Search Results for: fiscal deficit

Ola Electric fast losing market share, market experts tell investors to remain 'cautious'

Ola Electric's market share in the electric two-wheeler market has slipped from 49 per cent in the June quarter (Q1 FY25) to 33 per cent in August on a month-to-date basis.

Aug 24, 2024

US Rate Cut Fuels Optimism in Indian Stock Markets

The anticipated US rate cut is expected to boost the Indian stock market and various sectors like IT, BFSI, automotive, and real estate. The Indian markets have been on a recovery rally, influenced by positive US economic data and global cues.

Aug 24, 2024

India mobile phone exports reach $6.5 billion in April-July, iPhones lead

India's Mobile Phone Exports Soar; Apple Leads The Way with iPhones

India's mobile phone exports have reached a new high, with a significant contribution from Apple's iPhone exports. According to industry data, exports of mobile phones from India reached $6.5 billion in the April-July period of the fiscal year 2025 (FY25), marking a nearly 40% surge from the same period in the previous fiscal year (FY23).

Aug 23, 2024

Centre to launch new EV testing facility in Bengaluru on Thursday

In a strategic move to expand electric vehicle (EV) battery and charger testing in South India, the Union government on Wednesday said it will launch a new testing facility in Bengaluru, Karnataka.

Aug 21, 2024

Import dependency of India's urea industry to fall 10-15 pc this fiscal

India's Urea Industry Marches Towards Self-Sufficiency

India's urea industry, a significant contributor to the country's chemical fertilizer demand, is on the brink of a significant shift. The industry, which currently relies on imports for 30% of its needs, is expected to reduce this dependency to 10-15% in the near-to-medium term.

Aug 21, 2024

Tata Group To Invest Rs 2,300 Crore In Karnataka

Tata Group to launch iPhone assembly plant in India; Rs 6,000 crore investment planned

Tata Group is set to launch an iPhone assembly plant in Hosur, Tamil Nadu, expanding Apple's footprint in India. The plant, expected to employ over 50,000 workers, will manufacture iPhones using components from a Tata unit.

Aug 20, 2024

India records 26 pc jump in FDI flows in first quarter

The gross foreign direct investment (FDI) flowing into the Indian economy has surged by 26.4 per cent to $22.5 billion during the April-June quarter of the current financial year compared to the same quarter of the previous year, according to the RBI's latest monthly bulletin.

Aug 20, 2024

Adani Portfolio clocks 50 pc surge in net profit, stands at Rs 10,279 cr in Q1

Led by emerging businesses, including solar and wind manufacturing as well as airports and roads, the Adani Portfolio's net profit soared 50.1 per cent to Rs 10,279 crore (year-on-year) in the first quarter of this fiscal, while EBITDA reached Rs 22,570 crore -- up 32.9 per cent YoY

Aug 19, 2024

PM Modi meets Foxconn Chairman, discusses investments in 'futuristic sectors

Foxconn India biz surges to $10 bn, Apple India operations at $23.5 bn in value

Foxconn's business in India has grown to $10 billion, driven by the 'Make in India' initiative and production-linked incentive scheme, with plans for further investment and job creation.

Aug 19, 2024

Andhra cadre IPS office Nalin Prabhat appointed as news DGP of J&K

On Wednesday Nalin Prabhat was sent on deputation to the AGMUT cadre and on Thursday he was appointed as the new DGP of J&K Police.

Aug 15, 2024

'Make in Bharat for the World' has become a reality: Ashwini Vaishnaw

Union Minister for Railways, Electronics and IT and I&B, Ashwini Vaishnaw, on Tuesday said the aim of the production-linked incentive (PLI) scheme is to build scale in domestic manufacturing, as tech giant Apple exceeded its export targets in the first four months of the current fiscal.

Aug 13, 2024