Business Archives - Eastern Mirror
Tuesday, November 26, 2024
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Nokia wins multi-billion 5G deal from Bharti Airtel for India operations

NEW DELHI — Nokia on Wednesday said it has been awarded a multi-year, multi-billion extension deal by Bharti Airtel to deploy 4G and 5G equipment across India. This strategic partnership with Nokia will “future-proof our network infrastructure an...

20 Nov 2024

On World Fisheries Day, new schemes to be launched to push growth

NEW DELHI — The Centre’s Department of Fisheries will celebrate World Fisheries Day (WFD) on Thursday, recognising the role and contribution of fisherfolk, and fish farmers in the overall growth of the sector, and demonstrating solidarity wit...

20 Nov 2024

India aims for equity and balance when negotiating FTAs: Piyush Goyal

MUMBAI — India looks for equity, balance and fair trade when negotiating a Free Trade Agreement (FTA) with countries, the government said on Tuesday. Speaking at the 27th CITIC CLSA India Forum here, Union Commerce and Industry Minister Piyush Goya...

19 Nov 2024

PhonePe becomes top-rated app on Apple app store in India

NEW DELHI — PhonePe on Tuesday announced that it has hit 6.4 million ratings on the Apple app store in India with an average rating of 4.7 stars. This makes PhonePe the first Indian company to surpass the likes of YouTube, Instagram, and WhatsApp t...

19 Nov 2024

Meghalaya exports one MT Khasi Mandarin oranges to Dubai

SHILLONG — Meghalaya exported one Metric Tonne (MT) of Khasi Mandarin oranges to Dubai through Air India Cargo, officials said on Tuesday. Meghalaya government’s Department of Agriculture and Farmers Welfare exported the season’s first consignm...

19 Nov 2024

CM Siddaramaiah inaugurates 27th Edition of Bengaluru Tech Summit

BENGALURU — The 27th edition of the Bengaluru Tech Summit (BTS) 2024, jointly organised by the Department of Electronics, IT, and BT of the Karnataka government and Software Technology Parks of India (STPI), was inaugurated by Chief Minister Siddar...

19 Nov 2024

Average grievance redressal time reduced to 13 days from 30 days: Centre

NEW DELHI — The Centre on Monday said it has cut average grievance redressal time to 13 days from 30 days, which will soon be reduced further.  Union Minister of State (Independent Charge) for Personnel, Public Grievances and Pensions, Dr Jitendra...

18 Nov 2024

India rated fastest growing G20 economy with GDP growth projected at 7 pc for 2024

NEW DELHI — India is projected to be the fastest growing economy among the G20 countries with a 7 per cent GDP growth rate for 2024, followed by Indonesia in the second spot with 5 per cent while China is ranked third with an economic growth rate o...

18 Nov 2024

Gold, silver rebound on ongoing wedding season buying, global cues

NEW DELHI — Gold and silver prices rebounded on Monday in the national capital mainly on the back of ongoing wedding season buying by jewellers and retailers as well as strong global trend, according to the All India Sarafa Association. Snapping a ...

18 Nov 2024

Indian stock market opens in red, IT stocks suffer

MUMBAI — 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,...

18 Nov 2024

Samsung top pick for retail investors after US election

SEOUL — Retail investors scooped up 2.33 trillion won ($1.67 billion) worth of Samsung Electronics stocks since the U.S. presidential election, the country’s main bourse said on Sunday. Individuals purchased the chipmaker on bargain hunting f...

17 Nov 2024

India has become a market that you can’t ignore: Global experts

NEW DELHI — India has become a market that you can’t ignore, pushed on by government reforms and a booming tech industry, top industry experts have said. Speaking at a recent seminar hosted by The Asset in association with Deutsche Bank on the As...

17 Nov 2024

INR 27,000 crore Assam semiconductor plant to be game-changer in India’s chip ecosystem

NEW DELHI — The development of a semiconductor unit in Morigaon, Assam, spearheaded by Tata Semiconductor Assembly and Test Pvt Ltd (TSAT) with an investment of INR 27,000 crore is headed for completion in mid-2025, will be a game-changer for India...

17 Nov 2024

Technical textiles to become economic backbone of India: Giriraj Singh

NEW DELHI — Union Textiles Minister Giriraj Singh on Saturday said that technical textiles will become the economic backbone of India, adding that women can contribute a great deal in handloom and handicrafts sector. Inaugurating the textile pavili...

16 Nov 2024

Centre launches campaign for assessment year 2024-25 to help taxpayers

NEW DELHI — In a bid to help taxpayers, the government on Saturday launched a compliance-cum-awareness campaign for the assessment year (AY) 2024-25. The campaign by the Central Board of Direct Taxes (CBDT) will assist taxpayers in accurately compl...

16 Nov 2024

Bengaluru Tech Summit 2024 to host 2,500 plus startup attendees

BENGALURU — The 27th edition of Bengaluru Tech Summit (BTS) 2024, organised by Karnataka’s Electronics, IT, and Biotechnology Department, is set to take place from November 19-21 at Bengaluru Palace here. The BTS 2024 will host more than 2,50...

16 Nov 2024

India’s insurance sector growth surpasses China, Thailand: McKinsey

NEW DELHI — 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 ...

15 Nov 2024

India’s GDP to grow 6.5-7 pc through FY27 over infra, consumption push: Report

NEW DELHI — 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’...

15 Nov 2024

IRENA unveils partnership to accelerate renewable energy deployment in Central Asia

BAKU — The International Renewable Energy Agency (IRENA) on Friday unveiled a new partnership model that can accelerate renewable energy deployment and foster green industrialisation in Central Asia. The partnership was launched by IRENA at the COP...

15 Nov 2024

Indian stock market extends losses for 6th consecutive session

MUMBAI — The Indian stock market remained in red for the sixth consecutive session on Thursday as selling was seen in the PSU bank, pharma, FMCG and metal sectors. Sensex closed at 77,580.31 after dropping 110.64 points or 0.14 per cent and Nifty c...

14 Nov 2024

Over 40 crore gold jewellery items hallmarked to date, 4 lakh per day: Centre

NEW DELHI — The government on Thursday informed that more than 40 crore gold jewellery items have been hallmarked to date — over 4 lakh gold items being hallmarked per day.  In the fourth phase, kicked off by the Bureau of Indian Standards (...

14 Nov 2024

Indian stock market opens flat, DIIs continue to lift indices

MUMBAI — The Indian stock market opened flat on Thursday as buying was seen in IT, PSU banks, financial services and pharma sectors at Nifty. In early trade at around 9:43 am, Sensex was at 77,728.24 after rising 37.29 points or 0.05 per cent while...

14 Nov 2024

India inks pact with IEA to bolster critical mineral sector

NEW DELHI — The Ministry of Mines on Wednesday signed a Memorandum of Understanding (MoU) with the International Energy Agency (IEA) on cooperation in the area of Critical Minerals used in the manufacture of electronic goods, electric cars and mili...

13 Nov 2024

2-wheeler sales surge to record high of 21.64 lakh units in India in Oct

NEW DELHI — Total two-wheeler sales in the country surged by a robust 14.2 per cent to 21.64 lakh units in October this year, compared to 18.96 lakh units in October 2023, according to figures released by the Society of Indian Automobile Manufactur...

13 Nov 2024

India set to become ‘major producer’ of electric vehicles like China: Mark Mobius

NEW DELHI — India, which began its electric vehicle (EV) journey with two-wheelers, is set to become a “major producer” of electric vehicles like China in years to come, ace global investor Mark Mobius has said. The EV sales have seen a rec...

13 Nov 2024
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