BUSINESS
IndiGo Announces New Direct Route: Bengaluru to Lakshadweep Service Set to Begin March 31
This new route to Agatti marks the 88th domestic destination and the 121st overall destination within the extensive indigo network.
Generational Wealth: Narayana Murthy's Gift of Infosys Stock Worth Rs 240 Crore to 4-Month-Old Grandson
Ekagrah Murty now holds 15 lakh shares, equivalent to a 0.04 per cent stake, in Infosys, courtesy of his grandfather's benevolent gesture. This transfer of shares occurred through an off-market transaction. Consequently, Narayana Murthy's ownership in the renowned IT company has decreased to 0.36 per cent, representing more than 1.51 crore shares.
February Sees India's Outward FDI Climbing to $3.05 Billion
Outbound FDI, delineated in terms of financial commitments, encompasses three principal components: equity, loans, and guarantees.
Union Minister Gadkari Predicts India's Auto Industry to Claim Global Top Spot Within 5 Years
During an exclusive interview with NDTV's Editor-in-Chief, Sanjay Pugalia, Gadkari projected India's auto industry to ascend to the pinnacle of global rankings within the next five years. He underscored the industry's current valuation at Rs 12.5 lakh crore, its contribution of 4.5 crore jobs, and its significant GST contribution to both central and state governments.
Adani Group's Ambitious Investment Plan: Injecting Rs 1.2 Lakh Crore into FY25 for Future Expansion
Insiders reveal that this substantial investment will be channeled across various sectors within the portfolio, spanning from green energy initiatives to airports, cement, commodities, and beyond, in the upcoming financial year.
Adani Group's Ambitious Investment Plan: Injecting Rs 1.2 Lakh Crore into FY25 for Future Expansion
Insiders reveal that this substantial investment will be channeled across various sectors within the portfolio, spanning from green energy initiatives to airports, cement, commodities, and beyond, in the upcoming financial year.
Echoes of India's Economic Surge: A Comparison to 2003-07, According to Morgan Stanley
The ongoing cycle is characterized by investment outpacing consumption, with public capex leading initially but private capex swiftly catching up. Urban consumer spending has taken the lead, followed by a resurgence in rural demand. Additionally, India's market share in global exports is rising, while macroeconomic stability risks are being effectively managed.
India's Exports Reach 11-Month Peak in February Amidst Red Sea Crisis
Leading the charge were engineering goods, electronic goods, organic and inorganic chemicals, pharmaceuticals, and petroleum products. Engineering goods stood out with a robust 15.9% increase, reaching $9.94 billion, up from $8.58 billion in February 2023. Notably, electronic goods exports witnessed an impressive growth of 54.81%, soaring to $3 billion from $1.94 billion in the same period last year.
India's Foreign Exchange Reserves Reach Two-Year Peak at $636.1 Billion
This remarkable ascent marks the largest leap in the nation's forex reserves since the week culminating on July 14, 2023. In the prior reporting period, the overall reserves had already seen a substantial increase of $6.55 billion, reaching $625.63 billion.
Indian Railways Achieves Landmark Revenue of Rs 2.4 Lakh Crore in Fiscal Year 2023-24
As of March 15 in the fiscal year 2023-24, the cumulative revenue of Indian Railways has reached Rs 2.40 lakh crores, marking an increase of Rs 17,000 crore compared to the corresponding period of the previous fiscal, which recorded Rs 2.23 lakh crores.
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