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NEW DELHI: Fitch Ratings on Thursday raised its forecast for India’s economic growth to 7 per cent for the next fiscal year starting April 1 on the back of strong domestic demand and sustained level of business and consumer confidence. With a stronger-than-expected 8.4 per cent growth in gross...
NEW DELHI: Cyber attacks and data breaches are the top business risks for organisations in India, according to the 2023 Global Risk Management Survey. Cyber attacks and data breaches were placed seventh in the 2021 business risks survey. Global professional services firm Aon collected inputs from around 3,000 risk...
NEW DELHI: The Rs 500 crore Electric Mobility Promotion Scheme 2024 shows the government’s continued thrust on vehicle electrification as it is indispensable on a long-term basis to fortify the case for an EV ecosystem, industry experts said on Thursday. Ministry of Heavy Industries has announced the new scheme...
KOLKATA: Leading home appliances company Blue Star will invest Rs 250 crore in the next financial year to raise the manufacturing capacity of room air conditioners at its Sri City facility in Andhra Pradesh, an official said here on Thursday. The company now has a production capacity of 10...
NEW DELHI: The Centre has revised a flexible complementing scheme related to the recruitment and promotion of scientists in different Central Government departments, according to an official order. The move was necessitated considering the evolving advancement in the field of science and technology, and the requests of the various...
NEW DELHI: The commerce ministry is in discussions with the Reserve Bank of India (RBI) to facilitate e-commerce exports by liberalising the Foreign Exchange Management Act (FEMA) guidelines, Santosh Kumar Sarangi, Director General of Foreign Trade (DGFT) said on Thursday. “A few days back we had a meeting with...
NEW DELHI: New unicorns are likely to add $1 trillion to the Indian economy, which would reach $7 trillion size by 2030, and add 50 million new jobs, according to a report released by industry body CII on Thursday. Startup firms valued over $1 billion are categorised as unicorns....
India’s government is planning a number of steps to improve the quality of its economic data, including kicking off a long-delayed population census, according to people familiar with the matter. The Statistics Ministry has made a number of proposals that have been discussed by Prime Minister Narendra Modi’s office...
NEW DELHI: NITI Aayog has called for easing of access to export finance and a concerted push to boost e-commerce exports to realise the potential of the country’s micro, small, and medium enterprises (MSMEs). In a report released on Wednesday, the Aayog said small firms have encountered difficulties in...
MUMBAI: The Indian economy may clock over seven per cent growth rate in FY25 too if conditions are favourable, chief economic advisor (CEA) Anantha Nageswaran said on Wednesday, even as he exuded confidence about the country achieving a hat-trick of seven per cent growth in the ongoing financial year....
NEW DELHI: Ajay Bhushan Pandey, chairperson of the National Financial Reporting Authority (NFRA), on Wednesday said that the agency is working on establishing an innovation lab or sandbox to support auditing techniques. Pandey said that NFRA is also focusing on encouraging the development and introduction of artificial intelligence (AI)...
NEW DELHI: It’s not only big tech firms like Google, Meta, Amazon, which are opposed to the proposed ex-ante digital competition law. Domestic platforms having leadership position in segments they operate in are also opposed to any such legislation. Interestingly, in the case of big domestic platforms, their local...
NEW DELHI: The Law Commission has suggested introduction of a new “trade secrets” law to buttress the protection for firms and businesses from third party misuse of proprietary information, by including more categories to the current list of protected domains like copyright, patents and other intellectual property. Under the...
AHMEDABAD: India’s first Semiconductor fabrication unit set up by Tata Electronics in a joint venture with a Taiwanese partner will produce its first chip from Dholera Special Investment Region (SIR) by December 2026, said Ashwini Vaishnaw, Union Minister for Information Technology and Electronics on Wednesday. “The first chip from...
The Ministry of Heavy Industries (MHI) on Wednesday announced a new promotional scheme for electric two and three-wheelers for four months, beginning April 2024, with an outlay of ₹500 crore. The scheme, Electric Mobility Promotion Scheme, 2024, aims to further promote e-mobility, particularly in the two and three-wheeler segments,...
Amazon Global Selling, the e-commerce giant’s export platform for micro, small and medium enterprises, is collaborating with the Ministry of Commerce and Director General of Foreign Trade to further accelerate sales from districts that have good export potential. “What we have done over the last two years is specifically...
NEW DELHI: India is all set to assist Bhutan in establishing a robust pool of energy professionals like energy auditors and technicians while spearheading the widespread adoption of the Star Labeling Programme across the neighbouring country’s household sector. This initiative aims to make star-rated energy-efficient products more accessible to...
NEW DELHI: A majority of tuberculosis (TB) patients do not exhibit the hallmark symptom of persistent cough, a study that analysed data on more than 600,000 individuals in Africa and Asia has said, underscoring the pressing need for innovative diagnostic approaches to combat the world’s most deadly infection. This...