NEW DELHI: The technology industry in India continues to draw Gen Z students with 77 per cent of them showing interest towards the sector, a report by Nasscom-Indeed said. Millennials and Gen Zs constitute around 90 per cent of the tech workforce in India enabling higher generational diversity and...
MUMBAI: Private carrier Air India on Monday commenced the commercial operations of its first wide-body A350 aircraft with a flight taking off for Chennai from the Mumbai airport. The 316-seater A350-900 aircraft has a three-class cabin configuration with 28 private business suites with full-flat beds, 24 premium economy and...
NEW DELHI: The vision to make India a developed nation by 2047 includes a major shift towards electric vehicles, supported by tax incentives, production linked incentive schemes, and the mandatory provision of charging infrastructure, a top government official said on Monday. Secretary in the Department for Promotion of Industry...
NEW DELHI: The fiscal deficit target for FY25 is likely to be pegged at 5.3 per cent of the gross domestic product (GDP) in the upcoming interim budget, suggests an analysis of multiple projections made by economists and forecasting agencies. Fiscal deficit is the difference between the total income...
The initial trend in the third quarter results season reflects sustained year-on-year double-digit growth in aggregate revenue and net profit, driven by banking and finance companies. For a sample of 215 companies that have so far declared October-December results, revenue grew by 11.2%, while net profit rose by 14.2%....
NEW DELHI: With private investment still muted, the government is likely to maintain its momentum on increasing capital expenditure, especially for the infrastructure sector in the upcoming Budget to propel economic growth. Post COVID-19, the Budget has been laying special emphasis on capex. It has kick-started a dormant cycle...
NEW DELHI: Led by mining and highways, the Centre’s asset recycling drive to generate resources for fresh investments in infrastructure will likely yield around Rs 1.5 trillion in the current fiscal, the highest mop-up since the National Monetisation Pipeline (NMP) was rolled out in 2021-22. Transactions with aggregate monetisation...
NEW DELHI: The government is likely to make an outlay of Rs 21,000 crore for reduce the cost of short-term loans for Kisan Credit Cards (KCCs) holders in the forthcoming interim budget for 2024-25. This amounts to an annual rise of 13%. Sources said that under modified interest subvention...
NEW DELHI: The country’s exports of goods and services rose marginally by 0.4 per cent to USD 765.6 billion in 2023 despite global economic uncertainties, according to the commerce ministry data. Sectors which helped keep India’s exports afloat include electronics, pharmaceuticals, cotton yarn, fabrics and made-ups; ceramic products, meat,...
DAVOS: Indian industry on Sunday lauded the government for establishing the ‘Alliance for Global Good- Gender Equity and Equality’ announced on the sidelines of the World Economic Forum annual meeting 2024 here. The idea of this alliance emerged from the G20 Leaders’ Declaration and India’s abiding commitment to the...
NEW DELHI: Billionaire Mukesh Ambani’s Reliance Industries Ltd will commission a new energy giga complex in Gujarat in the second half of 2024, the company said in an earnings statement and investor call. Reliance is building a giga complex spread over 5,000 acres in Jamnagar in Gujarat. The complex...
NEW DELHI: Power consumption in the country witnessed an on-year rise of nearly 8 per cent to 1,221.15 billion units (BU) during the April-December period of this fiscal, indicating a surge in economic activities. Power consumption in the country stood at 1,132.11 BU in April-December 2022-23. Industry experts said...
NEW DELHI: Only zero emission cars can contribute towards a reduction in air pollution, cutting burgeoning fuel imports and attaining net zero targets, according to Tata Motors Passenger Vehicles Managing Director Shailesh Chandra. Amid demands from a certain section of the industry to cut taxes levied on hybrid cars,...
NEW DELHI: The interim Budget for 2024-25 could peg India’s nominal GDP growth for the next financial year at 10.7% or thereabouts, going by the median of a poll of 15 economists. The estimates for nominal GDP growth for the next fiscal range from 9.5% to 11.3%, with most...
NEW DELHI: Retail inflation for farm workers and rural labourers increased marginally to 7.71 per cent and 7.46 per cent in December compared to 7.37 per cent and 7.13 per cent, respectively, in November due to higher prices of certain food items.Food inflation stood at 9.95 per cent and...
NEW DELHI: India has ranked at 127 out of 146 countries in terms of gender parity — an improvement of eight places from last year — according to the World Economic Forum’s annual Gender Gap Report, 2023. The World Economic Forum (WEF) ranked India at 135 out of 146...
MUMBAI: Foreign banks stepped up their purchases of Indian government bonds in January ahead of the country’s inclusion in global bond indices later this year. According to bond market dealers, the rise in demand for dated securities among foreign banks is also because of forward rate agreements (FRA) with...
NEW DELHI: Service sector companies in the information technology (IT), banking and finance segments comprise nearly half of the new jobs created in FY23 by India Inc, while firms in the manufacturing, infrastructure and consumption sectors saw moderate job creation, according to the latest study by Bank of Baroda...