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Foreign Investors Pour Money into Indian Stocks in June, Says NSDL Foreign Portfolio Investors (FPIs) significantly increased their investments in the Indian stock markets in the last week of June, according to data from the National Securities Depository Limited (NSDL). The net investment by FPIs stood at Rs 16,672.2 crore during the last week, with…
Gujarat Teams Up with IBM to Create AI Hub in GIFT City The Department of Science and Technology, Government of Gujarat, has signed a Memorandum of Understanding (MoU) with IBM to establish an AI Cluster in GIFT City. This initiative aims to foster innovation and collaboration among financial institutions using IBM’s Watson technology. Key Features…
Piyush Goyal Promises Help for Tobacco Farmers in Hyderabad Meeting Union Minister of Commerce and Industry, Piyush Goyal, assured tobacco farmers and traders in Hyderabad that the Indian government will strive to waive penalties on excess tobacco production. He emphasized that PM Narendra Modi is committed to protecting farmers’ interests. During the meeting, Goyal addressed…
Ministry of Labour & Employment Reviews Welfare Achievements for Beedi, Cine, and Non-Coal Mine Workers The Ministry of Labour & Employment held a review meeting on the achievements under the Labour Welfare Scheme (LWS) for Beedi, Cine, and Non-Coal Mine Workers in Delhi on Saturday. The meeting was chaired by Sumita Dawra, Secretary, Ministry of…
Piyush Goyal Talks About India’s Free Trade Agreements with UK and EU Union Minister Piyush Goyal has announced that India is actively working on Free Trade Agreements (FTAs) with many countries. He expressed confidence in making fast progress with the United Kingdom, regardless of the British election results. A team of officials recently returned from…
Congress Leader Jairam Ramesh Questions Huge Silver Imports from UAE New Delhi, India – Congress leader Jairam Ramesh has raised concerns about a massive increase in India’s silver imports from the United Arab Emirates (UAE). He pointed out that the imports surged from USD 2.2 million between January and April 2023 to USD 1.44 billion…
Union Minister Piyush Goyal Celebrates Mega CFC and SEEPZ’s 50th Anniversary in Mumbai Union Minister Piyush Goyal visited the Bharat Ratnam – Mega CFC, a project by the Gem & Jewellery Export Promotion Council (GJEPC) and SEEPZ, in Mumbai. Goyal praised the facility, calling it a reflection of Prime Minister Narendra Modi’s vision for an…
Union Minister Piyush Goyal Announces India’s $800 Billion Export Target and New Hospital in Mumbai Union Minister of Commerce and Industry, Piyush Goyal, announced that India is on track to achieve an export target of USD 800 billion this year in goods and services. Speaking at an event organized by the Gems and Jewellery Export…
Indian Weddings: Rising Costs and High-Interest Loans In India, spending on weddings is on the rise, leading to higher interest rates for wedding loans, typically ranging from 10% to 36% per year, according to Jefferies. This shift presents challenges, especially for young adults aged 20-30, who accounted for 20% of wedding loan applications in 2018-2019….
India’s New Plan to Improve LNG Terminals: What You Need to Know India’s Petroleum and Natural Gas Regulatory Board (PNGRB) has released a draft proposal to enhance regulatory control over the country’s liquefied natural gas (LNG) terminals. This move aims to address the issue of capacity underutilization and bring greater transparency to the sector. Why…