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Kumbh Mela 2025: Impact On Local Economy And Business
December 29, 2024
As businesses see a huge potential for consumption during the 45-day Maha Kumbh in Prayagraj, …
An estimated 400–450 million tourists are anticipated to visit Prayagraj in 2025, resulting in …
The Maha Kumbh will lower unemployment in the region; services that give guests options for …
India’s IPO market zoomed to $11.2 billion in 2024, set for record growth next year too, says report
December 29, 2024
India's IPO market hit a bull run in 2024, with proceeds skyrocketing to $11.2 billion — more …
The IPO pipeline for 2025 promises even bigger fireworks, fueled by skyrocketing retail …
India's key IPOs in 2024 included Hyundai Motor's $3.3 billion issue, Swiggy's $1.3 billion …
India household spending on non-food items rises as urban-rural gap narrows
December 29, 2024
The urban-rural monthly per capita consumer spending gap in India narrowed to 70% in 2023/24 …
Household Consumption Expenditure Survey for 2023/24 says that India household spending on non-…
Non-food items accounted for about 53% of per capita spending in rural areas, up from about 47% …
How did Surya ghar Yojana scheme manage to reach 6.3 lakh solar installations in nine months?
December 29, 2024
India has added an impressive 30 gigawatts of new generation capacity, a key step toward …
A lot of domestic manufacturing capacity will come up in the year 2025 because of the PLI …
The Surya ghar Bijli Yojana has seen a remarkable success with almost 6.3 lakh installations in …
India achieves record coal production of 997.83 MT in FY24, targets 1.5 BT by 2030
December 29, 2024
Under the Integrated Coal Logistics Plan the government has targeted Coal production of 1.5BT …
India achieved its highest-ever coal production of 997.826 million tonnes in the FY2023-24, …
During the calendar year 2024 (up to December 15), coal production reached a provisional 988.32 …
Venture capital activity in India hits $16.77 billion in 2024, marking 14.1% growth
December 29, 2024
The technology sector led the surge in deal volume, securing $6.50 billion--a substantial 52.5 …
Industry leaders are optimistic about sustained growth into 2025, forecasting more IPOs and …
Venture capital (VC) activity in India has witnessed significant growth from January to …
Electronics Sector In India Projected To Create 12 Million Jobs By 2027
December 29, 2024
The electronics sector in the country is projected to create 12 million jobs by 2027 — 3 …
India’s electronics sector has witnessed remarkable growth, propelled by initiatives such as ‘…
The electronics industry has an ambitious goal of achieving $500 billion in manufacturing …
2024: A year of building on a foundation for sustainable growth in India's pharma sector
December 29, 2024
2024 has been a year of building on robust foundation with sustainable growth for India's …
The Indian pharma industry is a knowledge-driven sector and a key driver for the nation's economy
India’s Pharma industry is estimated to be US$58 billion, with equal contribution from exports …
PM Modi calls chess world champion Gukesh an embodiment of calmness and humility
December 29, 2024
D Gukesh expressed gratitude for PM Modi's support and discussed the transformative potential …
PM Modi met chess world champion D Gukesh, praising his confidence, calmness, and humility
PM Modi highlighted D Gukesh's determination, recalling his prediction of becoming the youngest …
PM Narendra Modi meets D Gukesh, receives signed chess board from world champion
December 29, 2024
PM Modi recently met India’s chess prodigy D Gukesh after his historic triumph at the World …
The 18-year-old Grandmaster, who became the youngest world champion, D Gukesh gifted the Prime …
PM Modi applauded D Gukesh for fulfilling this ambitious goal through hard work and perseverance
India Inc to boost hiring by at least 10% next year vs 2024, estimates CIEL HR
December 29, 2024
For most of Indian companies, overall hiring in 2025 is likely to surpass the current year's …
In 2025 the highest number of jobs will be added in sectors like semiconductor, startups, …
The year 2025 will mark a 10% increase in jobs in India compared to the current year: CIEL HR’s …
Year Ender 2024: The Beginning Of The End Of Naxalism, 2025 Crucial
December 29, 2024
PM Modi has directed top officers in the affected states to create a plan to eliminate Naxalism …
In 2024 (up to November 15), there has been a 25% reduction in Left-Wing Extremism related …
Left-Wing Extremism related violence has decreased by 73% in 2023 compared to the peak levels …
How PM Modi’s Policies Uphold True Spirit Of The Constitution
December 28, 2024
Under PM Modi’s leadership since 2014, the Constitution has not only been upheld but has become …
Modi government’s approach to governance reflects a commitment to the constitutional values of …
One of the most significant constitutional amendments under the Modi government has been the …
