Storage in major reservoirs down on 11% post-monsoon deficient rainfall
The water storage in India’s 155 major reservoirs dropped further by 2 percentage points this week to 83 per cent of the capacity. However, the level was higher than last year and the last 10 years average (normal level), data from the Central Water Commission (CWC) showed. The levels in
India auto components industry to cross $80.1 billion revenue in FY25
India’s automotive components industry is expected to cross $80.1 billion in revenue in FY25. The industry is growing at a CAGR of 8 per cent since FY20. According to the Rubix Industry Insights – Automotive components report, the electric vehicle (EV) components contribution doubled to 6 per cent of total
APEC Climate Center forecasts La Nina emerging during Dec-Feb
The APEC Climate Center (APCC) has said there is a 62 per cent chance for La Nina conditions to persist between December 2024 and February 2025 with conditions turning neutral during February-April 2025 and March-May 2025. “The APCC ENSO (El Nino Southern Oscillation) alert suggests ‘La Niña Watch’. Niño3.4 index
India’s export outlook brighter as manufactured goods gain share: RBI, ETCFO
Mumbai, Nov 21 (IANS) The outlook for India’s exports is brightening as underneath the subdued growth profile of the past few months, the country has been gaining a share in global trade of key manufacturing items, according to the RBI bulletin for November. Mumbai, The outlook for India’s exports is
Saudi Arabia, India top domestic aviation recovery, OAG study shows
India has seen the second fastest recovery in domestic seat capacity among top twenty aviation markets compared to 2019, OAG, an aviation data provider has said in its latest analysis. Domestic seat capacity in India in 2024 is 12.7 per cent higher compared to 2019. Seat capacity growth in India
Mindsprint keen to focus on food and agriculture sectors, says its CEO
Leading edge technology and business services firm Mindsprint, earlier known as Olam Technology and Business Services (OTBS), wants to focus more on the food and agriculture sectors as it has “deeper” domain and industry knowledge, its Chief Executive Officer (CEO) Dharmendra Kapoor has said. “We are already in touch with
How ICRA, Morgan Stanley, and Moody’s see the road ahead?, ETCFO
India’s economic growth is under the spotlight as retail inflation surged to a 14-month high of 6.21% in October, with food inflation reaching 10.87%, breaching the RBI’s tolerance band of 2-6%. Recently speaking at the Central Banking seminar in New York, the Reserve Bank of India’s Deputy Governor said, “India
India focussed on developing content creators’ economy: Ashwini Vaishnaw, ETCFO
Panaji, Information and Broadcasting Minister Ashwini Vaishnaw on Wednesday said India was focussed on developing the content creators’ economy, showcasing the country’s rich heritage and culture, and diversity of languages and literature. In his video address at the inaugural event of the International Film Festival of India (IFFI) here, Vaishnaw
Annual RE installations likely to surpass 35 GW by FY27
The country’s annual renewable energy (RE) installations are expected to surpass 35 gigawatt (GW) over the next two years, primarily supported by a healthy pipeline of more than 100 GW projects, CareEdge Ratings said on Wednesday. “The accelerated growth in the RE over the last 12 months has been an
Growth likely to have slowed in Q2 but no significant downside risk to FY25 projections: DEA
India’s economic growth may have slowed in the September quarter, but overall there is not much downside risk to 6.5-7 per cent growth in the current fiscal year, Economic Affairs Secretary Ajay Seth said on Wednesday. Seth said while some goods and services may not have have grown at the