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India Joins Project Nexus with ASEAN Countries for Faster Cross-Border Payments India has joined Project Nexus, a global initiative aimed at enabling instant cross-border retail payments by linking the payment systems of various countries. This project was conceptualized by the Innovation Hub of the Bank for International Settlements (BIS). Founding Members The founding members of…
CBRE Survey: Indian Companies Increasing Flexible Office Spaces and ESG Focus New Delhi, India – CBRE South Asia Pvt. Ltd. has released its ‘2024 India Office Occupier Survey’ findings. The survey reveals that the number of companies with over 10% of their office space in flexible workspaces will rise from 42% in Q1 2024 to…
Uttar Pradesh Teams Up with EaseMyTrip to Boost Eco-Tourism The Uttar Pradesh Eco Tourism Development Board (UPETDB) has signed a Memorandum of Understanding (MoU) with EaseMyTrip, an online travel platform, to promote and develop tourism in Uttar Pradesh. This partnership will leverage EaseMyTrip’s extensive reach and technology to showcase the state’s rich eco-tourism offerings. Promoting…
Reliance Industries Could Reach $100 Billion in Value, Says Morgan Stanley New Delhi [India], July 1: In its fourth monetization cycle this century, Reliance Industries (RIL) is projected to achieve up to USD 100 billion in value creation, according to a research report by Morgan Stanley. The report suggests that with this level of value…
Bajaj Auto’s Two-Wheeler Sales Grow in June 2024, But Exports Decline Bajaj Auto, a major vehicle manufacturer in India, saw a 7% increase in domestic two-wheeler sales in June 2024 compared to June 2023. The company sold 1,77,207 units in June 2024, up from 1,66,292 units in June 2023. However, total sales, including exports, experienced…
Godrej Properties Announces New Project in Hinjewadi, Pune Godrej Properties Ltd. (GPL) has announced a new project in Hinjewadi, Pune, securing an approximately 11-acre land parcel with an estimated revenue potential of Rs 1,800 crore. The project will include group housing and high street retail, with a developable potential of around 2.2 million square feet….
India Hosts Global IndiaAI Summit 2024 in New Delhi India is organizing the ‘Global IndiaAI Summit 2024’ under the Ministry of Electronics and Information Technology, scheduled for July 3-4 in New Delhi. The summit aims to foster collaboration and knowledge exchange among international AI experts, reinforcing India’s dedication to ethical and inclusive AI growth. Key…
Indian Markets Start July Steady: Nifty 50 and BSE Sensex Show Small Gains Indian markets began the first week of July on a flat note, with both major indices opening steady on Monday. The Nifty 50 index maintained above 24,000 levels and traded at 24,022 after a marginal gain of 14 points. Similarly, the BSE…
Oil Companies Reduce Prices of Commercial LPG Cylinders in Delhi New Delhi [India], July 1: In a move to help businesses, oil marketing companies have reduced the prices of commercial LPG gas cylinders. Starting Monday, the price of a 19 Kg commercial LPG cylinder has been cut by Rs 30, making the new price Rs…
Piyush Goyal Highlights Big Increase in Patents and Push for Online Services in India Union Minister of Commerce and Industry Piyush Goyal announced that India granted around one lakh patents in 2024, a significant increase from 6,000 patents ten years ago. He shared this during an outreach program with industry leaders and stakeholders in Hyderabad,…