2024: A Landmark Year for India’s Defence Sector
December 28, 2024
2024 marks a critical chapter in India’s defence evolution, as the Ministry of Defence propels …
Building on its commitment to Aatmanirbharta, India achieves remarkable progress in modernising …
From defence production and exports to technological advancements and strategic inductions, …
Rural, urban consumption inequality dips during Aug 2023-July 2024: Govt
December 28, 2024
Consumption inequality in rural as well as urban areas declines during August 2023-July 2024 …
The Gini coefficient declines to 0.237 from 0.266 for rural areas and from 0.314 to 0.284 for …
The urban-rural gap in MPCE (monthly per capital expenditure) declines to 71 per cent in 2022-…
Apple's India growth soars, to become Apple's 3rd-largest market by 2026
December 28, 2024
India is set to become Apple’s third-largest market by 2026, following the US and China, with …
Apple’s expansion strategy in India also includes targeting smaller cities, where growth is …
While Mumbai, Delhi, and Bengaluru remain key markets, Apple plans to open four more flagship …
10 big-bang policy moves Modi government made in 2024
December 28, 2024
In 2024, the Central government took bold, transformative steps which are expected to shape the …
2024 has seen several big-bang moves that reflect India's growing confidence in its future
The Employment-Linked Incentive (ELI) Scheme, introduced in the FY 2024-25 Budget, aims to …
Luxury car boom: Six vehicles over Rs 50 lakh sold every hour in India in 2024
December 28, 2024
Luxury car sales in India surges significantly, with six cars over Rs 50 lakh sold every hour …
Luxury car sales expected to surpass 50,000 units in 2025
Luxury car sales to surpass 50,000 units driven by affluent consumers and luxury carmakers …
Adani places India's largest order for 8 tugs under Make in India initiative for 450 cr with Cochin shipyard
December 28, 2024
Adani Ports and Special Economic Zone Ltd announces the procurement of eight state-of-the-art …
Adani ports' Rs. 450 crore order aligns with the government's Make in India and Aatmanirbhar …
By leveraging local manufacturing capabilities, which are world-class, we aim to contribute to …
‘India’s commitment to digital innovation in healthcare is inspiring’: YouTube Health’s Dr Garth Graham
December 28, 2024
YouTube had over 6 million uploads of health videos, which had over 75 billion views in India …
Over the last few years, the YouTube has been playing a key role in transforming access to …
India’s commitment to digital innovation, especially in healthcare, is truly inspiring, with …
2024 saw push to India’s digital growth; over 6 crore trained under PMGDISHA
December 28, 2024
Nine projects under the scheme for the promotion of manufacturing electronic components and …
6.39 crore individuals trained under Pradhan Mantri Gramin Digital Sakshatra Abhiyan (PMGDISHA) …
The Central government approved four semiconductor manufacturing units in India under the …
2024 in review! How India's CE industry set the stage for a $25 billion market by 2030
December 28, 2024
2024 has been a significant period for the growth of India’s construction equipment industry
Supported by a particularly vibrant governmental programme, export figures and advances in …
Currently pegged at about $10 Bn (FY24), India's CE industry is the third largest globally and …
How Mahakumbh 2025 Is Redefining Religious Tourism In India
December 28, 2024
Mahakumbh 2025 in Prayagraj is set to be more than a spiritual gathering; it is the cornerstone …
40 crore visitors expected at Mahakumbh 2025 in Prayagraj
Officials estimate that Mahakumbh 2025 will spur financial transactions worth ₹3 lakh crore, …
2024: A landmark year for green energy in India with record renewable addition and policy momentum
December 28, 2024
India reaches a significant milestone this year with the country's total renewable energy …
It is in 2024 that clean energy now constitutes at least 45 percent of India’s total power …
In 2023, a total renewable capacity of 13.5 GW was installed, whereas between January and …
Narendra Modi | The third coming
December 28, 2024
In 2024, PM Modi shows immense resilience despite setbacks, continues his dominance over the …
Amid ongoing wars in Europe (Russia-Ukraine) and the Middle East (Israel-Hamas) in 2024, PM …
PM Modi ensured that relations with the US continued to prosper, especially in the areas of …
'I Was Chief Minister When He...': PM Modi Remembers Manmohan Singh In Special Video Message
December 28, 2024
Dr. Manmohan Singh Ji and I interacted regularly when he was PM and I was the CM of Gujarat: PM Modi
Dr. Manmohan Singh Ji and I would have extensive deliberations on various subjects, including …
Dr. Manmohan Singh Ji will always be remembered as an honest man, a great economist and a …
Biden-Modi's bond and the return of friend Trump; How have India-US relations fared in 2024?
