Infosys Co-Founder N R Narayana Murthy has emphasised that job creation by innovative entrepreneurs, rather than government freebies, is the key to eliminating poverty. Speaking at the TiEcon Mumbai 2025 event, he urged entrepreneurs to focus on building businesses that generate employment, asserting that poverty will disappear if innovative enterprises are created. The Role of …
New Delhi, Mar 12 (PTI) A parliamentary committee has suggested that the government’s crop insurance scheme PMFBY should cover damages caused to crops by stray animals, besides pitching for financial assistance of Rs 100 per quintal to paddy farmers to curb burning of crop residues. It also recommended free compulsory crop insurance to small farmers …
India and Mauritius signed 8 Memorandums of Understanding (MoUs) on March 11, 2025 covering areas such as banking, trade, security, and governance. The agreements were signed during Prime Minister Narendra Modi’s two-day visit to the island nation, where he met his Mauritian counterpart, Navin Chandra Ramgoolam. Important Agreements Signed The signed MoUs focus on financial …
New Delhi, Mar 12 (PTI) Sugar industry body ISMA has revised net production estimates of the sweetener downwards to 264 lakh tonnes in the current marketing year ending September. In a statement on Wednesday, the Indian Sugar and Bio-Energy Manufacturers Association (ISMA) said it has revised “net sugar production estimates to 264 lakh tons after …
Blackstone Inc., the world’s largest data centre provider, is making a significant move in India by investing $11 billion in data centre infrastructure. This investment aligns with the rapidly growing demand for artificial intelligence (AI) and cloud computing services in the country. With AI-driven technologies requiring massive computing power, data centres have become a critical …
India is set to introduce a coal trading exchange to facilitate the buying and selling of domestically produced coal. This move aligns with the country’s growing coal production, particularly from private miners, following significant reforms in the sector. The exchange aims to enhance competition and streamline coal sales, ensuring a more efficient and transparent marketplace. …
The Reserve Bank of India (RBI) has introduced a comprehensive framework for recognising Self-Regulatory Organisations (SROs) in the Account Aggregator (AA) ecosystem. This framework outlines the eligibility criteria, governance structure, and responsibilities of SROs, aiming to enhance professional standards and best practices within the sector. Applications for recognition must be submitted via the PRAVAAH portal …
The White House has voiced concerns over the steep tariffs imposed on American goods by several nations, particularly India, Canada, and Japan. Addressing the issue in a recent press briefing, White House Press Secretary Karoline Leavitt criticised these high duties and emphasised President Donald Trump’s commitment to fair trade policies. Leavitt specifically highlighted the impact …
The Indian stock market, including Nifty50 and Sensex, will remain closed on March 14, 2025, in observance of the Holi festival. Trading will also be suspended across segments such as equity derivatives, securities lending and borrowing (SLB), currency derivatives, and electronic gold receipts (EGR) for the day. Upcoming Stock Market Holidays in 2025 This Holi …
The Indian mutual fund industry witnessed a sharp decline in Assets Under Management (AUM) in 5 years as a result of a downturn in the equity market and reduced inflows across most categories. According to data from the Association of Mutual Funds in India (AMFI), the industry’s AUM fell by ₹2.72 lakh crore in February …
