The coal sector has exhibited the highest growth of 11.6 % (provisional) among the eight core industries for the month of February 2024 as per the Index of Eight Core Industries (ICI) (Base Year 2011-12) released by the Ministry of Commerce & Industries. During February 2024, the index of the coal industry reached 212.1 points …
In a significant move towards fostering international cooperation in sustainable technology, the European Union (EU) and India have jointly initiated an Expression of Interest (EoI) for startups specializing in Battery Recycling Technologies for Electric Vehicles (EVs). This initiative aims to facilitate collaboration between European and Indian Small and Medium-sized Enterprises (SMEs) and startups within the …
Inflation is the rate at which the general level of prices for goods and services is rising, and subsequently, purchasing power is falling. Central banks attempt to limit inflation and avoid deflation, in order to keep the economy running smoothly. Deflation, on the other hand, is the decrease in the general price level of goods …
ICRA Forecasts Modest Growth for the Road Logistics Sector ICRA’s analysis suggests a measured pace of expansion for the Indian road logistics industry. The report acknowledges several factors influencing this growth trajectory. One key aspect is the limited ability of logistics players to raise freight rates. Additionally, the upcoming elections in India are expected to …
Blackstone, a leading global investment firm, considers India a critical market and has earmarked substantial capital for future investments. India currently ranks as Blackstone’s third-largest investment destination globally, following the US and UK. The firm currently manages a sizable USD 50 billion portfolio in India across private equity and real estate sectors. Notably, India has …
Amidst the shifting landscape of India’s financial sector, non-banking finance companies (NBFCs) specializing in microcredit have emerged as significant players. With banks redirecting their focus towards retail credit, NBFCs have seized the opportunity, expanding their market share to 39%. This article explores the factors driving the ascent of NBFCs in microfinance and the implications for …
Indian shadow banks, also known as Non-Banking Financial Companies (NBFCs), are set to face increased costs for borrowing money through bonds. This comes after the Reserve Bank of India (RBI), the country’s central bank, introduced tighter regulations in November 2023. These regulations require banks to set aside more money as reserves against loans given to …
Introduction: As the scorching summer heat looms ahead, the Indian government is gearing up to tackle the surging electricity demands across the nation. Led by the Union Minister for Power and New & Renewable Energy, Shri R. K. Singh, a slew of measures are being orchestrated to ensure uninterrupted power supply during the upcoming season. …
India’s manufacturing sector has shown remarkable resilience and growth in March, with the HSBC Purchasing Managers’ Index (PMI) hitting a 16-year high of 59.1. This growth is driven by a surge in output and new orders, signaling a strong recovery from the challenges posed by the pandemic. Let’s delve deeper into the factors contributing to …
Yuan Wobbles, Rupee Feels the Pinch The recent fluctuations in the yuan’s value have had a knock-on effect on the Indian rupee, sparking speculation that the RBI may need to adjust its grip on the currency. In March, the rupee hit a record low on the same day the yuan experienced a significant depreciation. This …
