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Indian paper industry warns of a surge in imports following GST reforms, potentially undermining 'Make in India'. With uncoated paper for notebooks now tax-free on imports, domestic manufacturers face higher costs and reduced competitiveness. This change could significantly impact the education sector and burden students with increased prices. Indian paper industry has raised concern over the potential surge in paper imports following the recent GST reforms, warning that the move could erode do ...Read More >
New Delhi: Demand at India's top carmakers saw a sharp spike after cuts in goods and services tax (GST) rates late in September coincided with the Navratri to Diwali festive season sales when companies recorded double-digit growth. The good news for the industry now is that there are early signs that the momentum will likely remain strong in the months and quarters ahead, top carmakers and industry veterans said. Tata Motors Passenger Vehicles Ltd expects 7-8% growth in the industry's sales be ...Read More >
New Delhi, Oct 22 (SocialNews.XYZ) India's luxury goods market is projected to see 10 per cent growth to reach $12.1 billion by 2025, emerging as a significant player in the global luxury market, a new report has said. The luxury retail landscape is being reimagined, with brands moving beyond transactional spaces to offer curated lifestyle experiences, according to data analytics company Euromonitor International. South Africa (15 per cent), India (10 per cent), and the United Arab Emirates (9 ...Read More >
Rapido began as a bike-taxi service and has steadily evolved into a comprehensive mobility app. ShowQuick Read Summary is AI-generated, newsroom-reviewed Rapido, known for bike taxis, is expanding into travel bookings, adding hotels, flights, buses, and trains via partnerships with Goibibo, redBus, and ConfirmTkt. The app aims to offer seamless travel for its 50 million users across India Did our AI summary help? Let us know. Switch To Beeps Mode Rapido, India's popular ride-hailing platf ...Read More >
UK-based Investec initiated coverage on Adani Ports with a buy rating and a target price of Rs 1,715, implying 23.5% upside from the previous close. The brokerage highlighted strong organic growth potential, efficient operations, a robust balance sheet, and deleveraging, projecting 15% revenue CAGR over FY25-30. Adani Ports' integrated logistics and marine services further enhance long-term growth prospects. UK-based Investec became the latest brokerage to initiate coverage on Adani Ports and S ...Read More >
New Delhi, Oct 6 (SocialNews.XYZ) Assets under management of passive mutual funds in India reached Rs 12.2 lakh crore in 2025, marking a 6.4-fold increase since 2019 and a compound annual growth rate of approximately 36 per cent, a report said on Monday. Around 76 per cent of retail mutual fund investors are aware of index funds or ETFs, with 68 per cent holding at least one passive product in 2025, an increase from approximately 61 per cent in 2023, the report from Motilal Oswal Mutual Fund sa ...Read More >
The Electronics Component Manufacturing Scheme has attracted investment. Union Minister Ashwini Vaishnaw announced proposals worth Rs 1.15 lakh crore. This amount exceeds initial targets for investment and employment. The scheme aimed for Rs 59,000 crore investment. It also promises 1.41 lakh jobs, surpassing the 91,600 target. The application window for capital equipment remains open. The Electronics Component Manufacturing Scheme has attracted investment proposals worth Rs 1.15 lakh crore, Un ...Read More >
New Delhi [India], October 2 (ANI): The Indian banking sector is set to witness earnings recovery in the second half of FY26, after a muted September quarter performance marked by margin pressure, moderate credit growth and a decline in profitability across private and public lenders, according to a research report by Motilal Oswal Institutional Equities. The report highlighted that systemic credit growth, at 10.3 per cent (YoY) as of September reflected demand softness in both retail and corpo ...Read More >
New Delhi [India], October 2 (ANI): The Indian banking sector is set to witness earnings recovery in the second half of FY26, after a muted September quarter performance marked by margin pressure, moderate credit growth and a decline in profitability across private and public lenders, according to a research report by Motilal Oswal Institutional Equities. The report highlighted that systemic credit growth, at 10.3 per cent (YoY) as of September reflected demand softness in both retail and corpo ...Read More >
Earlier, the company had filed draft papers in January proposing a fresh issue of 1.83 crore equity shares and an OFS of 25.31 lakh shares by the promoter. The current structure reflects a higher promoter stake being offered to investors. New Delhi, Fertility services provider Gaudium IVF and Women Health Ltd has refiled its draft papers with capital markets regulator Sebi to raise funds through an initial public offering (IPO). The proposed offering comprises a fresh issue of 1.14 crore equit ...Read More >
