Speaking at the inaugural session of the World Leader Forum 2024, Vaishnaw said that more than 99% of all mobile phones used in India were being manufactured domestically. “This year Apple will be manufacturing their latest model in India. The value of electronics manufacturing in India had increased to $105 billion as of 2022-23, up from $29 billion in 2013-14. We are preparing a program where the component ecosystem can now come in the way electronics and mobile manufacturing has come in,” he said.
Visa is focusing on promoting digital economy participation by women entrepreneurs, noted Kelly Mahon Tullier at the Economic Times World Leaders Forum. She highlighted Visa's partnership with United Way of Mumbai, supporting over 10,000 women with training and tools to integrate into the digital economy, creating jobs and enhancing communities.
Indian shuttlers Nitesh Kumar and Sukant Kadam have advanced to the semifinals in their respective SL3 and SL4 categories at the Paris Paralympics. Nitesh secured a third consecutive win, while Sukant topped group B. Meanwhile, Mandeep Kaur has entered the women's singles SL3 quarterfinals after a strong performance against Australia's Vinot Celine Aurelie.
Tourism Minister Gajendra Singh Shekhawat announced that India’s tourism contribution is set to rise from 7.9% to over 10% of the economy within five years. The government is focusing on new tourism schemes, improving infrastructure, and engaging private investments to enhance tourist experiences and boost the industry’s growth, he said.
Members of the Kuki-Zo community organized rallies in Manipur demanding separate administration and protesting against alleged audio clips of Chief Minister N Biren Singh with objectionable comments. The rallies were held in Churachandpur, Kangpokpi, and Moreh, leading to business and school closures. Authorities claim the audio clips are doctored.
At ET World Leaders Forum in New Delhi, prominent business leaders discussed India's growth and the need for inclusive development. Participants highlighted the importance of improving youth employability, promoting healthy lifestyles, and reducing carbon emissions in the healthcare sector.
The pressure to show that the wider public is adopting ChatGPT-style AI chatbots is significant given the huge costs of delivering the technology. Facebook-owner Meta meanwhile on Friday said that usage of AI features across its platforms had jumped to 400 million monthly users and 185 million every week.
In August, Foreign Portfolio Investors (FPIs) were net buyers of Indian equities at Rs 7,320 crore, increasing their 2024 total to Rs 42,886 crore. FPIs' recent activity shows a fluctuating trend, with notable purchases in July and February-March, and sales in April-May and January.
The month ended as well; Nifty posted a monthly gain of 284.75 points (+1.14%) The markets are in a strong uptrend; however, once again it has created a situation wherein they have sharply deviated from their mean
State Bank of India (SBI): A new design of SBI FASTag was launched on August 30, 2024. As per SBI the new design of FASTag enhances vehicle identification and toll collection efficiency aimed at reducing travel time for millions of commuters in India. Read below to know which SBI customers can use it and how it will help.
Rahul Gandhi, the Leader of Opposition in the Lok Sabha, will visit the US from September 8-10. His engagements include interactions in Dallas and Washington DC with academic institutions, community members, and leaders. With this visit, Gandhi aims to engage with the Indian diaspora, diplomats, businesspersons, and media, said Indian Overseas Congress chief Sam Pitroda.
Gold investors will watch if the metal can maintain its rally or if it will follow the trend of September declines, averaging 3.2% since 2017. September is also weak for U.S. stocks, with a 1.5% S&P 500 drop historically.
The rapid development of infrastructure in India is transforming the nation's tourism landscape, with significant benefits for the hospitality sector. Puneet Chhatwal, Managing Director and CEO of The Indian Hotels Company Limited (IHCL), underscored the sector's pivotal role in this transformation.
Charlie Munger believed the key to big returns is patience and conviction in investing. ETMarkets is hosting an online session with Gautam Baid of Stellar Wealth Partners to guide investors on stock selection. Register for the event to enhance your investment strategy.
Union Minister Ashwini Vaishnaw highlighted India's strong economic growth and infrastructure development at the ET World Leaders Forum. He credited four growth pillars: public infrastructure investment, inclusive growth, manufacturing, and legal simplification. Notable achievements include a substantial increase in railway track construction and electrification, and the remarkable development of Vande Bharat trains, he said.
Speaking during the startup panel "Catalysts of Change: Crafting the Future Through Startups", Nikhil Goel, CCO, Archer Aviation and cofounder of Uber Elevate, said India has an opportunity for better infrastructure. "India has an incredible history, if you look empirically, of leapfrogging into new technologies. Over the last year, venture capital investors are seeing value in India's market and are excited about the opportunity here," Goel said.
Adani Green Energy, Adani Energy Solutions, and Adani Total Gas are eligible for entry into the derivatives segment. Nuvama estimates these stocks may enter the F&O market, with SEBI's final decision pending.
Emami has completed the acquisition of the remaining 49.6% stake in Helios Lifestyle, full owner of 'The Man Company'. This final acquisition strengthens Emami's presence in the digital-first premium male grooming segment, complementing its existing brands. Emami plans to further enhance the growth potential of The Man Company.
Ircon International, Deepak Fertilisers, and Sapphire Foods are among the companies set to be in focus next week as they reach record dates for dividends, bonus issues, rights issues, and stock splits. Record dates determine eligible shareholders for these offers, ensuring shares are in demat accounts by the stipulated time.
Wrestler Vinesh Phogat joined farmers protesting at the Shambhu border, urging the central government to address their demands for a legal guarantee for Minimum Support Price. As the protesters marked 200 days of the 'Delhi Chalo' agitation, Phogat voiced her support for them and highlighted their critical role in society.
Fixed Deposit: Senior citizens can earn up to 8.75% interest on fixed deposit (FDs) up to Rs 3 crore value. This high interest rate is being offered for an FD of tenure 5 years. Read here to know the full list of banks which are offering such a high interest rate on FDs.
