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Business

GeM sets new benchmark, crosses Rs 4 lakh crore GMV within 10 months of FY25

about 8 hours ago

3 mins

The Government e Marketplace (GeM) in India has surpassed last year's Gross Merchandise Value (GMV) of Rs 4 lakh crore within 10 months of the fiscal year 2024-25, reaching Rs 4.09 lakh crore. The services segment, contributing 62% of the GMV, grew by nearly 100% with 19 new service categories. Central government entities, especially the Ministry of Coal, were key contributors. GeM has facilitated over 2.59 crore orders since inception, processing 49,960 orders in a single day, highlighting its efficiency.

Business

GeM sets new benchmark, crosses Rs 4 lakh crore GMV within 10 months of FY25

about 8 hours ago

Business

Odisha tops Niti Aayog's Fiscal Health Index, Chhattisgarh and Goa follows

about 9 hours ago

3 mins

Odisha ranks first in fiscal health among 18 major Indian states, as per NITI Aayog's "Fiscal Health Index 2025." The report, launched by Arvind Panagariya, assesses states based on expenditure quality, revenue mobilization, fiscal prudence, and debt sustainability. Jharkhand shows improvement, while Karnataka faces challenges. The report aims to guide policy reforms for sustainable growth and marks the start of an annual series providing insights into state fiscal health.

Business

Odisha tops Niti Aayog's Fiscal Health Index, Chhattisgarh and Goa follows

about 9 hours ago

Business

Ashwini Vaishnaw Showcases India's Growth and AI Ambitions at World Economic Forum in Davos

about 10 hours ago

3 mins

Ashwini Vaishnaw, India's Union Minister, presented India's growth story at the World Economic Forum in Davos, emphasizing a balanced approach to economic growth through both manufacturing and services. He highlighted India's shift to a "Make in India, Make for the World" strategy, with a focus on export-led growth. Vaishnaw also discussed India's potential in AI, aiming to train 1 million people in AI skills. He noted India's rise in the semiconductor sector, attracting global companies due to trust and talent.

Business

Ashwini Vaishnaw Showcases India's Growth and AI Ambitions at World Economic Forum in Davos

about 10 hours ago

Business

Amul cuts milk prices by Rs 1 per litre across popular variants

about 12 hours ago

1 mins

Amul, operated by the Gujarat Cooperative Milk Marketing Federation, has reduced the price of its milk by one rupee per litre for Amul Gold, Amul Taza, and Amul Tea Special. The federation, based in Anand, Gujarat, is the world's largest farmers-owned dairy cooperative, owned by 3.6 million dairy farmers. It procures 30 million liters of milk daily and processes it across 100 dairy plants in India, offering over 50 product categories. Amul is a leader in India's dairy market.

Business

Amul cuts milk prices by Rs 1 per litre across popular variants

about 12 hours ago

Business

Intention is to bring natural gas, aviation fuel under GST: Hardeep Puri

about 12 hours ago

3 mins

Union Minister Hardeep Puri discussed the potential inclusion of natural gas under GST, noting growing consensus but no timeline. LPG is already under GST, with commercial and domestic cylinders taxed at 18% and 5%, respectively. Aviation turbine fuel may soon be included under GST. Puri also announced that 20% ethanol blending with petrol will be achieved next month, aiming for 30% by 2029-30 to reduce oil import costs and improve air quality. Ethanol blending with diesel is still experimental.

Business

Intention is to bring natural gas, aviation fuel under GST: Hardeep Puri

about 12 hours ago

Business

Jio launches free-for-life sound-pay feature on Jio Bharat phone

about 12 hours ago

2 mins

Jio has launched JioSoundPay, a free feature for JioBharat phone users, benefiting 5 crore small merchants in India by providing audio confirmations for UPI payments. This saves merchants Rs 1,500 annually, as they no longer need to pay Rs 125 monthly for a sound box. The JioBharat phone, priced at Rs 699, allows merchants to recover its cost in six months. To celebrate India's Republic, Jio offers modern renditions of Vande Mataram on JioSoundPay, promoting a Digital India.

Business

Jio launches free-for-life sound-pay feature on Jio Bharat phone

about 12 hours ago

Business

IEW 2025 to be second largest energy event globally: Hardeep Singh Puri

about 14 hours ago

3 mins

India Energy Week 2025, scheduled for February 11-14 in New Delhi, will be the second-largest global energy event. It will feature a Clean Cooking Ministerial and showcase India's Pradhan Mantri Ujjwala Yojana. The event will expand its exhibition space by 65% and host 105 sessions with over 70,000 delegates. Participation includes 20+ foreign ministers, 90 Fortune 500 CEOs, and 500 speakers. Key themes include energy security and digital advancements, positioning India as a leader in global energy transitions.

Business

IEW 2025 to be second largest energy event globally: Hardeep Singh Puri

about 14 hours ago

Business

Adani Group denies cancellation of wind power projects in Sri Lanks's Mannar and Pooneryn

about 15 hours ago

2 mins

Reports claiming the cancellation of Adani Group's 484 MW wind power projects in Sri Lanka's Mannar and Pooneryn districts are false, according to an Adani Group spokesperson. The Sri Lankan Cabinet's decision to reevaluate the tariff is a standard review process with the new government. Adani Group remains committed to investing USD 1 billion in Sri Lanka's green energy sector.

Business

Adani Group denies cancellation of wind power projects in Sri Lanks's Mannar and Pooneryn

about 15 hours ago

Business

Indian Stock Markets Decline Amid Global Uncertainty and Domestic Challenges

about 15 hours ago

3 mins

Indian stock markets declined, with Sensex and Nifty closing lower due to global uncertainties and domestic challenges. Various sectors, including auto and pharma, saw significant drops. The market is affected by US policy uncertainties, weak domestic growth, and foreign investor sell-offs. Experts note that foreign institutional investors continue to sell, impacting large-cap stocks. The upcoming Union Budget and RBI policy are expected to influence future market movements. The BSE IT index performed well despite the overall market weakness.

Business

Indian Stock Markets Decline Amid Global Uncertainty and Domestic Challenges

about 15 hours ago

Business

India's Manufacturing Grows While Services Slow Down in 2025: HSBC PMI Report

about 15 hours ago

3 mins

The HSBC PMI report for January 2025 shows India's manufacturing sector growing strongly, while the service sector slows down, leading to the weakest overall growth since November 2023. The Composite Output Index dropped from 59.2 in December to 57.9 in January, though still above the long-term average. Manufacturing orders rose quickly, but service growth was slow. Prices increased due to cost pressures, while exports grew robustly. Pranjul Bhandari of HSBC noted potential weaknesses in domestic services but strong export momentum.

Business

India's Manufacturing Grows While Services Slow Down in 2025: HSBC PMI Report

about 15 hours ago

GeM sets new benchmark, crosses Rs 4 lakh crore GMV within 10 months of FY25

Odisha tops Niti Aayog's Fiscal Health Index, Chhattisgarh and Goa follows

Ashwini Vaishnaw Showcases India's Growth and AI Ambitions at World Economic Forum in Davos

Amul cuts milk prices by Rs 1 per litre across popular variants

Intention is to bring natural gas, aviation fuel under GST: Hardeep Puri

Jio launches free-for-life sound-pay feature on Jio Bharat phone

IEW 2025 to be second largest energy event globally: Hardeep Singh Puri

Adani Group denies cancellation of wind power projects in Sri Lanks's Mannar and Pooneryn

Indian Stock Markets Decline Amid Global Uncertainty and Domestic Challenges

India's Manufacturing Grows While Services Slow Down in 2025: HSBC PMI Report

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