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Nara Lokesh Promotes Andhra Pradesh as a Prime Investment Hub Introduction Nara Lokesh, the Minister for Information Technology and Electronics of Andhra Pradesh, highlighted the state’s efforts to attract industries during his visit to the United States. He emphasized the supportive ecosystem created under Chief Minister Chandrababu Naidu’s leadership. Meeting with Industrialists On the final…
India’s Job Growth Needs: A Goldman Sachs Report India is projected to need around 10 million new jobs each year from FY25 to FY30 to sustain a 6.5% annual growth in Gross Value Added (GVA), according to a report by Goldman Sachs. The report suggests that encouraging affordable housing could boost the real estate sector,…
NSE Celebrates 30th Anniversary with New Multi-Language Website and Apps The National Stock Exchange of India (NSE) marked its 30th anniversary on Diwali by launching a multi-language website and mobile apps to enhance accessibility for investors across India. During the Muhurat Trading session, a Diwali tradition, NSE Managing Director Ashish Kumar Chauhan extended warm wishes…
NSE Launches Mobile App and Expands Website in 11 Regional Languages for Diwali The National Stock Exchange of India (NSE) has introduced its official mobile app, NSEIndia, and expanded its corporate website to support eleven regional languages, coinciding with the Diwali celebrations. This initiative aims to democratize financial information, making it more accessible to investors…
Sensex and Nifty Rise During Diwali Muhurat Trading in Samvat 2081 New Delhi, November 1: The Hindu calendar year of Samvat 2081 began on a positive note for Indian stocks. The Sensex closed 0.4% higher at 79,688 points, while the Nifty also rose by 0.4% to end at 24,300 points, recovering from two days of…
Finance Minister Nirmala Sitharaman and PM Modi Mourn the Loss of Economist Bibek Debroy New Delhi, November 1: Finance Minister Nirmala Sitharaman expressed her sorrow over the passing of Bibek Debroy, the Chairman of the Economic Advisory Council to the Prime Minister of India. Bibek Debroy, a renowned economist, passed away at the age of…
India’s Coal Production and Dispatches Surge in October 2024 In October 2024, India’s coal production reached an impressive 84.45 million tonnes, marking a 7.48% increase from the 78.57 million tonnes produced in October 2023. The Ministry of Coal reported significant growth in production from captive and other entities, which rose to 16.59 million tonnes, a…
India’s Forex Reserves Decline for Fourth Week India’s foreign exchange reserves have decreased for the fourth week in a row after reaching a record high last month. As of October 25, the reserves fell by USD 3.463 billion to USD 684.805 billion, according to the Reserve Bank of India (RBI). In the previous weeks, the…
India’s GST Collections Reach New Heights in October 2024 In October 2024, India’s Goods and Services Tax (GST) collections reached Rs 1.87 lakh crore, marking an 8.9% increase from the previous year. This growth reflects a positive trend in the country’s economy, driven by strong domestic consumption and import activity. Yearly Growth in GST Collections…
Maruti Suzuki India Achieves Record Sales and Production Milestones Maruti Suzuki India has reported its highest-ever monthly sales volume, reaching 206,434 units in October. This includes domestic sales of 163,130 units, sales to other original equipment manufacturers (OEMs) of 10,136 units, and record monthly exports of 33,168 units. The festive season and significant discounts contributed…