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Indian realty sector sees 22 pc growth at $6.5 bn in 2024, foreign inflows surge
Business

Indian realty sector sees 22 pc growth at $6.5 bn in 2024, foreign inflows surge

New Delhi, Jan 6: Led by the industrial and warehousing segment, the institutional investments in Indian real estate touched $6.5 billion inflows in 2024, a substantial 22 per cent increase from the previous year's $5.4 billion, according to a report on Monday. Overall, at $4.3 billion, foreign...
Investors shift towards multi-asset strategy in volatile week for Indian stock markets
Business

Investors shift towards multi-asset strategy in volatile week for Indian stock...

New Delhi, Jan 4: It was a volatile week for the Indian stock markets as investors shifted towards a multi-asset strategy amid geo-political uncertainties, with Donald Trump’s impending return as the 47th US President. The domestic benchmark indices concluded the week with a pessimistic note as a...
ONDC can create additional GMV opportunity worth Rs 3.75 lakh crore in 5 years
Business

ONDC can create additional GMV opportunity worth Rs 3.75 lakh crore in 5 years

New Delhi, Jan 4: The Open Network for Digital Commerce (ONDC), which has the potential to create a market opportunity to the tune of Rs 3.75 lakh crore in additional gross merchandise value (GMV) in the next five years, is addressing the challenges of monopolistic practices and empowering smaller...
ED raids Pratibha Industries in Rs 4,957 cr loan fraud case
Business

ED raids Pratibha Industries in Rs 4,957 cr loan fraud case

Mumbai, Jan 4: The Directorate of Enforcement (ED), Mumbai Zonal Office, conducted extensive search operations on January 2 at 14 locations across Mumbai and Delhi in connection with a Rs 4,957 crore loan fraud case involving M/s Pratibha Industries Limited and its associates, a statement by the ED...
Know all about 2 new SBI deposit schemes that offer financial flexibility
Business

Know all about 2 new SBI deposit schemes that offer financial flexibility

New Delhi, Jan 4: The State Bank of India (SBI) has announced two new deposit schemes, 'Har Ghar Lakhpati' and 'SBI Patrons', to provide greater financial flexibility and better value to its customers. SBI has a market share of about 23 per cent in deposits. With these offerings, the bank said it is...
From promise to controversy: Unpacking home rental platform NestAway saga
Business

From promise to controversy: Unpacking home rental platform NestAway saga

Bhubaneswar, Jan 3: After Amarendra Sahu, Co-founder of home rental platform NestAway, lodged an FIR here against the company's investors, including Tiger Global, Goldman Sachs and Chirate Ventures, as well as its fellow co-founders Jitendra Jagadev and Smruti Parida, another domestic startup has...
India’s solar panel exports surge as world looks beyond China
Business

India’s solar panel exports surge as world looks beyond China

New Delhi, Jan 2: India is emerging as a major exporter of solar photovoltaic (PV) cells as countries look for alternatives to China for sourcing supplies in their switch to renewable energy to fight climate change.In April-October FY25, India exported $711.95 million worth of PV cells assembled in...
Indian Oil inks 30-year pact to operate fuel stations at Noida International Airport
Business

Indian Oil inks 30-year pact to operate fuel stations at Noida International...

Noida, Jan 2: The Noida International Airport (NIA) has signed a 30 year concession agreement with Indian Oil Corporation Ltd (IOCL) to operate fuel stations at three key locations within the airport premises. This collaboration will ensure uninterrupted access to high quality fuelling services at...
Ambuja Cements-Adani merger receives no objection letter from stock exchanges
Business

Ambuja Cements-Adani merger receives no objection letter from stock exchanges

Mumbai, Jan 2: Ambuja Cements Ltd has received an observation letter with 'no objection' from the National Stock Exchange (NSE) and 'no adverse observations' from Bombay Stock Exchange (BSE) with regards to merger with Adani Cementation Ltd. The proposal for a merger between Adani Cementation and...
ONDC empowering small businesses, revolutionising e-commerce: PM Modi
Business

ONDC empowering small businesses, revolutionising e-commerce: PM Modi

New Delhi, Jan 2: The government run Open Network for Digital Commerce (ONDC) has empowered small businesses and revolutionised e-commerce, said Prime Minister Narendra Modi on Thursday. ONDC a network of more than 200 apps, including buyer apps and seller apps was launched in 2021 to democratise...
Gross NPA ratio of India’s banks falls to 12-year low of 2.6 pc
Business

Gross NPA ratio of India’s banks falls to 12-year low of 2.6 pc

Mumbai, Dec 31: The asset quality of India’s banks has improved further with their gross non-performing assets (GNPA) declining to 2.6 per cent of total advances in September 2024 which is the lowest level in the last 12 years, according to the RBI’s latest financial stability report. The net NPA...
India targets $1 billion banana exports as sea route trial proves successful
Business

India targets $1 billion banana exports as sea route trial proves successful

New Delhi, Dec 31: India has witnessed a tenfold rise in exports of bananas in the past decade and is now targeting $1 billion in banana exports in the next five years after successful trial shipments to the Netherlands via the sea route, according to the Centre’s Agricultural and Processed Food...
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