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Real Estate Top Investment Choice for Indians, Bigger Homes in Demand as Rentals Surge
Real estate remained the most preferred asset class for investment among 59 per cent of Indians in the first half this year, as 57 per cent of investors said they are buying premium properties to earn rental income, driven by surging rental rates in cities, according to a...
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India Takes Lead in 6G after Record 5G Roll Out: Experts
After a successful 5G rollout, the country is now taking lead in 6G as the 'Digital India' initiative transforms the economy, with the Jan Dhan, Aadhaar and Mobile (JAM) trinity emerging as a solid foundation block, experts said here on Friday.Sumnesh Joshi, Deputy Director...
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India's Content Creation Market to Reach $480 Billion by 2035: Minister
India is poised to become the content creation capital of the world, with the market projected to grow from the current $30 billion to $480 billion by 2035, Union Minister for Communications Jyotiraditya Scindia has said.Addressing a panel discussion during the 'India...
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India's Cargo Volumes See over 5 PC Growth in September
Prime Minister Narendra Modi's focus on 'Transformation through Transportation' is turning waterways into the new highways of India and in the month of September, cargo volume handled by 12 major ports surged to 413.747 million metric tonnes (MMT), a 5.03 per cent growth...
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India to Have 1.2 Billion Smartphone Connections by 2030, Half of Them 5G
India is projected to have 1.2 billion smartphone connections by 2030, with half of the users on 5G smartphones, according to a new report.According to global mobile network body GSMA, the country is projected to have over 641 million 5G subscribers by 2030, growing at 49...
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India Surpasses China to Become Largest Two-wheeler Market Globally
India has surpassed China to become the largest two-wheeler market in the world, driven by rising demand in rural areas, supported by favourable monsoon conditions and government initiatives for rural development, a report showed on Friday.Globally, two-wheeler sales grew 4...
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India Has the Potential to Become Global Biomanufacturing Hub: Minister
India has the potential to become a science and technology-driven global biomanufacturing hub, the government has stressed.Union Minister of State for Science and Technology (Independent Charge), Dr Jitendra Singh, said the country should have a global vision about...
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Alternative Fuels Can Drastically Cut Logistics Costs, Air Pollution: Nitin Gadkari
Highlighting the importance of biofuels in achieving energy independence while tackling air pollution caused by stubble burning, Union Minister of Road Transport and Highways, Nitin Gadkari, said on Thursday that the logistics costs in the country can be drastically reduced...
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Affordable Fashion, Premium Electronics Fuel India's Festive Sales as Consumption Rises
As India kicked off online festive season sales, affordable fashion and premium electronics emerged as the top-performing categories, as private consumption surged especially in the rural parts of the country, a report showed on Thursday.The festive season sale in the first...
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India's Readymade Garment Exports Surge Despite Global Headwinds: AEPC
India's readymade garment (RMG) exports recorded high growth of 17.3 per cent despite global headwinds and continued inflationary pressure, the Apparel Export Promotion Council (AEPC) said on Thursday.The RMG export growth in India comes as even major apparel exporting...
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GCCS to Ramp up Freshers' Hiring by 40 PC in India in FY25
Global Capability Centers (GCCs), which have emerged as significant employers of fresh talent, are expected to increase fresher hiring by 40 per cent compared to the previous year, according to a report.The report by TeamLease Digital, a tech staffing and solutions...
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Maruti Suzuki India Crosses Production of 1 Crore Units at Manesar Facility
Leading automaker Maruti Suzuki India Limited on Thursday said it has crossed the 1-crore cumulative production milestone at its Manesar facility in Haryana.With this, the facility became the fastest among Suzuki's global automobile manufacturing facilities, to reach the...
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Foodtech Platform Licious Clocks RS 294 CR Loss in FY24, Revenue Down 9 PC
Online meat and seafood platform Licious has clocked losses worth Rs 294 crore in FY24, amid closure of some third-party distribution channels and a decreased focus on modern local stores.The direct-to-consumer (D2C) brand also saw its revenue decline 9 per cent, from Rs...
