Govt may outperform fiscal target at 4.8 per cent of GDP in FY’25 on lower capex, say foreign banks’ economists
Ahead of budget 2025-26, Foreign banks, brokerages and consultancies expect the government to likely outperform on its FY25 fiscal consolidation target, closing the year at 4.8 per cent of GDP versus 4.9 per cent budgeted for the current fiscal. The main reason for the outperformance could be weaker than budgeted public
India, US sign MoU for cooperation in cyber crime investigations
India and the US have signed an agreement to enhance cooperation in cybercrime investigations, per the Ministry of External Affairs. The Memorandum of Understanding (MoU) on cyber crime investigations will allow the respective agencies of the two countries to step up cooperation and training on use of cyber threat intelligence
Bharat Mobility Global Expo 2025: Day 2 unveils exciting future mobility innovations from Hyundai, VinFast, BYD
The second day of Bharat Mobility Global Expo 2025 kicked off with some exciting unveiling of future mobility that would change the perception of electric vehicles (EVs) in personal ownership, and public transportation. The day started with the launch of two EVs — VF 7 and VF 6 — from
India’s economic growth poised to rebound as demand picks up: RBI bulletin, ETCFO
Mumbai, Jan 18 (IANS) India’s economic growth is poised to rebound as domestic demand regains strength reflecting a resilience in consumption, supported by brighter agricultural prospects,” according to the RBI’s monthly bulletin for January. Mumbai, India’s economic growth is poised to rebound as domestic demand regains strength reflecting a resilience
Electric vehicle sales in India crossed 14.08 lakh units in 2024: Kumaraswamy
Electric vehicle sales in India crossed 14.08 lakh units in 2024, achieving a market penetration rate of 5.59 per cent, up from 4.44 per cent in the previous year, Union Minister H D Kumaraswamy said on Saturday. The minister asserted that the upward trend in EV adoption underscores the growing
Centre to back auto industry’s global leadership: PM Modi at Bharat Mobility Expo
Prime Minister Narendra Modi on Friday said that the Centre has given all the support to the automobile industry and they can expect more in the coming years as India becomes a leading automobile market in the world. Speaking at the inaugural session of the Bharat Mobility Global Expo 2025
India targets ₹1 lakh crore export earnings from fish, fishery products
India has set an ambitious target of achieving ₹1 lakh crore earnings through the export of fish and fishery products, according to George Kurian, Union Minister for Fisheries, Animal Husbandry and Dairying. Last year, the country achieved an impressive total income of ₹63,000 crore through the export of fish and
Milky Mist takes a step towards ₹2,000 crore IPO, picks investment bankers
2025 is set to be a milestone year for Erode-based food products major Milky Mist. The company has started its process to go public by picking investment bankers for the issue. JM Financial and IIFL Capital Services are among the bankers running the process, as per sources. The company, which
Potential maritime threats near East African countries persist: Rajnath
India’s economic prosperity is linked to maritime security and, therefore, it’s necessary to protect our territorial waters and ensure freedom of navigation, said Defence Minister Rajnath Singh. He was addressing senior Navy officers and other civilian staff on Friday during the celebration of the ‘Year of Naval Civilians’ here. In
Number of EVs in India could increase eight-fold by end of 2030: Modi
Prime Minister Narendra Modi on Friday said that the number of electric vehicles (EVs) in India could increase eight-fold by the end of this decade, showcasing the immense potential in this segment. He, therefore, urged the industry to invest more in this sector. Speaking at the inaugural session of the