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Recently, the Indian government authenticated the hallmarking of nine-carat jewellery Nine-carat gold jewellery is catching up in some regions of India, such as Bengaluru, among Gen Zees and Millennials, while people down further South in Tamil Nadu are still focused on gold purity, according to Vidita Kochar, founder of Jewelbox. "Down South, we have three stores -- two in Bengaluru and one in Chennai. And within that, all three stores cater to very different target audiences. So what we've r ...Read More >
Patna (Bihar) [India], October 17 (ANI): Rajya Sabha Deputy Chairman Harivansh and senior JD-U leader Harivansh on Friday took a dig at Rashtriya Janata Dal (RJD) leader Tejashwi Yadav and said he held important responsibilities as Bihar Deputy Chief Minister but did not leave a mark, and his leadership doesn't inspire any hope." In an interview with ANI, Harivansh stated that Tejashwi Yadav is contesting the elections, but his independent leadership is yet to be tested. "...Tejashwi Yadav is ...Read More >
Patna (Bihar) [India], October 17 (ANI): Rajya Sabha Deputy Chairman Harivansh and senior JDU leader on Friday praised Chief Minister Nitish Kumar's work in Bihar, saying that there is no alternative to him in the state. In an exclusive interview with ANI, Harivansh highlighted Nitish Kumar's vision, personal integrity, and transparency in politics. "There's no alternative to Nitish Kumar in Bihar. Among all the new people, if you compare Nitish's vision, no one can match him--personal integri ...Read More >
The government has reopened the application period for the Production Linked Incentive (PLI) scheme for white goods, covering air conditioners and LED lights, until November 10. The move comes after a strong response from the industry and rising investment interest under the programme. Originally, the fourth round of applications was open from September 15 to October 14. The reopening gives manufacturers additional time to participate and benefit from incentives designed to boost domestic produ ...Read More >
India recorded 937.2 mm of rainfall against the normal of 868.6 mm. New Delhi: The southwest monsoon withdrew from the entire country on Thursday, a day after the usual date of October 15, the India Meteorological Department (IMD) said. At the same time, the northeast monsoon has set in over Tamil Nadu, Puducherry and Karaikal, coastal Andhra Pradesh, Rayalaseema, south interior Karnataka and Kerala-Mahe, the IMD said. This year, the monsoon reached Kerala on May 24, its earliest onset over ...Read More >
The World Bank also raised its FY26 projection to 6.5%. Despite a downgraded global growth outlook, the IMF now considers India a key engine for global growth, affirming its economic significance. New Delhi [India]: The International Monetary Fund (IMF) on Tuesday revised India's growth forecast for the fiscal year 2025-26 (FY26) upward to 6.6%, a 0.2 percentage point increase from its previous estimate of 6.4%. This revision is largely due to India's strong growth momentum in the first quarter ...Read More >
The fund is open for subscription under a New Fund Offer (NFO) till October 26, at ₹10 per unit.Axis Max Life Insurance has launched the Axis Max Life India Consumption Opportunities Fund, an actively managed equity fund aimed at tapping into India's growing domestic consumption economy. The fund is open for subscription under a New Fund Offer (NFO) till October 26, at ₹10 per unit. It will be available exclusively through select Axis Max Life unit-linked insurance plans, including the Flex ...Read More >
At a startup in India, developers are improving AI chatbots that communicate like humans. LimeChat aims to drastically reduce customer service jobs by automating responses, cutting staff by 80% for 10,000 monthly queries. Cofounder Nikhil Gupta says once clients hire their AI agents, they won't need to hire people again. At a startup office in this Indian city, developers are fine-tuning artificial-intelligence chatbots that talk and message like humans. The company, LimeChat, has an audacious ...Read More >
They are aimed at transforming the industries sector in the State by positioning it an attractive destination for sustainable initiatives. Industries Minister P. Rajeeve on Wednesday unveiled three policies -- Kerala Export Promotion Policy; Kerala Logistics Policy; and Kerala Environmental, Social, and Governance (ESG) Policy as well as the Kerala Hi-Tech Framework, aimed at transforming the industries sector in the State by positioning it an attractive destination for sustainable initiatives. ...Read More >
India's general government capital expenditure (capex) is expected to stay close to 5% of GDP in FY26, slightly below 5.1% recorded in FY25 and well under the FY24 peak of 5.4%, according to Emkay Research.The report, cited by ANI showed that for the first five months of this fiscal, public capital expenditure has remained strong. Over the period, the Centre spent about 39% of its budgeted capital outlay, marking a growth of over 43%."If the trend sustains, FY26 general government capex/GDP is l ...Read More >
