India

News and Trends

How Digital Payments Are Transforming the Indian Festive Season Shopping

The festive season sales have reflected an extraordinary rise in consumer spending, with early estimates suggesting that sales from September 26th to 28th alone crossed INR 26,500 crore

News and Trends

Amul's Global Expansion Carries Into Europe Following Success in the US

Mehta emphasized that dairy isn't just a business but a lifeline for rural India; highlighting how Amul's cooperative model has improved the lives of millions of farmers across the country

News and Trends

Hyundai Targets Multibillion Dollar Valuation: Set To Be the Biggest IPO in India

Hyundai's IPO specifics such as size, valuation, and other particulars are under discussion and are subject to change, with the listing expected to take place on October 22.

News and Trends

India's Innovation Landscape Set for Growth, Says Finance Minister

GCCs, primarily driven by multinational corporations, have seen rapid growth in India, with nearly 56 per cent of their revenue now coming from research and development (R&D) services.

News and Trends

India's Current Account Deficit Marginally Widens to $9.7 Billion in April-June 2024: RBI Report

The RBI attributed the year-on-year (YoY) rise in the CAD to an increase in the merchandise trade gap, which swelled to $65.1 billion in Q1 FY25 compared to $56.7 billion in the corresponding period a year ago.

News and Trends

McDonald's India (W&S) to Open 45-50 Stores Every Year Until 2027; Plans to Invest INR 1400 Crore

Akshay noted that coffee now accounts for 12 per cent of McDonald's overall sales. He predicts this figure will rise to 18 per cent over the next few years.

News and Trends

NEDFi Reports Strong Financial Growth in FY 2023-24, Net Profit Surges by 25.25%

One of the key highlights was the growth in sanctions, which increased to INR 846.37 crore from INR 798.03 crore in the previous year.

News and Trends

Hyundai Motor India Receives SEBI Nod for $3 Billion IPO, Set to be India's Largest

Hyundai has maintained a consistent market share between 15 per cent and 17 per cent since 2008, reinforcing its position as the second-largest automaker in India.

News and Trends

OECD Forecasts Higher Growth for India Amid Global Economic Resilience

The report anticipates India's growth to further increase to 6.8 per cent in FY 2025-26, up by 20 basis points from its earlier forecast.

Entrepreneurs

Our Plan is to Become India's Next Samsung: Cellecor Gadgets MD

Ravi Agarwal, Managing Director of Cellecor, recently shed light on the company's stellar performance in the last fiscal year, their ambitious growth targets for the future, and how they plan to dominate India's tech landscape.

News and Trends

Coal India and RRVUNL Partner to Boost Renewable Energy in Rajasthan

The governance structure of the joint venture will see CIL and RRVUNL nominating executives to the board, with CIL having the right to appoint four directors and RRVUNL appointing two.

News and Trends

Zoho-Backed Silectric to Invest INR 3,000 Crore in Silicon Carbide Manufacturing Unit in Odisha

The products manufactured by Silectric will primarily serve the power electronics sector, with applications in electric vehicles (EVs), automotive components and renewable energy.

News and Trends

India Will Lead The World In 6G: Minister of Communications

With over 30 crore mobile phones being produced annually, India has become the second-largest producer of mobile phones worldwide.

News and Trends

Coal Production in The Country Surged During FY 2024-25: Ministry of Coal

Coal India Limited's output rose to 311 MT in the fiscal year 2024-25, up from 302.53 MT in the same period the year before, registering a 2.80 per cent increase

News and Trends

Polymatech Electronics Invests $16.2 Million in Bahrain, Aims for Over $100 Million by 2027

The investment is part of a broader strategy, with the company planning to spend over $100 million in the Gulf nation by 2027