December 28, 2024
PM Modi has maintained strong relations with both Presidents Biden and Trump.
Between June 2023 and September 2024, both PM Modi and President Biden hosted each other in …
Observers expect India-US relations to continue to receive bipartisan support in Trump's …
Bad loans decline: Banks’ gross NPA ratio declines to 13-year low of 2.5% at September end, says RBI report
December 27, 2024
GNPAs ratio of scheduled commercial banks (SCBs) declined to the lowest in more than 13 years …
In FY24, the consolidated balance sheet of commercial banks in the country remained robust, …
GNPAs of banks reduced by 15.9% YoY to Rs 4.8 lakh crore as on March 31, 2024. The improvement …
Electronics goods emerge as fastest growing segment in India's exports
December 27, 2024
Electronics goods have emerged as the fastest-growing segment in India's export basket as new …
The country's electronic exports jumped by a robust 27.4 per cent to $22.5 billion in April-…
Within the electronics sector, smartphone exports have recorded a 45% increase in exports as …
Indian banks’ profitability improves for six straight years, balance sheet robust on low NPAs: RBI report
December 27, 2024
The profitability of banks improved for the sixth consecutive year in 2023-24 and their gross …
According to a report released by RBI, the financial position of Indian banks has stayed robust,…
India's macro fundamentals have boosted the performance and soundness of the banking and non-…
Indian economy to grow around 6.5% in FY25 amid global triggers, GDP to bounce back in second-half: FinMin report
December 27, 2024
The Indian economy is expected to grow nearly 6.5% in the current fiscal year 2024-25 (FY25)
The Finance Ministry expects a gross domestic product (GDP) growth of 6.5% in FY25 after the …
An increase in the MSP for rabi crops, a high reservoir level, and adequate fertiliser …
Railways conducts trial run of electric engine on India's first cable-stayed rail bridge in J&K
December 27, 2024
Indian Railways successfully conducted a trial run of an electric engine on the Anji Khad …
The Anji Khad Bridge is part of the USBRL project, aimed at enhancing connectivity, and is …
Union Railway Minister Ashwini Vaishnaw shared a video of the trial on social media platform X, …
Mutual Funds: Total asset size spikes 40% in a year, individuals own lion’s share as equity schemes turn favourites
December 27, 2024
The total assets managed by the mutual fund industry jumped nearly 40% in a year to ₹68.05 …
The increase is primarily attributed to investment by retail investors, that too in equity schemes
This year saw the launch of 205 New Fund Offers (NFOs), raising close to ₹1 lakh crore, which …
Passive investments surge in 2024: Index fund folios double, ETFs up 40%
December 27, 2024
Index funds and exchange-traded funds (ETFs) have added a record number of investment accounts …
Investment accounts, or folios, in index funds are on track to double during the ongoing …
Assets under management (AUM) in the passive investment segment surged 23% to ~11 trillion …
Toll mopup may top Rs 70,000 cr in 2024
December 27, 2024
India's toll collection in 2024 may exceed ₹70,000 crore as daily collections grow due to new …
With 164 toll plazas added in FY24 and FY25, the country now has 1,040 plazas, boosting revenue …
Daily average collection in 2024 stood at ₹191.14 crore as against ₹170.66 crore last year
From Rs 20,000 in 1882, Maha Kumbh cost in 2025 soars to Rs 7.5k crore
December 27, 2024
Prayagraj is preparing to host the largest-ever Maha Kumbh with an expenditure of Rs 7,500 …
Historical records show significant growth in the event's scale, from 8 lakh devotees in 1882 …
The archives show that during the 1882 Maha Kumbh, about 8 lakh devotees bathed on Mauni …
States with high malaria burden dip from 10 in 2015 to 2 in 2023: Government
December 27, 2024
The number of states/UTs falling with high malaria burden in India has come down from 10 in …
According to the health ministry, from 2015 to 2023, numerous states have transitioned from the …
In 2015, the ministry said, 10 states and UTs were classified as high burden (Category 3), of …
India's defence exports touched record Rs 21,083 crore in 2023-24, marks 32.5 pc growth
December 27, 2024
India's defence exports continue to rise touching a record Rs 21,083 crore (about USD 2.63 …
