Maharashtra continues to attract significant foreign direct investment, securing $8.5 billion in the June quarter. Despite this, the State is seeing a slowdown in project investments compared to States like Gujarat and Jharkhand. Maharashtra’s FDI inflows are bolstered by the presence of major business headquarters, contributing to its 31% share of national FDI equity inflows. […]
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Prime Minister Narendra Modi on Sunday said that cities like Pune in Maharashtra need to be made the centre of urban development to keep up with the pace of the growing population, but the lack of vision and planning during the previous regimes stalled development. The Prime Minister was virtually launching projects worth ₹11,200 crores in […]
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The market regulator recently halted the listing of shares of Trafiksol ITS Technologies, whose initial public offering (IPO) received bids worth Rs 10,000 crores and was subscribed 300 times, following investor complaints. At a business summit, Ashwani Bhatia, a whole-time member of the Securities and Exchange Board of India (Sebi), highlighted concerns about manipulation and […]
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The ‘Make in India’ initiative has completed 10 years of transformative impact. PM Modi’s vision has ignited a revival in manufacturing and spurred job creation. On September 25, the country observed 10 years of Prime Minister Narendra Modi’s game-changing ‘Make in India’ initiative that is transforming India’s industrial landscape by encouraging job-creating investments and giving […]
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Swiggy’s largest investor Prosus could realise more than $500 million from the food and grocery delivery firm’s upcoming IPO as it plans to offload 5% stake during the listing. The amount is calculated based on Swiggy’s estimated listing valuation at $11-12 billion. It may change depending on the final issue price. Besides Prosus, other investors […]
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Government initiatives like ‘Make in India’ and the PLI scheme are driving strong hiring in India’s manufacturing sector. Industries such as automotive, electronics, chemicals, and pharmaceuticals are expanding, creating demand for both blue- and white-collar roles. Companies are focusing on technology and sustainability, leading to new job opportunities. Programs like ‘Make in India’ that completed […]
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China Cos.: The Centre is looking to immediately operationalize its order that will likely weed out Chinese vendors from the supply chains of all forms of surveillance equipment in the aftermath of the recent coordinated pager explosions in Lebanon, multiple sources aware of the development told ET. The move is set to benefit local companies. […]
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Sunil Gupta, Chief Executive of Yotta Data Services, which has placed a purchase order of 16,000 H100 GPUs from Nvidia and went live with 4,000 H100 GPUs a few months ago, concurred. The Government has halved the revenue threshold for companies seeking to bid for the Rs 10,000 crores graphics processing units (GPUs) tender, conceding […]
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While the Department for Promotion of Industry and Internal Trade (DPIIT) is the nodal body, monitoring China’s moves, the Ministry of New & Renewable Energy also keeps a close watch, the official added. India is bracing to meet the challenges posed by Beijing’s ‘Made in China 2025’ strategy, a three-step plan to promote China as […]
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Growth comes on the back of renewed focus on MSMEs, digitalization of economy, and schemes offering collateral-free loans, among others. Indicating a positive trend, loans to the Micro, Small and Medium Enterprises (MSMEs) have showed an uptick on a year-on-year basis so far in the current fiscal, compared to the corresponding period last fiscal. According […]
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