This article first appeared on GuruFocus. Alphabet (GOOGL, Financials) is putting $10 billion into a massive new data center hub in India, underscoring how central the country has become to the company's global strategy. The project, located in Andhra Pradesh, will include three campuses in Adavivaram, Tarluvada, and Rambilli. Once complete, it will provide about 1 gigawatt of computing capacity and form the backbone of what Google calls India's first international AI Infrastructure Hub. Befo ...Read More >
Finance Minister Nirmala Sitharaman asserted India's strong capacity to absorb global shocks amid a structural world economic transformation. Speaking at the Kautilya Economic Conclave, she emphasized India's domestic-driven growth, which minimizes external impact. New Delhi, Finance Minister Nirmala Sitharaman on Friday said India's capacity to absorb external shocks is strong at a time when the world economy is undergoing a structural transformation. She said the task before nations is not o ...Read More >
New Delhi [India], October 3 (ANI): Highlighting India's growing economic potential, the 15th Finance Commission Chairman NK Singh stated that the country's large unsaturated domestic market offers significant opportunities for private investment, public-private partnerships, external private investment, and internal resource mobilisation. Speaking on the sidelines of the 4th 'Kautilya Economic Conclave 2025' in the national captial on Friday, Singh said, "We are at the inflexion point when the ...Read More >
New Delhi [India], October 3 (ANI): Highlighting India's growing economic potential, the 15th Finance Commission Chairman NK Singh stated that the country's large unsaturated domestic market offers significant opportunities for private investment, public-private partnerships, external private investment, and internal resource mobilisation. Speaking on the sidelines of the 4th 'Kautilya Economic Conclave 2025' in the national captial on Friday, Singh said, "We are at the inflexion point when the ...Read More >
NEW DELHI, Sept 30 (Reuters) - India's trade pact with four European nations, including Switzerland and Norway, will take effect from Wednesday, boosting exports of textiles, leather and food products while attracting investments, a government statement said. Under the Trade and Economic Partnership Agreement, opens new tab, signed last March after nearly 16 years of negotiations, the European Free Trade Association - comprising Switzerland, Norway, Iceland and Liechtenstein - will cut tariffs ...Read More >
New Delhi: The government is considering a proposal for creation of a Rs 20,000 crore risk guarantee fund for the infrastructure sector to push investment by the private sector.The establishment of a risk guarantee fund for the infrastructure sector is expected to attract private sector investment by sharing project risks, thereby reducing the burden on project developers, sources said. The fund with initial corpus of Rs 20,000 crore may be managed by National Credit Guarantee Trustee Company L ...Read More >
Chennai-based GrowXCD Finance, which lends to small businesses, has secured around Rs 200 crore in funding. Swiss firm Blue Earth Capital led with Rs 105 crore, and Prosus Ventures added Rs 70 crore. Lok Capital increased its stake with Rs 21 crore, becoming the company's largest shareholder.Swiss impact investment firm Blue Earth Capital and Amsterdam Stock Exchange-listed Prosus Ventures and others have together invested about Rs 200 crore in Chennai-headquartered GrowXCD Finance, a startup le ...Read More >
Lucknow: Senior Samajwadi Party leader and former minister Gayatri Prajapati was attacked by a fellow inmate inside Lucknow Jail on Tuesday. The scuffle took place within the jail premises, after which prison authorities launched an internal inquiry. According to a statement issued by Dr Ramdhani, DIG Prisons, Lucknow Range, the incident occurred after Prajapati allegedly used abusive language towards another inmate, Vishwas Rajput. In response, Vishwas attacked Prajapati using a sharp object i ...Read More >
New Delhi, Oct 1 (PTI) The free trade agreement between India and the four-nation European bloc EFTA came into force on Wednesday, under which the country has received an investment commitment of USD 100 billion over 15 years, while lowering or removing duties on products like Swiss watches and chocolates. The European Free Trade Association (EFTA) members are Iceland, Liechtenstein, Norway, and Switzerland. It was signed on March 10, 2024. Commerce and Industry Minister Piyush Goyal said the ...Read More >
Shah Rukh Khan and his family top the M3M Hurun India Rich List 2025 with Rs 12,490 crore, driven by Red Chillies Entertainment. Juhi Chawla & family secure the second spot, followed by Hrithik Roshan, Karan Yash Johar, and Amitabh Bachchan & family, highlighting Bollywood's wealthiest through diverse ventures and brand influence. Bollywood's Badshah Shah Rukh Khan and his family have topped the M3M Hurun India Rich List 2025, leading the pack with a wealth of Rs 12,490 crore, driven by the div ...Read More >
