The Adani Group's entry into Israel through its strategic acquisition of the Haifa port will turn this northern coastal Israeli city into a strong and exciting Mediterranean hub, the city's mayor said on Tuesday. A consortium of Adani Ports and Special Economic Zone (APSEZ) and Israel's Gadot Group won the tender in July last year [...]
India has become the third-largest aviation market in the world and is growing rapidly, with the number of airports increasing to 147 from just 74 in 2014, President Droupadi Murmu said on Tuesday. She also said the Indian Railways is emerging as a modern institution and many inaccessible areas are being added to the rail [...]
Capital expenditure has started pushing private investment and the Budget target of Rs 7.5 lakh crore for the current financial year is likely to be met, the Economic Survey 2022-23 said. The capital expenditure (capex) of the central government which increased by 63.4 per cent year-on-year in the first eight months of FY23 was another [...]
India's solar module manufacturing capacity is expected to reach approximately 95 GW by the end of 2025, according to Mercom Capital. The solar module manufacturing capacity as of September last year was 39 gigawatt (GW), the research firm said in its latest report. "India's solar module manufacturing capacities announced...39 GW at the end of September [...]
Haryana's annual budget for 2023-24 will focus on promoting exports from the state, millet products and creating employment opportunities for the youth, chief minister Manohar Lal Khattar said on Monday. "By promoting exports, foreign exchange will come into the country and the economy of the state will be strengthened," he said while addressing the pre-budget [...]
The International Monetary Fund (IMF) on Tuesday said it is expecting some slowdown in the Indian economy next fiscal year and projected the growth to 6.1 percent from 6.8 percent during the current fiscal ending March 31. The IMF on Tuesday released the January update of its World Economic Outlook, according to which the global [...]
Inflation in India is expected to come down from 6.8 percent in the current fiscal year ending March 31 to 5 percent the next fiscal, and then drop further to 4 percent in 2024, the International Monetary Fund (IMF) said on Tuesday. “Inflation in India as in other countries is expected to come down from [...]
Equity benchmarks declined in initial trade on Tuesday amid an overall weak trend in the global markets as investors adopted a cautious approach ahead of the Union Budget presentation and interest-rate decision from the Federal Reserve. Also, continuous foreign funds outflow played spoilsport for the markets. The 30-share BSE benchmark Sensex declined 203.74 points to [...]
With Finance Minister Nirmala Sitharaman getting ready to present the last full budget of the Modi 2.0 government, expectations are high that she will meet the demands of all stakeholders, including the common man who is reeling under the price rise. The finance minister has held several rounds of discussions with various stakeholders, and final [...]
Capital markets regulator Sebi on Monday cancelled the registration of three entities -- Kaynet Capital, Kaynet Commodities and Kaynet Finance -- as stock brokers for not meeting the conditions required under intermediaries rules. In addition, the Securities and Exchange Board of India (Sebi) has cancelled the registration of Kaynet Capital as depository participant. Irrespective of [...]
