Highlighting India’s growth in digital transactions, External Affairs Minister S Jaishankar on Wednesday said that while India does transactions worth Rs 120 crores in a month, the US does only worth Rs 40 crores in a year. The EAM further said that while some countries have doubts about the efficiency of democracy, India has shown […]
The India-UK free trade agreement is likely to be signed post the formation of new government at the Centre. “The legal vetting of the trade deal is on. Even if we iron out the last few issues, the deal cannot be announced till elections are over and a new government is formed” a senior government […]
Vishal Mega Mart is reportedly planning a USD 1 billion initial public offering (IPO) that would value the company at up to USD 5 billion. The IPO proceeds are intended to fund the addition of new stores, according to sources familiar with the matter as reported by Reuters. Switzerland’s Partners Group and India’s Kedaara Capital, […]
India signed the Free Trade Agreement (FTA) with the four-nation European Free Trade Association (EFTA) bloc, on Sunday. Union Commerce Minister Piyush Goyal co-chaired the meeting on the India-EFTA trade agreement in the national capital on Sunday. The European Free Trade Association (EFTA) is a regional trade organisation of four countries–Iceland, Liechtenstein, Norway and Switzerland–that […]
Finance Minister Nirmala Sitharaman has presented the budget for the sixth time. On Thursday, she unveiled the interim budget for FY 2024-2025 ahead of the official government takeover in July 2024. Sitharaman expressed confidence in BJP’s victory in the upcoming general election this year. She stated, “In July 2024, our administration will present a comprehensive […]
Union Commerce Minister Piyush Goyal said that India and UAE aspire to expand their bilateral trade to USD 100 billion. While addressing the ‘UAE India Business Summit’ held at the 10th edition of Vibrant Gujarat Global Summit, the Minister underscored the multifaceted nature of the India-UAE partnership, encompassing collaborations in space exploration, security, education, and […]
In a strategic move to cut costs and diversify its supply chain, Walmart, the world’s largest retailer, has significantly increased its imports from India, reducing its reliance on China, according to exclusive data obtained by Reuters. Data from bill of lading figures, shared by data firm Import Yeti, reveals that Walmart shipped a quarter of […]
The Union Cabinet, chaired by Prime Minister Narendra Modi, on Wednesday approved an increase in the Minimum Support Prices (MSP) for all mandated Rabi crops for the 2024-25 marketing season. The government through its agencies procures crops from farmers at the support price. The highest increase in MSP has been approved for lentil (masur dal) […]
Prime Minister Narendra Modi virtually interacted with CEO of Google and Alphabet Sundar Pichai earlier on Monday. During the interaction, PM Modi and Pichai discussed Google’s plan to participate in expanding the electronics manufacturing ecosystem in India. Prime Minister appreciated Google’s partnership with HP to manufacture Chromebooks in India. Prime Minister acknowledged Google’s 100 languages […]
Taiwanese electronics major Foxconn aims to double its workforce and investment in India by next year, a company representative based in India said on Sunday. “Under your leadership, Foxconn has grown smoothly and rapidly in India. We will work even harder to present you with a greater birthday gift next year, aiming for another doubling […]
