BUSINESS
Indian Startups Secure $9.2 Billion in VC Funding from January to October: Report
Deal volumes rose 5.8 per cent during the same period, indicating a renewed investor confidence in the market. The same period in 2023 saw 930 VC deals worth $6.4 billion.
Report Projects Strong Growth for India's Real Estate Sector
As many as 40 per cent of respondents anticipate sales growth, and 38 per cent expect market stability. Likewise, the office market is optimistic with strong confidence in key parameters such as leasing, supply, and rents, pointing to stakeholder optimism for strong performance over the coming months, the report adds.
ISRO Chairman Highlights Key Role of Private Sector and Startups in Space Activities
He said ISRO has identified hundreds of different sectors, which will benefit from research done for space missions, and talks with some selected industries have already started to transfer the technology to them.
India Sees Strong Growth in Iron Ore and Non-Ferrous Metal Production
Production of iron ore has gone up from 152.1 MMT in the first seven months of FY 2023-24 (April-October) to 158.4 MMT in FY 2024-25 (April-October). That indicates a good 4.1 per cent growth.
Trump Appoints Tough Negotiator to Head Trade Talks
In his Tuesday night announcement naming him US International Trade Representative (USITR), Trump hailed him for his key role "in imposing tariffs on China and others to combat unfair trade practices".
Credit Card Spending in India Surpasses ₹2 Lakh Crore in October
Credit card spending in October reached Rs 2.02 lakh crore, up 13 per cent year-on-year, as per latest data by the Reserve Bank of India (RBI).
India Sees Double-Digit Growth in Steel Consumption Despite Global Slowdown
According to the statement, unless adequate domestic steel production capacity is built, the country would become a net importer of steel and would remain dependent on imports of steel for its infrastructure creation. As per the National Steel Policy, it aims for a production capacity of 300 million tonnes of steel by the year 2030 with the present capacity being about 180 million tonnes.
India's Milk Production Increases by 4% to Exceed 239 Million Tonnes in 2023-24
Union Minister Singh said the per capita availability of milk has also increased to 471 gm per day in 2023-24 from 459 gm per day in 2022-23. The minister noted that the average growth in India's milk production has been 6 per cent as against 2 per cent of the world's average.
Government Finalizes Auction of 9 Coal Mines, Projected to Generate ₹1,446 Crore Annually
These mines are likely to generate around Rs 1,446 crore in annual revenue (excluding partially explored mines), and also likely to attract around Rs 2,115 crore in capital investment, besides creating 19,063 employment opportunities, according to the ministry.
Adani Group Denies Bribery Charges Against Gautam Adani
The US Department of Justice's (US DOJ) indictment filed in a New York Court last week does not mention Gautam Adani, founder chairman of the ports-to-energy conglomerate, his nephew Sagar, or Vneet Jaain in any count related to conspiracy to violate the FCPA, Adani Green Energy Ltd (AGEL) said in a stock exchange filing.
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