India’s cement industry projected to grow to 5.09 billion tonnes by 2028-29

New Delhi (IANS) Driven by the growing government spending on infrastructure projects, the Indian cement industry is projected to grow to 5.09 billion tonnes by 2028-29, reflecting a compound annual growth rate (CAGR) of 4.9 per cent from 2024 to…

Internationalisation of UPI progressing rapidly: RBI

New Delhi (IANS) The internationalisation of the unified payments interface (UPI) is progressing rapidly, as India emerges as a world leader in leveraging digital technologies for transformative change, according to a Reserve Bank of India (RBI) report. 

US chipmaker AMD poised to step up investment in India

Bengaluru (IANS) American chipmaking giant AMD is looking at India not merely as a market but as a development hub with the company's design centre in Bengaluru beginning to make an important contribution to its products. 

AMD chief executive…

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 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 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,…

‘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…

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…

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…

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…