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India's Solar Equipment Manufacturing Capacity Set to Surge in Next 2-3 Years: Report
India's solar equipment manufacturing capacity is poised for robust growth over the next 2-3 years, with module and cell manufacturing capacity of around 80 GW and 50 GW respectively in the pipeline, according to a report.This will entail a capex of nearly Rs 1 lakh crore...
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PE investments in Indian real estate sector surge over 30 pc in 2024
Private equity (PE) investments in the Indian real estate sector reached $4.2 billion in 2024, marking a 32 per cent year-on-year (YoY) growth amid high demand in the warehousing segment, according to a report on Thursday.Knight Frank India, an international property...
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Rupee Falls to All-time Low of 85.12 against US Dollar over Hawkish Fed Outlook
The Indian rupee fell 18 paise to all-time low of 85.12 against the US dollar on the National Stock Exchange (NSE) over Federal Reserve's hawkish commentary on rate cut outlook.The U.S. Fed meeting which was held on Wednesday, shifted its focus towards maximum employment...
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India Tech Startups Funding Grows 6 PC to $11.3 BN in 2024, 3RD Globally
India's tech startup ecosystem garnered $11.3 billion in funding in 2024, a 6 per cent increase from $10.7 billion in 2023, according to a report on Thursday.In the second half (H2) of 2024, the tech startups received $5.32 billion across 540 funding rounds, a growth of 8...
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India's Energy Storage Capacity Poised for 12-fold Leap by 2032: SBI Report
India's energy storage capacity is expected to shoot up 12-fold to around 60 GW by 2031-32 which would play a key role in stabilising the power grid as the country transitions to renewable energy, according to an SBI Research report.The country's energy storage landscape is...
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India Tops List of Recipient Countries for Remittances with $129 BN Inflow in 2024
India tops the list of recipient countries for remittances in 2024 with an estimated inflow of $129 billion, followed by Mexico ($68 billion), China ($48 billion), the Philippines ($40 billion), and Pakistan ($33 billion), according to the latest figures compiled by World...
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Indian Pharma Sector 3RD Largest Globally, Valued at $50 BN in FY 2023-24: Centre
India's pharma industry is considered to be the world's third largest by volume, and in FY 2023-24 the pharmaceutical market has been valued at $50 billion, said Union Minister of State for Chemicals and Fertilizers Anupriya Patel.In a written reply to Rajya Sabha Patel...
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Startups Have Potential to Contribute $120 Billion to India's GDP by 2030
Startups will be a core driver of India's economic growth this 'Techade,' likely to contribute nearly $120 billion (or 1.6 per cent) to the country's GDP by 2030, which will be nearly 3.5 times jump from $35 billion in 2023, according to a new report.Given that most...
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GitHub Surpasses 150 Million Developers, Launches New Free Tier
Copilot-powered developer platform GitHub on Thursday said it has surpassed 150 million developers on the platform.The Microsoft-owned coding major also announced 'GitHub Copilot Free' in VS Code that works seamlessly with a user's GitHub account, with Copilot Chat directly...
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Small-time Vendors in Chandigarh Anguished over GST Hike Move on Tobacco Products
The Footpath Cycle and Rehri Fadi Workers Union of Chandigarh has expressed resentment over the proposal to introduce 35 per cent Goods and Services Tax (GST) on "sin goods" like aerated beverages and tobacco products, saying the hike would badly impact their incomes and...
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'Hum Karke Dikhate Hain': Gautam Adani on Building Green, Brighter Future for Millions
The Adani Group Chairman, Gautam Adani, on Thursday said that the company makes promises which are not only about building infrastructure but also creating hope, progress and a brighter tomorrow for millions of Indians.Reacting to a unique and out-of-the-box advertisement...
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World Bank says ready to participate in Lebanon's reconstruction
The World Bank is ready to take part in Lebanon's reconstruction after the Hezbollah-Israeli conflict comes to an end, a senior official from the World Bank said.Jean-Christophe Carret, the World Bank's country director for the Middle East Department, expressed the bank's...
