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Indian renal denervation catheter market to grow at 11% CAGR: Report

Indian renal denervation catheter market to grow at 11% CAGR: Report

Thu, Jan 18, 2024

The renal denervation catheters market in India is expected to grow at a compound annual growth rate of around 11 per cent between 2024 and 2033, according to a report.

World Economic Forum: India's International Confidence Hits High, Says RBI Governor

World Economic Forum: India's International Confidence Hits High, Says RBI Governor

Thu, Jan 18, 2024

Reserve Bank of India (RBI) Governor Shaktikanta Das, speaking at the World Economic Forum 2024, highlighted a surge in international confidence towards India. He cited the National Statistics Office (NSO) revising India's FY23 growth projection to 7.3%, surpassing the RBI's own 7% estimate, as evidence of this positive sentiment. Additionally, Das expressed optimism for FY24, stating he "senses" India's GDP growth will reach 7%.

Global warming-induced cyclones rattle coastal economy; Amphan cost: $14 billion

Global warming-induced cyclones rattle coastal economy; Amphan cost: $14 billion

Sun, Jan 14, 2024

The widespread damage to infrastructure also leads to a decline in exports that adversely impacts GDP growth.

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Global economic developments expected to complicate outlook for Indian economy: Finance ministry report

Global economic developments expected to complicate outlook for Indian economy: Finance ministry report

Sat, Dec 24, 2022

"As we head into 2023, global economic developments are expected to complicate the outlook further, and therefore continued vigilance is a critical aspect in maintaining India's external resilience," a finance ministry report said.

Budget 2023 Expectations: Govt must incentivise companies for implementing sustainable solutions, says Honeywell Automation MD Ashish Gaikwad

Budget 2023 Expectations: Govt must incentivise companies for implementing sustainable solutions, says Honeywell Automation MD Ashish Gaikwad

Thu, Dec 22, 2022

Honeywell was working in India towards this goal and the company has been at the helm of innovations and technology in its business operations, Ashish Gaikwad, Managing Director at Honeywell Automation India says. There must be some form of help or collaboration from government to work more aggressively on sustainability, he adds

'Abnormal' anti-dumping duty should not be levied on Viscose Staple Fibre: SIMA to Finance Minister

'Abnormal' anti-dumping duty should not be levied on Viscose Staple Fibre: SIMA to Finance Minister

Wed, Dec 21, 2022

Over two lakh powerlooms in Tamil Nadu had diverted to VSF manufacturing and enabling value added exports and anti-dumping duty would again make manufacturers to switch over to imports that would have serious impact on the MSME spinning mills, Ravi Sam said.

Underlying economic activity continues to be strong, but external sector to dent growth: RBI Governor Shaktikanta Das

Underlying economic activity continues to be strong, but external sector to dent growth: RBI Governor Shaktikanta Das

Wed, Dec 21, 2022

It is the external sector, mired by a fear of recession or clear visibility about slowing growth in a large part of the world, where the challenges lie, he said, adding that the impact of external demand will "dent" the economy.

Govt approves Rs 357 crore for Foxconn under PLI for mobile phones

Govt approves Rs 357 crore for Foxconn under PLI for mobile phones

Wed, Dec 21, 2022

Government has cleared an incentive of a global company engaged in electronics manufacturing in the country.

Exporters seek support measures in Budget to boost shipments

Exporters seek support measures in Budget to boost shipments

Mon, Dec 19, 2022

Mumbai-based exporter and chairman of The Bombay Textile Research Association S K Saraf said exports are key drivers to promote the country's economic growth and the Budget should address issues being faced by the sector.

IT companies at STPI, SEZs exported software worth Rs 11.59 lakh crore in 2021-22: Govt

IT companies at STPI, SEZs exported software worth Rs 11.59 lakh crore in 2021-22: Govt

Sat, Dec 17, 2022

Minister of State for Electronics and IT Rajeev Chandrasekhar, in a written reply to a question from Rajya Sabha MP GVL Narasimha Rao, said IT units registered with STPI have exported software worth Rs 6,28,860.29 crore and SEZs Rs 5,30,350 crore in 2021-22.

Editor's Take: Why The First Half Of The Year 2023 Will Not Be Easy? Reveals Anil Singhvi

Editor's Take: Why The First Half Of The Year 2023 Will Not Be Easy? Reveals Anil Singhvi

Fri, Dec 16, 2022

Confidence in the market, why not in the central banks? Why the first half of the year 2023 will not be easy? Know from Anil Singhvi.

