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FPIs Invest Rs 54,727 Crore Boosted by Positive Growth Projections for FY25
An economic survey released last week before the Union Budget pegged the growth rate for the country at 6.5% to 7% for 2024-25.
Indian Startups Secure Over $1 Billion in Funding for July, Report Reveals
According to a report by Entrackr, for the month of July, Indian startups closed 126 funding deals worth $1.03 billion. Of this, 28 were growth or late-stage investments of $725 million, whereas 72 were early-stage investments pegged at $311 million. The details of 26 such early-stage deals were not disclosed.
Government Greenlights Eight High-Speed Road Corridors with Rs 50,655 Crore Investment
These projects could be set to have an output of approximately 4.42 crore mandays of direct and indirect employment. The Cabinet Committee on Economic Affairs has given a go-ahead to some of the significant corridors are the 6-Lane Agra-Gwalior National High-Speed Corridor, 4-Lane Kharagpur-Moregram National High-Speed Corridor, and 6-Lane Tharad-Deesa-Mehsana-Ahmedabad National High-Speed Corridor,
Sharp Rise in Japanese Bankruptcies Hits 10-Year Peak: Survey
According to Teikoku Databank of Japan, the number of bankruptcies totaled as high as 4,887 for January to June, the highest since 2014. Service industry bankruptcies were the highest, at 1,228, followed by retail and construction at 917, showing its across-industry effect.
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.
India's April-June Quarter: Surge of 501 Deals Worth $21.4 Billion Fueled by Political Stability
On the other hand, M&As combined with PE deals came up to 467 transactions valued at $14.9 billion, marking a 9% rise in transaction volumes. This increase was largely driven by four big-ticket transactions by the Adani Group in the industrial materials and ports sectors, which contributed 52% of the total M&A values for the quarter.
India Secures 3rd Place in Global Fintech Funding for First Half of 2024
In 2024, one unicorn, Perfios, emerged, flanked by six acquisitions and five initial public offerings in the space of Fintech from January to June alone.
Massive Government Bond Auction: Rs 28,000 Crore Offered This Friday
The first batch includes "7.02 per cent Government Security 2027" with a designated amount of Rs 6,000 crore. Following that, the second set comprises "7.23 per cent Government Security 2039" valued at Rs 12,000 crore, while the third lot, "7.30 per cent Government Security 2053," is set at Rs 10,000 crore.
Adani Ports Recognized Among Top Asia Pacific Companies, Sole Indian Entity in Transport Sector
The company did well across various parameters of the Investor Relations (IR) Programme, ESG Programme, IR Team, and IR Professionals (on the basis of ratings by both buy-side and sell-side participants). Ashwani Gupta, CEO and Whole-time Director of APSEZ, attributed the same to the robust Investor Engagement and ESG efforts that the company has undertaken. He said, "This win only goes to prove that our team's commitment towards 'Service to Stakeholders,' topnotch in every sense. I thank the investor fraternity for keeping faith in us and for this recognition.".
India Rises to Third-Largest Domestic Airline Market in the World
Based on OAG data, "India has now overtaken the Brazilian and Indonesian domestic markets to take third place, with an airline capacity of 15.6 million seats this April 2024." India seat capacity growth has been fantastic, at 6.9 percent annually in the last decade. "Among the five domestic markets analyzed, India is the fastest growing," the data says. "China follows closely with an annual growth rate of 6.3 percent from 2014 to 2024, while the US and Indonesia show significantly lower growth rates."
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