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Adani Electricity Steps up Action against Power Thieves, Significantly Cuts Losses
Adani Electricity on Wednesday said that it registered a significant number of FIRs against perpetrators of power theft in the April-September period this year - 622 compared to 439 for the corresponding period last year -- thus significantly reducing losses.The Adani Group...
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South Korean Govt Unveils Measures to Boost Corporate Investment amid Martial Law Debacle
The South Korean government on Wednesday unveiled a series of measures to stimulate corporate investment in key industries, aiming to address concerns that recent political turmoil could have long-term negative effects on the economy.The plan was introduced during a meeting...
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PLI scheme has attracted Rs 1.46 lakh crore investment, created 9.5 lakh jobs
The Centre's Production Linked Incentive (PLI) scheme has succeeded in attracting an investment of Rs 1.46 lakh crore in the manufacturing sector and has created over 9.5 lakh jobs, Commerce and Industry Minister Piyush Goyal informed the Lok Sabha.As of date, 764...
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Real Estate Investments in India Reach Historic High at $8.9 Billion in 2024: JLL
Driven by strong growth and political stability, real estate institutional investments in India reached historic high levels at $8.9 billion across 78 deals in 2024, surpassing the previous 2007 record by 6 per cent ($8.4 billion), a report showed on Wednesday.This...
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South Korea to Ease Regulations, Enable New Hydrogen Charging Stations
South Korea's industry ministry said on Wednesday the country plans to implement eased regulations for hydrogen charging stations next year in line with efforts to support the sector's ecosystem.The set of new rules is reflected in the revised high-pressure gas safety...
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Samsung to Unveil New AI-powered Home Appliances at CES 2025
Samsung Electronics will unveil its new home appliances lineup powered by artificial intelligence (AI) technology at the upcoming CES next month, the company said on Wednesday.The lineup, comprising the new Bespoke refrigerator, washer and dryer applied with AI home...
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Indian Stock Market Opens Flat Ahead of US Fed Rate Decision
The Indian stock market opened flat on Wednesday as investors await the US Federal Reserve's interest rate decision.At around 9:33 am, Sensex was trading at 80,651.44 after declining 33.01 points or 0.04 per cent, while the Nifty was trading at 24,328.75 after declining...
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Jitendra Singh Launches Anti-pesticide Suit to Safeguard Farmers' Health
Union Minister of State (Independent Charge) for Earth Sciences Dr. Jitendra Singh has launched Kisan Kavach, the first-of-its-kind anti-pesticide bodysuit, to protect farmers from the harmful effects of pesticide exposure.The indigenous innovation marks a transformative...
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PM Justin Trudeau Appoints Dominic LeBlanc as Canada's New Finance Minister
Canada's Public Safety Minister Dominic LeBlanc was appointed as the new Finance Minister on Monday in a swearing-in ceremony held at the Rideau Hall in Ottawa.The new Finance Minister said after the ceremony that his top priority will be lowering the cost of living for...
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Fadnavis Tables Bill to Amend Maharashtra GST Act
Chief Minister Devendra Fadnavis on Tuesday tabled the bill to amend the Maharashtra Goods and Services Tax Act, 2017, in order to implement the decisions taken by the GST Council and to maintain uniformity in applicability of the provisions of the Central Goods and...
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India's Gold Jewellery Purchase Poised to Surge 18 per Cent in 2024-25: ICRA
The domestic gold jewellery consumption (in value terms) is expected to continue its momentum in the current financial year with an estimated growth of 14-18 per cent year-on-year, according to an ICRA report released on Tuesday.This follows the sharp growth of 18 per cent...
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GreenLine Expands Green Logistics Footprint with Exide Industries Partnership
GreenLine Mobility Solutions Ltd, a key player in Essar's Green Mobility initiative, has announced its partnership with Exide Industries, India's largest-selling battery brand.This collaboration will integrate GreenLine's eco-friendly LNG-powered trucks into Exide's...
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India's Private Sector Growth Surges to 4-month High in Dec: Report
India's private sector output growth strengthened to its highest level in four months during December, according to the latest HSBC 'flash' PMI data compiled by S&P Global.The acceleration was reflected in both the manufacturing and service sectors, as companies across the...