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India Sets Wheat Stock Limits to Ensure Food Security Until March 2025 The Indian government has imposed a stock limit on wheat until March 31, 2025, to ensure food security and prevent hoarding. The Ministry of Consumer Affairs, Food & Public Distribution announced the new limits: Entity Stock Limit Traders and Wholesalers 3000 metric tons…
Finance Minister Nirmala Sitharaman Discusses Worker Rights and Economic Reforms with Trade Unions New Delhi [India], June 24: Union Minister for Finance and Corporate Affairs, Nirmala Sitharaman, chaired the sixth Pre-Budget Consultation with trade unions and labour organisations. During the session, labour unions voiced several pressing concerns and proposed reforms aimed at protecting employee rights,…
India’s GDP to Grow Faster Than China’s in 2024 and 2025, Says S&P Global Market Intelligence S&P Global Market Intelligence has revised China’s GDP forecast upward but still projects it to grow slower than India. According to the report, India’s GDP is expected to grow at a rate of 6.7% in 2024 and 6.3% in…
India’s Capital Goods Companies to See 9-11% Revenue Growth in 2025: CRISIL Ratings India’s capital goods companies are projected to achieve a revenue increase of 9-11% in fiscal 2025, building on the anticipated 13% growth in fiscal 2024, according to CRISIL Ratings. Leading manufacturers are poised for sustained double-digit revenue growth amidst robust government and…
India’s Car Market: Slow Growth Expected in 2025, SUVs and Electric Cars on the Rise The passenger vehicle (PV) industry in India is anticipated to witness moderate growth in the fiscal year 2025, with sales volumes expected to expand by 3% to 5%, according to CareEdge. Growth Trends In FY24, the PV industry saw a…
Gautam Adani: Adani Group’s Success and Future Plans Ahmedabad (Gujarat) [India], June 24: Gautam Adani, Chairman of Adani Group, addressed the Annual General Meeting (AGM) of Adani Enterprises, stating, “We are Stronger Than Ever. And our best is yet to come.” Responding to Hindenburg Charges Gautam Adani spoke about the baseless accusations made by a…
Infibeam Avenues and EDII Team Up to Boost AI Adoption in Gujarat Gandhinagar (Gujarat) [India], June 24: Infibeam Avenues Ltd has partnered with the Entrepreneurship Development Institute of India (EDII) in Ahmedabad to promote the use of Artificial Intelligence (AI) among businesses, start-ups, and MSMEs. This collaboration aims to position EDII as a leader in…
Hero MotoCorp to Increase Prices of Motorcycles and Scooters from July 2024 New Delhi [India], June 24, 2024: Hero MotoCorp, one of India’s leading two-wheeler manufacturers, has announced a price increase for its motorcycles and scooters starting from July 1, 2024. The company shared this information in a filing to the exchange on Monday. Price…
India’s First Underground Coal Gasification Project Begins in Jharkhand The Ministry of Coal has launched India’s first-ever pilot project for Underground Coal Gasification (UCG) at the Kasta coal block in Jamtara District, Jharkhand. This initiative, under Eastern Coalfields Limited (ECL), aims to convert coal into valuable gases like methane, hydrogen, carbon monoxide, and carbon dioxide…
Genesys International Launches India’s First AI-Powered Navigation Map for Cars On Monday, Genesys International announced the launch of an Artificial Intelligence-powered navigation map, specifically designed for the automotive and mobility sectors. This is the first AI-powered navigation map in India tailored for these industries. The new map covers an extensive 8.3 million kilometers of navigable…