Air India will operate additional flights to Kolkata from Bengaluru, Hyderabad, Mumbai, and Delhi to meet the increased travel demand during Durga Puja. Starting from September 20, the services will enhance the frequency and convenience for travellers aiming to visit their loved ones during the festive season.
India's defence exports have multiplied over 30 times in the last decade, fueled by global conflicts and strategic government initiatives. The country now exports to over 90 nations, with the US being the largest buyer. In the first quarter of 2024-2025, exports rose by 78%, contributing to the government's ambitious target of achieving a turnover of Rs 1.75 lakh crore in defence manufacturing by 2025. The rise in exports is supported by both public and private sector efforts, marking India as a significant global defence player.
The Nifty Pharma index closed 0.14 per cent down at 22546.1.
As per latest data, retail inflation in India came down to to 3.5 per cent in July 2024, the lowest since September 2019, primarily because of a moderation in food inflation. FinMin's report highlighted that the steady progress in the southwest monsoon has helped kharif sowing.
India's organised gold loan market is forecasted to double to Rs 14.19 lakh crore by FY 2029, with a five-year compound annual growth rate (CAGR) of 14.85%, according to a PwC India report. The market, valued at Rs 7.1 lakh crore in FY 2023-24, faces moderated growth due to stricter regulations, including increased scrutiny on loan-to-value (LTV) ratios and auction procedures.
Macrotech Developers Ltd, a leading real estate firm, has launched projects worth Rs 3,000 crore in the June quarter and plans to introduce nearly Rs 12,000 crore worth of new properties by March next year. Operating under the Lodha brand, the company is expanding its presence from Mumbai and Pune to Bengaluru.
The National Highway Traffic Safety Administration announced it is closing a preliminary evaluation into hard braking issues in General Motors' autonomous Cruise vehicles. This decision follows Cruise's recall actions and software updates that reduced braking incidents. However, Cruise still faces investigations by the Justice Department and SEC after a robotaxi accident last October involving a pedestrian.
The government is heavily investing in a new scheme to upgrade industrial training institutes (ITIs), announced in the Union Budget 2024-25, with a total funding of Rs 60,000 crore over five years. The initiative aims to enhance skills training for two million youths through 1,000 revamped ITIs.
The Indian Medical Association will file an interlocutory application in the Supreme Court's suo motu case on the alleged rape and murder of a junior doctor in Kolkata. The IMA is also preparing to appear before the task force formed to ensure healthcare professionals' safety. Nationwide protests have impacted non-emergency services in health facilities.
The credit line on UPI could exceed $1 trillion in transaction value by 2030, according to Zeta. Key drivers include rising credit demand, a shift towards digital payments, and improved credit discovery and utilization. UPI credit lines provide banks with alternative data for better credit assessments, especially in under-served regions.
"The authority has demanded to pay an aggregate tax amount of Rs 10.50 lakh and a penalty of Rs 1.50 lakh. The authority has also proposed to levy interest as applicable," the filing said.
But if we look at the way crude prices are behaving, if we look at the way demand estimates continue to see a little bit of softness, there is a wide variance one has to say between the different organisations tracking it, OPEC is probably still closer to about 2 million barrels a day of demand for the next 12 months, whereas IEA is as low as 0.7-0.8 million barrels.
A social media user narrated how his Indian friend, with only a 10th-grade education, successfully ran a Gujarati restaurant in New Jersey, becoming a millionaire in a decade. The establishment’s strategic location and continuous customer loyalty defied typical restaurant business challenges, underscoring practical wisdom and intuition over formal education in entrepreneurship.
The BCCI has released the schedule for India's home series against England, featuring five T20Is and three ODIs from January 22 to February 12. Afterward, India will tour England for five Test matches from June to August 2025 at various iconic venues.
Thalapathy Vijay, one of Tamil cinema's most beloved and versatile actors, has delivered numerous blockbuster films over his illustrious career.
Nationwide protests by doctors over a trainee's alleged rape and murder in Kolkata have led to treatment delays at Delhi's RML Hospital. Reduced staffing is causing long queues and delays in elective surgeries. The Union Health Ministry has formed a National Task Force to ensure the safety of medical professionals.
Israeli police have arrested four individuals suspected of involvement in a violent attack by Jewish settlers on the Palestinian village of Jit in the occupied West Bank. The August 15 attack, which resulted in the death of one Palestinian and the injury of another, involved settlers armed with guns and Molotov cocktails. The incident, condemned by Israeli leaders including Prime Minister Benjamin Netanyahu, has intensified international criticism, particularly from the United States and European countries... Читать дальше...
As highlighted by the report, India's key economic indicators present a positive outlook, underpinned by robust domestic activity, improving external trade, and growing capital flows. It also showed that perceived employment conditions show mixed signals, overall growth indicators suggest sustained momentum as FY25 progresses.
As highlighted by the report, India's key economic indicators present a positive outlook, underpinned by robust domestic activity, improving external trade, and growing capital flows. It also showed that perceived employment conditions show mixed signals, overall growth indicators suggest sustained momentum as FY25 progresses.
Rahul Gandhi hints at a possible coalition with Farooq Abdullah’s National Conference Party ahead of Jammu & Kashmir polls, emphasizing respect for Congress workers. The elections are scheduled in three phases, starting on September 18. Gandhi and Congress chief Mallikarjun Kharge have been engaging with party workers in preparation.
After a long period of time, recently an Indian pharma company announced its intention to takeover a reasonably sized European company. This is more than just a single development, it is reflecting a change in underlying operating matrix of the pharma industry which for the last many years has been going through a period of readjustment and is now coming out of it. Not many may know that an Indian hospital chain operates a hospital in Cayman Island. The Indian healthcare and pharma sector are two... Читать дальше...