New Delhi [India], October 1 (ANI): Mukesh Ambani has reclaimed his position as the richest Indian, overtaking Gautam Adani, according to the M3M Hurun India Rich List 2025 released on Wednesday. With a wealth of Rs. 9.55 lakh crore (USD 105 billion), the 68-year-old Reliance Industries Chairman returned to the top spot, while Adani, 63, and his family followed closely with Rs. 8.15 lakh crore. For the first time in the history of the list, a woman has made it to the top three. Roshni Nadar Mal ...Read More >
New Delhi [India], October 1 (ANI): Mukesh Ambani has reclaimed his position as the richest Indian, overtaking Gautam Adani, according to the M3M Hurun India Rich List 2025 released on Wednesday. With a wealth of Rs. 9.55 lakh crore (USD 105 billion), the 68-year-old Reliance Industries Chairman returned to the top spot, while Adani, 63, and his family followed closely with Rs. 8.15 lakh crore. For the first time in the history of the list, a woman has made it to the top three. Roshni Nadar Mal ...Read More >
New Delhi [India], October 1 (ANI): Mukesh Ambani has reclaimed his position as the richest Indian, overtaking Gautam Adani, according to the M3M Hurun India Rich List 2025 released on Wednesday. With a wealth of Rs. 9.55 lakh crore (USD 105 billion), the 68-year-old Reliance Industries Chairman returned to the top spot, while Adani, 63, and his family followed closely with Rs. 8.15 lakh crore. For the first time in the history of the list, a woman has made it to the top three. Roshni Nadar Mal ...Read More >
New Delhi: RBI governor Sanjay Malhotra on Wednesday cautioned that the US-imposed 50% tariffs on Indian exports will weigh on India's growth momentum, even as he expressed confidence in the economy's resilience. Presenting the monetary policy review, he said growth in the second half of FY2025-26 could decelerate due to global trade uncertainties, though domestic factors will cushion the impact. Tariff And Trade Risks Malhotra highlighted that 25% of the tariffs are 'reciprocal' while another ...Read More >
New Delhi, Oct 1 (SocialNews.XYZ) India's billionaire club is growing at a record pace, with the country adding more than one billionaire every week this year, a new report said on Wednesday. The M3M Hurun India Rich List 2025 shows that India now has 350 billionaires, six times higher than when the list was first released 13 years ago. The 14th edition of the Hurun list features 1,687 individuals with wealth of over Rs 1,000 crore. This includes 284 new entrants, with the total number rising ...Read More >
New Delhi [India], October 1 (ANI): With good monsoon and GST rate rationalization, the Reserve Bank of India (RBI) has revised the growth projections for FY 26 upwards. The gross domestic product (GDP) growth forecast for FY26 has been revised upward to 6.8 per cent, with quarterly estimates of 7 per cent in Q2 as against 6.7 per cent announced earlier, 6.4 per cent in Q3 as compared to 6.6 per cent earlier, and 6.2 per cent in Q4 as against 6.3 per cent projected earlier. Growth for Q1 of th ...Read More >
KOLKATA: India's external debt rose by 1.5%, or $11.2 billion, in the first quarter to $747.2 billion in this fiscal year, central bank data showed. More than 93% of the debt is covered by the country's foreign-exchange stockpile. On a year-on-year basis, external debt increased by 9.6%, from $681.5 billion in the year-ago period. The external debt to GDP ratio, however, moderated to 18.9% from 19.1% three months ago. The ratio of India's international assets to international liabilities also ...Read More >
NEW DELHI: Average GDP growth rate of 12.2% is needed to start addressing India's underemployment challenge and a bigger push is needed for a pro-growth, pro-jobs policy agenda to tackle the country's high youth unemployment problem, a report by investment banking and financial services firm Morgan Stanley has said."In our base case, India's GDP will grow at an average of 6.5% over the coming decade, one of the fastest-growing economies globally. But this pace will not be enough to generate enou ...Read More >
New Delhi: Higher spending and lower net tax collection widened the Centre's fiscal deficit up to August in this financial year to 38.1% of the annual target, compared with 27% a year before, showed the official data released on Tuesday. In absolute terms, the fiscal gap stood at ₹5.98 lakh crore until August, against ₹4.35 lakh crore a year before, the data showed. The Centre front-loaded its spending this fiscal, especially on capital projects, to support economic growth, unlike in the initi ...Read More >
New Delhi: The Asian Development Bank (ADB) on Tuesday projected India's economic growth at 6.5% each for this fiscal year and the next. The latest forecast for FY26 is unchanged from ADB's Asian Development Outlook (ADO) in July when the multilateral lender pared India's growth to 6.5% from 7% estimated in April due to the impact of newly-imposed US tariffs on Indian goods. The FY27 estimate marks a cut from 6.7% estimated in July. ADB noted India's strong 7.8% growth in Q1FY26 but warned that ...Read More >
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