Business
Union Budget 2025-26: Balancing Growth and Fiscal Prudence Amid Global Challenges
about 1 hour ago
3 mins
The Union Budget 2025-26, to be presented on February 1, aims to balance fiscal consolidation with growth measures. The government plans to increase capital expenditure to boost private investments, despite global challenges like a strong US dollar and potential tariff threats from President-elect Donald Trump. Key priorities include boosting domestic consumption, fostering private investments, and continuing flagship schemes. The fiscal deficit is expected to reduce, with a focus on infrastructure, social schemes, and skilling programs.
Business
Union Budget 2025-26: Balancing Growth and Fiscal Prudence Amid Global Challenges
about 1 hour ago
Business
Bullet Train Project casts its first Full Span 40 Mtrs Box Girder for Maharashtra section
about 1 hour ago
3 mins
The National High-Speed Rail Corporation Limited has achieved a major milestone in the Mumbai-Ahmedabad Bullet Train project by casting the first Full Span Pre-Stressed Concrete Box Girder in Maharashtra. This 40-meter span, weighing 970 metric tons, is the heaviest in India's construction history. The project includes advanced facilities and machinery to expedite construction. The Maharashtra section spans 135 kilometers, featuring major bridges and stations, with significant progress already made in Gujarat.
Business
Bullet Train Project casts its first Full Span 40 Mtrs Box Girder for Maharashtra section
about 1 hour ago
Business
Hero Cycles to announce USD 1 billion investment soon, says MD Pankaj Munjal
about 1 hour ago
2 mins
Pankaj Munjal, Managing Director of Hero Cycles, announced at the World Economic Forum in Davos that the company will soon reveal a billion-dollar supply contract. He noted a 30% increase in Indian attendees at the event. Munjal hinted at entering the electric vehicle market and clarified that plans for a plant in Telangana are still in early stages. Additionally, Chirag Paswan announced a USD 250 million investment from AB InBev in India's beverage sector, with Maharashtra securing proposals worth over Rs 4.99 lakh crore.
Business
Hero Cycles to announce USD 1 billion investment soon, says MD Pankaj Munjal
about 1 hour ago
Business
"Telangana is a place for investments, it means business": CM Revanth Reddy at Davos
about 1 hour ago
2 mins
Telangana Chief Minister A Revanth Reddy is in Davos for the World Economic Forum, promoting investment in electric vehicles, semiconductors, pharma, and infrastructure. He met with Unilever executives to discuss business opportunities and inaugurated the Indian Pavilion with Union Ministers. Telangana signed an MoU with Skyroot for a rocket manufacturing facility, with a Rs 500 crore investment. Reddy plans to announce investment details after his visit.
Business
"Telangana is a place for investments, it means business": CM Revanth Reddy at Davos
about 1 hour ago
Business
Indian economy to grow 6.5-6.8% in 2024-25 fiscal, projects Deloitte
about 2 hours ago
3 mins
Deloitte India has revised its GDP growth forecast for 2024-25 to 6.5-6.8%, citing global trade uncertainties. Q2 growth was 5.4%, prompting the RBI to lower its forecast to 6.6%. Economist Rumki Majumdar noted election uncertainties and weather disruptions affected growth. Deloitte suggests leveraging domestic strengths for sustainable growth. Despite challenges, India is advancing in global value chains. The RBI maintains a 6.5% repo rate to control inflation, aiming for 4% retail inflation.
Business
Indian economy to grow 6.5-6.8% in 2024-25 fiscal, projects Deloitte
about 2 hours ago
Business
"Telangana means business, is place for investments": CM Revanth Reddy in Davos
about 10 hours ago
2 mins
Telangana Chief Minister A Revanth Reddy is in Davos for the World Economic Forum, promoting investment in electric vehicles, semiconductors, pharma, and infrastructure. He met with Unilever executives to discuss business opportunities and inaugurated the Indian Pavilion with Union Ministers. Telangana signed an MoU with Skyroot for a Rs 500 crore rocket facility, marking a significant private-sector investment. Reddy plans to announce more investment details after his visit.
Business
"Telangana means business, is place for investments": CM Revanth Reddy in Davos
about 10 hours ago
Business
Assam hosts investors' roadshow in Bengaluru ahead of "Advantage Assam 2.0"
about 11 hours ago
3 mins
Assam Minister Ashok Singhal hosted an Investors' Roadshow in Bengaluru to promote the upcoming Advantage Assam 2.0 Investment and Infrastructure Summit in February 2025. The event highlighted Assam's strategic location and economic growth, showcasing key projects like the International Multi-Modal Logistics Park and initiatives in green energy. Singhal invited investors to explore opportunities in sectors like aerospace and IT, promising government support. The summit will feature cultural events and be attended by prominent leaders.
Business
Assam hosts investors' roadshow in Bengaluru ahead of "Advantage Assam 2.0"
about 11 hours ago
Business
Telangana Partners with Skyroot for Rocket Facility in Davos
about 11 hours ago
2 mins
The Telangana government has partnered with Skyroot Aerospace to create a private rocket manufacturing and testing facility in Telangana, signed at Davos. The project, overseen by CM Revanth Reddy and Minister D. Sridhar Babu, involves a Rs 500 crore investment. The initiative aims to make Hyderabad a hub for private space work. Skyroot's co-founder expressed excitement about the investment. Additionally, Minister Babu discussed investment opportunities with a Saudi Arabian minister, focusing on sustainability.
Business
Telangana Partners with Skyroot for Rocket Facility in Davos
about 11 hours ago
Business
India Launches Diamond Imprest Authorization Scheme to Boost Diamond Sector
about 11 hours ago
2 mins
The Indian government has introduced the Diamond Imprest Authorization (DIA) Scheme to boost the competitiveness of its diamond sector. This scheme allows duty-free import of small diamonds with a 10% value addition export obligation. Eligible exporters with Two Star Export House status and USD 15 Million annual exports can benefit. The scheme aims to retain India's diamond industry leadership, prevent investment flight, and create jobs, especially for MSMEs, by supporting domestic processing.
Business
India Launches Diamond Imprest Authorization Scheme to Boost Diamond Sector
about 11 hours ago
Business
Maharashtra signs Rs 4.99 lakh crore in MoUs at Davos
about 12 hours ago
3 mins
Maharashtra signed MoUs worth over Rs 4.99 lakh crore at the World Economic Forum in Davos, creating over 92,000 jobs. The largest deal was with JSW Group, investing Rs 3 lakh crore in steel, renewable energy, and more, generating 10,000 jobs. Kalyani Group will invest Rs 5,200 crore in Gadchiroli, creating 4,000 jobs. Other investments include Reliance Infrastructure, Balasore Alloys, and Viraj Profiles. The state also secured an agreement with Fuel to train 5,000 youths in AI and more.
Business
Maharashtra signs Rs 4.99 lakh crore in MoUs at Davos
about 12 hours ago