India-EFTA trade pact to drive $100 bn investment, boost 99.6 pc of exports

New Delhi (IANS) The Trade and Economic Partnership Agreement (TEPA) has the potential to boost 99.6 per cent of Indian exports with market access to European Free Trade Association (EFTA) countries and drive $100 billion investment, the government…

India’s tech, durable offline retail market sees 10 pc growth amid rising rural consumption

New Delhi (IANS) Driven by rising disposable incomes and greater internet penetration in smaller towns, the Indian tech and durable offline retail market registered a 10 per cent value growth (year-on-year) in the January-September period this year,…

India’s business activity surges to 3-month high in Nov: Report

New Delhi (IANS) India's business activity surged to a three-month high in November, driven by robust growth in the services sector and record job creation, according to the HSBC survey for the month. 

"Services saw a pick-up in growth,…

India’s economic activity growth reaches 8-month high in October: Report

Mumbai (IANS) The growth in economic activity in India improved markedly to an eight-month high of 10.1 per cent in October from 6.6 per cent in September, despite an unfavourable base, according to a report on Thursday. 

The strengthening…

‘Baseless’: Adani Group denies US govt department allegations

New Delhi (IANS) The Adani Group on Thursday denied allegations made by the US Department of Justice (DoJ) and the US Securities and Exchange Commission (SEC) against directors of its subsidiary company Adani Green, saying that all possible "legal…

Date for resuming India-UK free trade talks to be finalised soon

New Delhi (IANS) The Commerce and Industry Ministry announced on Wednesday that the schedule for holding the India-UK free trade talks in early 2025 would be finalised through diplomatic channels "at an early date". 

"Subsequent to the meeting…

India's auto parts industry poised to cross $80 bn revenue in 2024-25

Mumbai (IANS) The revenue of India’s automotive components industry is expected to cross $80.1 billion in FY2025 while exports have already touched $21.2 billion, according to B2B risk management consultancy Rubix Data Sciences. 

While the…

India’s hospitality sector clocks double-digit revenue growth in July-Sep

Mumbai (IANS) India’s hospitality sector continued to witness year-on-year growth in performance in July–September period, primarily driven by a rise in average daily rate (ADR), resulting in a revenue per available room growth of 10.8 per cent, according…

Indian tyre makers set for 7-8 pc revenue growth this fiscal: Report

New Delhi (IANS) The tyre makers in India are likely to see revenue growth of 7-8 per cent this fiscal (FY25), driven by a 3-4 per cent increase in both realisations and volume, according to a report on Monday. 

Revenue will grow in single…

India's electronics sector set to create 12 million jobs amid skill hunting: Report

New Delhi (IANS) As India's electronics industry witnesses unprecedented growth, it is set to create 12 million (1.2 crore) jobs at a compound annual growth rate (CAGR) of 25-30 per cent, according to a report on Monday.  

The projections…