded hotels in India to clock double-digit growth in FY25, FY26: Crisil

New Delhi (IANS) Branded hotels in India are likely to see double-digit revenue growth of 13-14 per cent this fiscal (FY25) and 11-12 per cent in the next (FY26), fuelled by demand outpacing supply, a Crisil report said on Thursday. 

Operating…

18.89 mn international tourist arrivals in 2023, forex earnings cross Rs 2.31 lakh cr: Centre

New Delhi  (IANS) India recorded 18.89 million international tourist arrivals in 2023 as foreign exchange earnings (FEEs) through tourism last year surged to Rs 231,927 crore, the government said on Wednesday. 

Foreign tourist arrivals (FTAs)…