Govt will work to further bring down inflation, says FM Nirmala Sitharaman as November WPI inflation hits 21-month low

Govt will work to further bring down inflation, says FM Nirmala Sitharaman as November WPI inflation hits 21-month low

Wed, Dec 14, 2022

Finance minister Nirmala Sitharaman told Parliament that the government will work for the common man to further bring down inflation.

PLI scheme qualifiers, Steel Ministry to ink pacts to materialise investment proposals

PLI scheme qualifiers, Steel Ministry to ink pacts to materialise investment proposals

Tue, Dec 13, 2022

On Friday, the government announced selection of 67 entries with an investment potential of Rs 42,500 crore under the scheme. The proposed investments are expected to generate 70,000 job opportunities and add 26 million tonnes of speciality steel capacity in the country.

Not good for govt to share data in aggregated form: Amitabh Kant

Not good for govt to share data in aggregated form: Amitabh Kant

Tue, Dec 13, 2022

Addressing the G-20 development working group meeting here, Kant said data is a key aspect to help any country meet her developmental goals and added that India has benefitted from the same.

Union Minister Nitin Gadkari says India needs to promote flex-fuel vehicles to tide over fluctuations in crude oil prices

Union Minister Nitin Gadkari says India needs to promote flex-fuel vehicles to tide over fluctuations in crude oil prices

Mon, Dec 12, 2022

Addressing an event organised by SIAM (Society of Indian Automobile Manufactures), Union minister Nitin Gadkari said that the aviation sector is also facing problems due to the high cost of aviation fuel.

Commerce ministry shares Russia's list of goods for import from India with exporters

Commerce ministry shares Russia's list of goods for import from India with exporters

Wed, Dec 07, 2022

Russia, on which sanctions have been imposed by western countries due to its invasion of Ukraine, has shared a list of hundreds of items from sectors including pharmaceuticals, textiles, auto components, and chemicals.

US indices decline after strong service-sector data feeds hawkish US Fed fears

US indices decline after strong service-sector data feeds hawkish US Fed fears

Mon, Dec 05, 2022

The rate-setting Federal Open Market Committee meets on Dec. 13-14, the final meeting in a volatile year, which saw the central bank attempt to arrest a multi-decade rise in inflation with record interest rate hikes.

States capital spends inch up just 2.2% in first half despite massive spike in revenues

States capital spends inch up just 2.2% in first half despite massive spike in revenues

Sun, Dec 04, 2022

The 18 states covered in this note are Andhra Pradesh, Chhattisgarh, Gujarat, Haryana, Himachal, Jharkhand, Karnataka, Kerala, Madhya Pradesh, Maharashtra, Odisha, Punjab, Rajasthan, Tamil Nadu, Telangana, Uttar Pradesh, Uttarakhand and Bengal.

FPIs turn net buyers in Nov; invest Rs 36,329 crore in equities

FPIs turn net buyers in Nov; invest Rs 36,329 crore in equities

Sun, Dec 04, 2022

India will get its fair share of Foreign Portfolio Investors (FPIs) money, however, the high valuation will be a deterrent, VK Vijayakumar, Chief Investment Strategist at Geojit Financial Services, said.

Abu Dhabi seeks Indian investments, invites start-ups to establish hubs

Abu Dhabi seeks Indian investments, invites start-ups to establish hubs

Sun, Dec 04, 2022

Abdulla Abdul Aziz Alshamsi, Acting Director General of Abu Dhabi Investment Office (ADIO) told PTI that his office will facilitate all investment avenues for Indian companies and called this as a natural extension of the growing relations between India and the UAE.

Govt working to extend Rs 3,500-crore PLI benefits to BIS-compliant toys

Govt working to extend Rs 3,500-crore PLI benefits to BIS-compliant toys

Sun, Dec 04, 2022

The official said that the measures announced by the government for the toys industry like introduction of quality control orders and increasing customs duties from 20 per cent to 60 per cent has helped in cutting down sub-standard imports and promoting domestic manufacturing in the country.

Govt to tighten scrutiny of imports; sets up 4-5 task forces to boost telecom manufacturing

Govt to tighten scrutiny of imports; sets up 4-5 task forces to boost telecom manufacturing

Sun, Dec 04, 2022

The minister had a meeting with over 40 CEOs of telecom gear makers that have qualified for production linked incentive scheme and decided to set up 4-5 task forces to provide market support to them as well as streamline their business for value addition in the economy.

IMF says it fully supports India's G20 agenda

IMF says it fully supports India's G20 agenda

Sat, Dec 03, 2022

The G20's Bali Declaration last month acknowledged differences among members on the Russia-Ukraine war but stressed that it was essential to adhere to international law, including the protection of civilians caught in conflicts.

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