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India’s defence export projected to grow at 18 pc by 2030: Report

Sep 9, 2024

New Delhi, Sep 9 (IANS) India's defence export is estimated to grow at 18 per cent CAGR (compound annual growth rate) from FY24-FY30, driven by the 'Make in India' initiative and thrust on local manufacturing.According to global investment firm Jefferies, which cited factors such as geopolitical tensions and the government's push to indigenisation…

Cost of EVs to match petrol, diesel vehicles in about 2 years: Nitin Gadkari

Sep 9, 2024

New Delhi, Sep 9 (IANS) As the adoption of electric vehicles (EVs) increase in the country, the cost of EVs will almost match petrol and diesel vehicles within the next two years, Union Minister for Road Transport and Highways, Nitin…

Business

Gold jewellery retailers’ sales to surge 22-25 pc in India after sharp duty cut

Sep 9, 2024

New Delhi, Sep 9 (IANS) After the sharp reduction in import duty announced in the Union Budget, the revenues of organised gold jewellery retailers will increase 22-25 per cent this fiscal (year-on-year) — a solid 500-600 basis points (bps)…

Business

Taking aggressive steps to open offices in rural areas: Zoho chief

Sep 9, 2024

New Delhi, Sep 9 (IANS) Zoho CEO Sridhar Vembu on Monday said the company is taking aggressive steps to open offices in rural areas.Vembu said this, even as the Chennai-based SAAS company opened another office in a rural area of Tamil…

Business

Sensex opens lower amid weak global cues

Sep 9, 2024

Mumbai, Sep 9 (IANS) Indian equity indices opened in the red on Monday following weak global cues.At 9.32 a.m., Sensex was down 215 points or 0.27 per cent at 80,968 and Nifty was down 78 points or 0.32 per cent at 24,773.Broader market…

Business

Adani Green Energy fully redeems $750 million Holdco Notes

Sep 9, 2024

Ahmedabad, Sep 9 (IANS) Adani Green Energy Ltd (AGEL) on Monday said it has completed the redemption of all outstanding 750 million dollars Holdco Notes (4.375 per cent) through a fully-funded redemption reserve account.The Adani Group…

Business

South Korea to issue legislative notice for new EV safety regulations

Sep 9, 2024

Seoul, Sep 9 (IANS) The transport ministry here said on Monday it plans to issue a legislative notice for new government regulations regarding electric vehicle (EV) safety, announced last week in response to public concerns over EV…

Business

It’s Glowtime: iPhone 16 series with Apple Intelligence, new health features in Watch

Sep 9, 2024

Cupertino (California), Sep 8 (IANS) As Apple gears up to launch its new iPhone 16 series and other devices, reports claim that the tech giant may bring sleep apnea sensor and glucose monitor to its new Watch series, along with much-awaited…

Business

Green energy push: Gujarat to install solar rooftop systems on govt buildings

Sep 8, 2024

Gandhinagar, Sep 8 (IANS) The Gujarat government has announced plans to install 48 MW of solar rooftop systems on various state government buildings during the 2024-25 fiscal year as part of its ongoing efforts to promote renewable energy…

Business

Indian edtech sector sees 96 pc growth in funding, long-term outlook strong

Sep 8, 2024

New Delhi, Sep 8 (IANS) The Indian edtech sector witnessed $164 million in funding in the January-June period this year, a 96 per cent increase compared to the $81.9 million raised in the same period last year.The ecosystem, with…

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