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India’s electronics manufacturing services sector to reach Rs 6 lakh crore in FY27

Dec 2, 2024

New Delhi, Dec 2 (IANS) Driven by government initiatives like production-linked incentive (PLI) scheme, the electronics manufacturing services (EMS) sector is likely to grow to Rs 6 lakh crore in FY27 from Rs 1.46 lakh crore in FY22, and do well over short to medium term, a report showed on Monday.The electronics manufacturing sector is on the cusp…

India records 45 pc surge in FDI to $29.79 billion in April-Sept

Dec 2, 2024

New Delhi, Dec 2 (IANS) Foreign Direct Investment (FDI) inflows into India surged by a robust 45 per cent to $29.79 billion in April-September during the current financial year compared to $20.5 billion in the same period during 2023-24,…

Business

Indian NBFCs to see asset growth at 15-17 pc over 2 fiscals, still above decadal average

Dec 2, 2024

New Delhi, Dec 2 (IANS) The assets under management (AUM) growth of non-banking financial companies (NBFCs) in the country is set to moderate to 15-17 per cent in the current and next fiscals (FY25 and FY26), according to a report on…

Business

SUVs propel growth in car sales during November

Dec 1, 2024

New Delhi, Dec 1 (IANS) There was an uptick in the sale of cars and SUVs in the domestic market during November with market leader Maruti Suzuki India Ltd, Tata Motors, and Toyota Kirloskar recording an increase in dispatches to dealers…

Business

Number of women filing income tax returns in India surge 25.3 pc in 4 years

Dec 1, 2024

New Delhi, Dec 1 (IANS) The total number of women filing income tax returns in India has shot up by a robust 25.3 per cent in the last four years from 1.83 crore in assessment year (AY) 2019-20 to over 2.29 crore in AY 2023-24, according to…

Business

25 pc hike in Centre’s capex to spur growth in second half of 2024-25: Report

Dec 1, 2024

New Delhi, Dec 1 (IANS) The Central government's capital expenditure is expected to increase by a robust 25 per cent in the second half of the financial year 204-2025 compared to the same period of the previous year, according to a report…

Business

Artisans rake in Rs 5.85 crore at IITF-2024 as stalls prove to be big hit

Dec 1, 2024

New Delhi, Dec 1 (IANS) The stalls put up by underprivileged artisans supported by the Union Ministry of Social Justice and Empowerment proved to be a huge draw among visitors during the IITF-2024 and netted record sales of Rs. 5.85 crore,…

Business

Ola Electric vehicle registrations decline by 33 pc in November

Dec 1, 2024

New Delhi, Dec 1 (IANS) After a blockbuster sales figure in October due to the festive season, Ola Electric vehicle registrations dropped by 33 per cent in November.According to Vahan portal data, the number of registrations of Ola Electric…

Business

Potato prices in Bengal retail markets likely to rise as traders threaten strike

Dec 1, 2024

Kolkata, Dec 1 (IANS) The price of potatoes, which is already high in the retail markets of West Bengal, might rise further in the coming week following the decision of the traders association to go for a strike if the ongoing impasse over…

Business

Market Outlook: RBI MPC, PMI and global economic data key factors for next week

Dec 1, 2024

New Delhi, Dec 1 (IANS) Indian market outlook for next week will be guided by major domestic and global economic events such as RBI's interest rate decision, manufacturing and services PMI data, auto sales, US job and PMI data, according to…

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