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Meta Lays off Employees across Teams at WhatsApp, Instagram and More
Social media giant Meta has laid off employees across multiple teams, including at WhatsApp and Instagram, as part of an apparent restructuring exercise, reports said on Thursday.Meta did not immediately comment on how many employees were impacted in the latest round of job...
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Gold's Share in India's Forex Surges More than 209 PC since 2018
As India's foreign exchange reserves surpassed $700 billion, the share of gold in the country's forex has also surged more than 209 per cent since 2018.India's gold reserves stands at $65.76 billion (as on October 4), compared to $21.15 billion as on December 7, 2018,...
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Stock Market Opens in Green, Sensex Trades above 81,700
The Indian stock markets opened in the green on Thursday as buying was being seen in the IT and PSU bank sectors.The BSE Sensex began trading at 81,707.38 after rising 206.02 points or 0.25 per cent in early trade. At the same time, the NSE Nifty was trading at 24,986 after...
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IndiaAI Mission Picks 8 Projects to Boost Ethical AI Development
The government has selected eight artificial intelligence (AI) projects from top Indian institutions to enhance the ethical AI development across diverse themes in the country.The IndiaAI Mission picked eight projects across various themes, against the expression of...
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Hyundai Motor Releases Revamped Casper Mini SUV
Leading automaker Hyundai Motor said on Thursday it has released a revamped version of the company's entry-level mini SUV, Casper.The new Casper builds on the iconic design of the previous model, enhancing the SUV's rugged appearance with a more sophisticated exterior and...
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North Korean Hackers Steal $3 BN in Crypto to Fund Nuclear Programme
North Korean hackers have stolen an estimated $3 billion worth of cryptocurrency since 2017, using the funds to support the regime's nuclear and missile programmes, a Microsoft report showed on Thursday.Of that amount, between $600 million and $1 billion was stolen just...
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India Poised to Lead Emerging Markets, Cement Its Position in Global Economy by 2035: S&P Global
Among the key emerging markets, India is poised to be the fastest-growing major economy over the next three years and the third largest globally by 2030, a global report showed on Thursday.Emerging markets will play a crucial role in shaping the global economy over the next...
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Key State Governments' Capex to Rise by 13 PC to RS 6.5 Lakh Crore in FY25: Report
The capex of key state governments is projected to rise by 13 per cent in the current fiscal (FY25) to Rs 6.5 lakh crore, according to a report on Wednesday.However, compared to the FY25 budget estimate (BE) of Rs 7.2 lakh crore, the latest projection falls short following...
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19 of Top 30 IPOs by Size Fail to Generate Excess Returns: Report
Nineteen out of the top 30 IPOs by size have failed to generate excess returns when compared to the returns from the CNX500 index, according to a report.Capitalmind Financial Services, a wealth management firm, said in a report that 8 of the 30 have delivered negative...
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India Now Ranks 6TH in Share of GenAI Startups among Major Economies
India's Generative AI (GenAI) ecosystem saw the total number of startups surging 3.6 times, from over 66 in the first half of 2023 to more than 240 in the first half this year, a Nasscom report said on Wednesday. India now ranks sixth globally in the share of GenAI startup...
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Industrial and Warehousing Demand Surges 17 PC in Top 5 Indian Cities
Industrial and warehousing demand witnessed 20.2 million square feet of leasing in top five cities in the January-September period, registering a 17 per cent annual growth, according to a report on Wednesday.The quarterly average space uptake has steadily increased from 5.7...
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India Witnesses Another Strong Quarter for Two-wheeler Sales
Two-wheelers saw strong double-digit growth (year-on-year) in the second quarter of this fiscal, while three-wheelers grew by high single-digits, as wholesale volume trends were mixed across segments, a report showed on Wednesday.The original equipment manufacturers (OEMs)...