Pune (Maharashtra) [India], September 30: For investors looking to participate in the potential growth of companies across the large, mid and small cap markets, a flexi cap fund may be a potentially suitable option. Unlike category-specific funds, a flexi cap fund offers fund managers flexibility to allocate investments based on market conditions and potential opportunities. Flexi cap funds may provide investors with exposure to relative stability from large caps as well as potential growth from ...Read More >
NewsVoirPune (Maharashtra) [India], September 30: For investors looking to participate in the potential growth of companies across the large, mid and small cap markets, a flexi cap fund may be a potentially suitable option. Unlike category-specific funds, a flexi cap fund offers fund managers flexibility to allocate investments based on market conditions and potential opportunities. Flexi cap funds may provide investors with exposure to relative stability from large caps as well as potential gro ...Read More >
NEW DELHI: EC on Thursday revised the rules relating to counting of postal ballots, making it mandatory for all postal ballot papers to be counted before the penultimate round of EVM/VVPATs counting is taken up.The new practice will be first implemented in Bihar where assembly polls are due in Nov.This restores the arrangement prior to May 2019, when EC had changed the guidelines to allow EVM counting to proceed regardless of postal ballot counting stage. The 2019 change did not rule out chances ...Read More >
MUMBAI: Firoz Mistry, the older son of the late Cyrus Mistry, has been appointed to the board of Afcons Infrastructure, marking his first directorship in an operating entity of the Shapoorji Pallonji (SP) Group. His appointment comes weeks after his cousin Pallon Mistry was inducted into the Afcons board. The move enhances his role within the construction-to-real estate group, where he has been involved in select projects and specific functions like strategy, human resources, and governance. It ...Read More >
BMW Ventures IPO opened for subscription with just 5% bids on Day 1, showing a muted start. The Rs 231.66 crore issue has no grey market premium yet, indicating weak sentiment. Retail saw 7% subscription, while NIIs and QIBs stayed away. The Rs 231.66 crore IPO of BMW Ventures Ltd opened for subscription on Wednesday, but initial investor interest appears muted for the issue. As of 12:10 PM on Day 1, the IPO was subscribed only 5% against the total offer of 2.34 crore shares, based on data from ...Read More >
India's Global Capability Centers (GCCs) are evolving from cost-saving back offices to innovation hubs, driving global product development and digital solutions. With over 1,600 GCCs currently, projected to generate $121 billion in revenue by 2030, India is becoming a strategic innovation powerhouse. For decades, India has been perceived globally as the world's back office, a reliable destination for IT services, business process outsourcing, and support functions. But in recent years, this nar ...Read More >
New Delhi, Sep 15 (SocialNews.XYZ) Indian equities, under the Nifty50 basket, have delivered a compound annual growth rate (CAGR) of 14 per cent over the past 20 years, multiplying investors' wealth by 13 times, according to a report released on Monday. Gold, meanwhile, slightly outperformed equities with a 14.7 per cent CAGR, growing 16 times during the same period. In comparison, real estate and the debt market generated more modest returns, compounding annually at 7.7 per cent and 7.5 per c ...Read More >
New Delhi [India], September 14 (ANI): The Indian luggage industry is projected to grow at a healthy CAGR of 12 per cent to reach Rs 267 billion by Calendar Year (CY) 2028, up from an estimated Rs 170 billion in CY24, according to a report by Motilal Oswal Financial Services. The report added that the sector, which had shrunk to Rs 60 billion in CY20 due to the pandemic, has staged a remarkable recovery with a 37 per cent CAGR between CY20 and CY23. Also Read | Kolkata Fatafat Result Today, Se ...Read More >
New Delhi [India], September 14 (ANI): The Indian luggage industry is projected to grow at a healthy CAGR of 12 per cent to reach Rs 267 billion by Calendar Year (CY) 2028, up from an estimated Rs 170 billion in CY24, according to a report by Motilal Oswal Financial Services. The report added that the sector, which had shrunk to Rs 60 billion in CY20 due to the pandemic, has staged a remarkable recovery with a 37 per cent CAGR between CY20 and CY23. "India's travel landscape has transformed dr ...Read More >
Mumbai (Maharashtra) [India], September 13 (ANI): Congress MP Shashi Tharoor on Saturday highlighted the importance of tourism for India's economy, and said it provides jobs and increases government revenue. Tharoor called for improved infrastructure, enhanced safety for women tourists, and the development of more mid-range hotels. Speaking to the reporters at Skal India National Congress 2025, Shashi Tharoor said, "We have a lot of things to do. Tourism is very important. This gives employmen ...Read More >
