Business

• Women Entrepreneurs Driving Innovation, Growth in Gem & Jewellery Sector: Smriti Irani
  
  Women in the gem and jewellery industry possess immense potential and are driving innovation and growth in the gem and jewellery sector, said former Union Minister Smriti Irani.She said this at an event organised by the Gem and Jewellery Export Promotion Council (GJEPC) in...
• Mall Operators in India to Clock 12 PC Revenue Growth in 2024-25: Crisil
  
  Mall operators are projected to clock a healthy revenue growth of 10-12 per cent during the current financial year (FY25), building on last fiscal year's 15 per cent spurt, according to a Crisil report released on Tuesday.The growth will ride on contractual rental...
• Italy's Enel Unveils 43-billion-euro Plan to Increase Renewable Energy Production
  
  Italian energy group Enel announced a plan to spend around 43 billion euros ($45.6 billion) over the next three years, mostly to improve energy grid efficiency and boost renewable energy production.In a statement, Enel said it would spend a total of 26 billion euros to...
• Hyderabad Fastest-growing among 6 Indian Cities amid Real Estate Surge
  
  Among six leading Indian cities, Hyderabad stands out as the fastest-growing one driven by robust infrastructure development and surging real estate demand, a report showed on Tuesday.Meanwhile, Mumbai-MMR maintains steady growth across all metrics, reaffirming its position...
• BFSI, Flex Spaces Key Demand Drivers for Office Spaces in India: Report
  
  The banking, financial services and insurance (BFSI) and Flex Spaces emerged as key demand drivers for office spaces in India in the July-September period, accounting for 39 per cent of the pan-India absorption and an increase of 20 per cent from the previous quarter,...
• Meta to Appeal CCI's Anti-trust Order on WhatsApp Data Sharing
  
  After the Competition Commission of India (CCI) directed WhatsApp to not share user data collected on its platform with other Meta products or companies for advertising purposes for a period of five years, the company said that it disagreed with the CCI's decision and plans...
• Global Private Equity Firm TA Makes Strategic Investment in India-based Vee Healthtek
  
  Global private equity firm TA Associates on Tuesday announced the completion of a strategic growth investment in Vee Healthtek, a provider of technology-enabled solutions and services for healthcare organisations.This partnership will enable India and US-based Vee Healthtek...
• Sensex Surges in Morning Trade, Media and Realty Stocks Shine
  
  The Indian stock market opened in green on Tuesday as media and realty stocks saw heavy buying. Nifty Media and Realty was up more than 2 per cent.At around 9:40 am, Sensex was trading 766.58 points or 0.99 per cent up at 78,105.59 while Nifty was up 236.50 points or 1.01...
• Swiggy Has Let Its Leadership Slip Away, Says MOFSL with 'Neutral' Rating
  
  Despite being an innovator and a category inventor across both food delivery and quick commerce, Swiggy has let its leadership slip away, Motilal Oswal Financial Services Ltd (MOFSL) said on Tuesday, as it initiated coverage with a 'Neutral' rating on the stock.In a note,...
• Embedded Finance to Unlock $25 BN Revenue Opportunity for India's Platforms by 2030
  
  Embedded finance can unlock $25 billion revenue opportunity for India's digital and financial services platforms by 2030, a report showed on Tuesday.Embedded finance means where financial services can exponentially expand customer reach by directly integrating within...
• South Korea Aims to Develop 39 Global Chip Industry Standards by 2031
  
  South Korea's standards agency said on Monday it plans to develop 39 new international standards in the semiconductor sector by 2031 to bolster its competitive edge in the field.The road map was unveiled by the Korea Agency for Technology and Standards (KATS) during an...
• 94 PC of Indian Firms Using GenAI in at Least 1 Function, Highest Globally: Report
  
  Most of the Indian enterprises (94 per cent) are now using generative AI (GenAI) in at least one function, the highest percentage globally across 19 countries surveyed, according to a report on Monday.However, only 24 per cent of Indian respondents believe their GenAI...
• Indian Tyre Makers Set for 7-8 PC Revenue Growth This Fiscal: Report
  
