Passenger traffic at Bangalore airport jumped 96 per cent to 31.91 million in FY2022-23 compared to 16.28 million in the previous year, the private airport operator announced on Tuesday. Domestic traffic grew 85.2 per cent to 28.12 million in FY23 against 15.18-million in FY22 while international traffic rose over three-fold to 3.78 million during the [...]
More than 95 per cent of prospective homebuyers feel that a further increase in interest rate on home loans will affect their purchase decisions, according to a CII-Anarock survey. A total of 4,662 people participated in the survey carried out jointly by industry body CII and real estate consultant Anarock. The report 'The Housing Market [...]
Continued government push to build infrastructure will drive cement demand further this fiscal by 8-9 per cent on top of a 9 per cent growth in FY22, which will help the sector see some recovery in profitability, a report said. According to India Ratings, which has a neutral outlook for the sector for the year, [...]
With software exports hitting a record high of USD 320 billion in FY23, the country's share in global computer services exports has jumped to around 11 per cent in the year, according to an analysis. But the country still lags in the overall services export share at about 4 per cent, according to analysis of the [...]
As many as 76 key infrastructure projects worth about Rs 5.14 lakh crore of different ministries have been evaluated under the PM Gati Shakti initiative in the last one year, a senior official said on Monday. These projects have been recommended by the Network Planning Group (NPG) constituted under the PM Gati Shakti initiative launched [...]
The dispute panel of the Geneva-based World Trade Organisation (WTO) on Monday said the import duties imposed by India on certain informational and technology products violates global trading norms. The ruling followed a dispute filed by the European Union, Japan and Taiwan against these duties in the WTO. "We recommend that India bring such measures [...]
Union Minister Nitin Gadkari on Monday called for active support from states and UTs to strengthen policies and strategies for the transformation of the road transport sector, according to an official statement. The Union road transport and highways minister chaired a meeting of transport ministers from all states and Union Territories (UTs) to discuss various [...]
Equity benchmark indices rebounded in early deals on Tuesday after falling sharply in the previous trade amid strength in the US markets. The 30-share BSE Sensex climbed 202.72 points to 60,113.47 in early trade. The broader NSE Nifty gained 59.75 points to 17,766.60. Among the Sensex firms, Tata Motors, HCL Technologies, IndusInd Bank, Maruti, Nestle, [...]
Inflow in gold exchange-traded funds (ETFs) dropped 74 per cent year-on-year to Rs 653 crore in 2022-23, mainly due to profit booking in this asset class and investors' preference for equities. However, the asset base of gold ETFs and investors' account or folio numbers increased in the last fiscal, data from the Association of Mutual [...]
Private equity and venture capital funds' investments declined by 4 per cent to USD 5.3 billion in March 2023 as against the year-ago period, a report said on Monday. In terms of number of deals, there were only 82 transactions in March 2023 as against 125 in the year-ago period, as per the report by [...]
