The Confederation of Indian Industry (CII) has sought reforms in India's Priority Sector Lending (PSL) framework to enable the setting up of more Development Finance Institutions (DFI) to provide funds to new and emerging sectors such as digital infrastructure, green initiatives, healthcare, and innovative manufacturing. "The current Development Finance Institutions like SIDBI and NABFID have … Read more
A total of 51 founders of 28 Indian new-age startup companies in the country took home Rs 283.5 crore as an annual salary in FY24. According to the Inc42 report, "The average salary of startup founders in India declined by 26.9 per cent on year-on-year (YoY) basis to Rs 5.55 crore in FY 24 from … Read more
The market outlook for next week will depend upon several global and domestic cues, including factors linked to the US market, and FII data, according to experts on Sunday. The US factors are — bond yields, the dollar Index, initial jobless claims, new home sales data, and Durable Goods Orders data. The global and Indian … Read more
Overall Net Profit of operating Central Public Sector Enterprises (CPSEs) rose to Rs 3.22 lakh crore in FY24 as against Rs 2.18 lakh crore in FY23 showing an increase of over 47 per cent, according to an official report. The market capitalisation of CPSEs more than doubled in Fiscal Year 2024-25 as compared to Fiscal … Read more
As India strives towards a green future, Prime Minister Narendra Modi's clean energy policies are creating some wonderful opportunities, which will not only help India achieve its Net Zero goal but also pull millions more out of poverty, Erik Solheim, Former Minister of Climate and the Environment of Norway, has stressed. Nearly 25 crore Indians … Read more
The Pension Fund Regulation and Development Authority (PFRDA) Chairman Deepak Mohanty said on Saturday that the asset under management (AUM) of the National Pension System (NPS) is likely to surge to Rs 15 lakh crore by the end of current fiscal (FY25). In his address at the launch of the Association of NPS Intermediaries … Read more
A secure, affordable, flexible and efficient accommodations for industrial workers is a pivotal initiative by NITI Aayog, aligned with the current and future needs of the domestic manufacturing sector, the India Cellular and Electronics Association (ICEA) said on Saturday. NITI Aayog has released a comprehensive report on the crucial role of secure, affordable, flexible, and … Read more
Riding on resilient economic growth, the domestic stock markets are ending 2024 on a positive note, with Nifty registering a 13 per cent gain (year-to-date) — its ninth consecutive year of positive gains, a Motilal Oswal Wealth Management report said on Saturday. The first half of the year saw robust corporate earnings, a surge in … Read more
Ready-to-eat popcorn is set to attract varying GST rates based on its preparation and packaging, it was decided in the 55th GST Council meeting on Saturday. For popcorn (mixed with salt and spices), it retains the essential character of 'namkeens'. It means a GST of 5 per cent applies if it is supplied loose or … Read more
Representing Maharashtra in the pre-Union Budget meeting held in Jaisalmer, Minister Aditi Tatkare on Saturday assured that Maharashtra would play a pivotal role in India’s journey towards becoming a $5 trillion economy. She emphasised the need for special financial assistance to the state in the upcoming Union Budget. Minister Tatkare presented Maharashtra’s vision, highlighting its … Read more
