Tag Archives: india

Maldives President Mohamed Muizzu has expressed gratitude to India and China for their support in easing the country's debt repayment burden, enabling the Maldives to assert greater economic sovereignty. Addressing the official Independence Day function in the Maldives on Friday, Muizzu praised his administration's foreign policy and highlighted eight months of "diplomatic success."

Airbus Helicopters has shortlisted eight potential sites in India for establishing a final assembly line (FAL) for its H125 chopper, marking the company’s fourth such facility worldwide. The new production line, a partnership with Tata Advanced Systems Limited (TASL), is set to be the first private-sector civil helicopter assembly line in India.

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.

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.

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.

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.

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.

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.

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.

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.