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Foreign portfolio investors bullish on Indian markets, pumps Rs 23,786 crore since June 10

Jun 22, 2024

New Delhi, June 22 (IANS) Buoyed by the policy and reform continuity, foreign portfolio investors (FPIs) have altered their position in the equity market following the election results, injecting Rs 23,786 crore since June 10, industry analysts said on Saturday.There are three primary reasons for this positive inflow."First, the continuity of the…

India’s innovation ecosystem poised for exponential growth: Industry

Jun 22, 2024

New Delhi, June 22 (IANS) India's innovation ecosystem is poised for exponential growth, driven by robust government policies, increased venture capital and a dynamic talent pool, industry experts said on Saturday. The country is likely to…

Business

28 Indian startups raised over $800 mn in funding this week

Jun 22, 2024

New Delhi, June 22 (IANS) About 28 Indian startups have raised $800.5 million in funding across 29 deals this week. This represents an increase of 296 per cent from the $201.8 million secured by the startups last week across 21 deals,…

Business

How Vadhavan port will put India on global map, generate lakhs of jobs

Jun 22, 2024

Mumbai, June 22 (IANS) The proposed mega Vadhavan port in the Palghar district of Maharashtra, worth Rs 76, 220 crore, would not only boost sea-based trade but also herald a new wave of industrial development towards the country becoming…

Business

FM Nirmala Sitharaman holds pre-Budget meeting with finance ministers of states

Jun 22, 2024

New Delhi, June 22 (IANS) Union Minister for Finance Nirmala Sitharaman chaired pre-Budget consultations with the Finance Ministers of states and Union Territories to take their views on board for the upcoming Union Budget 2024-25 here on…

Business

Centre approves Rs 13,595 crore to evacuate green energy from Rajasthan, Karnataka

Jun 22, 2024

New Delhi, June 22 (IANS) Central government has approved two new Inter State Transmission System (ISTS) schemes to evacuate 9 GW of renewable energy from Rajasthan and Karnataka with an investment of Rs 13,595 crore, the Ministry of Power…

Business

ADB approves $250 million loan to Pakistan for sustainable investment

Jun 22, 2024

Islamabad, June 22 (IANS) The Asian Development Bank (ADB) has signed an agreement for a 250 million US dollar policy-based loan to assist Pakistan's sustainable investments in infrastructure and services through public-private…

Business

FMCG sales growth in rural areas to outstrip urban markets: Report

Jun 22, 2024

New Delhi, June 22 (IANS) Rural India has bounced back as a buyer of fast-moving consumer goods (FMCG) such as soaps and soft drinks and sales of these goods are expected to expand at a faster pace than urban areas in the second quarter of…

Business

Atal Pension Yojana adds record 12.2 million new members in 2023-24

Jun 22, 2024

New Delhi, June 22 (IANS) A record 12.2 million new accounts were opened in the Atal Pension Yojana (APY) during 2023-24 taking the total enrolments to 66.2 million under the government’s social security scheme, according to figures…

Business

Overseas Indians’ faith grows in Indian economy with $1 billion deposits in April

Jun 22, 2024

New Delhi, June 22 (IANS) Showing their confidence in the resilient Indian economy despite global macroeconomic conditions, non-resident Indians (NRIs) deposited around $1 billion in the country in April alone.Last year, overseas Indians…

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