Eight crop segments -- rice, cotton, wheat, soybean, chillies, grapes, sugarcane and gram -- contribute about 65 per cent of the domestic agrochemical market. India's agrochemical exports nearly trebled in 10 years to $3.3 billion in FY25, up from $1.3 billion in 2014-15, making the country the third-largest exporter of agrochemicals after China and the US, a report by the Agro-Chemicals Federation of India (ACFI) and Deloitte released late last evening showed. To sustain the momentum, ACFI ha ...Read More >
Bengaluru : As generative AI becomes essential to business operations, organizations are being forced to rethink outdated infrastructure models, finds a new IDC research paper commissioned by Akamai Technologies (NASDAQ: AKAM), the cybersecurity and cloud computing company that powers and protects business online. According to the research paper titled "The Edge Evolution: Powering Success from Core to Edge," Asia-Pacific (APAC) enterprises are realizing that centralized cloud architecture alone ...Read More >
Chennai, Aug 28 (SocialNews.XYZ) Tamil Nadu has once again emerged as the country's leader in industrial employment, with Chief Minister M.K. Stalin attributing the achievement to the policies of the Dravidian model government. Citing the Union government's Annual Survey of Industries 2023-24, CM Stalin said the recognition from New Delhi is itself the strongest rebuttal to critics, who have been "targeting" the state government on the industrial and economic fronts. In a post on 'X', the Chie ...Read More >
New Delhi [India], August 28 (ANI): India's digital economy is growing at an unprecedented pace, and at the centre of this transformation are Global Capability Centres (GCCs). As per a TeamLease Digital report, "GCCs will contribute over 22-25 per cent of net new white-collar tech jobs in 2025, led by demand in AI and cloud computing". The report notes that of the 4.7 million fresh tech jobs expected by 2027, GCCs alone will create over 1.2 million opportunities. Artificial intelligence (AI), c ...Read More >
Jaipur, Aug 28 (PTI) The Rajasthan High Court on Thursday cancelled the contentious police sub-inspector recruitment exam-2021 owing to paper leak. Justice Sameer Jain in a detailed judgment cancelled the exam 2021 which was the bone of contention for both BJP and Congress governments in the state. "Illegality and fraud on the system was so conspicuous. It is strange that the state government did not take action any decision on the subject. The court's decision hopefully will act as a deterren ...Read More >
New Delhi [India], August 28 (ANI): India's digital economy is growing at an unprecedented pace, and at the centre of this transformation are Global Capability Centres (GCCs). As per a TeamLease Digital report, "GCCs will contribute over 22-25 per cent of net new white-collar tech jobs in 2025, led by demand in AI and cloud computing". The report notes that of the 4.7 million fresh tech jobs expected by 2027, GCCs alone will create over 1.2 million opportunities. Artificial intelligence (AI), c ...Read More >
Crisil Ratings anticipates a 9-11% revenue increase for diversified EPC companies this fiscal year, fueled by infrastructure capital expenditure growth and efficient project execution. The study, encompassing 15 firms with a combined revenue of ₹3.15 lakh crore, highlights the sector's reliance on government and private capex. Diversified engineering, procurement and construction (EPC) companies are likely to witness a modest rise of 9-11 per cent in revenue in the current financial year, acco ...Read More >
RBI Governor Sanjay Malhotra on Monday asked banks and corporates to come together and drive the "animal spirits" RBI Governor Sanjay Malhotra on Monday asked banks and corporates to come together and drive the "animal spirits" to create an investment cycle, as the country navigates a choppy global economic environment. In his inaugural address at the annual banking conference 'FIBAC 2025', the Governor said RBI is examining measures to expand bank credit including the sunrise sectors. "I woul ...Read More >
New Delhi [India], August 25 (ANI): India's contract research, development, and manufacturing organisation (CRDMO) sector is emerging as one of the most dynamic growth stories in the global pharmaceutical landscape. According to a recent Jefferies India report, the country's CRDMO, which has already reached revenues of around USD 3 billion, has grown at a compound annual growth rate (CAGR) of 14 per cent over the past five years. The report highlights that India's CRDMO industry has caught the ...Read More >
The Centre has outlined a series of measures to strengthen India's aircraft Maintenance, Repair and Overhaul (MRO) industry as it works towards meeting the target of fulfilling 90 per cent of the country's MRO requirements domestically by 2040. Minister of State for Civil Aviation Murlidhar Mohol told Parliament that the government had introduced policy reforms, tax incentives and regulatory easing to create a conducive business environment for MRO providers, including Air India Engineering Ser ...Read More >
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