India's Chief Scientist, Professor Ajay Kumar Sood, has unveiled a comprehensive roadmap aimed at propelling India to the forefront of the global electric vehicle (EV) revolution. Highlighting the urgent need for investment in research and development (R&D), Professor Sood asserted that a ₹1,200 crore infusion could pave the way for significant advancements in e-mobility within the next five years.
Read More »“Blue Star Forecasts Doubling of India’s AC Industry Value in 4 Years”
In a bullish forecast for India's air-conditioning (AC) industry, Blue Star has projected that it could double in value over the next four years, driven by expanding middle-class demand and rising disposable incomes in smaller Tier III, IV, and V markets.
Read More »Angel One Denies Data Breach Following Report of 8 Million Users’ Data Exposure
Financial services company Angel One has refuted claims of a recent data leak affecting nearly 8 million users, following reports of a significant breach. According to The Economic Times, a hacker allegedly accessed sensitive information, including names, addresses, and profit and loss statements of affected customers, which was subsequently posted on a website.
Read More »“World Bank Report: India Records $120 Billion in Remittances for 2023”
India has emerged as a global leader in remittance receipts, surpassing all expectations with a staggering $120 billion influx in 2023, according to the latest World Bank report. This figure marks a significant increase from previous years and highlights India's pivotal role in the global remittance landscape.
Read More »Morgan Stanley Forecasts 15.3% Annual Increase in India’s Infrastructure investments Over Next Five Years
Investment banking giant Morgan Stanley has projected a substantial growth in India's infrastructure investments, forecasting a compound annual growth rate (CAGR) of 15.3% over the next five years. This significant increase is expected to result in a cumulative expenditure of $1.45 trillion (₹121.16 lakh crore) by 2028.
Read More »Government Greenlights ₹7,453 Crore Plan for Offshore Wind Energy Initiatives
In a significant move towards harnessing renewable energy sources, the Union Cabinet has given the green light to a ₹7,453 crore-Viability Gap Funding (VGF) scheme for offshore wind energy projects. This initiative, aimed at promoting sustainable energy practices, includes the installation and commissioning of 1 GW of offshore wind energy projects and the upgradation of two ports to meet logistics requirements.
Read More »“India Ranks Third Globally in Domestic Airline Market, According to Report”
India has ascended to become the third-largest domestic airline market globally, fueled by a decade of robust growth in its aviation sector. This significant rise, from the fifth position a decade ago, underscores India's rapid development in airline capacity and passenger traffic.
Read More »“Report Reveals India’s Jewellery Retail Sector Growth of $30 Billion Over 6 Years”
The Indian jewellery retail sector has witnessed a remarkable surge, growing from $50 billion in 2018 to an impressive $80 billion (Rs 666,480 crore) in the financial year 2024, as per a recent report by Motilal Oswal Financial Services. This substantial growth is attributed to several key drivers that have propelled the industry forward.
Read More »“GitHub CEO Thomas Dohmke Revisits Bengaluru’s Brigade Road, Recaptures 16-Year-Old Memory”
GitHub CEO Thomas Dohmke recently revisited Bengaluru's iconic Brigade Road, capturing a nostalgic moment by recreating a photo taken 16 years ago at the same spot. Dohmke, who was in India this week, expressed his affection for the country, referring to it as his "new home away from home."
Read More »India Set to Maintain Strong Economic Growth, Anticipates 6.7% Expansion Over Three Years, Says World Bank
India is set to remain the world's fastest-growing major economy, with a projected steady growth rate of 6.7% over the next three years, according to the World Bank's latest Global Economic Prospects report released on Tuesday.
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