The figures indicated that the defence exports grew by 31 times in the last 10 years as …
Defence production went up to a record-high figure of Rs 1,26,887 crore, reflecting a growth of …
India In 2024: The Great Balancing
December 27, 2024
As the year concluded, PM Modi signed it off with a historic visit to Kuwait, the first visit …
PM Modi was awarded 'The Order of Mubarak Al Kabeer' by the Amir of Kuwait, Sheikh Meshal Al-…
India & Kuwait elevated their ties to a ‘strategic partnership' with a focus on diverse areas
Empowering India’s Farmers: How PM Modi’s Vision Is Transforming Agriculture
December 27, 2024
PM Modi has revolutionised the agricultural ecosystem over the last decade
Through bold initiatives and transformative policies, PM Modi has not only strengthened the …
Programmes like the ‘Lakhpati Didi’ initiative are uplifting millions of women, recognising …
STPI Software Exports From Tier 2-3 Cities Soar
December 27, 2024
Tier 2-3 cities drove a 28% surge in software exports via STPI firms
Smaller cities are emerging as India’s new IT growth hubs
Decentralized IT growth unlocks opportunities beyond metros
India's net services export earnings soar 17.2% on year to an all-time high of US$ 17.1 billion in Oct-24
December 27, 2024
India's net services exports reached a record $17.1 billion in October 2024
IT, finance, and travel services significantly contributed to India’s export growth in 2024
The 17.2% YoY in India’s net services export growth highlights India's global competitiveness …
Travel boom in India will enable branded hotels log double-digit growth this fiscal and next: Crisil
December 27, 2024
Branded hotels in India to witness double-digit revenue growth this fiscal and next
Crisil credits increased domestic and international travel for the surge
India's travel boom reflects a strong recovery for the hospitality sector
PM Modi chairs meeting of PRAGATI, reviews projects worth over Rs 1 trn
December 27, 2024
PM Modi reviewed over ₹1 trillion worth of projects during the PRAGATI meeting
The PRAGATI meeting chaired by PM Modi focused on infrastructure development and resolving …
PRAGATI platform aims at ensuring timely execution of critical national projects
PM Modi at Veer Bal Diwas: World looks at us due to youth power, focus is to empower them
December 27, 2024
The PM launched the ‘Suposhit Gram Panchayat Abhiyan’, which aims at improving the nutritional …
From freedom struggle to the 21st century movements, Indian youth have contributed to every …
The world looks at us due to youth power; our focus is to empower them: PM Modi
‘2024 A Transformative Year For India’: A Look At Key Milestones Achieved Under Modi Govt
December 27, 2024
Under PM Modi’s leadership, India has made remarkable strides, setting global benchmarks in …
India’s digital payment ecosystem recorded a staggering 16.5 billion transactions in 2024
Between 2014 and 2024, an astounding 25 crore Indians have been lifted out of poverty
Invested $50M in India, pharma & IT propel growth, says logistics major Kuehne + Nagel
December 27, 2024
Invested $50M in India, pharma & IT propel growth: Logistics Major Kuehne + Nagel
Kuehne + Nagel attributed its growth in India to the booming pharma and IT industries
India is a key market for Kuehne + Nagel's global supply chain operations
India third-best performing major market in 2024, domestic mcap soars 18.4%
December 27, 2024
India ranked as the third-best performing major market globally in 2024
Domestic market capitalization increased by an impressive 18.4% this year
India will finish the year with the fifth biggest global market
Equity raised through IPOs will cross Rs 2 trillion in 2025: Report
December 27, 2024
IPO equity in India is forecasted to exceed ₹2 trillion in 2025: Report
The ₹2 trillion projection marks a significant rise in India’s IPO market activity
India's IPO market has consistently seen strong performance across key sectors
India's mcap jumps 9.4% in December; highest in 3 years, best among leading global markets
December 27, 2024
India’s market capitalization surged by 9.4% in December 2024, the highest in three years
The December mcap increase outperformed all leading global markets
The mcap rise highlights India’s economic resilience and investor optimism, attracting investor …