BUSINESS
India Sets Sights Beyond 5G, Leaping Forward to Explore 6G Communications
Prime Minister Narendra Modi's inauguration of the International Telecommunication Union (ITU) Area Office & Innovation Centre marked a significant step in this journey.
India's Metro Network Set to Surpass the US, Becoming the World's Second Largest
Currently, construction is ongoing for metro rail projects covering 986 km in various cities. Major lines in Mumbai and Delhi are set to be completed this year, enhancing connectivity for commuters.
Piyush Goyal Stays Optimistic About Achieving the USD 2 Trillion Export Target
During the inauguration of the Patsan Bhavan in Kolkata, Goyal acknowledged the complexities brought about by global issues like the Ukraine conflict, the Israel situation, and concerns regarding the Red Sea.
Market Dynamics: Indian Equity Markets Witness Dominance of Bulge Bracket FPIs
The substantial surge in the market during December coincided with a noteworthy increase in FPI inflows, reaching Rs 58,372 crore for the month. When factoring in investments through the primary market and other channels, the total FPI inflows for December amounted to Rs 66,134 crores.
Empowering Progress: Adani Electricity's High-Powered Performance in 2023 Sets the Stage for 2024
Serving over three million consumers across 400 square kilometers in Mumbai and suburbs, AEML delivers nearly 2000 MW of power daily with an impressive 99% reliability rate, ranking among the highest in the country.
FAO Reports: Global Food Prices Index Witnesses a 10% Decline in 2023
Grains and cereals, the index's largest component, observed a 1.5% price rise in December. Nevertheless, they concluded the year 16.6% below the levels recorded in December 2022, according to FAO data.
SEBI Strengthens Short Selling Rules for Market Integrity
The circular specifies that brokers are required to collect details on scrip-wise short sell positions, compile the data, and upload it to stock exchanges before the start of trading on the following day.
redRail by redBus Unveils India's Top Punctual Trains of 2023
Operating more than 13,000 passenger trains across approximately 68,000 route kilometers and linking 7,325 stations, the railway system plays a pivotal role in India's growth narrative.
Boosting Economic Outlook: Government Raises GDP Growth Projection to 7.3% for 2023-24
Surpassing the Reserve Bank of India's (RBI) recent revision to 7%, this estimate signals positive economic momentum, particularly after a surprising 7.6% growth observed in the July-September quarter, driven by robust expansion in the manufacturing sector.
December 2023 Shows Strong Growth in the Services Sector
The HSBC India Services Purchasing Managers’ Index, compiled by S&P Global, surged to 59.0, marking a significant increase from November's 12-month low of 56.9.
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