India’s growing middle class to drive insurance industry’s growth in FY24, says Moody’s, ETCFO
India’s insurance industry is poised for sustained growth in financial year 2024-25, driven by the country’s robust economic expansion and increasing demand for health insurance, according to a new report by credit ratings agency Moody’s. The report says that insurers in India are expected to benefit from a rise in
Sustainable logistics gets a boost at Bharat Mobility Global Expo
Auto makers are devoting considerable resources on developing future-ready green mobility technologies and products with increasing focus on developing a domestic ecosystem for vehicles powered by electricity, liquefied natural gas (LNG) and green hydrogen. Focus on clean energy pathways, technologies and products was a dominant theme at the Bharat Mobility
Discount for gold in India rises to $15/ounce on subdued demand
The discount at which domestic gold is trading to international prices has increased to $15 an ounce from an average of $4 since December due to subdued demand, a World Gold Council expert has said. “The subdued demand environment was reflected in the spread between domestic and international prices… Consumers
India’s GDP contribution from the EdTech sector is expected to quadruple by 2029: Report
The EdTech sector in India is witnessing unprecedented growth, with its contribution to the country’s GDP projected to rise from 0.1 per cent in 2020 to 0.4 per cent by 2029, according to a joint report by the Internet and Mobile Association of India (IAMAI) and Grant Thornton Bharat. The
Agriculture processing industry seeks modernisation incentives, tax breaks, export boosts in Budget
As the Union Budget 2025-26 approaches, leaders from the agriculture processing and allied industries have voiced their expectations for measures that can significantly boost the sector’s growth and sustainability. Their focus revolves around modernising operations, enhancing efficiencies, and supporting the agricultural economy with targeted policy interventions. Read also: Budget 2025-26
Sarla Aviation hopes to make electric flying taxi a reality by 2028
Aerospace start-up Sarla Aviation, which is showcasing its air taxi prototype at the Bharat Mobility Global Expo 2025, aims to make electric flying taxis a reality in the country by 2028. The start-up recently raised $10 million in Series A1 funding round which was led by Accel. The round also saw participation of
Fingers crossed for India as Trump readies for second innings as US Prez
As Donald Trump prepares to take over as the US President for the second time in a star-studded inaugural ceremony on Monday, India is on the `wait and watch’ mode to see how tariff actions threatened by him play out against the country and the world, specifically China, before it
‘Polar vortex’ forces Trump 2.0 inauguration indoors as weathermen predict ‘dangerous cold climes’
Massive disruption in winter weather engineered by a ‘polar vortex’ will pump a blast of frigid air into eastern parts of the US, rendering Donald Trump’s second inauguration as President the coldest in at least 40 years, according to weathermen. “Heading into the evening on Monday, the polar vortex will
Solar power developers seek relief from MNRE to overcome anti-dumping duty impact
The solar power developers have reached out to the Ministry of New and Renewable Energy (MNRE) to extend “change in law” relief for the existing power purchase agreements (PPAs) following the imposition of the anti-dumping duty (ADD) on solar glass imports from China, Vietnam. According to the developers, ADD on
OMCs to float tender for supply of 110 crore litres of ethanol exclusively for FCI rice
Oil marketing companies this week are expected to float tender under Cycle 3 (C3) for the supply of about 110 crore litres of ethanol during ESY2024-25 (November-October) which has been restricted only to ethanol to be produced from the subsidised rice of the Food Corporation of India (FCI) to be