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247 mn Indian ‘entrepreneurial households’ to drive $95 trillion in transaction value by 2043

Jul 3, 2024

New Delhi, July 3 (IANS) India now has 247 million "entrepreneurial households" responsible for a whopping $8.8 trillion in transaction value for the fiscal year 2023, and expected to grow to $95.2 trillion by 2043 with an annual growth rate of 12.7 per cent, a report showed on Wednesday.These "entrepreneurial households" will be key players in…

Corporate investments will accelerate North-Eastern region’s growth: Experts

Jul 3, 2024

New Delhi, July 3 (IANS) There is a need to mobilise additional resources for the North-Eastern Region (NER) and an infusion of private funding is likely to accelerate development, experts said on Wednesday.At the CSR Connect, launched by…

Business

India now has over 300 Family Offices from 45 in 2018 with smaller cities in focus: Report

Jul 3, 2024

New Delhi, July 3 (IANS) Driven by robust economic growth in India, the country now has over 300 Family Offices as against 45 in 2018 who are catalysing the creation of jobs with an emphasis on responsible investing, a report showed on…

Business

Indian startups raised nearly $7 billion in first half of 2024

Jul 3, 2024

New Delhi, July 3 (IANS) Indian startups have raised nearly $7 billion in funding during the first half (H1) of 2024, more than the $5.92 billion raised in H1 2023.However, the figures are still far less than $20 billion in H1 2022,…

Business

After layoffs, Unacademy CEO denies rumours of merger, acquisition

Jul 3, 2024

New Delhi, July 3 (IANS) After reported layoffs of around 250 employees in the latest job cuts, edtech firm Unacademy Co-founder and CEO Gaurav Munjal on Wednesday denied the reports of a possible merger or an outright acquisition, saying…

Business

Pakistani minister urges early conclusion of preferential trade agreement with Azerbaijan

Jul 3, 2024

Islamabad, July 3 (IANS) Pakistani Minister of Commerce Jam Kamal Khan has called for an early conclusion of a preferential trade agreement and bilateral transit trade agreement with Azerbaijan."Pakistan attaches great importance to its…

Business

Committed to learning from India how to make AI more impactful for society: OpenAI

Jul 3, 2024

New Delhi, July 3 (IANS) India has a unique approach to making AI more beneficial for people and OpenAI is committed to learning from it, Srinivas Narayanan, Vice President of Engineering at OpenAI, said here on Wednesday.He said that India…

Business

World Bank classifies Mongolia as upper middle income country

Jul 3, 2024

Ulan Bator, July 3 (IANS) Mongolia has been reclassified by the World Bank from a lower-middle income country to an upper-middle income country for the 2024 fiscal year, announced the country's Finance Ministry on Wednesday.This marks…

Business

ClearTax ties up with Aditya Birla Capital Digital to simplify tax filing for financial services…

Jul 3, 2024

ClearTax, India's leading online tax-filing platform, has announced a collaborative partnership with Aditya Birla Capital Digital Limited (“ABCDL”), the wholly owned subsidiary and

Business

Transforming Industries: Taiwan Excellence to Showcase Groundbreaking Technologies at Taiwan Expo…

Jul 3, 2024

Taiwan Excellence, renowned for its pioneering innovations and advanced technology across various sectors, will set up a pavilion at Taiwan Expo India 2024 for the 7th consecutive year.

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