BUSINESS
Japan’s Toshiba Group to Pump Rs 500 Crore into Expanding Operations in India
TTDI offers an array of clean technologies related to renewable energy, including photovoltaic inverters, power transformers, gas-insulated switchgear, and transformers for inverter duty.
Rural Economic Surge Boosts Indian Economy: RBI Report
It further enumerates some of the key reasons behind this enhanced spending power of rural households, which "include increase in fiscal transfers, revision in wage rates under programmes such as MGNREGS, and increase in remittances on account of migration to urban areas". Spending pattern in rural areas has undergone a change; now expenditure on conveyance, medical services, and consumer services has surpassed that on cereals, the survey data shows. These trends foster optimism, the report says, of rural India closing the gap with the urban areas and moving toward catching up.
FICCI Report: FY25 GDP Growth Projected at 7%, Emphasis on Tax Reforms and Job Creation
As per the survey, the median growth for agriculture and allied activities is pegged at 3.7 percent for 2024-25. "The same is an improvement compared to 1.4 percent growth registered in 2023-24. The diminishing negative effects of El Nino also bring along the expectations of normal southwest monsoon, which is likely to be supportive of higher agriculture production," the industry body said.
LIC Shares Skyrocket by Almost 80% Over the Past Year
Shares of LIC quoted Rs 1,101 at a price that was last recorded at the counter on July 18, 2023, when the stock quoted Rs 620.
India's Q1 FY25 Exports Strong Despite Challenges, Core Sectors Thrive
In contrast, handmade carpets, jute manufacturing including floor coverings, and leather and leather products have declined. More noticeably, petroleum exports dropped by 18.3% year-on-year and by 18.5% month-on-month in June.
Apple Achieves Record Sales in India for FY24 Driven by Enhanced Manufacturing and Premiumization Trends
Apart from these strong domestic sales, Apple has set new records in exports, something that indicates industry projections of possible increments by more than 20% in iPhone shipments this year alone with solid support to domestic manufacturing and an efficient distribution network.
India's Goods and Services Exports Surge 8.6% to Exceed $200 Billion in Q1 2024-25
The data indicates that merchandise exports grew by 2.55%, amounting to $35.20 billion in June, compared to $34.32 billion in June 2023. The cumulative merchandise exports for April-June 2024 reached $109.96 billion, reflecting a 5.84% increase from $103.89 billion during the same period last year.
SC Rejects Review Petition Challenging Verdict on Adani-Hindenburg Controversy
The bench headed by Chief Justice D.Y. Chandrachud said, while dismissing the review petition, that after going through the petition no apparent error in the original order seemed to exist: "No case for review under Order XLVII Rule 1 of the Supreme Court Rules 2013. The review petition is, therefore, dismissed. Pending applications, if any, stand disposed of." saide the bench, which included Justices J.B. Pardiwala and Manoj Misra.
IMF Boosts India’s 2024-25 GDP Growth Projection to 7%
https://thenewsmen.co.in/business/indias-defense-exports-surge-30fold-in-the-past-decade/130617
India Has the Potential to Lead in AI Like China Did in Manufacturing: Bhavish Aggarwal
India boasts the highest number of developers worldwide, along with a significant number of silicon designers and the largest IT services sector.
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