  The tyre makers in India are likely to see revenue growth of 7-8 per cent this fiscal (FY25), driven by a 3-4 per cent increase in both realisations and volume, according to a report on Monday.Revenue will grow in single digit for the second straight year (albeit nearly...
• Indian Stock Market Opens in Red, IT Stocks Suffer
  
  The Indian stock market opened in red on Monday as selling was seen in IT, PSU bank and pharma sectors.In early trade at around 9:51 am, Sensex was trading at 77,247.18 after slipping 333.13 points or 0.43 per cent, while Nifty was at 23,434.00 after slipping 98.70 points...
• Naver to Launch JV for Digital Twin Projects in Saudi Arabia
  
  South Korean tech giant Naver said on Monday it will establish a joint venture with Saudi Arabia's state housing company to collaborate for digital twin platform projects in the Middle East.Naver and Saudi Arabia's National Housing Company signed a memorandum of...
• LG Energy to Supply Batteries for US-based Bear Robotics
  
  LG Energy Solution Ltd (LGES), South Korea's leading battery maker, said on Monday it has signed an initial pact with US-based Bear Robotics to become its sole supplier of cylindrical batteries.LGES signed a memorandum of understanding with the Silicon Valley-based...
• India, South Africa among Solar 'business Hotspots': Oxford Report
  
  Drawing on the first comprehensive dataset of more than 2,300 renewable energy start-ups across Africa and South Asia, a team led by the University of Oxford on Friday revealed India and South Africa among solar 'business hotspots'.The analysis also investigates why some...
• Indian Economy to Touch $7 Trillion Mark by 2031: Report
  
  The Indian economy is expected to clock a medium-term growth of 6.7 per cent on average between fiscal 2025 and 2031, and touch the $7 trillion mark, according to a report by rating agency CRISIL.This would be similar to the 6.6 per cent growth seen in the pre-pandemic...
• India's Insurance Sector Growth Surpasses China, Thailand: McKinsey
  
  India's insurance sector clocked a robust 11 per cent compound annual growth rate to cross the $130 billion mark during FY2020-23, surpassing Asian peers China and Thailand, which grew at less than 5 per cent, according to a McKinsey report.The report. titled 'Steering...
• Musk Names Microsoft as Defendant in Amended Lawsuit against OpenAI
  
  The US government efficiency czar Elon Musk, in his lawsuit against Sam Altman-run OpenAI for abandoning its non-profit stance, has now named new defendants including Microsoft, LinkedIn co-founder Reid Hoffman, and former OpenAI board member and senior Microsoft executive,...
• India's GDP to Grow 6.5-7 PC through FY27 over Infra, Consumption Push: Report
  
  India's GDP will expand 6.5-7 per cent annually in the next three fiscal years (2025-2027), and the country's good economic growth prospects will continue to support banks' asset quality, according to a new report.India's infrastructure spending and private consumption will...
• South Korean trade minister discusses supply chain at APEC CEO summit
  
  Trade Minister Cheong In-kyo attended an economic event for business executives at the Asia-Pacific Economic Cooperation (APEC) summit in Peru, where he exchanged views on the global supply chain with other participants, his office said on Friday.Cheong also highlighted...
• Hyundai Motor Promotes Global COO Munoz as CEO in Major Reshuffle
  
  Hyundai Motor on Friday promoted Jose Munoz, the company's global chief operating officer (COO), as its new CEO, appointing a foreign national to the top post for the first time since its foundation more than five decades ago.Hyundai Motor promotes global COO Munoz as CEO...
• Electronic Toll Collection in India Soars to Record RS 6,115 Crore in Oct
  
  Electronic toll collection in the country soared to a record Rs 6,114.92 crore in October this year as economic activity surged during the festive month, according to the latest figures compiled by the government.The collection is the highest ever in a month since the...
• India's Tech and Durables Sector Sees 13 PC Value Growth in Festive Season
  
  The tech and durables sector in India witnessed a 13 per cent value growth during the four-week festive season, driven by heightened consumer demand across multiple categories, a report showed on Thursday.Diwali week accounted for one-third of total sales, and combined with...

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